Deal Updates

A report by LexisNexis Risk Solutions highlights the key role of FinTech in shaping the landscape of digital fraud attacks globally, with a particular focus on the UK.

Know Your Business (KYB) and Anti-Money Laundering (AML) are critical parts of the compliance ecosystem, but how aligned are they? FullCircl, a SaaS platform renowned for eliminating regulatory and verification hurdles, recently delved into the role of KYB in the AML process. 

The global RegTech sector is projected to reach a value of $66.9bn by 2032, growing at a 22.6% CAGR from 2023, according to a report from Allied Market Research. Given its size, it is evident that the market is full of various types of RegTech solutions all claiming to revolutionise the output of compliance teams. However, with so much noise in the market, finding the right solution is like finding a needle in a haystack. FinTech Global spoke to several RegTech providers for an insight into what to look for.

HoundDog.ai, the company implementing data security and privacy controls at the code level, has completed a $3.1m seed round.

Muinmos has partnered with Blade Labs to tackle the fragmented and ineffective KYC processes that currently exist in the Web3 space.

BaFin has recently imposed a €9.2 million fine on German FinTech firm N26 due to anti-money laundering failures.

The FCA has fined HSBC, HSBC Bank and Marks and Spencer Financial Services (HSBC) £6.2m for their inadequate treatment of customers facing financial difficulty.

Patronus AI, a startup that specialises in aiding companies in identifying and rectifying reliability issues within their large language models, has raised $17m. 

SOCRadar, a provider of enterprise-grade, end-to-end threat intelligence and brand protection, has concluded its Series B funding round on $25.2m. The investment was led by...

Velotix, a pioneering provider of an AI-driven data security platform, has announced a significant investment from Barclays Bank and Capri Ventures.