Industry News

In 2023, new technologies entered the market that brought new challenges for financial services firms to remain compliant, RegTech was given the opportunity to provide the solutions necessary to fix this issue. Whilst the industry may be still relatively unknown beyond the shores of finance, its importance cannot be understated.  

Behavox, an AI-driven compliance solutions firm, has partnered with BNY Mellon to enhance the latter's compliance program.

Recent hearings have shed light on the growing concern of artificial intelligence (AI)-enhanced cyber threats, particularly for SMEs. 

Kapital, a dynamic global bank and tech platform, has announced a significant financial raise, securing a total of $165 million in funding.

Promon, an application shielding technology firm, recently identified a new cyber threat named FjordPhantom targeting banks in Southeast Asia.

Meniga, a personal finance management solutions firm, has announced it has secured €15m in Series D investment.

Jenesys AI, a trailblazer in B2B invoice management and payments, has pulled in new funding in its $1.1 million pre-seed investment raise.

Andalusia Labs, a blockchain security solutions firm, has raised $48 million in a Series A funding round, achieving a valuation of $1 billion.

Nearpay, a Saudi FinTech startup specialising in payment infrastructure as a service, has achieved a milestone of raising $14m funding.

Mirae Asset Wealth Management, a financial services group operating in 15 countries, has announced a strategic partnership with Velexa.