Regtech & Legaltech

CipherTrace Enlisted to Advise Japanese Regulators on FATF Crypto Travel Rules

CipherTrace, a cryptocurrency research and tracking platform that provides services to both the public and private sector, has distributed a note that it is meeting with Japanese financial regulators to review the relatively new FATF travel rules and its impact on “virtual asset service providers… Read More

Parliament of Australia: Select Committee on Fintech & Regtech Re-Opens Comments on Sector in Light of COVID-19 Pandemic

The Australian Select Committee on Financial Technology and Regulatory Technology (ie Fintech and Regtech) has re-opened a consultation in light of the ongoing Coronavirus or COVID-19 pandemic. According to the Australian Parliament: “Since the committee finished its last round of public hearings in February, Australia’s… Read More

Munich-based Regtech Firm DataGuard Secures $20 Million in Funding via Round Led by One Peak Partners

Munich-based Regtech firm DataGuard, which provides what it refers to as the General Data Protection Regulation (GDPR)-as-a-Service, has secured $20 million in capital through a Series A investment round, which was led by One Peak Partners. DataGuard assists firms with ensuring that their business complies… Read More

France: Blockpulse Pursues First Security Token Offering in Partnership with Lemonway, Plans Stock Exchange for Startups

Blockpulse is the first company in France to pursue a security token offering (STO). Blockpulse is a blockchain-based shareholding management solution. The company launched its service last week in partnership with Lemonway, a Fintech providing payment services. Blockpulse offers a blockchain-based software solution for digitizing… Read More

Alex Batlin: Founder and CEO at Trustology Explains How Regulated Cryptocurrency Trading Requires Effective Custody Solutions

There are many outstanding or unanswered regulatory questions, after the recent guidelines provided by the Hong Kong Securities and Futures Commission. They require virtual asset fund managers to work with licensed custodians as they are tasked with controlling or managing assets both on-chain, and on… Read More

Fintech: FCA Report Explains Regulatory Sandbox Techsprint Approach

The UK Financial Conduct Authority (FCA) is widely recognized as the leading securities regulator when it comes to fostering Fintech innovation. The FCA has engendered an innovation-friendly ecosystem due to multiple operational characteristics but one of them, the Regulatory Sandbox, has been emulated widely around… Read More

Legaltech: Singapore Government Pledges $10.8 Million towards Program Supporting Legal Technology Research, which Will “Digitize” Local Laws

The government of Singapore has reportedly pledged $10.8 million towards a program dedicated to managing a legal technology (Legaltech) research program, which aims to digitize various laws, rules and agreements in the country. The grant was awarded to the Singapore Management University’s (SMU’s) School of… Read More

Insurtech: France-based Akur8, an AI-enhanced Insurance Platform, Secures €8 Million via Series A Round from BlackFin Capital and MTech Capital

Paris-headquartered Akur8, a company that’s developing an artificial intelligence (AI)-enhanced insurance pricing platform, has secured €8 million via a Series A round from BlackFin Capital and MTech Capital. The funds raised will be used to expand the firm’s business operations across North and South America… Read More

Legaltech: Lauren Sturdivant’s Legal Software Firm Case Status Acquires $1.5 Million in Seed Funding from BIP Capital

Lauren Sturdivant, an experienced legal services professional, established a Birmingham-based company, in 2017, called Case Status, which provides attorney and client engagement tools and marketing software for law firms. Case Status says it offers a convenient way for legal services providers to keep clients updated… Read More

Giant Financial Institution, the BBVA, Asks Fintech Firms to Develop Regtech and Finance Solutions via its Open Talent Program

BBVA (Banco Bilbao Vizcaya Argentaria, S.A)., a Spanish multinational financial services company, is making changes to its Open Talent competition for early-stage firms and startups, in order to work cooperatively with Fintech businesses. BBVA is one of the world’s largest financial institutions. It offers services… Read More

