Deal Updates

In an era of growing operational costs, it has become a pressing necessity for banks to embrace efficient Know Your Customer (KYC) practices. The global spend on regulatory technology (RegTech) is predicted to ascend to $207bn by 2028, a forecast that urges banks to channel their investment into automating their manual KYC processes.

Visium Technologies, a leading global cyber security and analytics company, has announced the signing of a 3-year $2.5m revolving credit line agreement.

Honeywell has released a survey stating over 80% of business leaders are confident their firms will comply with sustainability disclosure requirements.

In a world that is constantly digitally evolving, AI is proving to have the potential to be one of the biggest change-makers. How is it shaping finance? 

In a recent post, RegTech firm Eventus outlined key reasons why practitioners must be the key drivers behind trade compliance. 

Quantuma, an international advisory firm, has recently facilitated the sale of Clausematch, an acclaimed RegTech firm, to Corlytics, based in Ireland.

OneID®, the UK's unique bank-verified digital identity service provider, has teamed up with IDVerse, a global leader in digital ID verification and former OCR Labs Global, to deliver expanded identity evidence options and global coverage for OneID's clientele and individuals.

The global business head of DRYiCE iControl highlighted how firms can transform regulatory compliance and risk management.

The EBA has issued its fourth biennial Opinion on the threats of money laundering and terrorist financing (ML/TF) affecting the EU's financial sector.

Deutsche Bank has been hit with a fine of $186m by the Federal Reserve Board due to deficient AML practices and other violations.