Anti-money laundering and know your customer fines in 2020 totalled $5.6bn so far
The total value of fines issued so far in 2020 against companies failing to comply with anti-money laundering and know your customer rules totalled $5.6bn, with APAC regulators dramatically increasing their sanctions.
Acuant integrates iProov’s biometric authentication solution into its identity verification platform
Biometric authentication company iProov has signed a partnership with Acuant, which will integrate iProov into its platform to provide robust online face authentication services.
Compliance solution for insurance AgentSync said to raise $4.4m in its seed round
AgentSync, a compliance platform for the insurance space, has reportedly bagged $4.4m in its seed round.
Check out these 32 RegTech funding rounds from July
In the midst of the Covid-19 crisis, these 32 RegTech companies have successfully secured funding over the last month.
userlane said to secure €10m in a Series B round
Digital adoption software platform userlane has reportedly secured a €10m Series B round to support its European expansion.
Ten biggest RegTech deals since the Covid-19 lockdown
The RegTech sector has seen some massive investment rounds in the past few months despite the global pandemic.
UK Fintech Curve selects Onfido to provide streamlined onboarding for its customers
Banking platform Curve has partnered with Onfido, the global identity verification and authentication company, to speed up its client onboarding compliance processes.
Alior Bank to verify digital identities through Onfido
Polish universal bank Alior Bank is leveraging Onfido’s technology to streamline its digital identity verification, through a new deal.
SignD closes €1m investment to bolster international growth efforts
Austrian RegTech platform SignD Identity has closed a €1m investment which will help it to bolster its international sales and marketing efforts.
Arachnys tapped by contingent resourcing firm Momenta Group to provide KYC and AML services
RegTech Arachnys has signed up to help Momenta Group, the London-based contingent resourcing firm, to bolster its client onboarding and anti-money laundering (AML) efforts.