Encompass secured grant from Scottish Enterprise
KYC automation software creator Encompass has scored £1.97m in a research and development grant from Scottish Enterprise.
Westpac hit with several lawsuits from securities buyers following reports about it failing to...
One of the four biggest Australian banks is facing some huge challenges. Not only is Westpac accused of having breached anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, but it is now also dealing with a smattering of lawsuits.
LexisNexis to acquire anti-fraud platform Emailage
LexisNexis Risk Solutions has agreed to acquire fraud prevention and risk management solution Emailage.
Following the close of the deal, Emailage will become part of...
Doha Bank becomes first Qatari bank to offer voice recognition
Qatar-based Doha Bank has released a new tool which enables customers to log into their banking apps via facial or voice identity.
KOGER releases new Suspicious Activity Monitoring tool
KOGER, a regulatory software solution for AML and KYS, has released a new Suspicious Activity Monitoring (SAM) service.
Trust Stamp receives strategic investment from Mastercard
Trust Stamp, an AI-powered authentication platform, has received a strategic investment from Mastercard.
Reserve Bank of India fines HDFC Bank $107,696 for failing to do proper customer...
The central bank of India has found a lender’s due diligence procedures lacking and has fined the bank Rs one crore ($107,696) as a result.
$36bn in non-compliance with anti-money laundering, due diligence and sanctions regulations were issued in...
Financial firms around the world were ordered to pay $36bn in total due to failing to comply with legislation set up to prevent money laundering and fraud.
Identity verification startup Persona nets $17.5m in Series A funding round
Having secured $17.5m in additional funds from investors like Coatue Management and First Round Capital, Persona is now looking to develop its solutions and grow its team.
Neocova bags $9.5m in Series A to support digitalization of community banks
Neocova, a startup building software for financial institutions, has bagged $9.5m in its Series A to further help digitalise community banks in the US.