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 to […] © 2024 TechCrunch. All rights reserved. For personal use only.

Sep 5, 2024 - 14:05

0 7

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 to […]