Regtech ComplyAdvantage reports record year, makes senior hires
Nabeel Vilcassim joins as chief financial officer (CFO) and Oliver Furniss as chief product officer (CPO).
Anti-Money Laundering/AML
UK’s Financial Conduct Authority hands out £568m worth of fines in 2021
The scrutiny of large financial services giants formed part of the FCA’s broader strategy.
Trulioo hires product veteran Michael Ramsbacker as its first chief product officer
Ramsbacker will be developing intelligent workflow systems designed to maximise verification rates.
SmartSearch appoints ex-Dow Jones exec as CEO as company founder steps down
SmartSearch founder and CEO John Dobson will be a non-executive director.
Video: fintech news pick of the week – Petal, Unibo, & iProov
Our top pick of news from the world of finance and tech in bitesize video format, every week.
What the FinTech? Podcast | Season Two’s Jailed Buzzwords
We run down all the buzzwords our podcast guests wanted gone from the industry this year.
FCA fines HSBC £64m for failings in its AML processes
The FCA says HSBC’s transaction monitoring systems showed “serious weaknesses” between 2010 and 2018.
Video: fintech news pick of the week – NatWest, Tyme & Uni
Our top pick of news from the world of finance and tech in bitesize video format, every week.
FinTech Futures Jobs: Three great jobs to apply for before Christmas
Exciting open vacancies at Seedrs, Monzo and Klarna. Apply today!
NatWest hit with £264.8m fine from FCA for money laundering failures
The fine includes a 33% discount thanks to the bank’s early guilty plea.
FinTech Futures Jobs: Three exciting roles to apply for this week
Exciting open vacancies at Starling Bank, Funding Circle and Crowdcube. Apply today!
Anti-money laundering regtech Hummingbird secures $30m in Series B round
New funding brings the total raised to date by the start-up to $41.8m.
Regtechs PassFort and kompany acquired by Moody’s Corporation
Both companies will be integrated into Moody’s KYC business within Moody’s Analytics.
ICYMI funding round-up: Chip, Multiverse Computing, Kevin, APLYiD & more
Another collection of funding rounds and raises from all over the world you might have missed.
Aussie ID and fraud prevention platform FrankieOne nets $15m Series A round
Start-up sees investment from Robinhood founder and CEO Vlad Tenev and Monzo founder Tom Blomfield.
Why PostgreSQL meets fintech database demands
How to get the best out of your database and to ensure your PostgreSQL deployment is stable, secure, and performant.
DNB Bank picks Fenergo to provide CLM solutions in multi-year project
Norwegian banking group plans revamp of currently manual processes.
Sibos 2021: Africa has world’s best demographics for financial services, says Standard Bank CEO
Investment and connectivity have created “vast opportunities”, says Sim Tshabalala.
NatWest pleads guilty to £365m money laundering failure
UK bank faces rare criminal proceedings in December.
Coastal Community Bank picks Finzly to modernise payments processes
Coastal Community Bank has more than $2 billion in assets under management.
Fraud prevention platform Alloy hits unicorn status with $100m investment
Investment will go towards building out an evolving customer identity profile offering.
ComplyAdvantage tapped by Hampshire Trust Bank for AML solution
RegTech’s AI-driven financial crime solutions will protect HTB at a time of rapid growth.
Bahrain’s Bank ABC taps Fenergo for client management solution
Bank ABC operates across the Middle East, North Africa, Europe, the Americas and Asia.
Cobo raises $40m Series B funding for DeFi-as-a-Service platform
The Singaporean crypto platform will also use the $40m raised to secure regulatory licences.
Regtech start-up PassFort lands $16.2m Series A funding round
PassFort intends to use the money to expand internationally.
White paper: Five key qualities of a successful AML compliance programme
An effective AML compliance programme will protect your company from regulatory fines and prosecution.
Exclusive: Inside the merger of DueDil and Artesian Solutions
FinTech Futures sits down with the CEOs of DueDil and Artesian to talk about their merger.
Technical brief: Scalable, actionable anti-money laundering infrastructure
Open source AML solutions offer lower costs, rapid technology evolution, and broad community-based innovation.
Coinbase deploys Solarisbank to streamline onboarding in Germany
Cryptocurrency platform deploys new systems to improve KYC.
LexisNexis acquires onboarding and risk platform TruNarrative
TruNarrative will join LexisNexis’ business solutions group.
Israel Discount Bank of New York picks Argo for anti-fraud
Texas-based Argo will deploy its OASIS platform.
DueDil to merge with Artesian Solutions due to “lack of funding”
Reports indicate DueDil shareholders won’t get a return on investment.
UBS fined by Hong Kong’s SFC for compliance breaches
SFC slaps $1.5 million fine on Swiss bank for multiple issues.
How evolving tech is changing digital habits
A deeper look at some of the technologies that are changing our digital habits.
FCA investigating Monzo as challenger reports £115m yearly loss
The FCA is investigating Monzo over potential breaches of money laundering laws.
Perpetual KYC and the move away from periodic reviews
Continuously monitoring customer information using AI could have advantages for banks and fintechs.
How AI can help identify front and shell companies
Detection using AI can help banks and fintechs avoid huge regulatory fines.
ICYMI funding round-up: Credit Fair, Plooto, Xclaim, Weavr & more
Another batch of funding rounds that might have flown under your radar.
Unit21 closes $34m Series B round led by Tiger Global
The firm says the new investment takes its total valuation up to $300 million.
Signicat acquires Spanish video identity firm eID
Norwegian vendor pulls the acquisition trigger after four years of partnership.
