Why Lucinity is on a mission to Make Money Good
As more and more people move online, financial crime is increasing – subsequently increasing the opportunities for cases of money laundering. As industry players continue to search for the silver bullet to tackle financial crime, RegTech firm Lucinity is focused on helping to clean up the financial world.
Brazil’s Cerc closes funding ahead of IPO
Brazil-based Cerc has reportedly raised $100m in funding as it gears up for an IPO.
Over half of consumers abandoned onboarding processes in 2021
More than half of consumers (68%) abandoned a financial application during the onboarding process in 2021, up from 63% in 2020, research from Signicat claims.
Finicity, Fiserv partner to improve data sharing security
Finicity, a Mastercard company, and PayTech company Fiserv has teamed up to boost open finance through secure data sharing.
Why financial institutions must improve the second layer of their compliance ecosystem
There have never been more regulatory pressures for financial institutions than there are now, and it is only getting harder. Every year, regulators release a new batch of legislation or updates to existing mandates, all of which firms need to keep up with.
No-code risk manager Effectiv scores $4m in seed funding
Effectiv, a developer of no-code risk management service, has scored $4m in its seed funding round.
Over 90% of European FinTechs to use AI-risk decisioning to beat fraud
Over 90% of European FinTech companies plan to adopt AI-enabled risk decisioning to combat fraud, according to a study by risk decisioning software developer Provenir.
Know Your Customer links with Tricor to simplify onboarding in Asia
RegTech firm Know Your Customer has partnered with business expansion specialist Tricor to simplify and digitise Tricor’s onboarding and AML processes across Asia.
Ping Payments taps Sentinels to strengthen AML controls
Payments services provider Ping Payments has chosen transaction monitoring and client risk management platform Sentinels to reinforce its AML controls.
Do banks need to join forces in the war against money laundering?
There are many benefits to a more globalised world. However, one of the key threats posed by an increasingly digitised and connected world is the scourge of money laundering.
