RegTech

From helping businesses survive the coronavirus crisis to revolutionising finance, Funding Options is bullish about the impact open banking could have as the FinTech embraces the data-sharing scheme.

LuLu Exchange, which provides cross-border remittance, currency exchange and other financial services, has bought in Fiserv’s AML Technology.

Global bank ING and data analytics software company Quantexa have announced a strategic partnership.

RegTech 100 company Skyhigh Networks, a provider of cloud security and enablement, has been purchased by cybersecurity giant McAfee.

Docupace Technologies, a digital compliance and cyber security company, has raised $16.5m from Palisades Growth Capital and TVC Capital.

Smile Identity, a provider of identity verification in Africa, has acquired the parent company of Appruve, which helps firms use financial and identity data for detect fraud.

Singaporean FinTech is popping. A slew of international players has noticed and has jumped on the opportunity to cut out a slice of the pie for themselves.

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.

Taiwan’s Financial Supervisory Commission (FSC) has issued guidelines for banks and insurers on the climate risk disclosures they will be required to make from 2023 onwards.

Fenergo, a leading provider of digital Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM) solutions, and Coinmotion, a Finland-based cryptocurrency service provider, are partnering to streamline anti-money laundering (AML) compliance processes.