The escalation in compliance failures associated with managing financial crime risks has accentuated the need for regulated businesses to bolster their strategies. The evolution of the risk landscape, marked by the increasing sophistication of criminal networks employing innovative money laundering techniques, raises the stakes for regulatory compliance in 2023.

KYC Portal has helped clients reduce the time to onboard customers by 55%, whilst also helping reduce the risk exposure.

Fairly AI, which has built an oversight and risk management platform for AI, has reportedly raised $1.7m in fresh funding.

Evergrow, an all-in-one platform for clean energy tax credits, has raised $7m in its second round of financing.

Triver, which offers short-term working capital loans to SMEs, has raised £7m in a funding round.

Pathpoint, a digital, modern wholesaler, has partnered with Vave to expand to commercial property offering.

Trustible, a software firm that helps companies speed up responsible AI governance, has arisen out of stealth with $1.6m.

Data security platform Dasera has secured $12m in its Series A funding round, which was led by Storm Ventures.

Cequence Security, a provider of UAP, has received an investment of an undisclosed amount from venture capital firm Cequence.

nZero, a near real-time carbon management and accounting platform, has scored $16m in a Series A funding round.