Regtech & Legaltech

July 29, 2020 @ 10:59 am By Samantha Hurst  |  

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

July 27, 2020 @ 11:49 am By JD Alois  |  

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

July 19, 2020 @ 1:17 pm By Omar Faridi  |  

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

July 18, 2020 @ 10:04 am By Xu Gao  |  

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

July 4, 2020 @ 11:41 am By Olivia Halsall  |  

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

July 2, 2020 @ 7:41 am By Olivia Halsall  |  

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

June 29, 2020 @ 9:50 pm By Omar Faridi  |  

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

June 29, 2020 @ 5:22 pm By JD Alois  |  

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

June 27, 2020 @ 7:22 pm By Omar Faridi  |  

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

June 22, 2020 @ 2:16 pm By Samantha Hurst  |  

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

June 18, 2020 @ 10:26 am By JD Alois  |  

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

June 13, 2020 @ 2:31 pm By Xu Gao  |  

Workforce Operational Solution Provider Quhuo Files for U.S. IPO On June 4th, Quhuo, a workforce operational solution provider for China’s consumer service industry, filed for an IPO on the U.S. stock market. According to the F-1 prospectus document, Quhuo plans to be listed on the… Read More

June 11, 2020 @ 1:28 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced that its Strategic Hub for Innovation and Financial Technology (FinHub) will hold virtual peer-to-peer meet-ups. The SEC said the FinHub staff recognizes the challenges and difficulties with in-person meetings in the midst of COVID-19.  FinHub staff seeks… Read More

June 9, 2020 @ 7:28 am By JD Alois  |  

Mirrorweb, a web archiving and monitoring solution used by financial services firms and governments, has been selected to participate in the Microsoft ScaleUp program, an exclusive initiative that grants a small number of high-growth companies access to Microsoft’s sales, marketing, and technical support. Mirrorweb shares… Read More

June 1, 2020 @ 9:03 am By Omar Faridi  |  

Although Latin America (LatAm) may have introduced Fintech services after they had been established in more advanced economies like the US and in Europe, the region is growing fast because of the launch of several financial technology initiatives. While it may be difficult to accurately… Read More

May 28, 2020 @ 9:35 pm By Omar Faridi  |  

More than $30 billion worth of transactions a year are carried out via the US-Mexico remittance corridor, which is notably one of the world’s largest cross-border payments channels. The rise in the adoption of Bitcoin (BTC) and other cryptocurrencies has allowed some users to perform… Read More

May 25, 2020 @ 12:59 am By Omar Faridi  |  

iCONECT CA Inc., a privately-held firm focused on legal technology (Legaltech) and eDiscovery, has teamed up with Big Four auditing firm PwC’s Canada division. PricewaterhouseCoopers has chosen the iCONECT document eDiscovery platform, in order to improve its ability to take care of legal, privacy, regulatory,… Read More

May 24, 2020 @ 1:16 am By Omar Faridi  |  

  Israel-based ThetaRay, a provider of Big Data and artificial intelligence (AI)-enhanced analytics tools, has launched FastStart, a product that aims to address the requirements of financial institutions during the COVID-19 crisis. As noted on ThetaRay’s official website: “Since the pandemic began, banks have seen… Read More

May 18, 2020 @ 4:23 pm By JD Alois  |  

SME lender B-North has enlisted Regtech platform TruNarrative to provide onboarding and compliance technology, according to a company release. Reportedly, the move comes ahead of authorization by the FCA and PRA. Ahead of authorization from the FCA and PRA, B-North is set to procure TruNarrative’s… Read More

May 6, 2020 @ 1:06 am By Omar Faridi  |  

London-based IHS Markit, a global information provider established in 2016 with the merger of IHS Inc. and Markit Ltd., has acquired Catena Technologies, a Singapore-based regulatory trade reporting company. Financial terms of the acquisition have not been shared publicly. Founded in 2002, Catena served as… Read More