RegTech company PassFort closes its Series A
PassFort, which automates financial crime and compliance processes, has closed its Series A round on $16.2m.
European regulators highlight vulnerabilities to FIs
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) have issued a joint statement on the increasing vulnerabilities in the financial sector.
The UK’s FCA drafts new power to help remove outdated permissions
The UK’s Financial Conduct Authority (FCA) has issued a draft for a new power that would help it accelerate the process of removing regulatory permissions no longer used by financial services firms.
Striking a balance between compliance and customer experience during client onboarding
The onboarding process requires financial institutions comply with increasing global and regionally specific regulations while also delivering an enhanced customer experience. As a result, they must embrace modern technologies to streamline the KYC process and stay competitive.
Soros acquires tax software competitor 1099 Pro to broaden SME offering
Global tax software provider Sovos has purchased tax software and services company 1099 Pro for an undisclosed fee.
Philippines’ SEC set to make sustainability reporting obligatory
The Philippines’ Securities and Exchange Commission (SEC) is planning to make sustainability reporting mandatory for all companies that are listed by 2023.
Zeidler appoints head of legal team for new Paris office
Technology-driven law company Zeidler Group has named Valentin Chantereau as its head of legal at its newest European office in Paris.
The FSA moves forward with potential new climate risk disclosure regulation
A new regulation by Japan’s Financial Services Agency (FSA) may lead to the introduction of mandatory climate-risk related disclosures by March 2022.
UK financial watchdog issues fresh warnings on crypto risks after Kimmie K’s Insta post
UK watchdog Financial Conduct Authority (FCA) has fired a warning shot at the cryptocurrency industry, signalling it could soon come under greater regulatory scrutiny.
Databricks reaches colossal $36bn valuation after Series H close
Data management company Databricks has raised a colossal $1.6bn in funding, upping its valuation to an eyewatering $38bn.
