RegTech

The final rules of the EU’s Revised Payment Service Directive (PSD2) snap into action in September. Now Kaleyra, an in-mobile messaging service for banks and companies, and Epiphany, a RegTech startup specializing in PSD2 compliance have joined forces to ensure financial services businesses can comply with the changes.

Early-stage-focused Sierra Ventures has raised $215m for the final close of its oversubscribed Fund XII.

FRISS, a fraud and risk solution for the P&C insurance industry, has launched an office in the UK to support growth in the country.

Behavioural biometrics company BehavioSec has released new tools which improve new account fraud detection.

HighQ, a provider of regulatory and legal support, has been acquired by Thomson Reuters for an undisclosed amount.

VComply, a GRC management platform, has netted $2.5m in its Seed funding round led by US-based venture capital firm Accel.

TSB Bank has joined forces with Jumio, the identity-verification startup, to enable customers to access their bank accounts with a selfie. However, old people may not be keen to use it.

KYC and AML have received a lot of RegTech focus, but conduct risk needs to receive more attention, according to Dilip Mohapatra, founder at Cognitive View.

Credit-checking company TransUnion has been around since the 1960s, but is still churning out new tools. It has now launched TrueVision, a suite of tools that uses big data to empower users to better evaluate credit risk.

By scooping up London-based Logical Glue, Temenos is strengthening the legal compliance of its banking platform.