News

In the world of Transcendent Group there's a lot going on.

And so in the world of GRC. Here we will share our latest news and press releases.

Read our latest news

If you like to keep up with what's going on in the GRC-world, you're in the right place. We will share the latest trends and news within GRC here.

We have become Advisense, read the latest news here.

Introducing Advisense – uniting the strengths of FCG and Transcendent Group 

October 16, 2023

Download the press release here. In August 2022, FCG and Transcendent Group joined forces with the target to build a market leading governance, risk and...

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The COSO framework for internal control over sustainability reporting

May 17, 2023

GRC Insight – The COSO framework for internal control over sustainability reporting Some key takeaways are: • Cultivate a culture of accountability – it is...

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Rules and regulations by all means, but how does internal audit contribute to a healthier business?

April 11, 2023

Environmental, Social and Governance (ESG) issues illuminate sustainability perspectives of an organisation’s business model, operations and how services and products contribute to a sustainable development....

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Get the Most Out of Your External Quality Assessment (EQA)

March 29, 2023

The Finnish FSA recently published a thematic review regarding Board work in financial institutions. The authority gave several recommendations, for example, regarding risk appetite documentation...

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Do you know how to beat the fraudster?

March 8, 2023

Download GRC Insight – Do you know how to beat the fraudster? Who is in charge of identifying the risks and detect fraud? With limited...

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The virtual war fuelled by dirty money – The symbiotic nature of financial and cyber-crime

March 7, 2023

Transcendent Group and FCG joins the major GRC Conference in the Nordics the 26th–27th of April 2023 to talk about one of the biggest threats...

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Hot Audit Topics for 2023

November 16, 2022

Download GRC Insight – Hot Audit Topics for 2023 A changing environment We are living in a world that is riskier and more uncertain than...

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ISMS challenges, and how you can solve them

November 2, 2022

Download GRC Insight – ISMS challenges, and how you can solve them ISMS challenges, and how you can solve them In this article, we’d like...

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EU-US Privacy Shield 2.0

October 21, 2022

Download GRC Insight – EU-US Privacy Shield 2.0 Is the solution for safe transatlantic transfers here? Similar to when the GDPR was implemented in 2018...

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Regulatory Technical Standard for SFDR

October 17, 2022

Download GRC Insight – Regulatory Technical Standard for SFDR Will the RTS in SFDR be the strong push needed for a more impactful ESG implementation?...

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Transcendent Group and FCG have joined forces

September 29, 2022

We are delighted to announce that FCG and Transcendent Group have joined forces with the target to build a market leading GRC powerhouse in Europe...

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Transcendent Group is entering new strategic partnerships

July 8, 2022

Transcendent Group invests time and effort in scanning the landscape of the best-practice solutions and services to complement its experienced consultants when bringing value to...

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The Transparency Act is coming

June 10, 2022

Download GRC insight – Norwegian Transparency Act Who is affected by the law? The very first thing all companies in Norway should do is to...

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Corporate Sustainability and Due Diligence

March 6, 2022

Download GRC insight – Corporate Sustainability Due Diligence Soon, certain companies will also be required to include sustainability in due diligence process and supply chain...

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ESG takes effect in the ORSA process

November 11, 2021

Download GRC insight – ESG in insurance sector Climate change will affect us all, if not already done so. The detrimental impact of global warming...

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Data breaches

November 2, 2021

GRC insight – Data breach

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Vipps – Identity and access management

October 13, 2021

GRC insight – Vipps and IAM Modernization with Azure Identity Governance (AIG) Together with Vipps we created the IAM strategy with the following high-level goals:...

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ECB Expectations on climate risk management

October 5, 2021

GRC insight –  ECB Expectations on climate risk management

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ESMA guidelines on the compliance function

September 7, 2021

GRC insight – ESMA guidelines on the compliance function

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Whistleblowing end-to-end solution in collaboration with Whistlelink

August 26, 2021

With our expertise in GRC and Whistlelink’s digital solution, we create an end-to-end product to ensure that our clients have a modern and simple whistleblowing...

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ESG Regulation in the insurance industry

March 11, 2021

GRC insight – ESG Regulation in the insurance industry

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Revised EBA Guidelines on money laundering and terrorist financing risk factors

March 10, 2021

GRC insight – Revised EBA guidelines on ML and TF

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Transcendent Group Norway in framework agreement with Statens vegvesen

December 18, 2020

“The pandemic has, in many ways, accelerated digitalisation, leading to new needs and increased risks. An organisation’s credibility is highly dependent on how well it...

