Tag: Compliance technology

FATCA and CRS are crucial global regulatory frameworks aimed at increasing tax transparency and preventing tax evasion. TAINA, which offers a fully automated FATCA...

Swan, a Paris-based FinTech specialising in embedded banking, has raised €42m in a Series B funding round.

The growing adoption of artificial intelligence (AI) in governance, risk, and compliance (GRC) programs is reshaping how organisations manage regulatory requirements. Specialised language models (SLMs) are emerging as a more secure and efficient alternative to large language models (LLMs) like ChatGPT and Gemini Pro, addressing critical concerns related to data privacy, accuracy, and control.

Archive Intel, a leader in AI-powered compliance archiving solutions, has secured an additional $1.5m in funding to accelerate its growth.

Quantifind, a leading provider of risk intelligence solutions for financial crime compliance, made significant advancements in 2024 to empower organisations with cutting-edge investigative tools. Known for its innovative approach, Quantifind specialises in leveraging machine learning and data science to enhance KYC and AML efforts, helping financial institutions detect and mitigate risks effectively.

Money laundering activities in the United States alone are estimated to total $300bn annually. In 2023, penalties for anti-money laundering (AML) violations in the U.S. exceeded $5bn—a 69% rise from the previous year. These figures underline the urgent need for a more effective approach to combatting financial crime.

Global Screening Services (GSS), a prominent RegTech innovator, has published its 2024/2025 Sanctions Survey, revealing key insights into how financial institutions are adapting to the evolving sanctions landscape.

Key RegTech investment stats in Q3 2024: Global RegTech deal activity increased by 20% QoQ Average deal value dropped to $12m as investors back...

Key UK FinTech investment stats in Q3 2024: UK FinTech investments dropped by 15% YoY Deals under $100m halved as investors focus on smaller...

Key Global RegTech investment stats in Q3 2024: Global RegTech funding halved in Q3 QoQ UK leaps to the top of the pack as...