FCA underscores urgent need for robust control measures in UK payment firms
The Financial Conduct Authority (FCA), the UK's principal financial regulator, sent a pointed "Dear CEO" letter on 16 March 2023. Initially, it praised the competition and innovation witnessed in the payment sector. However, this recognition was soon overshadowed by grave concerns.
Lenders scramble to meet Consumer Duty deadline, 61% seek external expertise
As the deadline for the Financial Conduct Authority (FCA)'s Consumer Duty approaches, a startling 67% of lenders report feeling unsupported by the FCA.
Kreditz secures €10m investment to expand credit scoring services
Swedish-based credit information startup Kreditz, a Nordic market leader in credit scoring and verification services, has recently raised €10m in its latest funding round.
RegTech SteelEye partners with WealthTech company Enfusion
Trade and communication surveillance platform SteelEye has partnered with Enfusion, an investment management SaaS platform, to support joint clients.
Norway-based compliance platform ComplAI scores $1.7m
Norway-based compliance platform ComplAI has reportedly secured $1.7m in a funding round, which was led by RunwayFBU.
Singapore-based Betterdata secures $1.55m in seed funding
Singapore-based Betterdata, which leverages programmatic synthetic data to help preserve privacy, has reportedly secured $1.55m in seed funding.
Battling the 2023 financial crime landscape
The escalation in compliance failures associated with managing financial crime risks has accentuated the need for regulated businesses to bolster their strategies. The evolution...
CLM developer SimpliContract closes pre-Series A on $3.5m
Contract lifecycle management (CLM) SaaS platform SimpliContract has closed its pre-Series A round on $3.5m, as it looks to expand in the US and Europe.
Debunking 8 assumptions around QA in financial services
Quality assurance (QA) is an important process for financial services. It ensures products and services are compliant and that they meet customer demands. Aveni, a UK-based RegTech platform, has set out to debunk eight assumptions around QA within financial services.
Governance SaaS platform Kuberno scores £3.5m
Kuberno, a global legal entity SaaS provider for corporate secretaries, legal teams, and governance professionals, has raised £3.5m for its Series A.
