Banks, investments and financial services are not known to be bastions of transparency — not to the general public, and, as the last financial crisis laid bare, sometimes not even to the people who operate within them. This was a fact known all too well by Andrew Hedley. Working in the area of risk at […]
Sedric monitors the communications of employees at financial institutions to ensure compliance
For financial institutions, complying with regulations is becoming a costlier proposition. According to a recent poll, 76% of financial services firms increased their compliance expenditure from 2022 to 2023, with most blaming new laws. With the cost of compliance averaging out to around $ 10,000 per employee these days, many firms are searching for ways […]
Accion’s new $152.5M fund will back financial institutions serving small businesses globally
Accion, a global nonprofit, announced on Tuesday the launch of the Accion Digital Transformation Fund, a $ 152.5 million fund for large financial institutions, including microfinance serving small businesses currently excluded from the world’s financial system. The firm said in a statement that it will provide growth capital and strategic support to these companies for […]