Tag: RegTech

Munich-based identity proofing and digital identity provider IDnow has received a €60m debt facility.

Compliance.ai has landed $6m in funding from existing investor Cota Capital and first-time backer JAM FINTOP.

 Sentinels, which helps detect money laundering in real-time, has released a report outlining why real-time transaction monitoring is the next step for compliance functions.

With digital collaboration tools becoming as ingrained to the working world firms need to aware of the compliance risks and upgrade their communication monitoring tools. 

It is no secret that regulators around the world are becoming increasingly tougher on financial services companies. There is an unrelenting level of regulation being drafted and fines are hitting eyewatering sums. A report from Finbold pegged fines for non-compliance with AML, KYC and data privacy regulations at a total of €12bn in 2020.

Last year saw a 109% increase in identity fraud cases, according to a new report from payment intelligence company Fraugster.

The UK Government has introduced legislation to ‘enhance the competitiveness of the UK financial services sector’ to Parliament.

A German citizen is suing the European Commission for transferring of citizens’ data from of the Commission’s websites to the US – a data protection law originally created by the EC.

Dot Compliance, a ready-to-use compliance platform, has bagged $23m for its Series B round, which was led by Israel Growth Partners.

Australia-based Cover-More Group, which offers global travel insurance assistance, has leveraged Dubber’s call recording technology for auditing, compliance and legal purposes.