FCA and PRA fine Goldman Sachs International £96.6m for risk management failures
Goldman Sachs International has been fined £96.6m by British regulators for its role in the 1Malaysia Development Berhad (1MDB) scandal.
The identity verification market is expected to be worth $15.8bn in 2025
Secure onboarding has grown in importance ever since the 2008 financial meltdown and it seems as if the identity verification market is growing in response to the rising demand.
How onboarding customers at ATMs can be a safe and cost-cutting alternative to traditional...
RegTech Electronic IDentification has proposed a solution that would use biometrics to help people set up bank accounts at ATMs.
Risk and compliance software platform Unit21 closes its funding round on $13m
No-code risk and compliance solution Unit21 has closed a funding round on $13m to support the growth of its product.
Shift Technology partners with MAPFRE to evolve online insurance claims
AI-native fraud detection and claims automation platform Shift Technology has teamed up with global insurer MAPFRE to transform insurance claims.
Silent Eight doubles its valuation after the close of a $15m investment
Silent Eight, which leverages AI technology to combat money laundering and terrorism financing, has closed a funding round on $15m.
Anti-money laundering market to be worth $1.99bn by 2025
The global market for solutions preventing money laundering is set to skyrocket to be worth $1.99bn by 2025.
Clunky identity verification and AML practices hold back banks from winning at online banking
Even though the coronavirus pandemic has made digital banking a must-have for banks, many of these financial institutions risk losing customers because of their clunky onboarding practices, according to a new FICO survey.
How different RegTechs tackled the Covid-19 crisis
More than nine months into the coronavirus pandemic, different segments of the RegTech industry has been responding to the crisis in various ways.
Is the criticism against the EU for removing the Cayman Islands from its list...
The European Council has removed the Cayman Islands from its list of non-cooperative jurisdictions for tax purposes. However, not everyone is happy about the decision.
