Value of anti-money laundry fines have jumped to $706m since 2019
The amount businesses are fined for failing to live up to their anti-money laundering commitments have skyrocketed in the last year, according to new research from Duff & Phelps.
Check out the 29 FinTech companies to raise rounds last week
Last week's FinTech funding rounds highlight the fractured neobank scene, show the sector's coronavirus struggles and demonstrate some areas industry stakeholders should be interested in right now.
Customers abandon purchases because of strong customer authentication processes
Last year, the EU started to roll out its strong customer authentication (SCA) rules to make it safer to buy things online, but it seems it is making customers abandon their purchases, according to new Microsoft research.
RegTech software developer Thentia secures investment from Business Development Bank of Canada
Thentia, which helps companies meet their regulatory requirements, has bagged a Series A investment from the Business Development Bank of Canada (DBC).
How Muinmos makes it easier for businesses to stay abreast of MiFID II
Having already established itself as a leader in automated regulatory compliance, Muinmos has now taken additional steps to make it easier for businesses to meet regulatory demands.
MAS is doubling down on its efforts for people to adopt SORA
The Monetary Authority of Singapore (MAS) has launched several initiatives to boost the adoption of its new interest benchmark.
FCA concerned about credit firms allowing repeat borrowing
The UK's top financial markets regulator is concerned about credit firms' practices after a review revealed that relending often leave vulnerable customers worse off.
kompany bags almost €6m in new round
Know you customer company kompany has raised close to €6m almost a year to the day after its most recent round.
Truera comes out of stealth to fix the “black box” mystery around machine learning
Truera claims to be the industry’s first model intelligence platform and has launched from stealth to help the market remove the mystery of machine learning.
Parliamentary group criticises regulators for their treatment of challenger banks during Covid-19
A new report from a cross party group of MPs has slammed the UK's regulators for not keeping the neobanks and building societies at the front of mind during the pandemic.
