Swedish RegTech Acuminor nabs fresh investment
Sweden-based Acuminor has picked up SEK 19m ($2m) in an investment round to help it push into new markets.
Trulioo acquires HelloFlow to upgrade onboarding stack
Identity verification platform Trulioo has acquired HelloFlow, a developer of no-code, drag-and-drop client onboarding, monitoring and digital workflow software.
Suffolk Building Society picks TruNarrative for anti-fraud
RegTech platform TruNarrative has been picked by Suffolk Building Society to improve the firm’s financial crime and fraud prevention processes, as well as digitise customer onboarding.
Suffolk...
Identity verification developer Parallel Markets collects $7m
Identity verification software developer Parallel Markets has collected $7m for its Series A round.
UK Treasury Committee calls for government action on fraud and scam surge
A new report by the UK’s Treasury Select Committee has called on the government to work harder to tackle the ‘growing fraud epidemic’ in the UK.
Why dynamic risk assessments are a must for AML/KYC
As pressures continue to rise for financial institutions to meet mounting anti-fraud regulatory requirements, dynamic risk assessments will become more vital.
EBA unveils new central database for AML and CFT
The European Banking Authority (EBA) has launched EuReCA, a new central database for anti-money laundering and counter-terrorism financing.
Crypto money laundering activity hits $8.5bn in 2021
The total cryptocurrency value in money laundering activity reached $8.5bn in 2021, a 30% increase on the previous year, according to a report from Chainalysis.
FCA slapped UK finance firms with £568m in fines in 2021
During a year of heightened financial crime, the Financial Conduct Authority (FCA) handed out £568m in fines during 2021.
Starling pulls advertising on Facebook and Instagram for fraud concerns
Starling Bank has pulled all of its paid advertising on Facebook and Instagram due to concerns regarding fraudsters on the platforms.
