Regtech & Legaltech

Cambridge Centre for Alternative Finance and World Bank – Study COVID Crisis and Impact on Fintech Regulation

The Cambridge Centre for Alternative Finance (CCAF), the leading research institute covering the global Fintech sector, has partnered with the World Bank on a study reviewing the impact of COVID-19 on Fintech and regulation. As finance is one of the most regulated sectors of industry… Read More

VAIOT Becomes First Digital Asset Regulated by the Malta Financial Services Authority

  VAIOT has become the first digital asset to be regulated by the Malta Financial Services Authority (MFSA) falling under the Maltese Virtual Financial Assets Act (VFAA), according to a note from the company. VAIOT seeks to enable both businesses and consumers to utilize a… Read More

Regtech Firm Hummingbird CEO Joe Robinson Explains that Fintechs are Focusing on Front End as Banks Handle Compliance Requirements

Joe Robinson, Co-Founder and CEO at Hummingbird, a modern platform for anti-money laundering (AML) that makes investigations “agile and intelligent,” says that it took some time before traditional banks began to view Fintech firms as legitimate business partners that could help them with their digital… Read More

Sō.Capital Launches New Crowdfunding Community, Partners with LawCloud

Sō.Capital has announced TheSō.Co, described as a new type of crowdfunding platform that seeks to help founders “broadcast their capital raising stories.” The platform says it brings together over 50,000 capital raising campaigns from over 30 crowdfunding sites worldwide. Simultaneously, Sō.Capital has announced a partnership… Read More

Regtech Shield Launches INSIDERS Service to Track Insider Trading

Shield, a UK based Regtech, has launched a solution that is said to combine its Insider Trading and Information Handling feature to provide greater monitoring of employees. The Shield “INSIDERS” is described as using AI, to provide a highly accurate integrated approach to monitor all… Read More

Eran Noam From Shield Explains How Natural Language Processing and Financial Context Recognition Help with Business Compliance Processes

Israel based Regtech firm Shield was recently chosen to join the IBM Cloud for Financial Services ecosystem. Many financial institutions have been migrating or deploying new applications on Cloud-powered platforms that streamline routine banking and related business processes. We recently caught up with Eran Noam,… Read More

New York Department of Financial Services Schedules First Techsprint, Will Focus on Virtual Currency Firms

  The New York Department of Financial Services (DFS) has scheduled its first-ever “Techsprint” that will take place in 2021. The event will focus on digital regulatory reporting for virtual currency companies. As New York is a global financial hub, many Fintech firms are based… Read More

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

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