RegTech

The Corporate Sustainability Reporting Directive (CSRD) is a pivotal framework that has redefined ESG reporting in the European Union (EU). Enacted by the European Commission in November 2022, CSRD marks a significant step towards enhancing corporate sustainability reporting and bringing about greater transparency and accountability.

Tanzania-based NALA Money has partnered with global identity verification provider Veriff to improve secure access to financial services.

Didomi, which makes managing consent for customer data easier, has bagged $40m in its Series B round, which was led by Elephant and Breega.

FrankieOne, a dashboard that helps banks and FinTechs improve KYC and AML compliance, has reportedly raised $20m in its Series A round.

Private equity firm Anacapa Partners has acquired communications platform Auronix for an undisclosed amount.

Database technology solutions provider DBmaestro has bagged a $4.5m investment round led by Vertex Ventures.

The European Parliament has voted for a resolution that calls for the ban of AI-powered biometric mass surveillance technologies such as facial recognition across the continent.

Canadian user authentication company Zighra has launched SensifyID, an AI-powered continuous authentication and threat detection platform.

While the downfall of Wirecard may the big story in the FinTech industry, it would be a mistake to not take a closer look at the investment rounds announced in the sector over the past seven days.

Healthcare RegTech company FraudScope has received $1.5m in a seed funding round, to help scale customer acquisition and increase product development.