Latest news with #regulatorycompliance
Yahoo
3 days ago
- Business
- Yahoo
Most employers worldwide feel unprepared for pay transparency laws
This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter. In a global survey, only 19% of organizations said they're ready for mandated pay transparency, with another 58% saying they're 'getting ready' for new laws, according to a July 10 report from Aon plc. Across North America, 25% said they're ready, while 59% said they're preparing. Only 16% said they're 'not ready,' improving slightly from 18% in 2024. 'Pay transparency is no longer a buzzword. It's a baseline expectation from employees and a regulatory imperative across an increasing number of jurisdictions,' Lisa Stevens, chief administrative officer at Aon, said in a news release. 'Yet our data shows a concerning lack of progress. Organizations that fail to act face risks not only in compliance, but in their ability to attract, retain and engage talent.' In the survey of more than 1,400 organizations across more than 40 countries, 71% said their state of readiness has improved during the past 12 months. At the same time, 60% said they implement pay transparency requirements based on geography, targeting efforts to where pay transparency is legally required. Most companies pointed to 'regulatory compliance' as their top motivator for transparency, which outpaced other factors by 40%. After that, employers said they wanted to improve the employee value proposition or align with corporate values. To that end, only 26% said they've conducted a pay equity analysis during the past 12-18 months, which suggests most companies continue to prioritize compliance over equity-focused action, Aon said. Beyond that, 69% said they publish salary bands during recruitment, but only 21% do so for all job postings, which may also indicate a compliance-driven approach, the firm noted. Aon advised employers to shift from tactical compliance to strategic action, especially with the EU Pay Transparency Directive scheduled to take effect in 2026. Only 30% of employers reported having a communication strategy for pay transparency, including manager training and communication plans from managers to their teams. In the U.S., fewer than 1 in 5 companies have a pay transparency strategy in place, according to a Mercer report. Despite that, 63% said they plan to share pay information internally and externally in a standardized way, and 56% said employees should have the same access to compensation data. As pay transparency regulations expand, companies have expressed concerns about adapting their practices, investing in pay equity and preparing for complex pay transparency requirements, according to a Syndio report. HR leaders cited inconsistent pay decisions as a major reason why their organizations seem unprepared. Recommended Reading North American firms are largely transparent on pay — mostly thanks to regulators, WTW finds Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Cloud-Based Solutions Drive Accelerated Growth with ACI, NICE Actimize, Verafin Solutions, and IMTF Leading
The global anti-money laundering (AML) software market is thriving as financial institutions and various sectors intensify efforts to adhere to stringent regulations combating financial crimes. Increasing awareness of financial fraud and the complexity of transactions are boosting demand for sophisticated AML solutions that effectively monitor, detect, and report suspicious activities, ensuring regulatory compliance. This market spans applications like BFSI, healthcare, and government, with a significant shift toward cloud-based solutions enhancing scalability. Key players such as ACI Worldwide and NICE Actimize are leading innovations with AI and machine learning, addressing evolving threats and ensuring robust compliance. Global Anti-Money Laundering Software Market Dublin, July 16, 2025 (GLOBE NEWSWIRE) -- The "Anti-Money Laundering Software Market - A Global and Regional Analysis: With Focus on End User, Component, Deployment, Software Type, and Region - Analysis and Forecast, 2025-2034" report has been added to Laundering Software Market is projected to reach $14.75 billion by 2034 from m$4.1 billion in 2025, growing at a CAGR of 15.29% The anti-money laundering software market is experiencing significant growth as financial institutions, government agencies, and various organizations are increasing their efforts to comply with stricter regulations designed to combat financial crimes, including money laundering and terrorist financing. The rising awareness of financial fraud, along with the growing number of complex financial transactions, is driving demand for advanced anti-money laundering (AML) software solutions. These solutions offer efficient monitoring, detection, and reporting of suspicious activities, ensuring that institutions remain compliant with regulatory requirements while minimizing their risk exposure. The anti-money laundering software market is segmented based on applications, products, components, deployment methods, software types, and geographical regions. The market includes a variety of applications, ranging from IT and telecommunications to healthcare, transportation, and logistics. Financial institutions, particularly within the banking, financial services, and insurance (BFSI) sectors, continue to be the primary drivers of the Anti-Money Laundering Software Market. Additionally, the emergence of cloud-based deployment options is enhancing the scalability and accessibility of AML software solutions, further accelerating the market's expansion. Anti-Money Laundering Software Market Lifecycle Stage The anti-money laundering software market has transitioned from an emerging stage to a rapid-growth phase. Initially driven by regulatory requirements and the need for financial institutions to comply with stringent anti-money laundering laws, the market has expanded significantly