FINRA releases report on regulatory technology
Financial Industry Regulatory Authority (FINRA) has highlighted five key areas here industry participants have most prominently leveraged RegTech innovations.
Denmark looks to increase money laundering fines
With Danske bank currently embroiled in a money laundering scandal, Denmark is reportedly looking to increase fines with new legislation.
Ravelin raises £8m to combat fraud
Ravelin, a UK-based fraud and risk prediction company, has landed £8m in a Series B round led by BlackFin Capital Partners.
Selfie-based identification solutions are not compliant with KYC AML
Technological solutions to verify the identity of natural persons by taking pictures of IDs or passports and recording a few frames or user’s face do not comply with the legal regulations
KOGER offers complete end-to-end solution for investor services
KOGER, a global financial services technology company, has beefed up its flagship fund administration platform to address the additional challenges the industry face.
Volopa partners with Onfido to bolster onboarding
Volopa, a payments and foreign exchange FinTech, has partnered with Onfido to enhance its customer onboarding procedures.
EasyMoney leverages HooYu for ID verification
London-based EasyMoney has partnered with identity security company HooYu to verify its customers and improve user experience.
IdentityMind Global launches new RegTech webstore
IdentityMind Global has launched a RegTech webstore to enable firms to integrate KYC and AML compliance functions.
Thoma Bravo backs middle office platform Apttus
Apttus, which provides onboarding-to-payment for financial services, has landed an investment from Thoma Bravo.
ING fined €775m for failing to spot financial crime
Dutch bank ING has agreed to pay €775m in fines after admitting errors in its policies to stop financial crime.
