RegTech

Australian compliance software specialist Castlepoint Systems has completed a $3m Series A funding round led by Main Sequence.

Castlepoint helps businesses sift through complex data to reduce risk and create actionable insights.

Atom bank has picked RegTech SurePay to help the app-based bank to fight fraud and prevent misdirected online payments with its Confirmation of Payee solution.

New Zealand-based RegTech startup First AML has bagged $5.4m in its Series A round, which was led by Bedrock Capital.

Wealth management compliance platform SmartRIA has acquired Greytwist Data Governance for an undisclosed amount.

After a scathing survey revealed that only one in four FinTech founders believe the UK government has been sufficiently supportive during the pandemic, PayU is now asking it to adopt a global perspective.

In its mission to rebuild trust in the banking industry, Icelandic neobank indó has signed a partnership with Lucinity to bolster its anti-money laundering (AML) defences.

Chargeback fraud, an ever-present issue affecting businesses of all kinds and sizes, results in losses totalling to billions annually. The surge in eCommerce has coincided with an increase in such fraudulent activities, and this alarming trend is expected to continue.

Fraud-prevention technology for online retailers Forter has raised $32m in a Series C round from Scale Venture Partners.

Combating money laundering and fraud is a tall order and while AI technology is being utilised to improve the battle, leveraging name science is key to unlocking the technology’s full potential.