RegTech

VerifyVASP becomes GLEIF validation agent to increase transparency in crypto

VerifyVASP becomes GLEIF validation agent to increase transparency in crypto

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The Global Legal Entity Identifier Foundation (GLEIF) has chosen VerifyVASP, a Singapore-based regtech, as a validation agent to increase transparency in crypto.  VerifyVASP can now...
AMLYZE raises $1m in a pre-seed round

AMLYZE raises $1m in a pre-seed round

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Lithuania-based regtech AMLYZE has raised $1m in a pre-seed investment round, led by Practica Capital, with participation from FIRSTPICK.  The funding will be used to...
Swissquote chooses NetGuardians to fight financial crime

Swissquote chooses NetGuardians to fight financial crime

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Digital bank Swissquote has chosen NetGuardians to enhance its fraud mitigation and comply with AML requirements.   NetGuardians will use its AI-based solutions to monitor all...
Fourthline raises €50m to transform financial compliance

Fourthline raises €50m to transform financial compliance

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Fourthline, a regtech that provides KYC and AML solutions, has raised €50m from new and existing investors.   The funding will be used to further...
Salv and Veriff collaborate to fight financial crime

Salv and Veriff collaborate to fight financial crime

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Salv, a regtech, has partnered with Veriff, a global identity verification provider, to strengthen the fight against financial crime.  Salv’s clients will be able to...
ID-Pal partners with Keystone Talent Bank for right to work checks

ID-Pal partners with Keystone Talent Bank for right to work checks

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ID-Pal, the global identity verification provider, has partnered with Keystone Talent Bank to streamline employee onboarding via real-time digital right to work checks.   The Dublin,...
NatWest signs deal with OneID to offer digital ID service

NatWest signs deal with OneID to offer digital ID service

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NatWest Group is making its new Customer Attribute Sharing service available to businesses as an embedded digital ID solution, after signing a deal with...
Regtech Salv strengthens management team following funding

Regtech Salv strengthens management team following funding

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Salv, a regtech founded by former Wise and Skype employees, has made a number of appointments following its $4m funding round.  The Estonia-based regtech has...
TransUnion appoints Neil Bentley as general counsel in the UK

TransUnion appoints Neil Bentley as general counsel in the UK

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TransUnion has appointed Neil Bentley as general counsel in the UK to lead legal, risk and compliance.  Bentley joined the credit reporting company in 2006,...
Caribbean bank BONI chooses Tookitaki’s AML technology

Caribbean bank BONI chooses Tookitaki’s AML technology

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Bank of Nevis International (BONI) will use Singapore-based Tookitaki's anti-money laundering (AML) technology.  BONI has signed up to use an AML suite that features AI...
Themis appoints new chairman following closure of funding round

Themis appoints new chairman following closure of funding round

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Themis, the provider of a technology platform for managing financial crime risk, has appointed Matthew Hurn as its new chairman.   He succeeds Richard Reid, who...
Regtech Salv raises €4m to fight financial crime

Regtech Salv raises €4m to fight financial crime

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Estonia-based regtech Salv has raised €4m in a seed round extension led by ffVC.  Salv will use the funds to further develop its technology and...
ONE partners with regtech provider Know Your Customer

ONE partners with regtech provider Know Your Customer

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ONE, a fintech focused on serving the payments, FX and crypto needs of corporate clients, has teamed up with regtech provider Know Your Customer...
Salt Edge takes its open banking solutions to Jordan

Salt Edge takes its open banking solutions to Jordan

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Salt Edge is continuing its expansion in the Middle East with the release of its open banking solutions in Jordan.  The London, UK-headquartered company will...
Regtech Cube acquires The Hub to boost AI capabilities

Regtech Cube acquires The Hub to boost AI capabilities

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London-headquartered regtech Cube has acquired The Hub to boost its artificial intelligence regulatory (ARI) technology.   Cube’s ARI RegPlatform automates regulatory intelligence for organisations, which,...
Securrency names new CEO

Securrency names new CEO

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Regtech company Securrency has appointed Nadine Chakar as its new chief executive officer.  Chakar will lead Securrency’s next stage of growth as it “accelerates commercialisation...
American Express opens decision science R&D centre in Singapore

