Regtech & Legaltech

October 15, 2019 @ 9:10 pm By JD Alois  |  

ClauseMatch has announced that it now operational at Intesa Sanpaolo. The partnership is said to be the genesis of a meeting at Fintech Innovation Lab hosted by the Bank. A Proof of Concept soon followed. The ClauseMatch platform is currently being used by Barclays and… Read More

October 12, 2019 @ 9:08 am By Cali Haan  |  

Blockchain forensics firm CipherTrace is hosting a Travel Rule Compliance Conference and Hackathon in San Francisco November 5th and 6th. The event has been organized, “to develop open solutions that cryptocurrency exchanges, hedge funds, blockchains and banks urgently need to comply with both the FATF and… Read More

September 27, 2019 @ 2:25 pm By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial announced earlier this week is it teaming up with FundsLibrary, a provider of digital fund data and regulatory solutions, to provide regtech solutions for European wealth and asset managers. The duo is now developing an offering to address the challenges posed… Read More

September 27, 2019 @ 1:30 pm By Therese Torris  |  

LendIt Fintech Europe 2019, which took place September 26-27 in London, was placed under the banner of lending and banking convergence. As incumbents collaborate with Fintechs, online lending marketplaces become banks, and challenger banks expand into credit, a new ecosystem is emerging. An indispensable part… Read More

September 15, 2019 @ 4:27 pm By JD Alois  |  

Last week on September 11, the Australian Senate decided to establish a “Select Committee on Financial Technology and Regulatory Technology” or a committee to research and follow Fintech and Regtech. According to the Australian Parliament, the committee will inquire and report on the following matters:… Read More

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

The government of Catalonia is developing a decentralized identity solution that will allow the autonomous community’s residents to control their data while interacting with internet-based services. Referred to as the IdentiCAT project, the launch of the new digital identity platform was announced on September 7… Read More

September 9, 2019 @ 7:03 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the nation’s central bank, revealed that a new regulatory evaluation program is being developed to connect payment companies with legal service providers.  The program is part of a joint initiative launched by the MAS and the Singapore Academy of… Read More

September 6, 2019 @ 11:52 am By JD Alois  |  

The Department for International Trade (DIT) is seeking applications from the UK Regtech sector to participate in a Regtech Mission to New York. The DIT Mission is scheduled to take place from November 13 to 15th. DIT states that the Mission offers UK firms the… Read More

September 4, 2019 @ 12:01 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published its first “Global RegTech Benchmarking Report,” sponsored by EY Japan. According to the research, the Regtech industry has topped $5 billion in revenue in 2018 following a five-year surge in startup activity. CCAF reports that, while… Read More

August 9, 2019 @ 2:29 am By Cali Haan  |  

A Regtech/blockchain forensics firm called Clain has determined that hackers who stole 7074 Bitcoins (worth $80 million USD) from the Binance exchange in May used a tumbling service called Chipmixer to obfuscate movements of the stolen funds. Clain, “a start-up…that provides enhanced AML/KYC solutions in… Read More

August 3, 2019 @ 12:10 pm By Xu Gao  |  

People’s Bank of China Publishes Trial Regulatory Measures on Financial Holding Companies On July 26th, the People’s Bank of China (PBC) published the Trial Measures on Supervision and Regulation of Financial Holding Companies (Exposure Draft) (hereinafter referred to as the Measures) and sought for feedback… Read More

August 1, 2019 @ 4:44 pm By Michael Ou  |  

“Regulation” is not often a word associated with “benefits” in blockchain and cryptocurrency circles. Indeed, many governments have been sharply criticised following the roll-out of regulatory guidelines addressing the flourishing blockchain industry. Some even suggest that it is a lack of regulation which has allowed… Read More

June 27, 2019 @ 10:09 am By JD Alois  |  

Clause Announces $5.5 Million Series A Round Galaxy Digital and DocuSign have joined to back a $5.5 million Series A round in smart contract cloud firm “Clause.” Existing investors BN Capital at Lerer Hippeau, and Seedcamp participated. Several new investors participated including Raptor Group, Galaxy… Read More

June 24, 2019 @ 12:35 pm By JD Alois  |  

Later this week the V20 conference will take place alongside the bi-annual G20 event being hosted in Japan. The G20 is, of course, the global powwow of 19 leading nations plus the EU. While mostly a lot of hobnobbing and back-room policy wrangling, while in… Read More

June 23, 2019 @ 11:36 am By JD Alois  |  

LawCloud, formerly doing business as iDisclose, issued a not last week addressing the Securities and Exchange Commission’s (SEC) Report on Regulation Crowdfunding (Reg CF). The report is a point in time snapshot of sector progress for the smallest sector of online capital formation. In brief,… Read More

June 20, 2019 @ 1:02 pm By JD Alois  |  

The Bank of England has published a report entitled, “Future of Finance: Review on the Outlook for the UK Financial System: What it means for the Bank of England.” The report is authored by Huw van Steenis. According to the document, van Steenis’ mission was… Read More

June 14, 2019 @ 12:42 pm By JD Alois  |  

Monax is a blockchain based platform that seeks to lead the sector regarding “digital legal infrastructure.” While finance may be the immediate focus for much of the blockchain industry, other early-stage firms are using the tech to improve a diverse sector of businesses. Edinburgh-based Monax… Read More

June 6, 2019 @ 12:00 pm By JD Alois  |  

Banking financial service software provider Synapse has closed on a Series B Funding round led by Andreessen Horowitz (a16z). Synapse raised $33 million in the funding round with participation from existing investors Trinity and Core Innovation Capital. As part of the investment, Angela Strange (General… Read More

May 31, 2019 @ 7:38 pm By Cali Haan  |  

Global consulting firm EY (Ernst & Young) has released its research into  the creation of “…a set of smart contracts and microservices,…(using the) ZoKrates zk-snark toolkit, to enable standard ERC-20 and ERC-721 tokens to be transacted on the Ethereum blockchain with complete privacy.” Software for… Read More

May 29, 2019 @ 9:20 am By JD Alois  |  

The governments of the US and the UK held its second meeting of the US-UK Financial Regulatory Working Group in Washington, DC. The inaugural meeting of the Working Group took place in September 2018. The Working Group was formed to improve “bilateral regulatory cooperation with… Read More