RegTech

In a shocking revelation, a recent survey has highlighted that 36% of firms in the emerging financial sectors of the UK have fallen prey to either money laundering or financial crime in the last half year. The banking sector has been particularly hard-hit, emerging as the most affected sector.

Global FinTech platform Ayden has revealed that its UK branch has been granted authorisation as a UK bank.

Sweden-based ZealiD, a prominent EU digital identity and qualified trust service provider, has joined hands with tech giant, Microsoft.

Signicat, a dominant figure in the European Digital Identity sector, recently made a significant move by incorporating the Italian e-identity system, SPID (Sistema Pubblico di Identità Digitale), into their electronic identity range.

Custodia, a preeminent provider of regulated digital data services, has announced the launch of its CC1 Messaging service. This pioneering off-channel communications compliance tool is designed to capture and archive conversations from employees' personal devices on prominent platforms such as WhatsApp, MS Teams, and SMS.

Strise has secured $10.8m in its series A funding round, as it looks to redefine anti-money laundering (AML) automation.

myZoi has raised $14m and obtained two regulatory licenses from the Central Bank of the UAE, as it looks to bolster financial inclusion across the UAE.

Arendt Services, a prominent investor and corporate services provider based in Luxembourg, has announced a strategic partnership with Fenergo, a leading Client Lifecycle Management (CLM) solution provider.

Comprehending and deconstructing compliance obligations is the initial phase of a systematic Know Your Obligations (KYO) strategy. The primary goal here is to identify the main areas where attention should be centred. To put it simply, the central question becomes: What should we be monitoring?

Westpac has announced the launch of new digital payment security features to help combat scam losses.