KYC dev Fenergo acquires Sentinels to boost due diligence capabilities
KYC and client lifecycle management (CLM) solution developer Fenergo has acquired Sentinels, which builds AI-powered AML and transaction monitoring platform.
The size of the acquisition...
Westpac hit with $40m fine for charging fees to the deceased
Australian bank Westpac has been fined $40m after it was founded to have charged fees to over 11,800 deceased individuals.
Covid-19 increases regulatory priority in APAC
The Covid-19 pandemic has increased the regulatory priority around FinTech in the Asia-Pacific region, according to a report from University of Cambridge Judge Business School.
Russia bill could see crypto become legal tender
The Russian Ministry of Finance has finalised a crypto bill which has recommended using cryptocurrencies as legal tender.
Could the UK’s Online Safety Bill be damaging to privacy?
A recent letter sent to Parliament by a group of cybersecurity and IT experts has warned that the UK’s Online Safety Bill may turn out to be damaging to privacy.
Challenger banks lack adequate financial crime controls, FCA review finds
The Financial Conduct Authority (FCA) has found that some challenger banks need to improve how they assess financial crime risk.
Data security for web3 Privy raises $8m in funding
Data security solution Privy has raised $8m in a funding round as it looks to hire more staff and scale its operations.
Why business risk assessments can help de-risk cryptocurrency
A recent post by RegTech firm Arctic Intelligence has detailed what virtual asset service providers can do to help de-risk cryptocurrency.
Strike Security nets $5.4m in funding to grow in Latin America
Continuous penetration testing service Strike Security has reportedly collected $5.4m in a fresh funding round.
FCA finalises disclosure proposals to boost managerial diversity
The FCA has finalised rules requiring listed firms to report information and disclose targets on the representation of women and ethnic minorities on boards and executive management.