FinTech

US CFTC and UK FCA Sign Arrangement to Collaborate on FinTech Innovation

The US Commodity Futures Trading Commission (CFTC) and the UK’s Financial Conduct Authority (FCA) have today signed an arrangement that commits the regulators to collaborating and supporting innovative firms through each other’s financial technology (FinTech) initiatives. As this fast-developing industry is in need of support and guardrails from regulators, we are thrilled to read about this collaboration, and will be …

Davos 2018 learnings

Davos: What Goes On Beyond the Widely Broadcast Keynotes

As the world eagerly followed the outcome of talks at this year’s World Economic Forum, hosted annually in the Swiss ski resort of Davos, questions around the purpose of gathering 3000 of the most prominent chief executives and heads of state in this remote village naturally arise. The role of Davos divides opinion, yet few have an insight into the …

Kitty Parry SMC

Founder and CEO Kitty Parry Featured on CBS News

The sheer number of selfies taken worldwide each day —  93 million* — means there is bound to be sensitive information in some of the shots. Our founder and CEO Kitty Parry was featured on CBS to discuss the implications of social media use for employees of regulated organisations, and the affects that social media posts have for the cybersecurity …

Why So Many Chief Compliance and Security Officials Can Learn from the Hawaii False Missile Alert

As the world watched the chaos unfold last week after the Hawaiian officials’  false missile alert blunder, the response was one of incredulity. Another, far less shocking, mistake by Hawaiian Emergency Management Officials could have had far greater consequences, and should be a lesson to all organisations. Forgetting to remove passwords attached to computers on post-it notes, whilst being interviewed …

SMC social media compliance

Social Media Compliance Announces Expansion to U.S. Markets

This press release was recently distributed, announcing our expansion into the US marketplace.  Social Media Compliance, Inc., a leading enterprise-level personal image recognition provider for corporate IP surveillance and safety, announced today the company will be expanding operations to the U.S. markets on the heels of successful pilot programs in Europe and London. Social Media Compliance plans to enables large …

MiFIID II Regulations

Three Weeks and Counting to MiFID II

Ringing in the New Year, this 2018 come EU regulatory reforms set to transform Europe’s financial industry. After seven years in the making, MiFID II will come into force from the 3rd of January. It is a revision of current MiFID regulations, with updated rules in line with technological developments, strengthened investor protection, as well as enforcing greater transparency for …

digital compliance

The One Thing Missed at the FinTech World Forum

Why data compliance risks posed by social media cannot be ignored Looking over the agenda of the much anticipated FinTech World Forum, the omission of one particular area covered in the media with increasing frequency is glaring. With the current omnipresence of social media, as well as ever more stringent regulation imposed on the financial services industry, the data compliance …