RegTech

In today's digital age, customers have high expectations for their interactions with financial institutions. These digitally savvy individuals demand streamlined, efficient, and enjoyable experiences. Unfortunately, many financial entities, even the globally leading ones, continue to rely on outdated manual processes for FATCA and CRS compliance, causing frustration for both clients and customer service officers.

Five US investment bank giants are reportedly faced with $1bn in fines for failing to monitor employees using unauthorised messaging apps.

The Forge Institute has been selected by the US Small Business Administration as one of the three awardees of the Cybersecurity for Small Business Pilot Program.

Managed detection and response provider Lumifi Cyber has received an investment from Californian private equity firm HCAP Partners, which partnered with BOK Financial for the deal.

The financial services industry has fewer security flaws than most other industries, according to a report from application security testing developer Veracode.

SC Ventures, Standard Chartered’s FinTech investment and ventures arm, has invested funds into Hong Kong-based firm Checkk. 

RegTech firm Eventus has appointed Robbie McDonnell as sales director for the Australia and New Zealand regions.

Revenue from crypto related crime has fallen 65% in the first half of 2022 compared to the same period last year, a report by Chainalysis has found.

NICE Actimize’s market surveillance technology has been tapped by UK-based multi-asset broker Olivetree Financial, to support its financial crime strategy.

Stockholm-based sustainability platform Worldfavor has raised €10.2m in its Series A round to aid its growth and expansion plans.