Swedish Financial Supervisory Authority penalises SEB with $112m fine for AML failings
The Swedish Financial Supervisory Authority (SFSA) has given Nordic bank SEB with a SEK1bn ($112m) administrative fine after failings in its anti-money laundering efforts.
Swedbank is being investigated by the Swedish Financial Supervisory Authority for suspected compliance breaches
The Swedish Financial Supervisory Authority (SFSA) has initiated an investigation into Swedbank for suspected breaches of market abuse.
First AML bags $5.4m in its latest funding round
New Zealand-based RegTech startup First AML has bagged $5.4m in its Series A round, which was led by Bedrock Capital.
Keepit closes the largest investment to a bootstrapped SaaS company in the Nordics
Denmark-based Keepit has closed a $30m investment from One Peak, which is allegedly the largest SaaS investment into a bootstrapped company in the Nordics, Crunchbase claims.
Konsentus completed “multi-million” pre-Series A round
RegTech Konsentus has completed what the investor Conviction Investment Partners refers to as a "multi-million pound" pre-Series A round.
Has digital banking caused a rise in mobile deposit scams?
Fraud is on the rise and part of it is due to the growing adoption of mobile banking, according to a new report from Advanced Fraud Solutions (AFS).
eTranzact lost 100% of its profits in Q2 after it recovered from a fraud
The problems don't seem to be over for Nigerian electronic payments provider eTranzact after it reported it incurred a loss of $306,623 in the second quarter, wiping away the recovery it had enjoyed after a 2018 fraud scandal.
Hungarian startup PeasyPay vying Spanish and British expansion
PeasyPay, a bieometric-based payment company, is looking to expand its reach from its native Hungry to Spain, Slovenia and the UK.
RegTech100 company Arctic Intelligence takes it up a notch by updating its cloud-based risk...
Australian-based Arctic Intelligence has launched the latest iteration of its risk assessment platform to better support clients across the world.
It's been a busy...
The European Commission is investigating Visa on how it treats FinTech companies
Visa is being investigated by the European Commission in regards to how it treats FinTech companies in its network.