Regtech & Legaltech

March 7, 2020 @ 6:58 pm By Omar Faridi  |  

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

March 6, 2020 @ 7:27 am By Omar Faridi  |  

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

March 2, 2020 @ 7:35 am By Omar Faridi  |  

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

February 28, 2020 @ 8:15 am By JD Alois  |  

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

February 25, 2020 @ 11:19 am By Omar Faridi  |  

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

February 25, 2020 @ 9:58 am By JD Alois  |  

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

February 5, 2020 @ 8:24 am By Omar Faridi  |  

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

February 4, 2020 @ 6:55 am By Omar Faridi  |  

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

January 20, 2020 @ 4:03 pm By Samantha Hurst  |  

Regtech company ComplyAdvantage announced on Monday it has appointed former President and CEO of online foreign exchange trading platform OANDA Global Corporation (OANDA), Vatsa Narasimha as its new Chief Operating Officer and Chief Financial Officer. ComplyAdvantage reported that prior to OANDA, Narasimha spent nearly ten… Read More

December 29, 2019 @ 6:24 pm By Omar Faridi  |  

India-based Vakilsearch, a legal, tax and compliance firm, has again launched the Startup Gear campaign. The campaign is conducted twice each year in order to assist emerging businesses in adhering to regulatory requirements, and to help startups with company registration procedures, getting assistance in drafting… Read More

December 28, 2019 @ 8:53 am By Omar Faridi  |  

The New York Department of Financial Services (NYDFS), the financial and digital currency regulator for the state of New York, appears to be to developing regulatory technology (Regtech) solutions in order to enhance its existing oversight and supervising capabilities. The NYDFS is reportedly looking for… Read More

December 22, 2019 @ 12:23 pm By Omar Faridi  |  

Saxo Bank A/S and Geely Sweden Holdings AB, a subsidiary of Zhejiang Geely Holding Group Co. Ltd., revealed on December 18 that they have agreed to take part in a technology project to offer financial and regulatory technology (Regtech) products to financial institutions including major… Read More

December 20, 2019 @ 7:51 am By Omar Faridi  |  

ComplySci, a provider of regulatory technology (Regtech) for financial and professional services firms, revealed on December 17 that it’s moving to a new business office located in London’s Tech City. The company’s new office will be home to ComplySci’s growing London-based team, which is currently… Read More

December 17, 2019 @ 11:00 am By Xu Gao  |  

Winners of 2019 Global Fintech Venture Competition Announced On December 15th, the award ceremony of 2019 Global Fintech Venture Competition (hereinafter referred to as the “Competition”) was held at Tsinghua University. With the guidance of Tsinghua IFR and support from Haidian District People’s Government of… Read More

December 16, 2019 @ 11:22 am By Omar Faridi  |  

China’s “smart” courts have reportedly been implementing various innovative technologies such as blockchain and artificial intelligence (AI) to help decide legal cases. Local media outlet Xinhua news revealed recently that over 3.1 million Chinese litigation matters from March to October 2019 were handled via the… Read More

December 9, 2019 @ 11:48 am By Omar Faridi  |  

Regtech100 recently published its latest list of the world’s top or best 100 regulatory technology (Regtech) firms. There were five Regtechs on the list that are based in Asia. Regtech100 compiles a list of the 100 most innovative Regtech firms each year. The list aims… Read More

December 9, 2019 @ 10:18 am By Samantha Hurst  |  

UK-based digital banking platform Starling Bank announced on Monday it has added its first legal services partner, Sparqa Legal, to its business marketplace. According to Starling, the partnership will bring affordable legal services to the marketplace’s 88,000 small business customers. “Starling Business Account holders can… Read More

December 9, 2019 @ 8:54 am By Omar Faridi  |  

Finding a good law firm to work with can be challenging, however, Lawyered aims to make it simpler, easier and faster to get the legal services companies may need. The legal technology (Legaltech) startup has reportedly raised $100,000 from various angel investors. The investors include:… Read More

December 7, 2019 @ 9:00 am By Omar Faridi  |  

Big Four professional services firm Deloitte’s law division has introduced a program aimed at “propelling” early-stage Legaltech firms while using their products. Via Deloitte Legal Ventures, the Legaltech startups will allow the Deloitte Legal team to use their line of products and services from their… Read More

November 26, 2019 @ 10:17 pm By Cali Haan  |  

Scams involving new financial technologies comprise a 110 billion yuan ($16 billion USD) industry in China, according to the publishers of three blue books covering the current state of Fintech, Regtech and blockchain in China. While producing some conveniences, new financial technologies like cryptocurrencies are… Read More