The five biggest compliance failure fines of 2021

As another challenging year comes to an end, the task for organisations to remain compliant in new working environments is still ongoing. Despite firm efforts by many to avoid penalties, some institutions were unable to duck fines last year. Here are the top five compliance failure fines from the year of 2021.

ABN AMRO develops instant payment tool for gig economy workers

Dutch bank ABN AMRO has created an instant payments service for flexible workers in the gig economy market.

Fenergo closes funding round as it looks to make product enhancements

Fenergo, a digital transformation and client lifecycle management (CLM) solution developer, has closed a funding round to support product enhancements.

ABN AMRO picks UnaVista to meet SFTR needs

Dutch bank ABN AMRO has chosen UnaVista to support its SFTR trade reporting and MiFID II transaction reporting processes.

Moneyou to leverage Konsentus’ PSD2 compliance services

Konsentus, an identity and regulatory checking service provider, will support Moneyou with its PSD2 open banking offerings through a new partnership.

Germany-based CrossLend receives €14m investment

Germany-based CrossLend, a loan securitisation solution, has received a €14m investment.

ABN AMRO Digital Impact Fund backs Ockto

ABN AMRO’s Digital Impact Fund (DIF) has backed Dutch FinTech Ockto to purchase a minority stake in the business.

solarisBank bags €56.6m in its latest funding round

German banking platform solarisBank AG has bagged €56.6m in its Series B funding round.

RegTech 100 company BehavioSec raises $17.5m in Trident-led round

RegTech 100 company BehavioSec, which uses behavioural biometrics to verify and confirm a user’s identity, has raised a $17.5m Series B investment.

Personal finance platform Tink secures round of funding

Personal finance platform Tink has closed an investment from ABN AMRO and SEB among several other banks.

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