November 20, 2014 - The Royal Bank of Scotland and its subsidiary Ulster Bank have been hit with a £56 million fine by regulatory authorities over a computer malfunction in 2012 that locked customers out of accounts and knocked out payments processing systems.
November 20, 2014 - The U.S. Commodity Futures Trading Commission (CFTC) today launched CFTC SmartCheck, a new national campaign to help investors identify and protect themselves against financial fraud.
November 19, 2014 - The US Securities and Exchange Commission has approved new rules designed to strengthen the market's technology infrastructure, which has seen a rash of IT meltdowns in recent years.
November 19, 2014 - Increased regulatory scrutiny and complexity, enforced business changes and individuals being held personally accountable are all set to continue as a result of continuing widespread compliance failures. The onus is on senior managers to now:
November 18, 2014 - Contactless has shaken off its novelty tag in the UK and is surging towards the mainstream according to Worldpay, which is reporting a 150% rise in volumes over the past six months.
November 17, 2014 - Wolters Kluwer Financial Services today announced the joining of its broad and deep portfolio of Governance, Finance, Risk & Compliance (GFRC) solutions under the company's new OneSumX® brand.
November 14, 2014 - The Financial Conduct Authority (FCA) has found that many small banks and commercial insurance intermediaries fail to effectively manage financial crime risk. The two reviews published today follow related work by the FCA's predecessor on banks in 2011 and intermediaries in 2010.
November 14, 2014 - A Georgia man who purchased stolen credit card data and other personal information through the identity theft and credit card fraud ring known as "Carder.su" was sentenced today to serve 115 months in federal prison. He was further ordered to pay $50.8 million in restitution.
