Regtech & Legaltech

Regtech: Wells Fargo and Dutch Financial Giant ING Lead Ascent’s $19.3 Million Round to Expand Company’s Compliance Solution

San Francisco-based Wells Fargo, the fourth-largest bank in the US by total assets, and Dutch banking giant ING led a $19.3 million round in Chicago-based Regtech firm Ascent Ascent provides a cloud-based platform that helps financial services providers to keep their business operations compliant. The… Read More

Australian Senate Select Committee on Fintech & Regtech Publishes Issues Paper

The Australian Senate Select Committee on Financial Technology (Fintech) and Regulatory Technology (Regtech) has published an “Issues Paper outlining what it intends to review and report back to the Senate. The Committee was established in September 2019 and consists of six senators. The Fintech and… Read More

Regtech: London-based Crypto Firm Knabu Is Testing Bank Regulatory Reporting with Blockchain Firm Factom

London-based crypto firm Knabu is reportedly testing bank regulatory reporting with US-based Factom, Inc., a blockchain innovations company that provides various blockchain as a service (BaaS) platforms. In statements shared with Coindesk, the UK-based company revealed that it launched its 30-day pilot on October 31,… Read More

UK-based Centre for Finance, Technology and Entrepreneurship Announces New Online Regtech Course

The Centre for Finance, Technology and Entrepreneurship (CFTE), an education platform supported by veteran leaders from major institutions, innovative startups and universities, has revealed that it’s launching an online Regtech course. According to a press release shared with CrowdFund Insider, the course has been designed… Read More

Regtech Firm Exec Says EU’s 6th Anti-Money Laundering Directive “Clears Path for Holding Responsible Parties Accountable”

The European Union’s sixth anti-money laundering directive (6AMLD) is expected to take effect on December 3, 2020. The new directive recommends several penalties for non-compliance.  EU Member States are required to have 6AMLD incorporated into their national legislation by December of next year and related… Read More

Security Tokens: Tokensoft Says ERC-1404 Token Standard is Seeing Broad Adoption

TokenSoft, a platform for issuing digital securities using blockchain technology, says the ERC-1404 token standard is seeing broad adoption for security token issuance. James Poole, co-founder and CTO of TokenSoft, says that creating a standard for security token issuers made sense to developers: “our customers,… Read More

CCAF: Regulation of Alternative Finance is Key to Make Sector Safe to Scale for the Masses

The Cambridge Centre for Alternative Finance (CCAF), part of the Judge School of Business at Cambridge University, has partnered with the World Bank to publish a report on the global regulation of alternative finance and innovative Fintech firms. According to the new report, the regulation… Read More

Swiss Regtech Firm Apiax Raises $6.6 Million in Series A Funding Round

Zürich-based Apiax, a Fintech firm that transforms complex regulatory requirements into digital compliance rules, has raised $6.6 million through a Series A investment round. Founded in 2017, Apiax is a Swiss Regtech firm that builds and provides tools to transpose written regulations into binary, machine-readable… Read More

Global Regtech Market was Valued at $2.45 Billion in 2017, Projected to Reach $12.43 Billion by 2026

The global Regtech market was valued at $2.45 billion in 2017 and is projected to reach an estimated $12.43 billion by 2026, at a compounded annual growth rate (CAGR) of 22.51%. Regtech refers to set of tools developed to enhance the efficiency and effectiveness of… Read More

IdentityMind Announces New Partnership With Acuant to Strengthen Digital Identity Proofing

IdentityMind Global, a SaaS RegTech platform that builds, maintains and analyzes digital identities worldwide, announced on Thursday it has formed a new partnership with Acuant, a global provider of identity verification solutions, to strengthen digital identity proofing.  IdentityMind reported that through the partnership Acuant’s identity… Read More

Regtech: ClauseMatch is Now Live in Italy in New Partnership with Banca Intesa Sanpaolo

ClauseMatch has announced that it now operational at Intesa Sanpaolo. The partnership is said to be the genesis of a meeting at Fintech Innovation Lab hosted by the Bank. A Proof of Concept soon followed. The ClauseMatch platform is currently being used by Barclays and… Read More

CipherTrace Hosting FATF Crypto Travel Rule Hackathon

Blockchain forensics firm CipherTrace is hosting a Travel Rule Compliance Conference and Hackathon in San Francisco November 5th and 6th. The event has been organized, “to develop open solutions that cryptocurrency exchanges, hedge funds, blockchains and banks urgently need to comply with both the FATF and… Read More

Broadridge Teams Up With FundsLibrary to Provide RegTech Solutions For European Wealth & Asset Managers

U.S.-based fintech Broadridge Financial announced earlier this week is it teaming up with FundsLibrary, a provider of digital fund data and regulatory solutions, to provide regtech solutions for European wealth and asset managers. The duo is now developing an offering to address the challenges posed… Read More

Regtech Startups at Lendit Europe 2019 : Onfido and ComplyAdvantage Have Big Plans

LendIt Fintech Europe 2019, which took place September 26-27 in London, was placed under the banner of lending and banking convergence. As incumbents collaborate with Fintechs, online lending marketplaces become banks, and challenger banks expand into credit, a new ecosystem is emerging. An indispensable part… Read More

Australian Senate Creates Standing Committee on Fintech & Regtech

Last week on September 11, the Australian Senate decided to establish a “Select Committee on Financial Technology and Regulatory Technology” or a committee to research and follow Fintech and Regtech. According to the Australian Parliament, the committee will inquire and report on the following matters:… Read More

Spain’s Autonomous Region Catalonia Introduces Decentralized Digital Identity Platform

The government of Catalonia is developing a decentralized identity solution that will allow the autonomous community’s residents to control their data while interacting with internet-based services. Referred to as the IdentiCAT project, the launch of the new digital identity platform was announced on September 7… Read More

Fintech: Monetary Authority of Singapore Announces Regulatory Evaluation Program for the Payments Industry

The Monetary Authority of Singapore (MAS), the nation’s central bank, revealed that a new regulatory evaluation program is being developed to connect payment companies with legal service providers.  The program is part of a joint initiative launched by the MAS and the Singapore Academy of… Read More

New York Regtech Trade Mission: UK Department of International Trade Seeks Applicants to Participate in Regtech Focused Trip to US

The Department for International Trade (DIT) is seeking applications from the UK Regtech sector to participate in a Regtech Mission to New York. The DIT Mission is scheduled to take place from November 13 to 15th. DIT states that the Mission offers UK firms the… Read More

CCAF Benchmarking Report: Global Regtech Tops $5 Billion in 2018 as Startup Activity Surges

The Cambridge Centre for Alternative Finance (CCAF) has published its first “Global RegTech Benchmarking Report,” sponsored by EY Japan. According to the research, the Regtech industry has topped $5 billion in revenue in 2018 following a five-year surge in startup activity. CCAF reports that, while… Read More

Chipmixer “Bitcoin Tumbler” Used to Launder Funds Stolen in $80 Million USD Hack on Binance

A Regtech/blockchain forensics firm called Clain has determined that hackers who stole 7074 Bitcoins (worth $80 million USD) from the Binance exchange in May used a tumbling service called Chipmixer to obfuscate movements of the stolen funds. Clain, “a start-up…that provides enhanced AML/KYC solutions in… Read More

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