Regtech & Legaltech

Ireland’s Regtech Fenergo has Reportedly been Acquired by Private Equity Firms

Ireland’s Regtech firm Fenergo reveals that it has been acquired by private equity companies, the Paris-headquartered Astorg and London’s  Bridgepoint, from Insight Partners. Although the financial terms of the deal haven’t been shared publicly, the Irish Times said that industry sources claim that the transaction… Read More

London Regtech ComplyAdvantage Receives $20M from Goldman Sachs, Part of its $70M Series C Extension

ComplyAdvantage, an AI-enhanced financial crime detection firm, has  extended its Series C funding round to $70 million, with an additional $20 million from Goldman Sachs. ComplyAdvantage‘s  investment has reportedly come on top of the firm’s oversubscribed Series C round that was announced in July of… Read More

Spanish Stock Exchange, Bolsa y Mercados Espanoles, Partners with F10 on Wealthtech/Regtech Program

The Bolsa y Mercados Espanoles (BME), the Spanish stock exchange, has partnered with Switzerland-based Fintech accelerator F10 on a program to boost Wealthtech and Regtech startups. F10 is a global innovation ecosystem with offices in Zurich, Singapore, Madrid, and Barcelona. Its incubators and accelerators cover… Read More

Regtech SmartSearch Launches Product to Help Non-Regulated Markets Do KYC, ID Verification for UK Residents, International Clients

SmartSearch, an anti-money laundering (AML) solution provider, has reportedly entered the non-regulated market with the launch of a product that’s a part of its business growth strategy. The Ilkley, West Yorkshire-based Regtech firm reports that it recorded its most successful year to date in 2020…. Read More

UK Legaltech Exizent Partners Experian to Automate Discovery Process involved in Probate

Legal technology (Legaltech) company Exizent has teamed up with Experian in order to automate the asset discovery process that’s involved in probate. Through their partnership, Exizent and Experian aim to pave the way for future institution connectivity, with the goal of making routine processes a… Read More

London based Napier, Provider of Anti Financial Crime Compliance Tools, to Offer Transaction Screening to ClearBank

London-based Napier, a provider of anti-financial crime compliance solutions, has revealed that it will be offering ClearBank, the Cloud-powered clearing bank, with its Transaction Screening system. As a purpose-built, tech-enabled clearing bank, ClearBank provides Cloud-based banking services to financial service providers, FCA-regulated companies and Fintech… Read More

Scottish Equity Partners Backs Regtech Firm FundApps

Scottish Equity Partners has invested in FundApps, a UK-based Regtech, for an undisclosed amount according to a note from the company. FundApps is described as a “compliance-as-a-service” (CaaS) business, that improves the way investment managers deal with the regulatory burden by combining cloud technology, regulatory… Read More

Digital Banking Fintech Revolut Integrates with Elliptic to Expand Cryptocurrency Offering

Digital bank Revolut, one of the fastest-growing Fintechs with over 15 million customers, revealed on May 11, 2021, that it has integrated with Elliptic, a provider of digital asset risk management and blockchain analytics software. This partnership should allow Revolut to expand its cryptocurrency offering…. Read More

Regtech ALT/AVE Uses Hedera Hashgraph to Target Paper Waste in Financial Services Industry

Regtech ALT/AVE is leveraging Hedera Hashgraph to target paper waste within the financial services industry. According to a note from the company, their new service docStribute has been launched to distribute mandatory, regulated documents to customers, offering an alternative to sending documents to customers via… Read More

Regtech Startup First AML Launches in Australia

  First AML, an anti-money laundry regtech startup, announced on Tuesday it has launched its operations in Australia. Founded in 2017, First AML streamlines anti-money laundering compliance through its online identity verification system that may be used by individuals anywhere in the globe through a smartphone.  The… Read More

BaaS Platform HUBUC Announces Partnership With UK Regtech ComplyAdvantage

  HUBUC announced on Wednesday it has formed a partnership with regtech ComplyAdvantage to integrate compliance and security screening technology to its banking-as-a-service (BaaS) platform. HUBUC describes itself as an embedded financial service provider that allows businesses to integrate multiple payment capabilities from a single… Read More

Monetary Authority of Singapore Dedicates S$42 Million for Regtech Initiatives

The Monetary Authority of Singapore (MAS) has announced a new grant program targeting Regulatory Technology or Regtech that is said to be an enhancement of the Digital Acceleration Grant (DAG) scheme to accelerate technology adoption.  In a public statement, MAS said it will commit S$42… Read More

Compliance and Data Analytics Firm SteelEye to Address Market Abuse, Communications Monitoring with Lexicon Tech

Compliance tech and data analytics provider SteelEye plans to address market abuse and communications monitoring with lexicon technology. The new tech can reportedly monitor over 6x as many search terms as a typical lexicon. SteelEye’s product has been developed in a manner that adheres to… Read More

London Regtech ComplyAdvantage Releases Report Noting that Firms Update Risk Enterprise-Wide Assessments to Account for Digitization Trends

London-based ComplyAdvantage, a company that offers real-time financial crime insight that “puts you in control,” notes that the European Union has introduced a strategy to deal with  organized and financial crime and the US recently imposed new sanctions on Russia. While sharing recent financial crime… Read More

UK’s National Fraud Database Cifas Reports Identity Fraud Up Significantly, New Survey Finds Digital IDs May Solve Problem

Survey results shared by Duff & Phelps, A Kroll Business on Tuesday (April 21, 2021) revealed that 81% of respondents either agreed or strongly agreed with the idea that digital IDs may improve our ability to combat financial crime across the financial services sector. Duff… Read More

American Fintech Council Expands to Include Over 75 Members, Regulatory Tech and Legal Advisory Committees to Support Policy Development

The American Fintech Council has reportedly expanded to include over 75 members. The Council has also announced several new leadership initiatives, according to a release. As noted in the announcement, the newly formed committees will be including the Regulatory Technology Committee and Legal Advisory Committee… Read More

Software based Facial Recognition for Secure Digital Payments to be Used by 1.4B Consumers Worldwide by 2025: Report

A recent study released by Juniper Research, titled Mobile Payment Authentication: Biometrics, Regulation & Market Forecasts 2021-2025, reveals that the number of users using software-powered facial recognition to conduct secure digital payments will surpass 1.4 billion internationally within the next 5 years (up from only… Read More

Digital Legaltech Platform Thirdfort Raises £1.5 Million Through Latest Investment Round

    Thirdfort, a UK-based Legaltech startup, announced on Monday it secured £1.5 million through its latest investment round. The funds come just a little over six months after Thirdford raised £1 million. As previously reported, Thirdfort stated it is enabling solicitors and licensed conveyancers to… Read More

Crypto Intelligence Firm CipherTrace Is Using Chainlink to Help DeFi Apps Follow OFAC Sanctions Requirements

Cryptocurrency intelligence firm CipherTrace is reportedly using Chainlink to release CipherTrace DeFi Compli: a compliance solution enabling decentralized or non-custodial exchanges (DEXs) and other DeFi apps to adhere to the Office of Foreign Assets Control (OFAC) sanctions requirements. As part of its decentralized finance (DeFi)… Read More

Regtech: SteelEye Plans North America Expansion

SteelEye has distributed a note revealing its expansion into North America. SteelEyes is a UK-based compliance and data firm that has reported rapid growth in Europe. SteelEye seeks to provide a comprehensive SaaS-based Regtech platform that allows banks, brokers, and asset managers to simplify their… Read More

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