Compliance Management

Managing any financial services company can be fraught with risk. Many FIs require close to constant risk analysis to make sure the company is remaining compliant and proper, as well as looking out for being targeted by criminals.

Finicity, a Mastercard company, and PayTech company Fiserv has teamed up to boost open finance through secure data sharing.

Wherever you look in the financial sphere, the competition is fierce. Attention is at a premium in the modern digital world, meaning financial institutions need to find a way to grab this attention with both hands.

Effectiv, a developer of no-code risk management service, has scored $4m in its seed funding round.

RegTech firm Know Your Customer has partnered with business expansion specialist Tricor to simplify and digitise Tricor’s onboarding and AML processes across Asia.

Payments services provider Ping Payments has chosen transaction monitoring and client risk management platform Sentinels to reinforce its AML controls.

The Bank of England has teamed up with the Massachusetts Institute of Technology (MIT) for a 12-month research project around central bank digital currency (CBDC).

The European Securities and Markets Authority (ESMA) has fined trade repository Regis-TR $186,000 due to eight breaches of the European Market Infrastructure Regulation.

Trustero, a startup offering a compliance-as-a-service solution, has snared $8m from a seed funding round after a period of stealth.

Cloud tokenisation provider TokenEx has raised $100m for its Series B funding round, which was led by K1 Investment Management.