RegTech

HSBC has introduced the Risk Advisory tool, a solution aimed at helping the management of credit more efficiently for risk and trading teams.

Documents from the US Financial Crimes Enforcement Network (FinCEN) were leaked to the press and published globally in September 2020. The leak involved over 2,100 documents and around $2trn in transactions and showed how some of the world’s largest banks enabled criminals to move dirty money around the globe. A year on, has the industry been able to clean up its act?

The US Cybersecurity and Infrastructure Security Agency (CISA) has released a tool that will allow organisations to assess vulnerability to insider threats and create defence plans.

Digital identity command centre Alloy has secured $100m in its Series C funding round, bringing its valuation to $1.35bn.

Identity risk solutions business SecZetta has secured $20m from a Series B funding round led by SYN Ventures and MassMutual Ventures.

A recent webinar by Alessa has examined what constitutes a politically exposed person (PEP) and why relationships with certain PEPs may offer increased financial crime threats.

Data and analytics software firm Quantexa has closed off its Series D funding round with a strategic investment from investment banking company BNY Mellon.

Cocoon has launched the first full-suite software solution that removes complex leave processes, alongside the close of its Series A funding round.

Edge security and content deliver firm Akamai Technologies is set to purchase micro-segmentation company Guardicore for a total of $600m.

Trade surveillance and market risk solutions developer Eventus Systems has made three key hires in the EMEA to support its continued international growth.