Compliance

Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.

Fulfilling reporting obligations is not always easy for regulated companies, but knowing what mistakes to look out for can, at least, lighten the burden ever so slightly.

Blockchain analysis company Chainalysis has closed a $100m Series C financing round led by Addition, bringing its valuation to over the $1bn threshold.

Retirement plan compliance platform Advice Analytics has reportedly won $235,000 at the Seattle Angel Conference.

Fraud-fighting RegTechs and digital payment providers were among the 34 rounds raised by the FinTech industry last week, areas that are becoming more important during the pandemic.

Influencer and Mastercard-backed FinTech Lanistar is not allowed to operate in the UK, the Financial Conduct Authority has warned.

BearingPoint RegTech has launched an outsourcing solution for regulatory reporting that will diminish the cost of compliance for institutions.

Swedish FinTech Trustly is experiencing a growth spurt, having recently picked up a cash injection from BlackRock and expanding to Australia and Canada. It has now tapped Napier to ensure it can maintain the growth in a compliant way.

Sigma Ratings and Fitch Group warn in a new report that banks and financial institutions could face serious risks if they neglect to tackle financial crime, oversight and governance risk.

The UK financial watchdog has banned three individuals from working in finance after they were convicted for different sexual crimes.