Technology advancements and hurdles in banking relationship management in 2024

In 2024, the banking sector is witnessing a dramatic transformation as relationship managers evolve into strategic advisors, powered by AI and data analytics to enhance client engagement. This blog explores the intersection of technological innovation in banking, the economic and regulatory challenges faced, and the dynamic role of relationship management in driving customer-centric growth.

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InnovationStephen Pomfret
Beyond compliance: UK’s FRC calls for deeper insight in corporate governance reporting

The FRC has published its 2023 Annual Review of Corporate Governance Reporting which highlights a need for UK companies to enhance their corporate governance reporting, particularly in risk management and internal controls. Despite notable strides in transparency, many firms still fall short of providing the clear, detailed disclosures stakeholders expect.

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GovernanceStephen Pomfret
FBAR compliance: A company's quick guide

What does FBAR compliance mean for business organizations in the US? Find the answer in this quick guide, which provides a comprehensive overview of the key regulatory requirements, the risks of non-compliance, common reporting mistakes, and the role of authorized signatories in maintaining financial transparency and adhering to regulatory standards.

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RegulationStephen Pomfret
Authorised signatory mandates across the globe: A compliance roadmap

As the digital frontier expands, the need for rigorous oversight of who has the authority to sign off on corporate actions has never been more critical. From the GDPR's strict personal data handling in Europe to the Sarbanes-Oxley Act's demand for financial integrity in the US, and Hong Kong's new SFC rules, this article ventures into the complex world of authorised signatory mandates that form the backbone of global business governance and trust.

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RegulationStephen Pomfret
The Electronic Trade Documents Act (ETDA) enacted: What’s next

On 20th September 2023, the UK embarked on a transformative journey in the realm of trade with the enactment of the Electronic Trade Documents Act. This groundbreaking legislation has given digital trade documents, such as bills of lading (BLs), the same legal standing as their traditional paper counterparts. But as we stand at this pivotal moment, the question arises: What's next?

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Cygnetise wins the “Wildcard” award at the inaugural “Fintech Innovation Challenge” by Digital Isle of Man

Cygnetise is among the 3 winners of Digital Isle of Man’s first “Fintech Innovation Challenge”.  In June 2023, Digital Isle of Man hosted the first edition of their Fintech Innovation Challenge. A cohort of 14 fintechs from across the world including Cygnetise presented their innovative solutions to the Isle of Man's growing fintech community and an esteemed panel of judges. 

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NewsStephen Pomfret