RegTech

The Financial Ombudsman has received over 3,500 complaints related to Covid-19 so far this year.

Robert F. Smith, founder and chairman of Vista Equity Partners, has called for a FinTech revolution to help minority-owned SMEs survive through the coronavirus pandemic.

US identity verification company Vouched has secured $4.5m in capital from a highly subscribed funding round.

SaaS FinTech eliminating AP fraud with automation OpenEnvoy secured $6.5m led by Riot Ventures to expand its automated invoice auditing capabilities.

Payments solution company Lemon Way has chosen Accurity to streamline its financial crime compliance process.

Elpha Secure Technology, a cyber insurance startup that combines proprietary cybersecurity software with coverage to improve risk transfer, has raised $20m in Series A funding.

Last year, the EU started to roll out its strong customer authentication (SCA) rules to make it safer to buy things online, but it seems it is making customers abandon their purchases, according to new Microsoft research.

Keeper Tax, a tax filing software platform for gig workers, creators and freelancers, has closed its Series A round on $13m.

Digital bank Monzo is being investigated by the Financial Conduct Authority (FCA) over potential breaches of financial crime regulations.

San Francisco-based identity infrastructure company Persona nabbed $50m in a Series B funding round led by Index Ventures with participation from existing investor Coatue.