Transaction Monitoring

Sentinels, a transaction monitoring startup, has closed its seed round on €5.7m to support the development of its products.

Estonian identity verification firm Veriff has launched its new Anti Money Laundering (AML) compliance to aid companies in complying with AML regulations.

Computer Services Inc (CSI) will participate in the FedNow pilot program with the aim of increasing the adoption of instant payments in the US.

Interpol claims it has intercepted $83m belonging to victims of online financial crime from being transferred into the accounts of their hackers.

While Covid-19 continues to haunt us, the FinTech industry continues to rake in millions of dollars. Neobanks and cybersecurity companies were the top-scoring sectors to raise investment among the 42 rounds that FinTech Global reported on last week.

Swedish FinTech giant Klarna has suffered a ‘self-inflicted incident’ which has led to around 90,000 users being able to see other people’s accounts.

A biodiversity module has been introduced to help financial institutions (FIs) explore to what extent their portfolios may impact species extinction and ecological integrity.

A survey has found 70% of respondents believe organisations have a responsibility to demonstrate environmental, social and governance (ESG) performance to investors.

Swiss FinTech Neon has introduced a sustainable bank account for its customers available through its mobile app.

A dark web hacker has pleaded guilty to stealing information from 65,000 employees of the University of Pittsburgh Medical Center (UPMC).