The problem
The cost of the current financial regulatory landscape is estimated at over 5% of the total revenue of the industry. This number is expected to double over the next 5 to 10 years. With over 50,000 regulatory rules and guidance being issued since the 2009 Crisis, the regtech council have penned the term law’s law in deference to Moore’s law view about technology, in that the number of regulations could be seen to have doubled every year since 2009 with no retreat in sight.

Financial IT speaks with Miroslav Petrov, Product Director of Fortia at FinTECHTalents 2019. Fortia is a Paris based company attending FinTECHTalents event for the first time. During the interview, Miroslav Petrov highlights the importance of AI for the operational business of customers. 

Diginex, a blockchain technology and digital assets services and advisory company, has appointed Thibault Verbiest as Head of Regulatory Affairs for Europe & Africa. He will oversee the legal and compliance functions of the company in the region while managing its relations with regulators across those continents.

MoneyGram, a global provider of innovative money transfer services, today announced that Ripple, a provider of leading enterprise blockchain solutions for global payments, has made the final $20 million investment in MoneyGram equity pursuant to Ripple's original $50 million equity investment commitment made earl

Koine, the institutional custodian and settlement service for digital assets and fiat money, has appointed former CEO of SIX Digital Exchange (SDX), Martin Halblaub, as Chair of its advisory board, effective 1^st January 2020.

As former CEO of SDX, Switzerland’s digital assets exchange, Martin shaped the business’ strategy, model and core technology, as well as the client and product portfolio, and built the operating company.

Whenever people are buying more, it’s an opportunity for criminals to strike, which makes Black Friday a dangerous time. With new scams on the increase, FICO’s fraud experts have added new tips for staying safe, taking the total to 16.

Black Friday is just around the corner with even more UK bargain hunters expected to pounce on big discounts this year. But new research from Judopay shows that not all of these sales will happen online or on mobile, with over a quarter of Brits admitting that they’d rather queue in store than make a purchase on their mobile as it’s ‘too stressful’.

Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, has been named within the RegTech 100 - a list recognising the world’s most innovative technology solution providers.

Now in its third year, the RegTech 100, announced today [26 November] by specialist research firm RegTech Analyst, highlights “RegTech companies that every financial institution needs to know about” in the year ahead.

Avelacom, the high-performance global connectivity and IT infrastructure provider for the financial services industry, has launched its multi-cloud connectivity solution to simplify and accelerate how traders connect to cryptocurrency exchanges. It delivers secure, direct and ultra-low latency access to cryptocurrency exchanges hosted in Alibaba Cloud, Amazon Web Services (AWS), Microsoft Azure and Google Cloud platform.