Tag: HSBC

Dataminr has successfully secured $85m in a new funding round. The investment was led by NightDragon and HSBC, leveraging a combination of convertible financing and credit facilities.

Quantexa, a global provider of AI-driven decision intelligence solutions, has successfully closed a $175m Series F funding round.

The UK stands as a prime hub for venture capital within Europe. However, the private investment scene has recently seen a downturn, exacerbated by economic instability and inflatory pressures.

Yoti, a prominent digital identity company based in the UK, has successfully raised £20m, further cementing its position in the FinTech sector.

The Competition and Markets Authority (CMA) has issued provisional findings indicating potential collusion among five significant banks on the trading of UK government bonds. 

Armalytix, which streamlines data collection and intelligence for AML checks, has reportedly raised $1m in funding.

As another challenging year comes to an end, the task for organisations to remain compliant in new working environments is still ongoing. Despite firm efforts by many to avoid penalties, some institutions were unable to duck fines last year. Here are the top five compliance failure fines from the year of 2021.

The Financial Conduct Authority (FCA) has fined HSBC Bank £63,946,800 for failings related to its anti-money laundering processes.

TAINA Technology has secured investment from Deutsche Bank and HSBC Asset Management’s Financial Technology Venture Capital Fund in a recent funding round.

HSBC has introduced the Risk Advisory tool, a solution aimed at helping the management of credit more efficiently for risk and trading teams.