MAS penalises Singaporean bank branch S$1m for fraud, terrorism failures
The Monetary Authority of Singapore (MAS) has imposed a penalty of S$1m on a Singapore-based bank branch for not complying with its anti-money laundering and terrorism financing acts.
Ikano taps TruNarrative to support global fraud prevention strategy
Swedish bank Ikano has chosen UK RegTech platform TruNarrative to provide digital onboarding and fraud risk management services for its company.
SmartStream expands global reach with cloud-native AI service launch
Transaction lifestyle management provider SmartStream Technologies has boosted its global footprint with the launch of SmartStream Air version 3.
Singapore branch of Swiss bank fined for breaching anti-money laundering requirements
The Singapore branch of the Swiss wealth manager Bank J Safra Sarasin (BJS) was fined $750,000 by the Monetary Authority of Singapore (MAS) for serious breaches of anti-money laundering and countering the financing of terrorism (AML/CFT) requirements.
SafeGuard Cyber pulls in $45m to scale risk protection platform
Virginia-based cybersecurity firm SafeGuard Cyber has secured $45m in equity and debt financing to help expand its reach in the digital risk protection market.
KYC Portal’s embedded email function helps reduce manual processes for onboarding
KYC Portal’s embedded email function is designed to reduce manual effort when collecting information for onboarding new clients.
Spending on RegTech expected to reach $130bn by 2025
Spending on RegTech is expected to exceed $130bn by 2025, growing by 290% from the $33bn spent in 2020, a new study from Juniper Research claims.
Encompass Corporation receives funding from private equity firm Beacon
KYC automation Encompass Corporation has received an investment from Boston-based private equity firm Beacon Equity Partners.
Compliance consultancy Complyport updates software to help companies with digital regulation management
Compliance consultant ComplyPortal introduced a new version of its software to help compliance officers and senior management digitally monitor compliance with existing rules and regulations.
Quantifind releases Chinese language support for its Graphyte platform
Quantifind, which has built a SaaS solution used by banks to automate name screening and financial crimes investigations, has launched Chinese language support for...