American Express opens decision science R&D centre in Singapore

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American Express has opened a research and development hub dedicated to decision science in Singapore.  The hub, called the American Express Singapore Decision Science Centre...
TradeSun acquires Coriolis Technologies for ESG ratings platform

TradeSun acquires Coriolis Technologies for ESG ratings platform

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TradeSun has acquired data company Coriolis Technologies to speed up the prevalence of environmental, social and governance (ESG)-compliant trade.  The US-headquartered trade finance tech firm...
Featurespace wins government funding to fight financial crime

Featurespace wins government funding to fight financial crime

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Featurespace has secured government funding from the UK and the US to build an artificial intelligence (AI) system to help banks and payments service...
UK and Singapore deepen collaboration to boost fintech innovation

UK and Singapore deepen collaboration to boost fintech innovation

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The UK and Singapore have deepened their bilateral financial services partnership with a new agreement focused on fintech regulatory alignment.  The UK Treasury and Monetary...
Salt Edge expands its open banking services to Saudi Arabia

Salt Edge expands its open banking services to Saudi Arabia

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Salt Edge is expanding its open banking services to Saudi Arabia in a bid to help financial institutions in the jurisdiction bring innovative solutions...
Kuda users can now send money from the UK to Nigeria

Kuda users can now send money from the UK to Nigeria

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Kuda has launched its app in the UK, enabling users to make and schedule payments at home as well as send money to Nigeria.  The London-based...
Curve partners with Salt Edge for PSD2 compliance

Curve partners with Salt Edge for PSD2 compliance

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Curve has partnered with Salt Edge to ensure that its super app complies with the EU Payment Services Directive (PSD2).  Curve, whose super app hosts multiple virtual...
Alloy raises $52m ahead of global expansion

Alloy raises $52m ahead of global expansion

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Regtech firm Alloy has raised an additional $52 million of funding to accelerates its growth to address the global demand for fraud prevention tools. The...
Global identity verification provider ID-Pal launches in the UK

Global identity verification provider ID-Pal launches in the UK

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ID-Pal, an identity verification provider, is formally entering the UK market following six years of exponential growth. The technology company, based in Dublin, Ireland, supports businesses...
Regtech ALT:AVE forms advisory board and raises £500k+

Regtech ALT/AVE forms advisory board and raises £500k+

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UK regtech startup ALT/AVE has made three appointments to its advisory board and secured a funding boost of more than £500,000. Keith MacDonald, former head...
Regtech firm Encompass raises $33m to pursue global growth

Regtech firm Encompass raises $33m to pursue global growth

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Encompass Corporation, a provider of automated know your customer (KYC) solutions, has raised approximately $33 million in capital to accelerate its growth globally. The regtech...

Regional regulatory spotlight: Financial services and third-party risk

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In the midst of rapid digital transformation in the financial services sector, operational resilience is more critical than ever. Increasing reliance on third parties...
Jumio verifies identity and age of new Nationwide Building Society members

Jumio verifies identity and age of new Nationwide Building Society members

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Verification technology provider Jumio has partnered with UK-based Nationwide Building Society to streamline the digital onboarding process for new members. Nationwide, the world’s largest mutual building society, turned...
Plaid picks up identity verification firm for $250m

Plaid picks up identity verification firm for $250m

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Open banking fintech Plaid has spent around $250 million on identity verification and compliance technology firm Cognito. The cash and stock deal brings “all of...
Fraud prevention specialist Alloy raises $100m

Fraud prevention specialist Alloy raises $100m

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Alloy, the New York, USA-based fraud prevention technology provider, has raised $100 million in series C funding. Lightspeed Venture Partners led the round, with participation from existing...
Astorg and Bridgepoint acquire Fenergo

Astorg and Bridgepoint acquire Fenergo

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Private equity firms Astorg and Bridgepoint and Fenergo’s management team are acquiring the Ireland-based fintech company, a provider of know-your-customer and client lifecycle management...
Singapore’s regtech grant a 'boost for crypto and digital payment service providers'

Singapore’s regtech grant a ‘boost for crypto and digital payment service providers’

