Regtech & Legaltech

Aaron Swenson from Legaltech Firm Ipro Says Good Software for Lawyers Should Require Minimal Training Time

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

Around two-thirds or 67% of in-house attorneys at fast-growth firms said they were spending too much time doing “low-value” work, according to the results of a survey shared by Artificial Lawyer. Another survey, cited by JD Supra, of 1,057 legal professionals reveals that a third… Read More

Global ID Verification Provider, Onfido, to Offer Authentication Services to Malaysia’s MyCash Money

Onfido, a global ID verification provider, will be offering its user authentication services to Malaysia’s MyCash Money. Onfido has also been providing similar services to other Fintech firms in the region, including BigPay and MoneyMatch. MyCash Money is a digital marketplace that’s focused on serving… Read More

Australian Online Lender Prospa Says More Support Needed for Open Banking Adoption, Agrees with Fintech Report from Senate Committee

Prospa (ASX: PGL), an online small business lender based in Australia and New Zealand, has reportedly welcomed the interim report recently released by the Senate Committee on Fintech and Regtech. But Prospa has also come to an agreement with other industry participants that a lot… Read More

Lawcloud Reminds Reg CF Issuers to File Annual Report with SEC

Reg CF continues to grow in popularity as a securities exemption utilized by smaller firms to raise much-needed growth capital. Reg CF is the smallest of the three different crowdfunding exemptions but has perhaps garnered the most popular interest due. An issuer must utilize either… Read More

Australian Senator Andrew Bragg Recommends Adopting Latest Fintech and Regtech Solutions to Ensure Country Remains “Globally Competitive”

Senator Andrew Bragg, the Chair of the Senate Select Committee on financial technology and regulatory technology in Australia, recently introduced an interim report which included 32 different recommendations. Bragg noted that as the country tries to cope with its first recession in the past three… Read More

UK Legaltech Startup Thirdfort Secures £1 Million in Latest Funding Round

Thirdfort, a UK-based Legaltech startup, recently announced it secured £1 million in seed-plus funding round. The latest investors include James Meekings and Andrew Mullinger, co-founders of Funding Circle, and David Rutter, founder of R3. Founded in 2017, Thirdfort stated it is enabling solicitors and licensed conveyancers… Read More

Free is Good: LawCloud Offers Free Legal Documents to SMEs Impacted by COVID

Legaltech firm LawCloud is now offering its legal document library for free to all of its users in an effort to help small businesses impacted by COVID, according to a note from the company. Some of the free legal documents include Employment Agreements, Non-Disclosure Agreements… Read More

LawCloud Partners with Title3Funds

Legaltech LawCloud has partnered with securities crowdfunding platform Title3Funds. LawCloud will be providing its Form C service to issuers using the FINRA regulated funding portal to raise capital online. LawCloud’s service streamlines the legal filing process by providing entrepreneurs with a simple and cost-effective solution… Read More

Regtech: kompany Raises €6 million for boost DLT based KYC Service, AI Shareholder Analysis Tool

kompany, a Vienna, Austria based Regtech firm, has raised just shy of €6 million, according to a note from the company. This brings total funding to €14 million. kompany is an AML/KYC service that is also developing an artificial intelligence (AI), DLT based, compliance solution…. Read More

Regtech Software Provider iComply Lists in the FINRA Compliance Vendor Directory

Canadian regtech company iComply Investor Services announced on Wednesday its listing in the Financial Industry Regulatory Authority (FINRA) Compliance Vendor Director, which notably features vendors that offer products, solutions, and services to firms overseen by the U.S. regulator. Founded in 2017, iComply claims to be the… Read More

Hong Kong Monetary Authority Asks Regulated Firms to Support Regtech

The Hong Kong Monetary Authority (HKMA) has distributed a letter asking “authorized firms” to support the development of regulatory technology or Regtech. The HKMA says its ultimate objective is to inspire firms like banks to adopt Regtech to enhance the effectiveness of their risk management… Read More

Regtech Firms Lucinity, Hummingbird Secure Millions in Funding, will Further Develop AML Tech to Prevent Financial Crimes

Lucinity, an AML software developer established by a compliance professional who previously worked at Citigroup, has acquired $6.1 million in capital. Meanwhile, Regtech company Hummingbird, which is also an anti-money laundering software developer, has finalized an $8.2 million Series A investment round. Lucinity’s recent round… Read More

China: WeiyangX Fintech Review

Beijing Makes Policy Update for Startup Loans On July 13th, Beijing Municipal Human Resources & Social Security Bureau and the Business Administration Department of PBC jointly made an update for the startup-loan support policy. Eligible individual borrowers can apply for a business guarantee loan up… Read More

Mt Pelerin Holds its First General Assembly on Blockchain in Geneva Via its New Bridge Wallet Mobile Wallet

On June 26th, Mt Pelerin, the Swiss Fintech expert in asset tokenization and digital compliance building, held its first general assembly in Geneva. Together with its shareholders and via its new Bridge Wallet mobile wallet, Mt Pelerin discussed its ongoing mission to provide digital solutions… Read More

Nausicaa Delfas Delivers Speech on Building a Suitable Financial Regulatory System for a New UK

On July 1st, Nausicaa Delfas, Executive Director of International and member of the Executive Committee at the FCA, delivered a speech for a series of webinars offered by City & Financial Professional Virtual Roundtables. The focus of the speech homed in on Brexit, Covid-19 and a suitable… Read More

Open Banking and Regtech Firm Railsbank Gains Hong Kong Fintech Statrys as New Client

UK-based Railsbank, an Open Banking and Regtech solution provider, revealed on June 29, 2020, that it has gained Hong Kong Fintech Statrys as a new client. Statrys offers digital business accounts, advanced payment options, and forex solutions for SMEs based in Asia. It provides convenient… Read More

Regtech ClauseMatch Plans US Expansion, Signs Up 2 North American Clients

Regtech ClauseMatch is crossing the Atlantic and setting up operations in the US, according to a note from the company. ClauseMatch is a compliance platform that seeks to streamline legal, finance, operations, and risk departments. ClauseMatch reports that it has opened a new office in… Read More

Fintech Lanistar, an Alternative Financing Services Provider, to use Jumio’s Biometric ID Verfication for Digital Onboarding

Fintech firm Lanistar, an alternative financial services provider, has reportedly chosen Jumio’s biometric ID verification technology to complete its customer onboarding process. Lanistar is planning to use Jumio’s software when it launches a polymorphic debit card later this year. The digital ID verification solution will… Read More

UK Regtech TAINA Technology Secures Global Growth Funding Through Latest Investment Round

Taina Technology, a UK-based regtech startup, announced on Monday it secured funding from Anthemis, Six FinTech Ventures, Tribeca ESP and Reciprocal Ventures through its latest investment round. Founded in 2016, Taina is on a mission to help financial institutions comply with their regulatory requirements whilst saving… Read More

Atom Bank Receives ID Verification, Risk Monitoring and Other Core Banking Features from Thought Machine and TruNarrative

Thought Machine and Regtech TruNarrative have partnered to bring identity verification, risk monitoring, and cloud-native core banking to digital bank Atom bank, according to a post by the company. The partnership is described as enabling Atom to use the TruNarrative platform to conduct a suite… Read More

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