Communications Monitoring

From crypto startups raising millions despite Elon Musk pulling out of the bitcoin frenzy to subscription-based firms capitalising on the Covid-19 crisis, this is what you can learn from the 40 FinTech funding rounds of last week.

When Covid-19 swept the world at the start of 2020, no one had any idea how much the pandemic would change the way we live and work. As in-person restrictions continue to fester two years on, how has the opportunities provided the pandemic impacted the RegTech industry?

UK firms could be the next to face greater regulatory scrutiny and fines for off-channel trading communications, according to a survey by Global Relay.

This list identifies the world’s most promising enterprises developing solutions to solve financial services firms and other businesses’ risk management, compliance and cybersecurity concerns.

With social distancing rules having forced many professionals to work from home, SteelEye has decided to offer its compliance technology for free to businesses.

Collaboration security and compliance technology company Theta Lake has added an award-winning cybersecurity executive to its board of directors and two security industry leaders to its roster of advisors.

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

Prior to co-founding Theta Lake, Devin Redmond spent more than two and a half decades in the security and compliance space. During his time in the industry, he and his fellow co-founders identified a gap in the market – a clear opportunity to develop a more modern solution that was needed for communication compliance and next generation data protection.

The realm of forms management is currently witnessing a significant turning point. With the increasing demands of customers and employees, companies are constantly striving to maintain technology costs whilst introducing in-house solutions.

The 2010s saw business leaders realise the importance of compliance. However, RegTech could get even bigger in the next decade, believes Kristoff Zammit Ciantar, CEO of KYC Portal.