Tag: Compliance

Hummingbird RegTech, which was recently named in the new RegTech100 list, has secured $30m in its Series B funding round.

Her Majesty's Revenue and Customs (HMRC) reported 17 serious data breaches to the Information Commissioner’s Office (ICO) between January 2020 and March 2021.

Elliptic, a cryptoasset risk management provider, has closed its Series C round on $60m, as it bolsters its market position.

Muinmos was founded back in 2012 after Remonda Kirketerp-Møllersaw a big gap in the market for making client onboarding simpler andmore efficient in financial services. With a rapidly growing global clientbase of banks, investment firms and asset managers, the company isemerging as a major player in key global markets

The market opportunity for trade surveillance systems is steadily rising. A recent report from The Insight Partners asserted that the market will reach $2.7bn by 2028 – rising from $850m in 2019. Back in 2014, Travis Schwab sensed there would be growing demand for the sector and decided to capitalise on the gap in the market by founding Eventus Systems.

Open banking provider Yolt has received a PSD2 license from De Nederlandsche Bank (DNB), which will be the backbone for its expansion in Europe.

Napier, which was recently named in the new RegTech100 list, will help ClearView improve its anti-money laundering (AML) capabilities as part of a new deal.

The UK’s Financial Conduct Authority (FCA) is set to introduce a new “consumer duty”, which will require firms to support and empower their customers to make good financial decisions.

Moody’s Corporation has acquired compliance automation platform PassFort and is set to purchase 360kompany, an onboarding technology developer.

RegScale, which provides continuous compliance automation, has raised $1.5m in an early funding round, alongside its launch into the market.