Tagged: compliance

July 5, 2023 @ 12:02 pm By Omar Faridi  |  

Binance Australia offices were recently searched by regulatory authorities as a key part of a derivatives probe. ASIC has reportedly visited the offices of Binance in Australia on Tuesday (July 4, 2023). The digital asset exchange claims that it remains focused on complying with applicable… Read More

July 3, 2023 @ 11:45 am By Omar Faridi  |  

Unit21, the risk and compliance infrastructure company, is pleased to share its $45 million Series C funding led by Tiger Global and South Park Commons in 2022. The funding has “supported the growth of the Fintech Fraud DAO consortium, which is experiencing a surge in… Read More

June 30, 2023 @ 7:58 am By Omar Faridi  |  

Treasury Prime, an embedded banking software company, announced its strategic partnership with Sardine, an all-in-one fraud detection, compliance, and risk management platform. This collaboration will empower companies and financial institutions within Treasury Prime’s multi-bank network “to leverage Sardine’s Sponsor Bank Operating System, offering turnkey fraud… Read More

June 26, 2023 @ 6:09 pm By Omar Faridi  |  

GSR – the global crypto market maker and liquidity provider – has selected direct custody technology platform Fireblocks and Elliptic – a blockchain analytics provider – to streamline and further amplify its compliance practices in digital asset trading and market making. Through Elliptic’s rich API… Read More

June 26, 2023 @ 7:38 am By Omar Faridi  |  

The FSMA has noted that Binance is offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are “not members of the European Economic Area.” The FSMA has therefore ordered Binance “to cease,… Read More

June 26, 2023 @ 7:12 am By Omar Faridi  |  

Cleareye.ai, Inc., which claims to be the provider of a “category-leading” digital trade finance solution ClearTrade, for digital automation of trade compliance and operations, today announced it has secured a strategic investment from J.P. Morgan. The ClearTrade Platform, “built to revolutionize trade finance, is a… Read More

June 21, 2023 @ 9:53 am By Omar Faridi  |  

We recently caught up with Valerii Brizhatiuk, Chief Product Officer, Co-Founder at Swisstronik, a layer-1 solution designed to build scalable decentralized applications that ensure users’ data protection and privacy, while remaining in compliance with local regulations. According to the project team, Swisstronik is unique because… Read More

June 19, 2023 @ 11:22 pm By Omar Faridi  |  

Elliptic – the global firm focused on crypto-asset risk management – has released a landmark report to equip compliance and law enforcement teams with the necessary tools to combat the next frontier of crypto crime. Elliptic’s flagship Typologies Report – which remains “the only comprehensive… Read More

June 12, 2023 @ 10:47 pm By Omar Faridi  |  

Onfido, the automated identity verification provider, announced it has achieved ETSI TS 119 461 certification, the latest European technical standards for identity proofing and trust services by the European Telecommunications Standards Institute (ETSI). This allows Onfido to “act as an Identity Proofing Service Provider (IPSP)… Read More

June 9, 2023 @ 2:17 pm By Omar Faridi  |  

Clausematch is pleased to announce it has signed an agreement with Compliance Consultant, experts in FCA compliance and authorisation. The partnership is “aimed at strengthening current compliance strategies and best practices with advanced policy management and compliance automation solutions.” Compliance Consultant “provides regulatory compliance guidance… Read More

June 7, 2023 @ 7:13 am By Omar Faridi  |  

FloQast, a provider of accounting workflow automation software created by accountants for accountants, released the results of its latest market research survey, Compliance and Controls: The State of the Industry, in conjunction with the University of Georgia Consumer Analytics program. With only 26% of participants… Read More

June 6, 2023 @ 8:52 pm By Omar Faridi  |  

RIBBIT, Inc., the “authority” on alternative bank and payment data, today announces its acquisition of ValidiFI, a provider of fraud, compliance, and risk mitigation solutions. The acquisition will aim to “create the industry’s leading banking and payment data solutions platform, improving the company’s product offering… Read More

June 5, 2023 @ 1:15 pm By Omar Faridi  |  

Jumio, the provider of automated, end-to-end identity proofing, risk assessment and compliance solutions, released the Jumio 2023 Online Identity Study, the second installment of its annual global consumer research, conducted by Censuswide. This year’s results highlight “an understanding among consumers around how generative AI and… Read More

June 3, 2023 @ 9:49 am By Omar Faridi  |  

Red Flag Alert are the UK’s provider of business data intelligence and analytics to predict growth, global compliance risk and insolvency, based in Manchester. The company have “announced £ 4.5 million in funding from Foresight and Uncapped.” The company, based in Manchester, where it “employs… Read More

June 1, 2023 @ 8:52 am By Omar Faridi  |  

Socure, the provider of digital identity verification and fraud solutions, announced today that its Socure ID+ platform has been added to the State Risk and Authorization Management Program’s (StateRAMP) Progressing Product List after illustrating the core regulatory and industry-defined requirements for StateRAMP compliance. Socure is… Read More

May 27, 2023 @ 5:27 am By Omar Faridi  |  

FloQast, a provider of accounting workflow automation software created by accountants for accountants, announced the launch of FloQast Compliance Management, an advanced workflow solution that “helps finance, accounting, and internal audit teams centrally manage and integrate compliance into business processes for continuous audit readiness and… Read More

May 25, 2023 @ 8:32 pm By Omar Faridi  |  

As part of Kraken’s commitment to client security, they have reportedly completed and passed an independent auditor’s examination over internal controls as defined by the American Institute of Certified Public Accountants (AICPA) SOC 2, Type I compliance standard. Kraken has shared details “about this process… Read More

May 23, 2023 @ 5:30 pm By Omar Faridi  |  

The Securities Commission Malaysia (SC) has taken action against Huobi Global Limited, and its Chief Executive Officer Leon Li for “operating a digital asset exchange (DAX) in Malaysia without registration.” Accordingly, the SC has “issued a public reprimand against Huobi Global Limited, and Leon Li… Read More

May 17, 2023 @ 8:20 am By Omar Faridi  |  

Stearns Bank N.A. has partnered with Sardine, a provider of risk management and compliance solutions, to enhance Stearns Bank’s fintech program. This collaboration marks a “first-of-its-kind” approach in community banking “to provide an all-in-one risk management and compliance platform for sponsored programs to address evolving… Read More

May 16, 2023 @ 12:14 am By Omar Faridi  |  

Hyphe, the digital asset liquidity provider for financial institutions, has received a certificate of compliance to ISO 27001 Information Security Management by internationally-recognized certification body, BSI Group. The certification “reinforces Hyphe’s commitment to the highest security standards ahead of Europe’s new Markets in Crypto Assets… Read More