Tag: Fintech

The Financial Conduct Authority (FCA) has been actively working to promote safe and responsible AI adoption in the UK financial sector. Last year, it published its AI Update to encourage outcomes-focused AI models. To further this initiative, the FCA recently launched its AI Lab, a collaborative platform for firms, stakeholders, and regulators to discuss AI use cases, share insights, and foster innovation while ensuring compliance.

Sardine, a leading AI-driven risk platform specialising in fraud prevention, compliance, and credit underwriting, has raised $70m in a Series C funding round.

Financial institutions in the Channel Islands, specifically Jersey and Guernsey, must adhere to stringent compliance requirements under the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). These frameworks are crucial in upholding international tax transparency by ensuring institutions report relevant financial information to tax authorities.

Financial institutions in Luxembourg must adhere to stringent reporting requirements under the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS)....

Semeris, a specialist in AI-driven legal document analysis for financial institutions, has raised $4.3m in a funding round led by Puma Growth Partners, a firm known for providing growth capital to small and medium-sized businesses.

ID.me, a digital identity wallet provider, has secured a $275m credit facility from Ares Management, a global alternative investment firm.

Token Security, a cybersecurity firm specialising in non-human identity security, has secured $20m in a Series A funding round.

AI-powered data security company TrustLogix has successfully closed its latest funding round, securing $13m to accelerate the expansion of its AI capabilities and strengthen its position as a leader in the Data Security Platform (DSP) sector.

Hypori, a provider of secure mobile access solutions, has raised $12m in a Series B extension round to accelerate the adoption of zero-trust bring-your-own-device (BYOD) programs.

LIFE CARD, one of Japan’s innovative credit card issuers, has partnered with IDEX Biometrics to introduce biometric payment cards to the Japanese market.