China tightens regulations on ownership of unlisted banks
The China Banking and Insurance Regulatory Commission (CBIRC) has issued new ownership rules for unlisted Chinese banks, which now have until the end of June 2020 to comply with them.
Risk management company ARMCO bags investment from New Capital Partners
ARMCO, a risk management platform, has received an investment from private equity firm New Capital Partners.
InCountry bags $15m Series A just months after closing seed round
InCountry, a data-residency-as-a-service platform, has closed its Series A on $15m, just months after raising its seed round.
Contract management platform Lexion closes seed round on $4.2m
Lexion, a contract management solution, has closed its seed round on $4.2m from Madrona Venture Group and Wilson Sonsini Goodrich & Rosati (WSGR).
ESMA issues new guidelines for stress testing and reporting about money market funds
The European Securities and Markets Authority (ESMA) has published new guidelines on stress testing and reporting on money market funds to national competent authorities.
FRISS increases global presence through launch of UK office
FRISS, a fraud and risk solution for the P&C insurance industry, has launched an office in the UK to support growth in the country.
BehavioSec launches new tools for new account fraud detection
Behavioural biometrics company BehavioSec has released new tools which improve new account fraud detection.
Thomson Reuters acquires regulatory and legal support platform HighQ
HighQ, a provider of regulatory and legal support, has been acquired by Thomson Reuters for an undisclosed amount.
GRC management platform VComply nets $2.5m in seed round
VComply, a GRC management platform, has netted $2.5m in its Seed funding round led by US-based venture capital firm Accel.
Financial institutions need to put conduct risk on same priority level as KYC/AML
KYC and AML have received a lot of RegTech focus, but conduct risk needs to receive more attention, according to Dilip Mohapatra, founder at Cognitive View.
