Regulation and compliance

News on regulations and compliance requirements driving developments in software quality engineering at financial firms.

Tommy Nicholas, CEO of NYC-based Alloy

Alloy launches embedded compliance risk platform for banks and fintechs

Banks have insufficient oversight over whether fintech partners adhere to compliance requirements...
John Wallace, chief insurance officer at Vouch

Vouch jumps on AI insurance bandwagon as startup scene swells

The product is targeting AI startups, Vouch's chief insurance officer John Wallace told QA Financial...
Charlotte Clark, ABI’s director of regulation

Industry group ABI warns insurers to ‘be in control’ when integrating AI

ABI's Charlotte Clark said more and more UK insurers are integrating AI tools and features...
NYC-based Craig Costigan, since 2018 the CEO of NICE Actimize

NICE Actimize launches AI tools to boost financial crime reporting efforts

The firm told QA Financial it launched new tools aimed at streamlining reporting processes...
(Source: ESCO)

‘Two step approach’ for DORA as EU unveils details on critical providers and fees

New rules specify what 'critical' providers are and give ESA the power to issue fines...
Owlin's office in Amsterdam. The company was launched in 2012

Holland’s Owlin turns to AI tech to simplify banks’ due diligence processes

Owlin's Stefan Peekel told QA Financial the new platform leverage AI to provide risk insights...
Elizabeth McCaul, a member of the ECB supervisory board

ECB uses AI to supervise banks, top official acknowledges

Elizabeth McCaul's comments come as the EU's legal DORA framework is gaining momentum...
Steve Rackham, CTO for Financial Services at NetApp

DORA requires ‘cultural change’ in financial services, NetApp CTO warns

The European Banking Authority has yet to publish final technical specifications for DORA...