RegTech

Online fraud management platform CashShield has secured a $5.5m Series A strategic investment led by GGV Capital.

TypingDNA, a behavioural biometrics solution, has scored $7m in its Series A round which was led by Google’s AI-focused venture firm Gradient Ventures.

Innovations in anti-money laundering (AML) are leading to many businesses reenvisioning how they approach compliance. As financial institutions welcome modern technologies to better adhere to regulations, they realise other benefits from automating their AML practices, says QuantaVerse Founder David McLaughlin.

Research by global software firm Nuix has found that UK customers are leaving their banks due to complaint mishandlings during the pandemic.

AI-powered compliance company Ascent has deployed its technology to an unnamed New York-based broker-dealer firm to improve their compliance processes.

Chester-based edtech firm, iAM Compliant Limited, which specialises in providing eLearning courses and a cloud-based compliance platform, has successfully secured a funding round.

Secure digital identity network ID.me has raised $132m in its Series D funding round and appointed Samantha Greenberg as its new chief financial officer.

FinTech Global recently spoke to multiple industry players to get their insights on whether financial institutions are keeping up with modern sanction/PEPs lists monitoring requirements. The first part can be read here. In this second half, FinTech Global asked the industry leaders to outline some of the best practices they have seen in the market and how to stay on top of the lists.

Solidus Labs, a machine learning-powered trade surveillance platform, has secured $3m in its seed round of funding.

Australians lost a record amount of over $2bn to scams in 2021, according to the annual report from the Australian Competition & Consumer Commission (ACCC).