Companies

Acin, an operational risk control data network, has closed $24m in a Series B funding round backed by a flurry of multinational banks.

Opensee, a platform that helps business users at financial institutions analyse granular data in real-time, has scored €11m in a Series A.

Fennel Financials, a firm that has launched an ESG platform that offers retail investors access to tools to engage with firms, has tapped Eventus for its Validus platform.

RegTech firm TAINA Technology has successfully raised a round of funding with key backers including HSBC and Deutsche Bank.

While ensuring strong KYC practices for companies has been a cornerstone of industry for many years now, the arrival of pKYC is changing the game. What is the difference between the two?

Social media network TikTok has been hit by two lawsuits from the US state of Indiana, accusing the app of making false claims around its safety for children.  

The European Banking Authority (EBA) has published its roadmap outlining its objectives and timeline for delivering mandates and tasks in sustainable finance and ESG risks.

The evolving financial landscape calls for a more efficient approach towards regulatory compliance. Amid increasing regulatory burdens and the dynamic nature of regulations, the focus on compliance has heightened, thus fuelling the growth of the regulatory compliance industry. Despite this, the lack of standardised terminology around common concepts, such as "regulatory mapping", remains a key concern.

UK RegTech Aveni has revealed that Aveni Detect has been made available on the Genesys AppFoundry marketplace.

Regnology has been selected by the Bank of Lithuania (BoL) for its supervisory technology solution.