Firms paid $10.4bn in fines over the last year for breaking money laundering, privacy...
The total volume of fines levied against firms for breaking money laundering, data privacy, MiFID and know your customer rules jumped by 141% and amounted to $10.4bn in total so far this year.
Singapore authorities launch new infrastructure for improved financial management for citizens
While open banking is still to be fully realised in Europe and the US, Singaporean authorities have joined forced to launch a digital infrastructure that offers something similar.
What do these 28 FinTech rounds from last week reveal about the industry
Last week week saw 28 FinTechs close investment deals. Three sectors in particular proved especially successful.
Signzy has secured $3m in new funding
India-based Signzy has added another $3m to its coffers just months after the startup raised $5.4m in a previous round.
TRAXX Payments has enlisted Acuant’s KYC solutions
Payment processing provider TRAXX Payments has tapped identity verification business Acuant to create a seamless digital know your customer (KYC) process for its clients.
Cybersecurity, InsurTech and neobank ventures led the 29 FinTech rounds raised last week
Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.
RegTech Detected bags £600,000 in seed capital
Business verification platform Detected has secured £600,000 in a funding round led by EmergeVest alongside a smattering of angel investors.
IDnow could have achieved “game-changing” first with new AI identity verification product
RegTech IDnow has unveiled its new identity verification product AutoIdent Substantial.
Why Onfido’s CEO and co-founder is stepping down
Global identity verification and authentication provider Onfido has announced a major shift in its leadership as CEO and co-founder Husayn Kassai is stepping down from his role.
Neobanks and InsurTech startups among the 23 FinTechs raising money last week
Challenger banks and InsurTech ventures stood out among the 23 FinTech companies that successfully raised money last week.