FCA to return £3.42m to victims of unauthorised investment schemes
The Financial Conduct Authority has obtained High Court approval to return £3.42m to compensate victims of a series of unauthorised deposit taking and collective investment schemes.
eToro to implement Regnology’s tax reporting tool
Social investing network eToro will implement Regnology’s tax reporting solution as part of a new partnership to help clients produce tax reports.
Bank of England warns of potential risks of cloud data providers
Bank of England (BoE) may tighten controls over cloud data providers and other tech companies to counter potential risks to financial system stability resulting from the rise of FinTech, Deputy Governor Dave Ramsden said.
KYC Portal launches module to simplify corporate data sourcing
RegTech firm KYC Portal has launched a module aimed at simplifying the process for compliance teams of building a corporate structure.
UK government backs AI-based insurance risk management firm Intelligent AI in £1m fundraise
Backed by the UK Govt, Intelligent AI raised close to £1m following its graduation from the Lloyd’s Lab to develop its online Intelligent Risk platform, aimed at commercial property insurers in the UK and US.
Diligent teams with Q4 to offer enhanced IR and board governance tools
Governance, risk and compliance SaaS solution Diligent has partnered with capital markets communications platform Q4 to provide pre-IPO and public companies with IR and board governance solutions.
MAS provides consultation response to credit bureau, reporting regulations
The Monetary Authority of Singapore (MAS) has issued a consultation response on draft regulations and notices relevant to licensed credit bureaus under the Credit Bureau Act 2016.
Indonesia-based document manager Momofin closes funding
Indonesia-based Momofin, which offers document and contract lifecycle management, has raised an undisclosed amount in funding.
nSure AI picks up $6.8m to reduce fraud in digital goods sector
Israel-based predictive AI fraud protection company nSure AI raised $6.8m in seed funding led by DisruptiveAI, Phoenix Insurance, AXA-backed venture builder Kamet, Moneta Seeds and private investors.
Eventus explores if pre-hedging is market manipulation
ESMA’s recent MAR Review acknowledged there were varying views on pre-hedging. Eventus has explored whether pre-hedging counts as market manipulation.
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