HSBC introduces Quantexa’s contextual data approach to weed out fraud and detect financial crime
HSBC has beefed up its financial crime detection system by deploying Quantexa’s contextual big data solutions.
Verafin raises CAD $515m in a mixture of equity and debt recapitalization
Verafin, a financial crime management software company, has collected CAD $515m ($388m) in a mix of equity and debt recapitalization.
ECB top: “Libra has undoubtedly been a wakeup call for central banks and policymakers”
Benoît Cœuré, executive board member of the European Central Bank, has told the German Bundestag that stablecoins like Facebook’s Libra initiative come with both risks and opportunities.
Dutch bank ABN Amro investigated for alleged money laundering
Having anti-money laundering procedures in place have become increasingly important over the past few years. However, it seems ABN Amro may have failed in this regard.
Risk management for insurance Daisy Intelligence collects $10m Series A
Daisy Intelligence, an AI-powered platform for retail and insurance, has collected $10m in its Series A financing list.
Fraud detection company Advance.ai raises $80m in new funding round
The Singapore-based fraud detection startup Advance.ai has closed a $80m funding round led by private equity investor Pavilion Capital and venture firm Gaorong Capital.
The biggest challenges giving the RegTech sector a headache right now
From getting accurate data to responding to new regulatory challenges, there are plenty of opportunities and obstacles to overcome for RegTech innovators.
Identification platform Alloy collects $12m in its Series A
Alloy, an identity verification service for financial services, has bagged $12m in its Series A round.
Barclaycard’s early data finds that SCA has not had any bad impact, yet
The new strong customer authentication (SCA) rules snapped into force this weekend. However, Barclaycards has so far not seen any an increase of abandoned transactions or declined payments.
Over $352m in AML fines have been deployed in last four months
More than $352.5m worth of anti-money laundering (AML) fines were handed out globally in the last four months, according to the latest study from Encompass Corporation.
