Risk Management

RegTech firm Regnology has launched a first ESG reporting module for its flagship product Abacus360 Banking.

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 Australian Transaction Reports and Analysis Centre (AUSTRAC) has teamed with government agency Services Australia to launch a financial crime guide.

Process management - be it for client lifecycle management, risk management and compliance or corporate governance - for regulated companies is high-volume and time-intensive yet getting it right is critical to ensuring a firm remains efficient, regulatory-compliant and competitive.

Her Majesty's Revenue and Customs (HMRC) reported 17 serious data breaches to the Information Commissioner’s Office (ICO) between January 2020 and March 2021.

The European Banking Authority (EBA) has launched a public consultation on its draft guidelines for the use of remote customer onboarding solutions.

Elliptic, a cryptoasset risk management provider, has closed its Series C round on $60m, as it bolsters its market position.

A partnership between wealth manager Artorius and sustainable FinTech Sugi will look to provide personalised information about the climate impact of investments.

The market opportunity for trade surveillance systems is steadily rising. A recent report from The Insight Partners asserted that the market will reach $2.7bn by 2028 – rising from $850m in 2019. Back in 2014, Travis Schwab sensed there would be growing demand for the sector and decided to capitalise on the gap in the market by founding Eventus Systems.

As investment into RegTech skyrockets in 2021, RegTech Analyst has named the 100 must know companies in the sector as we head into 2022.