Organised crime is the biggest compliance-related fear facing firms, but almost half of organisations do not have a fully integrated client monitoring solution as part of their risk management process, according to a new survey by NorthRow.   

The CISI confidence indicator (the sum of positives less the sum of negatives) is 6, reflecting the same level of positivity recorded for the same survey during winter 2015. The poll has been conducted on average every six-12 months since spring 2012.

Positive respondents’ comments included:

The Board of Managing Directors of Commerzbank AG has decided to postpone the Annual General Meeting (AGM) originally planned for 5 May 2021. The postponement is due to the ongoing restaffing on the Supervisory Board. The company aims to hold the AGM in short term and publish the necessary election proposals with the invitation.
 

Today, Creditinfo Group – the leading global credit information and decision analytics provider – announced that is has increased its stake in JSC “Kredītinformācijas Birojs” (KIB) to 51%, becoming the majority shareholder.  

Earlier this month, the US private equity fund Levine Leichtman Capital Partners (LLCP) became the majority shareholder of Creditinfo Group. As the result of that transaction, the share capital of the KIB joint stock company was increased, with ABLV Bank selling its shares.

OneStream Software, a leader in corporate performance management (CPM) solutions for mid-sized to very large enterprises, announced a new OneStream MarketPlace solution that helps organizations provide control and governance over application change requests.

With major institutions like HSBC and Lloyds announcing large cuts to their office footprint, there has been renewed speculation across the financial world about the long-term future of the office.

 The Facts 2021’ report this afternoon, which finds criminals turned to online and technology-enabled scams to exploit people’s fears about the Covid-19 pandemic last year, please find comments below from Dan Holmes, Director, Solutions Consulting EMEA, and Kate Dunckley, Senior Solutions Consultant both at LexisNexis Risk Solutions.

Beyond AML, global RegTech solution provider and innovator in data-driven transformation for financial institutions, celebrates its 1 st Birthday this March.

Despite the ongoing impact and disruption of Covid-19 for businesses globally, Beyond AML celebrates the anniversary of their incorporation on the 18th March 2021.

For fintech players striving to stand out in an ever-more crowded space, the Gamestop stock battle offers a valuable lesson. As well as underscoring the huge power of social media, this tale of Reddit rebellion highlights the potential for fintechs to boost their online attention by gaining social clout and, in particular, by partnering with the rising crop of finance influencers.

Corporate treasury specialist Ledgermatic today launches its White Paper, offering a first look at use cases, solutions and technologies it intends to deploy ahead of its product release later this year. It will aid organizations to future-proof their corporate treasury services, allowing them to hold and transact digital assets like Bitcoin in a compliant way.