Risk Management

The Monetary Authority of Singapore (MAS) has imposed a penalty of S$1m on a Singapore-based bank branch for not complying with its anti-money laundering and terrorism financing acts.

Swedish bank Ikano has chosen UK RegTech platform TruNarrative to provide digital onboarding and fraud risk management services for its company.

Transaction lifestyle management provider SmartStream Technologies has boosted its global footprint with the launch of SmartStream Air version 3.

The chairman of the US Federal Reserve Jerome Powell has claimed he is more worried about cyber risk than the possibility of another financial crash.

New York-headquartered network security firm DoControl has commercially launched its fully automated SaaS security platform on the back of receiving $10m in Series A funding.

RegTech startup Thirdfort has snared £1.5m in fundraising as it seeks to ramp up product development.

Virginia-based cybersecurity firm SafeGuard Cyber has secured $45m in equity and debt financing to help expand its reach in the digital risk protection market.

Digital asset venues are finding a robust trade surveillance program reinforces market integrity and attracts investors used to operating in more transparent environments, according to regulatory expert Joseph Schifano.

Chicago-based Aclaimant has closed a $15m Series B equity and debt funding round led by Next Coast Ventures (NCV).

Abrigo, a provider of compliance, risk and lending services, has received a strategic investment from funds managed by Carlyle.