Regulatory & Compliance

Regulators Tighten Oversight on Bank-Fintech Partnerships to Mitigate Risk
Regulatory & Compliance Regulators Tighten Oversight on Bank-Fintech Partnerships to Mitigate Risk

The rapid surge in collaborations between banks and fintech companies has drawn significant attention from U.S. financial regulators. With an increasing emphasis on ensuring financial stability and consumer protections, regulatory bodies such as the Federal Reserve System (FRB), Federal Deposit

Navigating US Financial Regulations: A Guide for Global Institutions
Regulatory & Compliance Navigating US Financial Regulations: A Guide for Global Institutions

Navigating the labyrinth of US financial regulations can be a daunting task for non-US financial institutions. With the growing reach of these regulations globally, institutions must now, more than ever, align their practices with US standards to avoid severe penalties and disruptions. This guide

Why Are Fraud and Scam Complaints Rising to Record Levels?
Regulatory & Compliance Why Are Fraud and Scam Complaints Rising to Record Levels?

The Financial Ombudsman Service (FOS) has reported a significant surge in fraud and scam complaints, reaching levels not seen in the past six years. Between April 1 and June 30, consumers lodged 8,734 cases, marking an astonishing 43% increase compared to the same period in 2023. This surge is the

Are Behavioral Biometrics the Future of Banking Fraud Prevention?
Regulatory & Compliance Are Behavioral Biometrics the Future of Banking Fraud Prevention?

The rapid growth of digital banking, alongside increasing incidents of account takeover (ATO) fraud, has propelled banks to seek more advanced security measures. Traditional biometric systems, such as facial and fingerprint recognition, have been a popular choice, but they come with inherent

Can Generative AI Transform How We Combat Financial Fraud?
Regulatory & Compliance Can Generative AI Transform How We Combat Financial Fraud?

The financial industry is at the cusp of a significant transformation, driven by Generative AI (GenAI), which is rapidly becoming a crucial tool in the fight against modern financial frauds and crimes. The article by Ellen Roberson delves into the innovative applications of GenAI, highlighting

Aligning Metrics and Ethics: BoA’s Corporate Culture Overhaul
Regulatory & Compliance Aligning Metrics and Ethics: BoA’s Corporate Culture Overhaul

Bank of America (BoA) recently faced a corporate culture crisis, bringing to light critical disconnections between business metrics and ethical responsibilities. This misalignment severely impacted employee well-being and raised concerns about the firm’s long-term sustainability. Insights from

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