Industry News

As firms finish their first annual EU taxonomy reporting procedures, Position Green taxonomy expert Tony Christensen has looked back on some of the pain points and lessons to be learned.

Art money laundering refers to the concealment of the origins of illegally obtained funds through the purchase and sale of art.

Daylight, a neobank tailored to the LGBTQ+ community, has announced its imminent closure. According to CEO Rob Curtis, the company's operations will end on 30 June, a report from TechCrunch claims.

BuildESG, a membership-based intelligence platform in the private markets, announced an upgrade to its existing BuildRI software suite.

Evaluating the business line of potential clients is a key part of Know Your Customer (KYC) procedures in commercial relationships. However, analysts often spend substantial time utilising search engines and other manual processes to establish a client's Line of Business. This allows them to assess the risk involved in onboarding records or transactions.

In a significant development reported in October 2023, the United Arab Emirates (UAE) is on the cusp of being removed from the Financial Action Task Force's (FATF) "grey list."

SydeLabs, a startup specialising in security and risk management for Generative AI, has announced a significant milestone in its journey.

Medius, a forerunner in AP Automation and comprehensive Spend Management solutions, has recently embarked on a strategic alliance with Caatalyst, a global recovery audit powerhouse. This collaboration denotes Medius's maiden voyage into the realm of AP Audit Profit Recovery.

Concirrus has announced a new partnership with Insurity that will see it deliver unique predictive data models for marine insurers. 

NymCard, a pioneer in payment infrastructure in the MENA region, has finalised the acquisition of Spotii, a BNPL firm.