RegTech

The landscape of financial crime compliance is rapidly transforming. Amidst political upheavals and technological advancements, the cost of compliance has become an integral part of business operations.

A huge sum of $800bn to $2trn is laundered annually around the world, as per the United Nations Office on Drugs and Crime, accounting for 2-5% of global GDP.

In the evolving landscape of corporate governance, sustainability reporting has transitioned from a regulatory requirement to a cornerstone of strategic business planning.

In the world of AML compliance, understanding the risks associated with Politically Exposed Persons (PEPs) is crucial.

MirrorWeb, a prominent player in the digital communications archiving and regulatory compliance software arena, has successfully secured a $63m growth equity investment from Mainsail Partners.

In the rapidly evolving financial services industry, firms are under increasing pressure to enhance productivity and streamline their operations. This challenge is compounded by the sheer volume of data they handle, which can create significant information chaos, lead to costly mistakes, and perpetuate inefficient manual processes.

The UK's financial services sector is set to reap significant benefits from the FCA's enhanced performance in its authorisation processes.

Acuvity, a pioneer in AI security and governance, announced today that it has successfully closed a $9m seed funding round.

In Lithuania, financial fraud has escalated alarmingly, with reports increasing by 13% since 2018, while the number of cases resolved has dropped by over 70%.

Sedric AI, a leading innovator in AI-driven compliance solutions for financial institutions, announced today that it has successfully secured $18.5m in Series A funding.