Anti-money laundering and know your customer fines in 2020 totalled $5.6bn so far
The total value of fines issued so far in 2020 against companies failing to comply with anti-money laundering and know your customer rules totalled $5.6bn, with APAC regulators dramatically increasing their sanctions.
WISeKey International receives $5m through convertible loan
Cybersecurity company WISeKey International has received a $5m convertible loan from Crede Capital, a US-based investor.
Compliance solution for insurance AgentSync said to raise $4.4m in its seed round
AgentSync, a compliance platform for the insurance space, has reportedly bagged $4.4m in its seed round.
Liopa secures £40m funding package from the UK government
Northern Ireland-based Liopa, which offers automated lip reading technology, has been awarded a £40m package from the UK government.
The grant has been given to...
UK Fintech Curve selects Onfido to provide streamlined onboarding for its customers
Banking platform Curve has partnered with Onfido, the global identity verification and authentication company, to speed up its client onboarding compliance processes.
Alior Bank to verify digital identities through Onfido
Polish universal bank Alior Bank is leveraging Onfido’s technology to streamline its digital identity verification, through a new deal.
SignD closes €1m investment to bolster international growth efforts
Austrian RegTech platform SignD Identity has closed a €1m investment which will help it to bolster its international sales and marketing efforts.
What can RegTech companies learn from how regulators have acted during the Covid-19 crisis?
Regulators around the world have issued emergency measures to safeguard the economy from the coronavirus fallout. But what can RegTechs learn from it?
Arachnys tapped by contingent resourcing firm Momenta Group to provide KYC and AML services
RegTech Arachnys has signed up to help Momenta Group, the London-based contingent resourcing firm, to bolster its client onboarding and anti-money laundering (AML) efforts.
How facial recognition software can be used in ATMs
Using biometrics to provide strong customer authentications is becoming more popular and is beginning to be used in ATMs to help customers identify themselves.