Tagged: compliance

December 9, 2022 @ 8:13 am By Omar Faridi  |  

Fenergo, a compliance solutions provider, announced the appointment of former SunTrust (Truist) compliance executive Tracy Moore as Director of Strategy in the Americas. Moore will “oversee the development and execution of business strategy across Fenergo’s operations in North America, including those in the United States… Read More

November 26, 2022 @ 8:07 pm By Omar Faridi  |  

The team at digital asset firm Gemini are pleased to announce “the launch of the Gemini Trust Center, a dashboard of metrics for the funds [they] hold on the Gemini platform and on your behalf, as well as other important data and information.” As noted… Read More

November 14, 2022 @ 11:25 pm By Omar Faridi  |  

ComplyAdvantage, a global data technology company transforming financial crime risk detection, announces a training program “designed to help compliance teams navigate potential threats when onboarding customers.” Financial institutions must legally “vet new clients for money laundering, terrorist financing, sanctions evasion, and corruption before providing access… Read More

November 8, 2022 @ 10:05 pm By Omar Faridi  |  

Facctum, a Risktech firm specializing in cloud-delivered enterprise risk decisioning technology, recently announced the launch of FacctSet, a solution designed to streamline watchlist management for enhanced compliance outcomes. FacctSet is reportedly one of the first purpose-built products designed to address the various data management challenges… Read More

October 31, 2022 @ 8:54 am By Omar Faridi  |  

Crypto lending platforms, including BlockFi, Ledn, and Nexo, have recently raised their interest rates on deposits. Historically, crypto lending platforms have offered fairly steep returns. The question is, why? They’re citing a lack of options for borrowers, given both Celsius and Voyager going bankrupt, but… Read More

October 25, 2022 @ 11:27 pm By Omar Faridi  |  

Baffle, Inc. announced that Saxo Bank is deploying Baffle Data Protection Services “to protect sensitive customer data, ensure compliance with stringent regulations, and support the bank’s migration to a highly scalable cloud and microservices architecture.” Saxo Bank will also be “integrating Baffle into its customer-facing… Read More

October 18, 2022 @ 1:36 am By Omar Faridi  |  

Investment in the regulatory compliance consultancy marks Copper Street Capital’s fifth investment, as the private equity investor “widens its portfolio across lower mid-market European financial services.” Thistle Initiatives Group will use Copper Street investment “to double in size over the next three years through organic… Read More

October 17, 2022 @ 7:25 pm By Omar Faridi  |  

Blue dot, a tax compliance platform for employee-driven spending for VAT recovery and Taxable Employee Benefits (TEB) analysis, announced the launch of a new partnership with Rydoo, an international SaaS software solution for managing business expenses. The partnership “offers a one-of-a-kind, AI powered solution empowering… Read More

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