RegTech

Asset manager and funds services provider Global Merces has launched a new RegTech solution to automate the online processing of managed fund applications.

In the face of current economic tribulations, companies are tightening their belts, seeking value in every pound spent. At the same time, criminal activity, particularly financial crime, escalates during such precarious times, amplifying the demand for effective and resilient financial crime mitigation programmes.

Three US government agencies have issued a joint cybersecurity advisory on Russia as anxieties around a potential invasion of Ukraine by the latter mount.

Biometric-enabled payment company Zwipe has raised NOK96m ($10.63m) in a post-IPO round to fuel the further development of its service well into 2021.

In the dynamic realm of risk management, pivotal factors are reshaping the role of risk executives. Financial crimes compliance, a pivotal aspect of risk management, necessitates vigilance and innovative strategies. Among these, four key factors—Revenue, Cost, Ethics, and Regulation—stand as paramount forces propelling risk leaders into the future.

Secure data sharing startup InfoSum has raised $15.1m in a Series A round led by venture capital firms Upfront Ventures and IA Ventures.

US firm Kroll has introduced Kroll Business Connect, a new know-your-customer (KYC) tool to bolster the onboarding efficiency and KYC checks.

With the Financial Conduct Authority's (FCA's) Consumer Duty deadline just 50 days away, almost half of firms are unsure about the implementation timeline, a new Bovill survey indicates.

The US’ Financial Crimes Enforcement Network (FinCEN) has issued guidance around regulatory requirements of virtual currencies.

IT consultancy giant Accenture has suffered a ransomware hack at the hands of ransomware group LockBit 2.0.