Regtech: Developer of Due Diligence Solutions, Neotas, Chosen for ING’s Fintech Accelerator in Brussels

Neotas, a company that develops due diligence solutions for financial service providers, has reportedly been chosen from 350 other firms to take part in ING’s Fintech accelerator, which will be held in Brussels. The multinational banking institution operates ING Labs Brussels (previously called Fintech Village),… Read More

Switzerland’s Stock Exchange Operator SIX Group to Integrate Know Your Customer in Order to Perform Improved Financial Risk Assessement

Zürich-based Swiss Infrastructure and Exchange (SIX) Group AG, the operator of Switzerland’s stock exchange, will be integrating a platform developed by Know Your Customer, in order to enhance its existing procurement process and to be able to perform a better assessment of risks when dealing… Read More

Regtech: Glasgow-based AutoRek Partners with Nationwide to Offer Data Management and Cloud-powered Financial Controls

Glasgow-headquartered AutoRek, a firm that provides financial controls and regulatory reporting software, has teamed up with Nationwide to offer a data management solution and cloud-powered financial controls for a three-year period, with a two-year extension plan. Gordon McHarg, managing director at AutoRek, stated: “I am… Read More

Reserve Bank of India, RBI, is Establishing Three Departments to Oversee Fintech, Regtech, and Supervisory Tech Activities

India’s banking regulator, the Reserve Bank India (RBI), has issued an update regarding how it plans to regulate the country’s Fintech and regulatory technology, or Regtech, industry. The RBI is establishing three new divisions, which include one unit to regulate Fintech, another unit to oversee… Read More

Regtech: Dublin-based Regulatory Software Developer DX Compliance Solutions to Raise €1.2 Million via Seed Round

Ireland-based DX, a Regtech firm focused on developing compliance software, aims to introduce flexible anti-money laundering (AML) checks and processes for Fintech companies. Simon Dix, a lawyer who previously worked at Germany-based digital bank Fidor Bank, has extensive experience dealing with AML compliance matters in… Read More

Insurance Underwriter Managing Agency Partners Limited Integrates with Insurtech ClauseMatch

ClauseMatch, an Insurtech that was part of the inaugural Barclays accelerator programme, has integrated with Managing Agency Partners Limited (MAP), an underwriting agency in the Lloyd’s of London insurance market. According to a release, MAP is one of the first insurance companies in the UK… Read More

Regtech: Taiwan’s CoolBitX, a Blockchain Security Firm, Secures $16.75 Million in Funding via Round Led By SBI Holdings

Asia-based CoolBitX, a leading blockchain or distributed ledger tech (DLT) security firm, has acquired $16.75 million in capital through a Series B investment round from several large investors. CoolBitX’s funding round was led by Japan-based financial services company SBI Holdings. Monex Group, South Korean crypto-asset… Read More

Litigation Funding Platform Seeks £200,000 on Seedrs

Interested in generating returns of 20% to 30% per year? Axiafunder may be for you.  The digital platform that crowdfunds high-quality litigation lawsuits claims to be able to provide outsized, non-correlated returns for investors. Current investment opportunities listed on the platform include cases alleging commercial… Read More

Regtech Firm Encompass Acquires £2 Million Grant from Scottish Enterprise to Build AI Engine to Complement KYC Offering

Regulatory technology (Regtech) firm Encompass has reportedly won a £2 million grant from the Scottish Enterprise, in order to create an artificial intelligence (AI)-enhanced engine to complement its existing know-your-customer (KYC) product offering. The latest funding is part of an initiative with a total value… Read More

Regtech: Dublin’s Regulatory Planning Firm Corlytics Set to Acquire €10 Million in Investments by End of Q1 2020

Dublin-headquartered regulatory planning firm Corlytics is reportedly set to book a €10 million capital injection by the end of Q1 2020. This, after the firm has recorded its most successful financial year. The trained artificial intelligence (AI)-powered platform for regulation leverages human expertise and combines… Read More

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