Compliance

The monetary authorities in Hong Kong and China have agreed to create a one-stop sandbox platform to help companies develop cross-border FinTech products quicker.

Australian RegTech firm Arctic Intelligence has entered into strategic alliance with FrankieOne to strengthen financial crime synergies between the two.

In an age where the proliferation of financial mobile applications in increasing on a huge scale, the rise of financial ‘super apps’ may seem the logical conclusion of such a rise.

Sentinels, a transaction monitoring and client risk management platform, has been selected by Netherlands-based neobank Brand New Day to scale its anti-money laundering (AML) controls.

Velotix, a data security platform that governs, logs, and controls compliant access to data throughout the data access lifecycle, has closed its seed round on $10m.

Final guidelines aimed at bolstering third-party risk management in banking organisations have been issued by a cohort of federal bank regulatory agencies. This initiative is designed to help such institutions better navigate the risks arising from relationships with third-party entities, with a particular emphasis on financial technology, or FinTech, enterprises.

Ripple will no longer acquire chartered trust company Fortress Trust, following the news that Fortress lost $15m worth of customers' digital assets.

Ascent Technologies, a leading provider of AI-enabled compliance automation solutions for financial services companies, has revealed that it has completed the strategic acquisition of Waymark.

RegTech startup HyTrust, which specialises in security, compliance and control software, has landed $36m in a Series E funding round.

The European Union has warned that it will regulate cryptocurrencies if an effort is not made to tackle risk.