Anti-Fraud

Ireland’s healthcare service has temporarily been forced to shut down its computer systems as a precaution following a significant ransomware attack.

Hong Kong-based forensic RegTech company Austreme has received approval for a patent for its e-commerce card testing fraud detection system.

Fraud management platform Riskified has filed for its IPO on the New York Stock Exchange.

The European Union’s new Anti-Money Laundering Authority (AMLA) is being welcomed by many professionals in the financial services space.

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

UK watchdog Financial Conduct Authority (FCA) has fired a warning shot at the cryptocurrency industry, signalling it could soon come under greater regulatory scrutiny.

Documents from the US Financial Crimes Enforcement Network (FinCEN) were leaked to the press and published globally in September 2020. The leak involved over 2,100 documents and around $2trn in transactions and showed how some of the world’s largest banks enabled criminals to move dirty money around the globe. A year on, has the industry been able to clean up its act?

Phishing protection provider SlashNext has secured $26m from a recent financing round.

Security ratings firm BitSight has partnered with Marsh McLennan to support companies in better understanding, measuring and manage their cybersecurity risks.

After a tough 2020, the world looked to 2021 with the optimism of a new beginning and hoped for respite from the Covid-19 pandemic. While the pandemic still looms large, businesses globally are learning how to operate in this new normal. With in-person interactions still a stretch for many, RegTech solutions are being given their time to shine.