Crypto tax platform BearTax nets $3.2m in seed capital
BearTax, a cryptocurrency tax platform, has netted $3.2m in its seed funding round, which was led by Seattle-based investor Ascend.
How networks are imperative to detecting lending fraud
The rise of fraud, specifically lending fraud, during the pandemic has been a hot topic for discussion. In a time where fraud is becoming more commonplace, how can industry fight back?
Philippines’ central bank stiffens reporting standards for payment system operators
The Bangko Sentral ng Pilipinas (BSP) has placed firm reporting standards for operators of payment systems in a move to make the Philippines’ payment system strong and more efficient.
Singapore’s Docsumo scores seed funding
Singapore-headquartered Docsumo, which helps firms automate decisions from customer documents, has netted $3.5m in its seed funding round.
Audit software Fieldguide hits $100m valuation
Fieldguide, which offers an automation and collaboration platforms for audit and advisory firms, has collected $17m in its Series A, which brings its valuation to $100m.
Moneyhub calls for OpenData revolution
Moneyhub, the market leading Open Data and Payments platform, has called for greater data-sharing among financial firms as part of its response to the FCA’s Consumer Duty Proposals.
Why IDmission is betting on composable KYC
Founded in 2011, IDmission helps businesses verify customers’ identity remotely. The enterprise’s platform supports face scans, fingerprints, video conferences, iris scans, selfies, voice recognition and a number of other ways of using biometrics to verify customers’ identities.
RegTech unicorn Chainalysis to provide BNY Mellon with crypto compliance tools
Blockchain data platform Chainalysis will supply its compliance software to the Bank of New York Mellon to help with cryptocurrency regulatory processes.
China defers new AML rules amid pushback and privacy concerns
The People’s Bank of China (PBOC) has said it is postponing the introduction of new rules that firm up cash withdrawal and deposit scrutiny due to ‘technical reasons’.
RegTech platform Secureframe bags $56m Series B
Secureframe has raised $56m in its Series B funding round, which brings its total equity raised to $79m in two years.
