RegTech

On New Year's Eve, Travelex, the foreign exchange company, shut down some of its services due to a ransomware attack, stranding travellers without access to money.

The international Financial Action Task Force (FATF) has suspended its evaluation of Australia's anti-money laundering (ALM) laws, which some suspect was motivated by an ambition to save country’s government more embarrassment.

BankBridge, a Norwegian provider of PSD2 and open-banking solutions, has reportedly raised NOK17.8m (?1.84m).

A new report from Juniper Research, a leader in FinTech and payment market analysis, has found that by 2028 the application of AI in identity verification will dramatically reduce the average digital onboarding check time from over 11 minutes in 2023 to under 8 minutes.

Zeidler Group has expanded its ESG Services Division with the launch of its Global Knowledge Hub – Sustainable Finance module through its Zeidler Swift platform.

Regulatory risk intelligence platform Corlytics is reportedly expecting to close a €10m investment by the end of the first quarter.

Tender Armor, a global fraud prevention payments technology provider, has closed a multi-million-dollar Series A round.

ZA Bank, which claims to be Hong Kong’s first virtual bank has selected Wolters Kluwer’s OneSumX to handle its regulatory reporting needs.

Digital application security platform ShiftLeft has raised $20m for its Series B round to support expansion of its available products.

The European Securities and Markets Authority (ESMA) has published a letter to the European Commission around the findings of a call for evidence on ESG ratings.