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Interim report for January-September 2020

November 19, 2020

Improved underlying margin despite challenging market conditions Third quarter 2020 (third quarter 2019) Total revenue amounted to SEK 38.5 million (40,4), a decrease of 4,8...

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Transcendent Group subsidiary RegTech enters Lithuania

November 12, 2020

Transcendent Group, the Governance, Risk and Compliance experts, has announced that it has signed its first non-Swedish client within its subsidiary RegTech where it provides...

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Transcendent Group to close its German business

September 30, 2020

Transcendent Group has decided to close its business in Germany due to low demand and limited possibilities to achieve profitability. By closing the business, the...

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Charlotte Elsnitz new CFO of Transcendent Group

September 17, 2020

Transcendent Group has recruited Charlotte Elsnitz as new CFO. Her most recent role was Head of Baltic Banking at Swedbank, where she also was a...

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Transcendent Group is once again announced as one of Europe’s best workplaces

September 10, 2020

Transcendent Group has once again been appointed as one of Europe’s best workplaces in the Great Place To Work yearly rankings. This is the third...

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Interim report for January-June 2020

August 20, 2020

Active governance and risk reduction limit the effects from Covid-19 Second quarter 2020 (second quarter 2019) Total revenue amounted to SEK 49.5 million (50.5), a...

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Transcendent Group is Norway’s fourth best workplace

May 27, 2020

Transcendent Group has in Great Place to Work’s annual top list for the second consecutive year been ranked as Norway’s fourth best place to work...

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Bulletin from Transcendent Group’s Annual General Meeting

May 26, 2020

On 26 May 2020, Transcendent Group AB (publ) held its Annual General Meeting. Below follows a summary of resolutions taken at the Annual General Meeting....

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Quarterly report for January-March 2020

May 19, 2020

Revenue growth despite challenging macro environment First quarter 2020 (first quarter 2019) Total revenue amounted to SEK 51.1 million (46.9), a growth of 8.8 percent...

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Transcendent Group’s CFO to leave the company

May 18, 2020

Transcendent Group’s CFO Susanne Lindqvist has today announced that she has decided to leave the company. Her last working day will be 31 August 2020....

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Correction regarding record date for the Annual General Meeting of Transcendent Group AB (publ)

April 28, 2020

Correction regarding record date for the Annual General Meeting of Transcendent Group AB (publ) In the Notice to the Annual General Meeting of Transcendent Group...

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Transcendent Group’s annual report for 2019 published

April 27, 2020

Transcendent Group’s annual report has been published and is available on the company’s website at https://transcendentgroup.com/investor-relations/ For more information, contact: Martin Malm, CEO Transcendent Group...

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Notice of Annual General Meeting in Transcendent Group AB (publ)

April 23, 2020

This is an unofficial translation of the Swedish notice. In case of any discrepancies between the Swedish notice and this English translation, the Swedish notice...

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Governance, Risk & Compliance automation

March 27, 2020

Many companies have an increased cost of Risk & Compliance activities as requirements from regulators and society in general has exploded. No company wants to...

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Third Party Risk Management

March 27, 2020

New guidelines The compliance requirements to outsourced activity are continuously being strengthen. We have during the last months seen both EBA (European Banking Authority) and...

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Increase your Compliance Culture by implementing a real effective Compliance Training Program

March 27, 2020

Compliance Functions spends 7 % of their time on Compliance Training (source; Danish FSA about risk- and compliance in midsize and large banks[1]). For many...

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Corporate Monitorships – measures in the fight against money laundering.

March 27, 2020

Corporate Monitor (or its synonyms – skilled  persons, independent investigators,  compliance  accountants, etc.,) is not a new concept in the fight against money laundering (hereinafter...

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Coronavirus pandemic: what can the CRO do right now?

March 24, 2020

Short term: helping Management to assess the risks The second line of defense, in both Risk and Compliance functions, is already familiar with the usual...

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Transcendent Group takes measures to address increased uncertainty from covid-19

March 19, 2020

Transcendent Group, present in 8 European markets, is affected by the decisions taken by the respective governments and authorities with the purpose of limiting the...

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Year-end report for January-December 2019

February 20, 2020

Fourth quarter 2019 (fourth quarter 2018) Total revenue amounted to SEK 57.9 million (52.8), a growth of 9.7 percent compared to the corresponding period last...