due to advancements in technology and increasing sophistication of financial crimes. As the threat of money laundering evolves, organizations are seeking more advanced and automated solutions to detect suspicious activity and ensure compliance. The market is characterized by continuous innovation, with vendors developing solutions that integrate artificial intelligence (AI), machine learning (ML), and data analytics to enhance detection capabilities. Additionally, the growing adoption of cloud-based deployment options has increased accessibility and scalability, further fueling market growth. The anti-money laundering software market is now experiencing greater demand across various sectors, including banking, healthcare, retail, and government, making it a key segment within the broader financial technology landscape. Anti-Money Laundering Software Market Key Players and Competition Synopsis Key players in the Anti-Money Laundering Software Market include leading companies that are actively developing and enhancing their software offerings to address the increasing complexity of money laundering activities. These players focus on the integration of cutting-edge technologies, partnerships, and product innovations to capture market share in a competitive and highly regulated environment. Key players of the market include ACI Worldwide, Inc., NICE Actimize, Verafin Solutions ULC, and IMTF among others. Ongoing competitive dynamics include M&A activity in Asia-Pacific, joint ventures for localized production, and differentiated binder formulations tailored for enhanced thermal, chemical, and mechanical performance. Demand Drivers and LimitationsThe following are the demand drivers for the global anti-money laundering software market: Increasing regulatory compliance requirements across financial and non-financial sectors Rising sophistication of financial crimes necessitating advanced detection and monitoring solutions The global anti-money laundering software market is expected to face some limitations as well due to the following challenges: High implementation and maintenance costs associated with comprehensive AML solutions Complexity in integrating AML software with legacy systems and disparate data sources Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $4.1 Billion Forecasted Market Value (USD) by 2034 $14.75 Billion Compound Annual Growth Rate 15.3% Regions Covered Global Market Dynamics Trends: Current and Future Impact Assessment Stakeholder Analysis Use Case End User and Buying Criteria Market Dynamics Overview Market Drivers Market Restraints Market Opportunities Investment Landscape and R&D Trends Future Outlook and Market Roadmap Competitive Benchmarking & Company Profiles ACI Worldwide, Inc. Eastnets Holding Ltd. Hindustan Composites HyperVerge Technologies Private Limited IMTF LexisNexis Risk Solutions Moody's Corporation NICE Actimize Thomson Reuters Corporation Verafin Solutions ULC Anti-Money Laundering Software Market SegmentationApplication:BFSI is one of the prominent application segments in the global anti-money laundering software market. IT and Telecommunications Healthcare Transportation and Logistics BFSI Defense and Government Retail Energy and Utilities Others Component:The global anti-money laundering software market is estimated to be led by the software segment under component in terms of product. Software Service Deployment: Cloud-Based On-Premise Software Type KYCC/CDD and Sanction Screening Transaction Screening Case Management and Reporting Region: North America, particularly the U.S., is expected to lead the anti-money laundering software market. North America - U.S., Canada, and Mexico Europe - Germany, France, Italy, Spain, U.K., and Rest-of-Europe Asia-Pacific - China, Japan, South Korea, India, and Rest-of-Asia-Pacific Rest-of-the-World - South America and Middle East and Africa For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Global Anti-Money Laundering Software Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Forbes
4 days ago
- Business
- Forbes
How Fintech Founders Can Sharpen Their Pitches
Paul Davis, Founder, Bank Slate. If you're building a fintech company and hoping to partner with banks, you've probably been instructed to 'tell a great story.' You've also likely been told to highlight your regulatory compliance, technical chops or product vision. The truth is that neither approach will succeed in isolation. That's a key lesson I have gleaned from conversations with bankers, investors and fintech founders. These discussions—paired with years of consulting for banks and fintechs—have reinforced a few critical learnings I believe every founder should take to heart. Balance storytelling with substance. Yes, a compelling narrative matters. Banks want to know your 'why.' But, too often, founders lean so heavily into the vision that they forget to ground it in reality. A pitch without substance might grab attention, but it rarely leads to a deal. On the flip side, I've seen technical pitches—heavy with regulatory compliance, architecture and acronyms—fall flat because there's no clear narrative arc explaining why it all matters. The best pitches marry 'why this matters' with 'how this works.' Founders who can weave both elements into their outreach and meetings stand a far better chance of moving from conversation to contract. Don't just hear 'no'—learn from it. Let's be clear: Founders are going to hear 'no' a lot. It's part of the process. But the founders who learn from the 'no' tend to be the ones who make progress and grow fastest. When a banker or venture capitalist declines to move forward, try to understand why. Was it about timing? A misalignment in the budget? An unclear fit with strategic priorities? Smart founders treat rejection not as a dead end, but as market feedback. Every 'no' is a breadcrumb that can refine your product, pricing and positioning—or all three. Check your ego