Tagged: regulatory technology

BearingPoint Sells RegTech Unit to Nordic Capital

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

Regtech Firm Hummingbird CEO Joe Robinson Explains that Fintechs are Focusing on Front End as Banks Handle Compliance Requirements

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

Eran Noam From Shield Explains How Natural Language Processing and Financial Context Recognition Help with Business Compliance Processes

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

Australian Online Lender Prospa Says More Support Needed for Open Banking Adoption, Agrees with Fintech Report from Senate Committee

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

Australian Senator Andrew Bragg Recommends Adopting Latest Fintech and Regtech Solutions to Ensure Country Remains “Globally Competitive”

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

Regtech Software Provider iComply Lists in the FINRA Compliance Vendor Directory

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

Regtech Firms Lucinity, Hummingbird Secure Millions in Funding, will Further Develop AML Tech to Prevent Financial Crimes

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

Open Banking and Regtech Firm Railsbank Gains Hong Kong Fintech Statrys as New Client

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

Payment Verification Tech Provider ISignThis Loses Legal Battle to Suppress Australian Securities Exchange’s Reasons for Share Suspension

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

Regtech: European Trade Repository REGIS-TR Partners Sensiple to Offer Interoperable, Automated Reporting Software

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

Wealthtech: UK-based ikigai, Developer of a Wealth Management App, to Work with Regtech Firm TruNarrative to Prepare for Official Launch

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

Regtech: UK-based Railsbank, an Open Banking and Compliance Firm, Secures Additional Funding from Visa, Global Brain

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

Regtech: Dublin-based Regulatory Software Developer DX Compliance Solutions to Raise €1.2 Million via Seed Round

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

Regtech: Taiwan’s CoolBitX, a Blockchain Security Firm, Secures $16.75 Million in Funding via Round Led By SBI Holdings

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

Saxo Bank and Geely Sweden Holdings to Offer Financial and Regtech Products to Chinese Financial Institutions

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

Regtech: Centenal, CustomerXP, Dathena, IDfy, Merkle Science are the Top 5 Asian Regulatory Tech Firms according to Regtech100

Regtech100 recently published its latest list of the world’s top or best 100 regulatory technology (Regtech) firms. There were five Regtechs on the list that are based in Asia. Regtech100 compiles a list of the 100 most innovative Regtech firms each year. The list aims… Read More

Broadridge Teams Up With FundsLibrary to Provide RegTech Solutions For European Wealth & Asset Managers

U.S.-based fintech Broadridge Financial announced earlier this week is it teaming up with FundsLibrary, a provider of digital fund data and regulatory solutions, to provide regtech solutions for European wealth and asset managers. The duo is now developing an offering to address the challenges posed… Read More

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