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The Monetary Authority of Singapore (MAS) announced on 30 April that it will provide S$42 million (US$31.5 million) through a new regtech grant and...
J.P. Morgan expands use of the Acin operational risk management and benchmarking platform

J.P. Morgan expands use of the Acin platform

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J.P. Morgan is expanding its use of the Acin platform to cover its global markets business. Acin, the software-as-a-service regtech company that has created a...
ALT:AVE appoints new chairman

ALT/AVE appoints new chairman

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Phil Shelley, a former Goldman Sachs banker and founder of Arlington Capital Markets, has been appointed to the role of chairman at ALT/AVE, a...
Japan's AVANT Corporation takes minority stake in UK financial analytics firm

AVANT Corporation takes minority stake in UK financial analytics firm

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Japan-based AVANT Corporation, the owner of a group of technology companies focused on accounting, planning and management, is the new minority owner of Metapraxis. As...
Acin aims to take advantage of its momentum

Acin aims to take advantage of its momentum

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Last year was an important one for UK-based risktech company Acin, a data and knowledge-sharing network focused on quantifying, standardising and digitising operational risk,...
IHS Markit acquires regtech provider Cappitech

IHS Markit acquires regtech provider Cappitech

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Financial data and intelligence company IHS Markit is expanding its suite of global, multi-asset class transaction regulatory reporting offerings to financial services providers with...
Danske Bank looks to Windward for help with maritime financial crime compliance

Danske Bank looks to Windward for help with maritime financial crime compliance

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Danske Bank is partnering with UK-based data analytics company Windward to digitise and automate aspects of its crime compliance controls in maritime financial trade. The...
Nordic Capital acquires BearingPoint RegTech

Nordic Capital acquires BearingPoint RegTech

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Private equity firm Nordic Capital plans to support RegTech’s next phase of innovation and sustainable growth after acquiring the regulatory reporting business from BearingPoint. The...
Acin raises $12 million as investors back its solution for 'under-served' operational risk

Acin raises $12 million as investors back its solution for ‘under-served’ operational risk

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UK-based regtech company Acin has raised $12 million in series A funding to spearhead efforts to create a complete front-to-back-office solution to assess and...
Virtual identity verification startup Onfido raises $100 million

Virtual identity verification startup Onfido raises $100 million

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Virtual identity verification startup Onfido has raised $100 million (£80.3 million) in funding. Private equity firm TPG Growth led the funding round, which takes London-...
Ethoca partners with Microsoft to give customers easy access to digital receipts

Ethoca partners with Microsoft to give customers easy access to digital receipts

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Mastercard company Ethoca, the provider of a counter-fraud and chargeback management system for banks and merchants, has partnered with Microsoft to give its customers...
Acin - Unknown unknowns

Acin: Unknown unknowns

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Acin founder and chief executive officer Paul Ford discusses the rise of operational risk and how data and knowledge sharing can help to mitigate...
Accuity acquires Apply Financial for payment processing upgrade

Accuity acquires Apply Financial for processing upgrade

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Compliance and payments solutions provider Accuity has acquired London-based Apply Financial, whose payment validation solutions lower the cost of payment processing, for an undisclosed...
Know Your Customer supplies SIX Group with due diligence platform

Know Your Customer supplies SIX Group with due diligence platform

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Regtech provider Know Your Customer is supplying Swiss financial infrastructure operator SIX Group with a due diligence platform to strengthen its procurement process and...
Broadridge completes acquisition for fund data firm

Broadridge completes acquisition of fund data firm

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Fintech incumbent Broadridge Financial Solutions has completed its acquisition of European market fund document and data dissemination firm FundsLibrary. The acquisition, which was announced last...
Financial data network Akoya spun off as independent company

Financial data network Akoya spun off as independent company

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Financial data network Akoya has been spun off as an independent company less than a year after its launch. FMR, the parent company of Fidelity...
SteelEye raises $10m to build on market momentum

SteelEye raises $10m to build on market momentum

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London-based regtech SteelEye plans to use $10 million raised through its series A funding round to build on significant market momentum and grow as...
Veridium rolls out facial recognition tech

Veridium rolls out facial recognition solution for better security

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London-based startup Veridium has launched its facial recognition technology, vFace—promising high-end security to users around the world for mobile banking and other high risk...