Tag: RegTech

The European Union General Data Protection Regulation (GDPR) is enforced today, bringing with it heavy fines (up to 4% of global turnover or ?20m) for those who fail to comply.

FinTech company PaySend has beefed up its fraud prevention processes by partnering with 4Stop.

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market has been embracing innovation, growth and FinTech, but remains alert and cautious of potential technology risks according to CEO Richard Teng.

Deutsche B?rse has partnered with banking service provider figo and digital identification platform Finologee to create a FinTech Acceleration platform.

IBM has purchased Armanta, a provider of aggregation and analytics software to financial services firms.

Adopting RegTech and opening dialogue with regulators are both vital in helping the financial services industry achieve compliance according to Subas Roy, partner at Oliver Wyman.

Trusted Key Solutions, a Blockchain-based secure digital identity company, has raised a $3m seed round.

ION Investment Group has agreed to acquire OpenLink Financial, a provider of trading and risk management solutions.

Trunomi, a provider of customer consent and data rights management technology, has closed a $3.5m round of financing.

Synechron, a global financial services consulting and technology services provider, has launched its RegTech Accelerator program.