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Transcendent Group celebrates one year in the Netherlands

February 5, 2020

When Remon Houweling started in February 2019, he started alone with a great ambition and vision for a value-driven consulting company. Today, only one year...

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Main shareholders appoint a committee ahead of the AGM 2020

January 23, 2020

During 2019, Transcendent Group has not had a Nomination committee formally appointed by the Annual General Meeting. This means that the code’s principles are not...

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Repurchase of shares in subsidiary by Transcendent Group

December 6, 2019

In connection with Christina Falk, previous CEO of the subsidiary Transcendent Group Väst AB until August 2019, terminating her employment with Transcendent Group, a shareholding...

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Transcendent Group’s interim CEO for RegTech appointed permanent CEO of the subsidiary

December 6, 2019

”I am glad that Magnus, who has made an impressive impression among the management team in the role as interim CEO, now will become permanent...

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Correction: Interim report January-September 2019

November 20, 2019

Third quarter 2019 (third quarter 2018) Net sales amounted to SEK 40.4 million (32.7), equivalent to a growth of 23.6 percent compared to the corresponding...

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Interim report January-September 2019

November 20, 2019

Third quarter 2019 (third quarter 2018) Net sales amounted to SEK 40.4 million (32.7), equivalent to a growth of 23.6 percent compared to the corresponding...

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Transcendent Group launches a new service within RegTech

October 31, 2019

RFA is a digital service where the internal regulatory framework can be developed, decided on, administrated and updated. ”In practice, RFA means that our customers...

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Transcendent Group’s offering was substantially oversubscribed – trading in the share on Nasdaq First North Premier Growth Market commences on Tuesday, October 22.

October 16, 2019

Offering Summary The price per share in the Offering was SEK 31, corresponding to a total market value of the Company’s shares of approximately SEK...

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Cyber Security Month – Top 3 easy tips on how to become more secure at home

October 16, 2019

There are many things to recommend within the area, but I want to focus on some practical tips on how you can become more secure...

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Transcendent Group strengthens focus on digitalization by appointing a CEO for RegTech

October 10, 2019

During 2019, Transcendent Group launched the subsidiary RegTech (Regulatory Technology) with the objective to fill an empty space in the market by developing and supplying...

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Ready to unwrap the EU Banking Package?

October 1, 2019

Based on drafts by the EU Commission from 2016, EU authorities have now agreed on and published final versions of the framework for capital requirements...

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Role and expectations for compliance are on the move

September 30, 2019

The whistleblower directive the European Parliament has accepted earlier this year is an illustrative example of this: an EU-wide obligation for companies to enable safe...

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Transcendent Group AB (publ) announces offering of shares and publishes prospectus in connection with Nasdaq First North Premier Growth Market listing

September 30, 2019

The Offering will be conducted at a fixed price of SEK 31 per share, corresponding to a pre-money valuation of approximately SEK 170 million. The...

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Transcendent Group AB (publ) intends to list on Nasdaq First North Premier Growth Market

September 25, 2019

A potential offer will be implemented at a price of SEK 31 per share, corresponding to a pre-money valuation of approximately SEK 170 million. A...

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California Dreaming? – Are European Companies Subject to the California Consumer Privacy Act?

September 10, 2019

Just over one year ago, the Governor of California signed into law the California Consumer Privacy Act (CCPA), the most comprehensive and restrictive privacy law...

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News flash – The Swedish Data Protection Authority issues its first GDPR monetary administrative sanction

August 21, 2019

The Swedish Data Protection Authority issues its first GDPR monetary administrative sanction. The use of a facial recognition technology (a limited trail program conducted at...

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How internal auditors can use robots and automation in their everyday work

August 19, 2019

Processes that are suitable to automate are; routine, manual, processes where it’s easy to make mistakes, and those that are based on rules (meaning that...

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Myths on the extraterritorial scope of the GDPR

August 14, 2019

What is ‘extraterritorial scope’? It means that the GDPR can potentially apply to organisations that have no physical establishment in the EU, but in a...

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Accountability and compliance culture – the role of Compliance and Internal Audit

July 2, 2019

A growing number of consumers require accountable, responsible and compliant companies that have the interests of their customers in mind and are committed to continuous...

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GDPR – and what it means for the UAE

July 2, 2019

GDPR – What is it? GDPR is simply the abbreviation of a new set of EU rules on personal data protection known as the General...

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Some nerdy legalese and some philosophy regarding AI

June 18, 2019

The incentives for spending all these resources on AI to be ahead in the technological race are many; more efficient work, smart and cost effective,...

