In an era where regulatory scrutiny and market demands intensify, the financial services industry is embracing RegTech solutions to contend with the growing specter of conduct risk. Cognitive View is pioneering this stride forward, positioning itself as a crucial player in the automation of
The U.S. banking sector is facing heightened regulatory scrutiny as the Federal Deposit Insurance Corporation (FDIC) evaluates the need for more stringent oversight of large asset managers like BlackRock and Vanguard. These firms have amassed considerable passive stakes in various banks, prompting
Banks throughout Europe, the Middle East, and Africa (EMEA) are currently grappling with stringent anti-money laundering (AML) rules, an issue underscored by a 2024 PwC survey. These institutions are burdened with the task of mitigating the risks of illegal financial transactions while navigating a
In a narrative befitting a cyber-thriller, Samourai Wallet co-founders, Keonne Rodriguez and William Lonergan Hill, find themselves ensnared in a serious controversy. They are implicated in maneuvering more than $2 billion in unlawful crypto transactions through their digital wallet service—a
How Will Payment Security Software Market Surge by 2030? The Payment Security Software Market is on the brink of a transformative surge, poised to capitalize on the burgeoning reliance on digital payment methods. This monumental rise is shadowed by the growing sophistication of cyber threats,
In the UK, an alarming rise in Authorized Push Payment (APP) fraud has significantly impacted consumers, with losses reaching £485 million in 2022. APP fraud occurs when individuals are duped into willingly transferring money to fraudsters. This type of scam has not only resulted in substantial
