Salt Communications’ Post

🚨 Insights from our CEO Joe Boyle on the latest SEC action: With Wall Street facing $392 million in fines due to WhatsApp communication breaches, Joe shares his perspective on the regulatory landscape and the critical next steps for firms to stay compliant. Read more on this story from The Fintech Times ⬇ https://lnkd.in/ew9YYZHZ #Fintech #Compliance #SecureCommunications #Regulation #WhatsAppFines #WhatsApp Thomas Bleach

Since the SEC began cracking down on banks for using non-compliant, insecure messaging apps, fines have skyrocketed to an astonishing over $2 billion since 2021! Don't wait for regulators to come knocking on your door! take control of your business communications today. NetSfere #SecureMessaging #Compliance #NetSfere #BusinessCommunications https://lnkd.in/gYSFSeD8

Have regulated financial institutions in the UK taken Digital Communications Governance & Archiving seriously enough? Are communications with clients over WhatsApp, SMS, iMessage, Telegram, and the like being properly captured, archived, and surveilled? Our research says the answer is mostly no. But it looks like we will find out soon enough. And if can learn anything from the major SEC/CFTC crackdown across the pond, the investigation will yield massive settlements/fines, followed by a whole wave of self-reported non-compliance, and an accelerated effort to adopt better norms, more efficient internal enforcement, and a mad dash to close the gap with the best tech solutions for DCGA. https://lnkd.in/e5M8D5Dt

The APP fraud reimbursement rules are on the horizon, set to launch this October. It's time for firms to gear up and ensure they're fully prepared to navigate these new regulations. Let's dive in and explore! Here's a blog post summarising 🚀The key regulatory changes the firms should be aware of 🚀 Who is in scope of these regulations 🚀What is the 'Stop the clock' provision 🚀 What is the standard of Caution and 🚀 Controls that firms should think of implementing. https://lnkd.in/efHh5R8E

Struggling to keep up with financial regulations? Learn how FINTECH can transform your compliance game! Gain real-time updates, expert SEC compliance guidance, and robust data privacy solutions. Now, tell us: Have you experienced the headache of compliance firsthand? Share your story in the comments! #Fintech #RegulatoryCompliance #SEC #DataPrivacy #FinanceTech #ComplianceSolutions #FinancialRegulations #ExpertGuidance #StayCompliant #NavigateWithEase

Gain real-time updates, expert SEC compliance guidance, and robust data privacy solutions. Now, tell us: Have you experienced the headache of compliance firsthand? Share your story in the comments! #Fintech #RegulatoryCompliance #SEC #DataPrivacy #FinanceTech #ComplianceSolutions #FinancialRegulations #ExpertGuidance #StayCompliant #NavigateWithEase

So recommend this...Some very interesting insights..... Government agencies and law enforcement bodies are looking to combine the latest technology with digital data to combat fraud. During a Global Government Fintech webinar, experts explored the obstacles and opportunities they face.

Wall Street has been hit with fines for using WhatsApp & other off-channel communications! Our Banking+ article reviews SEC's recordkeeping concerns & explores compliant communication solutions for financial firms. Continue reading about the SEC fines against Wall Street Firms for off-channel communication: https://lnkd.in/e_dimU2q #WallStreet #WhatsApp #BankingNews #SEC #FinancialNews #BankingPlus

This is why the #RestoreTrust initiative to fight unwanted/fraudulent communications, spearheaded by i3Forum , is so relevant and important. We are fostering global engagement and collaboration between One Consortium for the industry and #GIRAF, the global regulatory forum, and other key stakeholders such as policy makers, law enforcement, the payment & banking industries