29 December 2020, 10:49
29 December 2020, 10:49
It certainly flew by at a shocking pace and barely felt like a year. As no-one beyond the most apocalyptically-minded among us forecasted a global pandemic to this extent.
For most people, both in their personal life and in business, it was a year with lots of challenges and chances to work on unexpected areas of growth, be that commercial, or self-growth.
In reflection, DX has grown well in this challenging year. The team has expanded and the growing number of clients which DX supports has continued to grow.
We are of course privileged to be in an industry that increased in importance this year, and which for a wide number of reasons rose in the priority of the entire market.
One of the most important topics during the early days of the pandemic? Broadband speed. While we are of course all eager to spend more time with the team, in-person in 2021, we imagine that remote working will continue to feature in our lives in 2021 to a great extent than it did previously. Nevertheless, it is our vision for the future and our dedication to our mission that are driving business growth more than anything else.
Our participation in the competitive DIFC’s FinTech Hive programme, was a fantastic experience. We were incredibly privileged, being able to meet a wide range of people and grow both personally and professionally.
This marked the beginning of a range of fantastic projects and partnerships. Our presence in the UAE, within the DIFC and the ADGM, has kicked off to an amazing start.
The past 12 months have seen the team at DX Compliance grow by over 300%. With strong growth in our R&D related teams, with a strong focus, as always, on Frontier Technologies and a world-class user experience. We have also had fantastic additions to both our advisory team and steering committee.
The holiday period often provides a well-deserved break, and with it, extra time for reflection. RegTech solutions such as our own have never been in such great demand as today. Fuelled by a move to work from home a need to be leaner than before and by larger than before shareholder pressures on large banks and FinTechs alike to ensure that they are compliant and will not expose shareholders to risks through not adhering to their basic regulatory requirements. In AML terms, 2020 has been the year of the ‘W’ – from Westpac to Wirecard.
It comes as no surprise to anyone that 2020 saw a massive shift to remote working and working from home. As and when appropriate and allowed, our team elected to work from the office on occasion to be able to see one another (socially distanced of course). This worked well, providing a welcome respite for many who were eager to see colleagues and friends.
Most of the team are now on a break, think of this as less of a holiday and more of a short hibernation, designed for everyone to be able to start the New Year on 110%. DX has a lot of exciting plans and announcements in the pipeline for 2021, many of which are coming up in Q1. We have achieved some important milestones in 2020, but this pales in comparison to the roadmap for 2021.
An overview of recent AML developments in the UAE.Get access
The introduction of 6AMLD regulations aims to reduce financial crimes.Get access
27.07.2021 AML Compliance
Uncovering the PEP and Sanctions Lists and Global RegulationGet access