Why is RegTech investment around the world growing?
Investment in RegTech companies has reached record levels in the first six months of 2019. The question is why that is and if the growth will continue.
Standard Life Assurance Limited slammed with £30.79m fine for compliance failure
The Financial Conduct Authority (FCA), the UK financial regulator, has fined Standard Life Assurance Limited (SLAL) with a £30.79m fine for failing to comply with the rules regarding non-advised annuity sales.
European Commission’s GDPR verdict is that “work needs to continue”
The EU’s executive arm is happy with the implementation of the General Data Protection Regulation (GDPR) so far, but hints that more needs to be done.
ForgeRock launches open banking and PSD2 accelerators to ensure compliance
The San Francisco and London-based platform provider of digital identity management solutions ForgeRock has made its Open Banking Accelerators available to kick-start compliance with new regulatory standards.
UK RegTech Konsentus to provide Carta Worldwide’s clients with its PDS2 compliance solutions
Ontario-based Carta Worldwide, the transaction processing solutions provider, has partnered up Konsentus, the identity and regulatory checking services. The partnership will help ensure Carta Worldwide’s clients are compliant with EU’s Revised Payment Service Directive (PSD2).
Heap collects $55m in Series C to support international expansion
Heap, which collects and organises customer behavioural data, has closes its Series C round on $55m.
Tax calculation service for cryptos Blockpit collects €2.5m in new investment
Blockpit, a tax calculation and portfolio tracking platform for cryptocurrencies, has received a €2.5m investment.
Almost a third of European corporates fail to comply with GDPR
New research commissioned by audit and tax consultancy RSM has found that 30% of European businesses are still non-compliant with the General Data Protection Regulation (GDPR).
How much is personal data worth?
As data protection rules are becoming more prevalent around the world, companies paying consumers for data could become the norm.
InCountry bags $15m Series A just months after closing seed round
InCountry, a data-residency-as-a-service platform, has closed its Series A on $15m, just months after raising its seed round.
