Risk Management

US identity verification company Vouched has secured $4.5m in capital from a highly subscribed funding round.

Crypto-focused digital payment ecosystem MobileCoin has closed a $66m funding round as part of a wider effort to bring more of its products and services to the market.

The Organisation for Economic Co-operation and Development (OECD) has published a new report offering policy advice on the regulation of AI in financial services.

NYC-based data collaboration platform provider InfoSum raised $65m in Series B funding to help companies match customer data in a privacy-compliant way.

A survey by fraud prevention solutions provider Riskified has found 82% of retailers believe they have seen a climb in fraud attempts since the start of the Covid-19 pandemic.

Wealth management institutions have been dealing with greater complexity in areas of compliance and regulation. As the number of jurisdictions increases, so does potential liability and, as a result, global companies must embrace digitalisation to stay clear of legal hot waters.

A blogpost by RegTech firm Cognitive View has detailed the security and compliance risks that come with using video communication tools while working remotely.

Irish RegTech firm Fenergo has been successfully acquired by private equity firms Astrong and Bridgepoint in a $600m agreement.

The China Banking and Insurance Regulatory Commission (CBIRC) has called on online insurance firms to conduct self-assessments to identify violations and make corrections.

The Securities and Exchange Board of India (SEBI) has merged its rules for debt securities into a single regulation to ease the regulatory compliance burden on organisations.