Tag: Financial Services

Levine Leichtman Capital Partners boosts RegTech space with investment in cleversoft

Levine Leichtman Capital Partners (LLCP), an international private equity firm, has made a significant investment in cleversoft Group GmbH, or cleversoft, a top-tier provider of regulatory software for the financial services sector.

Young Brits champion digital banking trend over traditional branches

The new generation of UK bank users are turning away from traditional brick-and-mortar banks in favour of digital banking, leading a major shift across Europe.

Beyond the glass ceiling: A call to action for gender equality...

In a recent post by Currencycloud, the company provided a review on a talk regarding gender equality in the banking sector.

Cyber lapses result in $4.25m penalty for OneMain Financial Group

OneMain, a firm specializing in loans for people with "nonprime" credit histories, has been fined by the New York DFS due to cyber lapses.

Landmark $70m Series D funding injection boosts Nymbus

Nymbus, a leading provider of financial technology solutions, has announced the culmination of its Series D funding round, amounting to $70m.

Navigating the Consumer Duty: FCA insights into Fair Value Frameworks

The Financial Conduct Authority (FCA) has disclosed its findings from a review of 14 fair value frameworks ahead of the Consumer Duty implementation in less than three months. RegTech platform Novatus Advisory has reviewed this and outlined the key takeaways for firms. 
Revolutionising AML strategies with NAICS codes

Revolutionising AML strategies with NAICS codes

Evaluating the business line of potential clients is a key part of Know Your Customer (KYC) procedures in commercial relationships. However, analysts often spend substantial time utilising search engines and other manual processes to establish a client's Line of Business. This allows them to assess the risk involved in onboarding records or transactions.

API security leader Curity attracts investment from Danish fund

Curity, a Stockholm-based cybersecurity company, has recently publicised a sizeable investment.

ChatGPT revolution: Reshaping the future of financial advice

Aveni CEO Joseph Twigg and lead NLP engineer Iria Del Rio recently discussed the meteoric rise of ChatGPT and other large language models, the forces that have led us to this point, and what it signifies for the world of financial advice and services.

ThreatFabric secures €11.5m seed round to boost fraud detection capabilities

ThreatFabric, a leading provider of fraud detection solutions and intelligence for the financial services sector, has successfully raised €11.5m in a seed round.

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