In a landmark decision, the Irish Data Protection Commission (DPC) has imposed a substantial fine of £102 million on Meta, formerly known as Facebook, for failing to encrypt user passwords. This penalty underscores the European Union's stringent stance on data protection and raises important
In the rapidly evolving financial technology (FinTech) landscape, the importance of advanced anti-money laundering (AML) systems has never been more critical. The surge in digital transaction volumes continues to pose significant challenges for financial institutions globally. With an astounding
Dotfile, a promising French RegTech startup, recently celebrated a significant milestone: the completion of a €6 million fundraising round. Founded in 2021, the company aims to revolutionize compliance processes through its AI-powered platform, with a particular focus on &
In the first half of 2024, the regulatory technology (RegTech) sector experienced a notable shift in investment patterns. While the overall number of deals has decreased, the average deal values have surged, reflecting a strategic pivot among investors towards larger, more substantial investments
The financial industry is currently experiencing unprecedented scrutiny as regulatory bodies enforce more stringent rules and impose heavier penalties. The total fines for global trading violations have already reached a staggering $800 million in the first half of this year alone, highlighting the
In a groundbreaking move, Flagright, a leader in AI-native compliance solutions, has entered into a strategic partnership with First Digital Trust (First Digital), a Hong Kong-based company specializing in multi-asset custodial, trust, payments, and stablecoin services. This collaboration is set to
