Tagged: compliance

October 9, 2022 @ 9:27 pm By Omar Faridi  |  

eToro, the social investing network, recently announced the appointment of Nicole Murphy as U.S. Chief Compliance Officer and James (Jim) McGrath as U.S. Head of Anti-Money Laundering. In her new role as U.S. Chief Compliance Officer, Nicole will “oversee the design, implementation, and maintenance of… Read More

October 9, 2022 @ 4:36 pm By Omar Faridi  |  

Sumsub, a global tech company providing anti-fraud and compliance solutions, announces the launch of “one click-KYC.” These services from Sumsub are available for users in India, Brazil, Nigeria and Indonesia. The new solution will “allow businesses to instantly onboard over 2 billion users without requesting… Read More

October 3, 2022 @ 11:17 pm By Omar Faridi  |  

Regtech Coinfirm has been integrated into Shyft Network’s Veriscope, a Travel Rule product. Shyft Network is “a public protocol designed to power data discoverability and compliance into blockchain while preserving privacy and sovereignty.” Facilitating the transfer of verifiable data between centralized and decentralized ecosystems, Shyft… Read More

October 3, 2022 @ 7:44 pm By Omar Faridi  |  

Directorate of Enforcement (ED) in India has reportedly frozen the cryptocurrencies WRX (utility token of WazirX) and USDT (Tether, an Ethereum token that is pegged to the value of a U.S. dollar) equivalent to Rs 47.64 Lakhs (appr. $58,000) “under the provisions ofthe Prevention of… Read More

September 22, 2022 @ 9:13 pm By Omar Faridi  |  

ACA Group, the governance, risk, and compliance (GRC) advisor in financial services, announced that it has acquired Ethos ESG, a provider of environmental, social, and governance (ESG) ratings data and software “for financial advisors, asset managers, institutions, and investors.” This acquisition “marks ACA’s first analytics… Read More

September 21, 2022 @ 8:27 am By Omar Faridi  |  

As a provider of fraud, compliance, and instant settlement solutions, Sardine announced a $51.5 million Series B funding round in order “to accelerate product development as well as marketing and sales across the globe.” Andreessen Horowitz’s Growth Fund led the investment round with participation from… Read More

September 20, 2022 @ 4:49 pm By Omar Faridi  |  

Assure, the platform for Special Purpose Vehicles (SPVs), and satschel, a comprehensive compliance company that aims to modernize financial systems using Web3 technologies, announced a bilateral partnership to enhance “the financial infrastructure of private markets.” Traditionally, private markets “are opaque, illiquid, and behave differently from… Read More

September 16, 2022 @ 8:12 am By Omar Faridi  |  

On 13 September 2022, the Central Bank of Ireland reprimanded and fined Danske Bank A/S, trading in Ireland as Danske Bank, €1,820,000 pursuant to its Administrative Sanctions Procedure “for three breaches of the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010, as amended (the… Read More

September 16, 2022 @ 7:33 am By Omar Faridi  |  

Berlin-headquartered compliance firm heyData announced the closing of a €3.3 million seed round. The investment round has been led by Ten VC along with contributions from existing investors Patrice Deckert, Stefan Tietze, and investors Martin Ostermayer and Dirk Freise and Picea Capital, among several others…. Read More

September 13, 2022 @ 6:39 pm By Omar Faridi  |  

We recently connected with Serhii Zhdanov, CEO at EXMO, a compliant cryptocurrency exchange, registered in the Republic of Lithuania as a “provider of activities of a virtual currency exchange operator and a deposit virtual currency operator” that promotes itself as making investing in crypto easy… Read More

September 12, 2022 @ 3:03 pm By Omar Faridi  |  

Securrency, a blockchain-based financial markets infrastructure and products company, announced that it will deploy its proprietary Digital Asset Composer on the XDC Network, a blockchain “with a mature ecosystem and a particular focus on real-world applications in global trade and finance.” Digital Asset Composer is… Read More

September 11, 2022 @ 6:07 pm By Omar Faridi  |  

authID [Nasdaq: AUID], a provider of secure, mobile, biometric authentication solutions, announced that Kompliant, a U.S.-based, AI-driven, business onboarding and risk-scoring company, will “integrate authID’s biometric authentication platform Verified™ to stop identity fraud and automate digital onboarding for its customers.” Kompliant works with payment processors… Read More

August 24, 2022 @ 2:49 pm By Omar Faridi  |  

Sumsub, a Regtech company that helps businesses stay compliant and fight digital fraud, “establishes its first US office in Miami, Florida, launching new services available for US customers.” Now local clients can “add Social Security Number (SSN) checks to verify users through Social Security records.”… Read More

August 23, 2022 @ 10:47 pm By Omar Faridi  |  

PassFort, A Moody’s Analytics Company that provides a SaaS Regtech platform that automates anti-financial crime and compliance processes, announced that OneBanx the shared banking innovator, “has chosen to use PassFort’s Know Your Business (KYB) workflow solution to create a seamless onboarding experience for business customers.”… Read More

August 22, 2022 @ 9:22 am By Omar Faridi  |  

The Association of Insurance Compliance Professionals welcomes Stacy Koron, Ethos’ Head of Compliance, and Machael Heise, Insurance Product Manager, to their leadership team. At Ethos, they are “constantly looking for ways to raise the ‘status quo’ and lead the industry on what life insurance for… Read More

August 4, 2022 @ 10:07 pm By Omar Faridi  |  

New announcements mark another benchmark underscoring Compliance.ai‘s leadership in providing RCM solutions “for the banking, financial services and insurance industries.” The company has “secured $6 million of funding with existing investor Cota Capital and new investment partner JAM FINTOP to support market growth.” John Philpott,… Read More

August 3, 2022 @ 10:33 pm By Omar Faridi  |  

Synctera, a Fintech platform helping innovators bring financial products to market more efficiently, has launched Ground Control, which is described as an “an end-to-end banking and compliance operational support program for developers and builders of financial products.” Ground Control is “a complimentary service that helps… Read More

July 25, 2022 @ 12:25 pm By Omar Faridi  |  

Irena Mihova joins Shyft Core’s top brass with industry experience “spanning more than a decade.” Shyft Network, the public protocol known for validating identity and power compliance directly into blockchain data, has “appointed industry veteran Irena Mihova, a widely regarded marketing disruptor, brand innovator, business… Read More

July 19, 2022 @ 10:27 pm By Omar Faridi  |  

Meow, the compliant crypto yield offering for corporate treasuries, recently announced it has closed on $22 million in Series A financing. The investment round was “led by Tiger Global, with participation from QED Investors, leading cryptocurrency exchange FTX, and others, and will be used to… Read More

July 5, 2022 @ 7:57 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC) and Client Lifecycle Management (CLM), has launched a solution to “enable financial institutions to reduce regulatory and reputational risk and streamline operations for ESG compliance.” This allows firms to automatically “calculate climate, reputational and… Read More