Tag: Fintech

Galileo Financial Technologies, a subsidiary of SoFi Technologies, has introduced Galileo Instant Verification Engine (GIVE) and Transaction Risk GScore, coming as a response to the increasing need for advanced security measures in financial transactions.

Ncontracts, a provider of integrated compliance, risk, and vendor management solutions, has acquired Venminder, a third-party risk management platform.

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.

American Binary, a trailblazer in post-quantum encryption technologies, has recently secured a strategic investment.

Ross McGill, the Chairman and founder of TConsult Ltd, has a profound history in steering the company through two decades of regulatory evolution.

European RegTech investment stats in Q2 2024: RegTech deal activity in Europe fell by 74% for Q2 2024 in YoY comparison The average deal...

South African FinTech, Omnisient, has recently secured a substantial $7.5m investment from Arise.

The SEC and the CFTC have recently imposed fines totalling $477.75m on 26 broker-dealers and investment advisers for failing to comply with electronic communication recordkeeping requirements. This latest enforcement wave pushes the total fines levied for similar violations to over $3bn, underscoring the serious, ongoing issue of non-compliance within the industry.

The US Treasury's recent initiative to solicit public insights on Artificial Intelligence (AI) in the financial sector underscores a pivotal moment for regulatory evolution.