Tag: financial institutions
Gallatin Point invests $1.25bn in TRUE to assist national expansion
Private investment firm Gallatin Point Capital LLC will acquire a majority stake worth $1.25bn in the attorney-in-fact for Trusted Resource Underwriters Exchange (TRUE).
Canapi Alliance’s Fund II hits $750m target for FinTech innovation
Canapi Ventures, a FinTech venture capital fund, has announced the successful raise of $750 for its Fund II.
SIX and Greenomy unite for ESG reporting revolution in European markets
SIX, known as both a Swiss and Spanish Stock Exchange operator and a global financial information provider, and Greenomy, a leader in ESG Reporting, have announced a strategic partnership. This collaboration aims to streamline ESG reporting processes for financial institutions and issuers across Swiss and Spanish markets.
Enhancing communication compliance with Custodia’s CC1 Service
In a recent Conduct Risk Assessment of Telephone and Electronic Communications by the Central Bank of Ireland, significant concerns regarding communications compliance have surfaced, especially in hybrid work environments. FinTech Global delved into how offerings such as the Custodia CC1 service can be a solution for these issues.
Navigating KYC and AML in 2023: Trends and challenges in the...
2023 has brought forward unique challenges and trends in the KYC (Know Your Customer) and AML (Anti-Money Laundering) landscape, as revealed in a survey...
Navigating the KYC maze: How banks are tackling compliance costs in...
In 2022, Fenergo's annual research survey of global investment banks highlighted a labor-intensive environment in Know Your Customer (KYC) processes. These processes were costing banks as much as $35m annually.
Custodia’s CC1 Service: Revolutionizing communication compliance in the era of hybrid...
The Central Bank of Ireland recently conducted a Conduct Risk Assessment of Telephone and Electronic Communications in the securities market. This crucial assessment aimed to evaluate compliance with the Markets in Financial Instruments Directive (MiFID II), especially Article 16(7), which mandates firms to prevent the use of unauthorised communication.
RegTech innovator Aptus.AI raises €3m to revolutionise legal document handling
Aptus.AI, a pioneering RegTech startup based in Pisa, has successfully closed a pre-Series A funding round, securing €3m. The round was led by Programma 103...
BBVA Switzerland extends partnership with Metaco
BBVA Switzerland, a prominent financial institution, has extended its partnership with Metaco, a leading provider of institutional-grade digital asset custody and orchestration platforms.
AppBrilliance secures strategic investment from Trust Ventures amid growth plans
AppBrilliance, a pioneering platform for real-time Account-to-Account (A2A) payment acceptance, has closed a strategic investment round led by Truist Ventures.