Tagged: regulatory technology

February 25, 2021 @ 11:52 pm By Omar Faridi  |  

Dublin-based Fenergo, a Fintech company focused on supporting digital transformation initiatives, has announced the appointment of a new Asia Head of Sales who will be leading growth operations and executing on Fenergo’s innovative Cloud strategy in the APAC region. Fenergo has hired Gary Brookes to… Read More

January 28, 2021 @ 10:35 pm By Omar Faridi  |  

Approximately half or 50% of companies that have previously submitted their regulatory reporting on the UK Financial Conduct Authority’s (FCA) Gabriel systems are now using RegData, the regulator recently confirmed. According to the FCA, RegData is central or key to their overall data strategy which… Read More

January 22, 2021 @ 8:00 am By Omar Faridi  |  

A recent report released by the Hong Kong Monetary Authority (HKMA) has outlined various case studies and insights from banking institutions that have implemented different technologies to improve the overall efficiency and effectiveness of their AML/CFT requirements. The HKMA’s report identifies key opportunities that regulatory technology… Read More

January 6, 2021 @ 9:04 pm By Omar Faridi  |  

Singapore-based Silent Eight, a Regtech firm that leverages AI to prevent money laundering and terrorism financing activities, has revealed that it has agreed to a multi-year partnership with HSBC which aims to assist the bank with improving its compliance measures and related operations. HSBC chose… Read More

December 14, 2020 @ 8:28 am By Omar Faridi  |  

  The year 2020 has seen a dramatic shift towards all-digital platforms and services following the COVID-19 outbreak. Many businesses across the globe have accelerated their digital transformation strategies in order to maintain operations in a post-COVID environment. By necessity and also by design, companies… Read More

November 4, 2020 @ 10:27 am By Samantha Hurst  |  

Management and technology consultancy BearingPoint announced on Wednesday it is selling its independent Regulatory Technology (RegTech) business unit to private equity investor Nordic Capital. According to BearingPoint, the acquisition is a result of a strategic process to enable accelerated growth for the unit as a… Read More

October 25, 2020 @ 10:28 pm By Omar Faridi  |  

Joe Robinson, Co-Founder and CEO at Hummingbird, a modern platform for anti-money laundering (AML) that makes investigations “agile and intelligent,” says that it took some time before traditional banks began to view Fintech firms as legitimate business partners that could help them with their digital… Read More

October 18, 2020 @ 6:07 pm By Omar Faridi  |  

Israel based Regtech firm Shield was recently chosen to join the IBM Cloud for Financial Services ecosystem. Many financial institutions have been migrating or deploying new applications on Cloud-powered platforms that streamline routine banking and related business processes. We recently caught up with Eran Noam,… Read More

September 8, 2020 @ 11:45 pm By Omar Faridi  |  

Prospa (ASX: PGL), an online small business lender based in Australia and New Zealand, has reportedly welcomed the interim report recently released by the Senate Committee on Fintech and Regtech. But Prospa has also come to an agreement with other industry participants that a lot… Read More

September 5, 2020 @ 2:11 pm By Omar Faridi  |  

Senator Andrew Bragg, the Chair of the Senate Select Committee on financial technology and regulatory technology in Australia, recently introduced an interim report which included 32 different recommendations. Bragg noted that as the country tries to cope with its first recession in the past three… Read More

July 29, 2020 @ 10:59 am By Samantha Hurst  |  

Canadian regtech company iComply Investor Services announced on Wednesday its listing in the Financial Industry Regulatory Authority (FINRA) Compliance Vendor Director, which notably features vendors that offer products, solutions, and services to firms overseen by the U.S. regulator. Founded in 2017, iComply claims to be the… Read More

July 19, 2020 @ 1:17 pm By Omar Faridi  |  

Lucinity, an AML software developer established by a compliance professional who previously worked at Citigroup, has acquired $6.1 million in capital. Meanwhile, Regtech company Hummingbird, which is also an anti-money laundering software developer, has finalized an $8.2 million Series A investment round. Lucinity’s recent round… Read More

June 29, 2020 @ 9:50 pm By Omar Faridi  |  

UK-based Railsbank, an Open Banking and Regtech solution provider, revealed on June 29, 2020, that it has gained Hong Kong Fintech Statrys as a new client. Statrys offers digital business accounts, advanced payment options, and forex solutions for SMEs based in Asia. It provides convenient… Read More

May 3, 2020 @ 11:29 am By Omar Faridi  |  

ISignthis (ASX:ISX), a Melbourne-based provider of remote AML/CFT KYC-enhanced due diligence identity proofing, has reportedly lost its initial legal battle with the Australian Securities Exchange (ASX) over the suspension of its company shares. The suspension was announced following an order from the federal court which… Read More

May 1, 2020 @ 1:14 pm By Omar Faridi  |  

European trade repository REGIS-TR, which is a joint initiative established by the Clearstream (Deutsche Börse Group) and Iberclear (BME Group), will partner with Sensiple, a company offering regulatory technology (Regtech) for making repurchase agreements and facilitating secure lending. Through the partnership, REGIS-TR and Sensiple plan… Read More

April 28, 2020 @ 4:26 pm By Omar Faridi  |  

UK-based ikigai, the developer of a wealth management and banking app, will be working with TruNarrative, a regulatory technology (Regtech) platform, in order to prepare for its official launch. The Wealthtech firm has taken its name from a Japanese concept or idea which means “a… Read More

April 9, 2020 @ 8:28 am By Omar Faridi  |  

UK-based Railsbank, an open banking and Regtech solution provider, has secured additional funding with contributions from Visa and Global Brain, a Japanese venture capital firm. In September 2019, Railsbank had acquired $10 million in capital as part of its Series A round. The amount of… 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 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

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