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The socialmedia company is now reportedly investing $130 million to the effort, Engadget reported. It will have the role of handling such tasks as ensuring tax compliance, administering payroll and reviewing the annual budget of the board. Brown Brothers Harriman Trust Company of Delaware, N.A
Nearly 20 of the companies highlighted in Planet Compliance’s new RegTech Top 100 Power list – and five of the top ten – are Finovate and/or FinDEVr alums. Interestingly, Planet Compliance says it has added a “secret ingredient” to the ranking system. Headquartered in Wilmington, Delaware.
Vice Chancellor Joseph Slights of the Delaware Chancery Court has ruled that there’s a “credible basis” to infer that Facebook may have committed malfeasance in relation to data breaches, and that the socialmedia giant must turn over to shareholders emails and other records about how it handles privacy issues, according to a report by Reuters.
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