Legislation

RegTech solution provider Regnology has acquired Tax Information Reporting (TIR) software from PwC UK.

Nearly half (43%) of large financial institutions have adopted open banking, according to a report from identity management company Curity.

Founded in 2019, Schwarzthal Tech is a UK-based RegTech startup that is developing Wunderschild Know Your NetworkTM, an AI-driven platform that provides financial crime intelligence and speeds up the look-up process for beneficiaries. Two years into its existence, what is next for the company?

Companies are facing increasing pressures to streamline customer-facing processes. The digital ecosystem emphasizes a world where people want things completed instantly and poor experiences mean switching to other providers. Chor Teh - financial crime compliance industry practice lead at Moody’s Analytics - has explored why customers should be at the front of onboarding processes.

The automatic verification of someone’s ID is undoubtedly the first building block in the onboarding process of a digital customer. However, what is needed in this process and what should you be looking for in a tool? 

Identity management platform ZITADEL has collected $2.5m in its seed funding round, which was led by Nexus Venture Partners.

Data protection platform Keepit has reportedly collected $22.5m in a debt financing facility as part of a partnership with Vaekstfonden, a Danish growth fund.

Governance, risk and compliance SaaS solution Diligent has partnered with capital markets communications platform Q4 to provide pre-IPO and public companies with IR and board governance solutions.

Cryptio, an accounting, audit and tax software for cryptocurrency, has picked up $10m in its Series A round.

A quarter of UK risk experts expect bribery and corruption risks for their company to increase this year compared to 2021, according to a report from Kroll.