BIP Wealth, an Atlanta-headquartered registered investment advisor with more than $5.5bn in assets under management, has secured a strategic minority investment from Constellation Wealth Capital (CWC) to accelerate its organic and inorganic growth plans. The partnership will see CWC provide flexible, long-term capital to support BIP Wealth’s continued expansion. The investment builds on BIP’s recent momentum, which includes adding $725m...

Adverse media alert fatigue is becoming a structural weakness in many AML and financial crime programmes. According to Opoint, when analysts no longer trust the alerts landing in their queue, the control framework quietly deteriorates. Summaries go unread. Queues are batch-approved. Genuinely material risks are missed because they are buried beneath repetitive, low-value hits. The issue is not unfamiliar. The same...

Hypercore, a loan management platform for private credit funds, has raised $13.5m in Series A funding led by global software investor Insight Partner. The $13.5m investment will accelerate the rollout of Hypercore’s AI Admin Agent, which integrates the company’s existing loan management technology with AI agents to deliver end-to-end operational infrastructure for private credit funds. Insight Partners led the round, while...

Sherpas, an AI-native infrastructure platform for wealth management firms, has raised $3.2m in seed funding. The round was led by 1248, the family office of Mariner Wealth Advisors Founder & CEO Marty Bicknell, with significant participation from AUA Private Equity Capital, GoHub Ventures, and a group of strategic investors and advisory firms from across the wealth management sector. Wealth management firms...

RegTech firm HYPR has introduced a new innovation called Context-Based Attestation, designed to strengthen identity verification beyond traditional checks. According to Crowdfund Insider, the new product has been launched in response to rising cyber threats and the growing sophistication of identity fraud. As organisations face mounting risks during processes such as recruitment, onboarding and account recovery, fraudsters are increasingly exploiting stolen...

Synthetic identity fraud is one of the most dangerous weaknesses in modern financial crime controls – not because verification tools fail, but because they succeed in isolation. A customer passes every check: real name, legitimate address, valid social security number, authentic documents and an active phone number. On paper, everything aligns. In reality, the person does not exist, stated Muinmos...

The ECB has imposed administrative penalties totalling €12.18m on J.P. Morgan SE after identifying significant errors in the bank’s reporting of risk-weighted assets, a core measure used to determine capital requirements. The supervisory action follows findings that, between 2019 and 2024, the bank reported lower risk-weighted assets than required under banking rules. According to the ECB, this misreporting stemmed from...

Seven social media influencers have been sentenced at Southwark Crown Court after pleading guilty to issuing unauthorised financial promotions linked to a foreign exchange trading scheme, in a case that underlines the UK regulator’s growing scrutiny of online financial marketing. Biggs Chris, Jamie Clayton, Lauren Goodger, Rebecca Gormley, Yazmin Oukhellou, Scott Timlin and Eva Zapico each admitted one count of...

Sourcing data from KYC Portal (KYCP) is increasingly becoming a strategic priority for compliance leaders seeking to strengthen operational reporting and executive oversight. KYCP delivers one of the most configurable data environments available in a CLM platform. Its flexible architecture allows organisations to design and manage extensive datasets across multiple entity types, ensuring that AML, risk and operational data are...

A carrier’s request lands in your inbox on Tuesday morning: please provide your current Texas appointment roster. It sounds routine. Administrative. The sort of task that should be dispatched before the first coffee cools. Instead, it consumes the week. Your CRM lists 47 producers in Texas. Your PAS shows 52 policies written by Texas-based producers. A compliance spreadsheet records 44...