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.

Israel-based Apono, which helps enhance permission management, has reportedly raised $5m in its seed round.

Hawk AI, Germany-based software provider of anti-money laundering surveillance technology for banks, payment firms and FinTechs, has partnered with Weavr to deliver contextual risk management for embedded finance.

A recent post by RegTech firm Acuminor has examined the connection between environmental crime and financial crime and why it matters.

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 Monetary Authority of Singapore (MAS) has signed a memorandum of understanding with non-profit CDP to promote sustainability disclosures access to quality ESG data.

Shufti Pro, identity verification solution provider, has raised $20m in Series A funding led by Updata Partners.

The Bank of England has called on crypto companies to make sure sanctions are enforced in light on the continuing conflict between Russia and Ukraine.

German RegTech Hawk AI has partnered with IXOPAY, a payment orchestration platform, to provide the former clients with a better fraud prevention offering.

A recent assessment by the European Central Bank (ECB) on the progress European banks are making in disclosure climate risks has revealed a lot more is yet to be done on this front.