Strise secures $10.8m in series A to redefine AML automation
Strise has secured $10.8m in its series A funding round, as it looks to redefine anti-money laundering (AML) automation.
Having bagged the capital in the...
China gives tech companies regulatory approval to launch AI chatbots
China has reportedly given regulatory approval for some tech companies to release their artificial intelligence (AI) chatbots to the public.
According to a report from...
Is the overtake of KYC by pKYC inevitable?
KYC practices have been long used in the financial sector. However, with fraud and financial crime more prevalent than ever, is perpetual KYC the evident next step?
How incoming regulations could affect the UK open banking market
With a burgeoning open banking sector, the UK could be on the precipice of a monumental surge ahead of other international markets in the...
Kamma raises £3.6m to tackle Net Zero in UK properties
London-based RegTech Kamma has raised £3.6m as it looks to deliver Net Zero in UK homes and commercial properties.
The company sourced the investment in...
Mastercard launches CBDC partner programme
Mastercard has launched a new partnership program designed to explore the benefits and limitations of central bank digital currencies.
The collaboration will see seven prominent...
Inside the UK’s battle against money laundering and terrorist financing
RegTech firm Flagright recently described in detail the UK's regulations on terrorism financing and money laundering.
Unravelling the hidden costs of inefficient KYC in financial institutions
In a recent post by RegTech firm Encompass Corporation, it provided an outline of why the cost of inefficient KYC practices can be higher than expected.
NIST drafts major update to its world leading cyber security framework
NIST has revealed its latest draft of the National Institute of Standards and Technologies' cybersecurity framework.
The governing body, which regulates the standards of US...
Deciphering the fusion of AI and human expertise in Risk Management and KYC compliance
The ongoing AI revolution is indisputably transforming risk management and customer identification processes (KYC), even though human input remains pivotal to these functions. Moody's Analytics recently delved into how AI will transform risk management and know your customer (KYC) compliance.
