Risk Management

In a world that is continuing to become more connected and less restricted by place, there are growing challenges surrounding the increasingly fluid nature of financial crime. Prior to 2020, financial crime in the digital world was already growing. However, with the onset of the pandemic, this practice was set to skyrocket.

PFITR (Public Funds Investment & Reporting), a SaaS company aiming to help institutional investors managing tax dollars better oversee their portfolios, has taken on $200,000 in a convertible note offering.

The US Securities and Exchange Commission has put forward rule changes to require registrants to include certain climate-related disclosures in their statements and reports.

The Financial Crimes Enforcement Network (FinCEN) has issued a consultation that is seeking comments on ways to modernise, streamline and update the US AML/CFT regulatory regime.

Energy derivatives FinTech business AEGIS Energy Risk has picked up investment from US private equity house Baird Capital.

Banks in Taiwan will undergo mandatory climate change stress tests in 2023 to measure the impact of a range of potential environmental disasters on lenders’ assets.

The Financial Conduct Authority (FCA) has revealed it is establishing a new advisory committee to its board to work on ESG challenges.

After over a year since it was announced, the Consumer Duty regulation has finally come into effect in the UK this week.

Founded in 2015, Know Your Customer provides digital onboarding solutions to financial institutions and regulated organisations globally. The company builds its KYC platform as an interconnected set of web apps, APIs, databases and pre-trained machine learning models – and is helping to change the game in digital corporate onboarding.

The UK may have been the European RegTech leader for years, but the question is if this could change because of Brexit.