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GRC of the future

May 22, 2019

For many businesses, digitization facilitates increased value creation and innovation in addition to renewed, simplified and automated business processes. GRC is an important building block...

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Good governance enables digitization

May 22, 2019

Strategy and innovation Companies that are good at digital management are characterized by having a digital strategy in place that is linked to the company’s...

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Threat landscape in Cyber Security 2019

May 2, 2019

Follow the money Cyber criminals main objective is to make money, while declining BitCoin price, crypto mining and ransomwares are still the main purpose by...

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The fine art of decision-making

April 23, 2019

Making a decision is the process of accumulating information, which is interpreted based on knowledge, previous experiences and sometimes even bias or personal gain. The...

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The three steps of cyber risk management improvement

March 4, 2019

What is the greatest risk, a medium or a medium? If you search for best practices in cyber risk management you almost always end up...

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Enhancing GRC with intelligence

January 9, 2019

Shaun’s article in SIRK 1/2018 “Why gather intelligence?” illustrated the distinction between intelligence and information and how to deal with the information acquired. This article...

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Documentation is key to IDD-compliant inducements

December 19, 2018

The investment services branch has during the last years been target of attention for the EU legislator especially focusing in retail market and protection of...

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Who is responsible for compliance with GDPR, PSD2 and AML?

December 12, 2018

For many of us who work in the finance industry, GDPR [1], AML / CFT [2] and PSD2 [3] are examples of buzz words that...

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How to be successful with your digital transformation

December 10, 2018

Norway is well-established as a nation: we have a highly educated population, good and stable economy, flat structures in society, access to world-class technology, and...

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It is you who trains the robots

December 10, 2018

Security and privacy professionals have long been aware that the information we uncritically share is valuable. If you do not you pay for a service,...

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Why gather intelligence?

December 5, 2018

In this article, I will examine more closely what we mean by intelligence and how that differs from information. I will also address how to...

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Auditing Information Security Governance

November 29, 2018

To have a well-functioning information security management and governance is key in today’s businesses. Regulatory requirements as well as requirements from the society and customers...

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Artificial Intelligence and its impact on Cyber Security in the Financial Industry

September 27, 2018

The Benefits of AI The application areas have expanded from business intelligence to customer support (service and decision making), and from fraud detection to customer...

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DEFCON and social engineering

September 25, 2018

This year was DEF CON’s 26th year – the world’s biggest security and hacking conference which is held annually in the warm Las Vegas. There...

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Independence of the Data Protection Officer

September 24, 2018

May 25th has come and gone and with it the deadline for GDPR and the employment of a Data Protection Officer for the companies which...

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Digital Development – Consequences for Internal Audit

September 20, 2018

The digitization affects us all and leads to more and more dependence on automated processes and systems for both private and public entities. The development...

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How the Insurance Distribution Directive (EU) 2016/97, IDD, affects the actors in the Finnish insurance market

August 27, 2018

On Tuesday 10th of April the Finnish Parliament passed the national law on insurance distribution that will come into force in November 2018 according to...

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6 ways to fail your GDPR audit

August 15, 2018

So, you have spent hours and hours and possibly a big sum of money to ensure compliance with the much feared GDPR. You probably also...

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IORP II

July 5, 2018

Press here to read more about IORP II in the Norwegian article written by Hege Markussen. 

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IDD, the MiFID for insurance products!

July 5, 2018

One of the main purposes of the Directive is to strengthen the consumer protection by introducing a common framework for the provision and sale of...

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Getting it right

June 19, 2018

To implement a new regulation, be it GDPR, an AML-directive or PSD2, often imposes great challenges for every larger organization. The answer to “what?” is...

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Long-term incentive program

June 12, 2018

Until today, the ownership of the company has been focused on a smaller group of employees who has shown great dedication and commitment. The long-term...

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Clear Structure – Clarity for a GRC Tech Journey

May 30, 2018

One way to manage Governance, Risk and Compliance (GRC) is to select and implement an appropriate GRC system. In Transcendent Group I was leading a...

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Do you play Russian roulette with your Company’s integrity?

May 21, 2018

Let’s first look at what went wrong. The Danish Financial Supervisory Authority (“FSA”) have done their assessment in the decision of 3 May 2018. FSA’s decision...

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GDPR – Using Internal Audit as a “Early Warning System”

March 27, 2018

It is the role of internal audit to provide assurance to the Board and management. Assurance that the organization is reaching its objectives by an...

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