Compliance Management

Customer risk assessment is where the company assess which type of risk a potential customer poses, whether they are existing or new clients.

Despite the rising usage of cryptocurrency, regulations are still quite bare and confusing. Principal to this is crypto tax reporting, which some countries are setting rules for, before even clarifying taxation laws.

The three European Supervisory Authorities (EBA, EIOPA and ESMA) have held a joint digital public event to discuss the Digital Operational Resilience Act (DORA).

Elementus, a blockchain intelligence platform aimed at helping financial institutions and crypto exchanges, has raised $10m in its Series A-1 round.

Staxxer, a Netherlands-based platform for VAT compliance in e-commerce, has reportedly raised €1m in funding.

Following the invasion of Ukraine, financial institutions have seen a tidal wave of sanctions. Implementing strong sanctions screening tools enables FinTechs and neobanks to bolster their market reputation.

Holistic views of integrity risks within the supply chain allows teams to reduce the potential for illicit activity to slip through the net, according to Quantexa.

RegTech firm Clausematch has launched a digital knowledge graph on open soucre a bid to help companies consume and interpret ever-changing regulations.

There are countless client lifecycle management (CLM) platforms in the market. To separate the best from the rest, KYC Portal believes firms should look at its flexibility.

Corlytics, a regulatory risk intelligence platform, has acquired ING SparQ to enable digitalisation across the regulatory change lifecycle.