Industry News

Summer, a firm committed to addressing the US student debt crisis, has recently raised $6m in new funding.

Translucent, a UK-based accounting software platform, has secured £2.7m in a pre-seed round headed by Wise and LocalGlobe.

The dynamic world of RegTech in Taiwan's financial industry is one that is constantly evolving, driven by a growing demand for innovative solutions and promising future prospects. Supporting this transformation is Flagright, an innovative no-code centralised AML compliance and fraud prevention platform causing ripples in the financial sector.

IP Fabric, a market frontrunner in automated network assurance, has successfully procured $25m in a Series B funding round.

QBE North America has launched a new cyber insurance program with Converge, a new MGA that will act as program administrator. 

Swiss authorities recently took action against the daughter of Uzbekistan's former president, accusing her of crimes such as money laundering and bribery. This resulted in an asset freeze to the tune of $483m.

Tink has found that attracting Gen Z is deemed a key hurdle by UK banking executives, with over half (57%) identifying it as one of their foremost challenges for the upcoming year.

Today, the growing complexity of financial operations coupled with an ever-evolving regulatory landscape has magnified the importance of AML compliance in businesses. Especially in FinTech companies, the timing to bring an AML Officer on board is pivotal to the firm's overall trajectory.

Aliaswire, a trailblazer in advanced technological solutions, recently launched PayVus, a state-of-the-art platform created to aid small and midsize business (SMB) owners.

Kanastra, a FinTech company in Brazil's capital markets infrastructure landscape, recently announced a significant financial milestone.