at the door. In my consulting work, I often see founders fall in love with a solution that's clever and elegant, but it isn't what banks are prioritizing. Bankers are hyper-focused on four areas: net new deposits, noninterest income, back-office efficiency and fraud prevention. Founders who can directly align their pitch with these priorities are much more likely, in my experience, to earn a second meeting and a contract. That sometimes means letting go of the original idea—or at least reconfiguring it. The goal isn't to force banks to see your product your way. It's to frame your solution in terms of their urgent needs. Less ego. More empathy. Map the org, not just the opportunity. One of the most tactical and actionable suggestions I have heard involved leaning into network maps—a strategy I've since started recommending regularly to clients. A network map is a visual or conceptual diagram that illustrates the relationships, roles and influence dynamics within a specific group. Address key questions about your relationships. Who are the key players? How are decisions made? Who are the influencers? What bottlenecks exist? When selling to a bank, you're not just selling to a single stakeholder. You're selling to a system. That means identifying your internal champions, understanding who controls the budget and knowing who needs convincing. Most importantly, it involves preparing for what happens if your contact leaves, changes roles or loses internal influence. Founders who track these dynamics early on build resilience into their sales process and avoid starting from scratch when internal dynamics shift. As the fintech landscape matures, the bar for effective bank partnerships continues to rise. Founders need more than a novel idea—they need a pitch that resonates with institutional pain points, aligns with buying dynamics and survives the internal politics of a risk-averse industry. That balance of vision and execution is where the most meaningful partnerships begin. Forbes Finance Council is an invitation-only organization for executives in successful accounting, financial planning and wealth management firms. Do I qualify?
Yahoo
5 days ago
- Business
- Yahoo
Karston King Joins Alliant Insurance Services' Employee Benefits Team in Utah
Seasoned consultant has broad industry experience and expertise in funding strategies, regulatory compliance, and technology IRVINE, Calif., July 14, 2025--(BUSINESS WIRE)--Alliant Insurance Services continues to add top-tier talent to its Employee Benefits team, hiring Karston King as Vice President. Based in Utah, King has experience consulting with organizations of all sizes, ranging from early-stage startups to large national employers. "Karston helps his diverse client base navigate their benefits strategies with precision and insight," said Kevin Overbey, President, Alliant Employee Benefits. "His deep knowledge of funding structures, regulatory compliance, and HR technology enables him to deliver customized, cost-effective solutions that align with business needs." King is proficient in fully insured, level-funded, and self-funded plan design and compliance. He also leverages his expertise in HRIS and benefits administration platforms to help streamline operations and improve employee engagement. His approach combines regulatory insight with strategic planning to drive cost savings and support wellness program success. Prior to joining Alliant, King served as an insurance broker with a Utah-based employee benefits consulting firm specializing in group benefits. During this time, he gained targeted industry experience within the oil and gas, technology, and manufacturing sectors. King earned his bachelor's degree in business management from Brigham Young University, Provo, Utah. About Alliant Insurance Services Alliant Insurance Services marks a century of success as the nation's leading specialty broker. We operate through a network of specialized national platforms and local offices to offer our clients a comprehensive portfolio of risk solutions built on innovative thinking and personal service. The business of managing risk is complex, and Alliant meets this complexity head-on with creativity and agility. Alliant has changed the way our clients approach risk management and benefits, giving them complete access to our resources and expertise—regardless of where the resource is located—to capitalize on new opportunities to grow and protect their organizations and their people. Alliant is recognized as a leading destination for top-tier brokerage talent in the U.S., attracting brokers and specialists across a diverse spectrum of disciplines who are eager to advance their careers. With the advantage of being majority employee-owned, professionals choose Alliant for autonomy, unparalleled resources, and a unique equity ownership opportunity. As a testament to our commitment to excellence, Alliant maintains an impressive 99% producer retention rate and has earned Forbes' prestigious title of one of America's Best Large Employers. Visit us at View source version on Contacts Nick KopingaFirst Vice PresidentCorporate Marketing and Communications(949) 260-5004nkopinga@
Argaam
5 days ago
- Business
- Argaam
Tharwah cancels 200,000 share buyback plan, recommends 10% capital hike
Altharwah Albashariyyah Co.'s (Tharwah) board of directors decided to cancel a previous recommendation to buy back 200,000 shares, or 4.25% of the company's capital, to retain as treasury shares, according to a Tadawul statement. The decision was due to circumstances related to the recommendation and as part of the company's commitment to comply with the applicable regulatory requirements. In a separate statement, the company said the board recommended increasing capital by 10% from SAR 23.53 million to SAR 25.88 million. The capital increase will be financed from the issue premium balance of SAR 37.44 million, as per 2024 financial statements.
