Tangos AI, an autonomous AI platform for financial crime investigations, has secured $20m in seed funding as it looks to tackle one of compliance's most stubborn bottlenecks. Red Dot Capital Partners led the round, joined by Leaders Fund, Clarim, Venture Israel, Signal Fire, Clutch Capital and Selah Ventures, alongside a strategic cheque from Bright Data. The raise arrives against a stark...

Vertafore, a Denver-based insurance technology provider, has launched an AI-powered submission processing agent designed to help managing general agents (MGAs) reduce manual intake processes and accelerate underwriting decisions. Vertafore provides technology solutions for insurance agencies, MGAs and carriers, including platforms supporting distribution, compliance and workflow management. The Velocity AI Submission Processing Agent is built on Vertafore’s Velocity AI Platform and integrates...

South Africa loses an estimated R100bn a year to financial crime, yet the institutions meant to stop it still work in silos. Organised crime does not. According to RelyComply, its networks are coordinated, executing multiple financial crime typologies at once and at scale, while regulators, law enforcement and financial firms lack any standardised, interconnected risk management system. As criminals accelerate...

Regulated businesses are under mounting pressure to prove that AML compliance is continuous, evidenced and proportionate to risk. Regulators worldwide, including the FCA and FATF, now expect firms to maintain a live, documented view of customer risk across the entire client lifecycle rather than solely at onboarding. According to KYC360, the scale of recent enforcement action underlines the point: Nationwide...

Quensus, a smart water management technology company, has been awarded funding through the first round of the Water Efficiency Lab (WEL1) to deliver The WIN Initiative, a project designed to root out concealed water waste across commercial buildings. The initiative, formally titled Enabling Non-Household Water Reduction through an Action-Driven Water-Insurance Nexus, will pair live water consumption figures with occupancy intelligence...

ThetaRay, a provider of AI infrastructure for financial crime compliance, has named Luis Pinedo as its new chief strategic customers officer, a move designed to embed tier-one banking expertise at the heart of its product roadmap. Pinedo arrives from Santander Bank, where he spent 16 years and most recently served as group VP of compliance. During that period he directed...

Banyan Software, an acquirer and long-term operator of software companies, has taken a majority stake in WIZE, a Geneva-headquartered WealthTech that provides an all-in-one wealth and asset management platform. Under the deal, the equity holdings of WIZE's senior leadership will remain unchanged, with the team partnering with Banyan to support the business's next phase of growth. WIZE provides an integrated wealth...

Qualified trust service providers (QTSPs) are under no illusions about what 2027 will bring. Awareness of the eIDAS 2.0 deadlines is not the issue. The real danger lies in operational readiness, and it is here that many organisations are quietly falling behind. According to Hopae, Technical literacy across the market is already high. Most teams have a firm grasp of...

Aviva has named Ortec Finance, a global specialist in investment decision-making technology, as its technology partner in a move designed to bring personalised financial guidance and advice to a far wider pool of its customers. Under the agreement, Aviva will deploy OPAL, Ortec Finance's wealth management platform, alongside the CORD integration and orchestration system from Yellowtail Conclusion. Together, the technologies...

Key Global WealthTech investment stats in Q2 2026: Global WealthTech funding dropped 67% YoY in Q2 US companies secured half of the top 10 deals to cement the country’s position as the global WealthTech hub Moment, an AI operating system purpose-built for investment management, raised $78m in a Series C round, making it one of the top WealthTech deals...