RegTech

sanctions

US and UK place sanctions on Russian cybergang members

The US and the UK have imposed sanctions on seven members of the Russian hacking group Trickbot, according to Finextra.

AkinovA receives regulatory sandbox approval in Bermuda

AkinovA has been given a regulatory sandbox licence by the Bermuda financial services regulator BMA to enable transfer of (re)insurance risks.
SEBI

India’s SEBI puts forward new ESG rules

The Securities and Exchange Board of India (SEBI) has released a consultation paper on requiring large firms to provide greater assurances on their ESG reporting.  

Singapore and UK authorities team up to conquer cybersecurity

The Monetary Authority of Singapore (MAS), the Bank of England and the Financial Conduct Authority (FCA) have agreed to work together to boost cybersecurity in their financial sectors.
UK

UK government puts open finance at the forefront of new data legislation

The UK Department for Science, Innovation and Technology has put forward a new version of the Data Protection and Digital Innovation Bill.

Data management startup QOMPLX closes Series A on $78.6m

QOMPLX, an intelligent decision platform, has closed its Series A round on $78.6m.
Britive

Cloud identity security platform Britive lands $20.5m Series B

Britive, a cloud identity security platform, has secured $20.5m in a Series B funding round headed by Pelion Venture Partners.

Commonwealth Bank of Australia to invest $5bn in technology over the next five years

Hot on the heels of its investment in FinTech unicorn Klarna, Commonwealth Bank of Australia has reiterated that it is committed to invest $5bn...
compliance

How to demonstrate Consumer Duty compliance with technology

With Consumer Duty coming into law this year, with 31 July being the date it officially comes into force - how can firms ensure compliance?

70 per cent of UK financial firms have suffered hack attacks in the past...

Almost three-fourths of UK finance firms experienced a cyber incident in the past 12 months. And quite often it was their employees fault.

News Stories

FinQuery secures $25m investment to boost AI solutions for CFOs

FinQuery secures $25m investment to boost AI solutions for CFOs

FinQuery, formerly known as LeaseQuery, has secured a significant minority investment to the tune of $25m, led by Periphas Capital and supported by Lavelle Capital.
BforeAI announces $15m boost for advancing cybersecurity predictiveness

BforeAI announces $15m boost for advancing cybersecurity predictiveness

BforeAI, a leader in predictive security solutions, has successfully closed its Series A funding round, securing a substantial $15m.
AML

Leveraging AI to enhance efficiency in AML sanctions screening

False positives in AML compliance typically occur when a transaction or customer record wrongly flags a potential match with a sanctioned entity.

EU launches new anti-money laundering agency in Frankfurt to bolster financial security

MEPs have approved the establishment of a new EU anti-money laundering agency, which will be based in Frankfurt.

Tackling money laundering: How KYC loopholes are exploited by criminals

KYC protocols serve as the cornerstone of AML efforts, obliging financial institutions to verify their customers’ identities.

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