The hallmarks of a strong customer risk assessment process
Customer risk assessments are a vital part of AML and KYC processes. Flagright, an all-in-one AML compliance system, has outlined the best practices of an assessment process.
Cyber awareness platform Riot lands $12m
Riot has bagged $12m in a Series A funding round to iterate on its all-in-one cyber awareness platform for firms and their employees, according to TechCrunch.
Digital pound could launch in the next decade, UK Treasury claims
A recent consultation by the UK Treasury has revealed that plans for a digital UK currency are being considered and could be realised within a decade.
Resistant AI receives clean SOC 2 Type 1 report
Resistant AI, a fraud and financial crime prevention services provider, has received a clean System and Organization Controls (SOC) 2 Type 1 attestation report.
Mobile application protection startup Build38 nets €13m
Build38, which develops mobile application protection solutions, has raised €13m in its Series A funding round.
Tenable backs supply chain security firm Lineaje in seed raise
Lineaje, a software supply chain security management firm, has scored $7m in a seed funding round led by Tenable Ventures.
Afterpay taps Cloudera to reduce fraud risk
Afterpay has tapped Cloudera, a hybrid data firm, for its Cloudera Data Platform to run streaming analytics and advanced ML for real-time fraud detection.
How companies can best automate third-party risk management
The risk surrounding third-party is continuing to grow, and is causing more and more firms to explore the potential for third-party risk management.
Compliance firm Dotfile lands €2.5m
Dotfile, a French compliance operating system supporting FinTech and regulated firms to verify their customers, has scored €2.5m in seed funding.
What is the current state of crypto tax reporting?
Despite the rising usage of cryptocurrency, regulations are still quite bare and confusing. Principal to this is crypto tax reporting, which some countries are setting rules for, before even clarifying taxation laws.
