ComplyAdvantage boosts market consolidation with $70m Series C
Financial crime detection firm ComplyAdvantage has secured $20m from Goldman Sachs Growth Equity through an extended Series C round.
SmartStream aims to join up data dots through its expansion of APIs
The SmartStream Reference Data Utility (RDU) was founded with Tier 1 partner banks to help them improve operational control, cut cost and comply accurately with the regulators. In a short space of time, the company has already onboarded an extensive list of clients for its reference data services, but it plans to go one step further by extending its offering with an instantly deployable suite of APIs.
Modularbank, Veriff partner to bolster ID verification and KYC capabilities
Estonian core banking provider Modularbank has teamed with identity verification software company and compatriot Veriff to boost its compliance and know-your-customer (KYC) offering.
InsurTech Waffle seeks expansion following $5m seed round
New York-based InsurTech Waffle has closed a $5m seed funding round led by Verve Ventures.
Britive closes Series A after reaching 300% year-over-year growth
Cloud-native access management platform Britive has scored $10m in its Series A round, which comes after an impressive 300% year-over-year growth.
SEC charges healthcare company with multimillion dollar fraud
The Securities and Exchange Commission (SEC) charged a New Jersey-based healthcare company and its founder with fraudulently raising nearly $4m from over 130 investors nationwide through the sale of membership units in the company.
Chinese associations call for crypto crackdown citing safety concerns
Three Chinese associations have called for a complete ban on financial institutions and payment firms providing cryptocurrency services to customers.
ThetaRay nets $31m in fresh capital to help grow its market reach
ThetaRay, which claims to accelerate cross-border payments between banks whilst protecting them from financial crime, has netted $31m in funding.
ECB warns banks instant payment levies are hindering uptake
The European Central Bank (ECB) has issued a warning to banks that charges levied for instant payments are proving a barrier to uptake
FBI report finds staggering cybercrime complaint increase over 2020-2021
A report by the FBI’s Internet Crime Complaint Center (IC3) has found cybercrime complaints hiked by 100% over a 14-month period.
