Study finds AML compliance costing UK firms over £28bn a year
A study by LexisNexis Risk Solutions has found anti-money laundering (AML) compliance is costing UK financial institutions £28.7bn and will raise to £30bn by 2023.
Cyber firm SentinelOne eyes IPO price as it gears up for offering
Cybersecurity firm SentinelOne has revealed it intends to raise up to $928m on its initial public offering (IPO) as it anticipates an IPO price range of between $26 to $29 per share.
TrueLayer unveils Verification API to simplify onboarding process
UK open banking platform TrueLayer has launched a new Verification API to make the onboarding process for its customers easier.
Finastra, Uni Systems join forces to deliver treasury, payments and risk solutions
Open platform that accelerates collaboration in financial services Finastra has established a new partnership with information and communications technology (ICT) systems integration company Uni Systems to help European financial institutions undergo digital transformation.
ComplyAdvantage adds KYB data to create financial risk detection graph of individuals and businesses
Global financial crime risk data and detection technology provider ComplyAdvantage has added Know Your Business (KYB) data to create a unified data graph of individuals and business entities to double down on financial crime risks.
Criptonite AM and Wave Financial team up to help investors get access to regulated...
Swiss wealth management company Criptonite Asset Management entered into a partnership with SEC-regulated digital asset investment manager Wave Financial to address the increasing demand from European investors on crypto-related products.
Accenture invests in Zurich-based payments-as-a-Service platform Imburse
Accenture made a strategic investment, through its VC arm Accenture Ventures, in cloud-based, payments-as-a-service enterprise platform Imburse.
Micro payments service Shrap unveils pilot program to examine future of cash
A pilot program by UK micropayments firm Shrap has begun two pilot programs in Essex and Denny, Scotland to trial and test scalable solutions to help keep cash sustainable.
Digital credit platform Kredivo lands $100m to offer BNPL services in Indonesia
Indonesia-based digital loans and credit platform Kredivo added to the initial $100m debt facility closed in July 2020 to a new total of $200m.
Deutsche Bank, Fiserv team to launch payment acceptance venture in Germany
Deutsche Bank and Fiserv have collaborated to create a comprehensive provider of payment acceptance and banking solutions in the German market.