Australian ID verification fintech Data Zoo lands $22.7m Series A funding
The round represents Data Zoo’s first ever outside investment.
Compliance
CFPB fines Chime $3.25m for customer refund delays
Chime is to also pay “at least $1.3 million in redress to harmed consumers”.
FINRA fines SoFi $1.1m after consumer identification flaws led to multi-million dollar heist
SoFi Money – the unit targeted by fraudsters – was ultimately closed by the fintech in June 2022.
Ireland’s Corlytics snaps up Deloitte UK regtech platform
The regtech platform helps institutions manage, structure, and source compliance and regulatory change.
JP Morgan Chase to pay additional $100m penalty to US regulator over trade surveillance data gaps
The bank was previously hit with a $348 million fine from the OCC and FRB in March.
Former Thomson Reuters exec David Larson named Feedzai’s new CFO
Larson previously spent over eight years at Canadian multinational information corporation Thomson Reuters.
Celebrating 25 years of innovation: Banking Tech Awards 2024 nominations now open
Nominations for the Banking Tech Awards 2024 are now officially open to companies worldwide!
PPRO names Bronwyn Boyle as new chief information security officer
Boyle has previously held leadership roles at Mambu, IBM, Barclays, and Lloyds Banking Group.
Delta Capita buys Client On-Boarding solution from LSEG
LSEG is to continue using the solution as a client of Delta Capita.
Traydstream hires Microsoft’s Stephan Hufnagl as new CTO
Hufnagl boasts over 20 years of cloud architecture, business strategy and engineering experience.
Risk orchestration: addressing the misconceptions – hub platform vs true orchestration performance
There’s a genuine bottom-line benefit to be realised through effective risk orchestration of your compliance processes.
Encompass Corporation promotes VP Stuart Barnard to CFO
Barnard is to take “ultimate responsibility” for the UK regtech’s global finance and business operations.
UK regtech ComplyAdvantage snaps up Golden to strengthen financial crime intelligence offering
The deal will also see VC firm Andreessen Horowitz become a shareholder in ComplyAdvantage.
The essential buyer’s guide for risk orchestration software
Crucial insights for fintechs seeking risk orchestration platform vendors to streamline their customer lifecycle and regulatory screening.
Fund administrator Alter Domus taps Temenos for Multifonds platform
Temenos says its tech will enable the firm to manage “a significant increase in transaction volumes”.
Wells Fargo to integrate AI into trade finance operations with TradeSun
The San Francisco-based bank will utilise the fintech’s TradeSun Intelligence V4 solution.
ICYMI fintech funding round-up: Mimo, TransferGo, Smartpay, Adro and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FloQast lands $100m Series E funding at $1.6bn valuation
FloQast claims its flagship offering, the Accounting Operations platform, serves over 2,600 accounting teams worldwide.
Nuvei lands Singapore MPI licence for APAC expansion
The licencing follows the paytech’s $6.3 billion acquisition by Advent International.
UK fintech Gresham Technologies to be acquired by STG Partners for £147m
The acquisition is expected to close by the third quarter of 2024.
UK paytech TerraPay handed MPI licence by MAS in fresh push for APAC expansion
TerraPay says it will leverage the licence to “strengthen existing and new partnerships” in the APAC region.
Banking Technology Magazine April 2024 issue out now
Core story: GOLD GETTERS – The Olympics and fintech make the perfect team.
MAS unveils new Cosmic platform to help banks defend against terrorism financing and money laundering
Cosmic was co-developed by MAS and six banks – Citibank, DBS, HSBC, OCBC, UOB, and Standard Chartered.
Aussie automotive fintech AutoSettle names Jason Van as new CEO
The new CEO has been tasked with leading the start-up’s “next phase of growth and innovation”.
Australian banking software vendor Constantinople bags $33m in Series A round
The new cash injection adds to the $20 million Constantinople previously raised via its May 2022 seed round.
ICYMI fintech funding round-up: ZayZoon, Koin, FacePhi, Belong and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Risk management specialist Abrigo snaps up TPG Software for investment accounting tech
The acquisition will boost the growth of Abrigo’s existing suite of technical accounting solutions.
UK regtech Encompass Corporation appoints Neil Acworth as new CISO
Acworth’s appointment follows Encompass’ recent acquisitions of CoorpID and Blacksmith KYC.
Denmark’s Danske Bank enters multi-year cloud partnership with AWS
Danske Bank will migrate selected legacy applications, data, and infrastructure to the AWS cloud.
Fintel acquires an initial 70% stake in UK start-up ifaDASH
Fintel has a two-year option to purchase the remaining 30% stake in ifaDASH for an agreed multiple of EBITDA.
UK regtech GSS lands £37m in Series A2 funding round
GSS says the new funding coincides with its “transition from the development phase to the operational phase”.
Two US fintechs to pay a total of $59m to settle FTC charges related to PPP
Biz2Credit will pay $33 million and Womply will pay $26 million to settle the two separate cases.
Baader Bank modernises regulatory trade and transaction reporting with Broadridge
Baader Bank already uses Broadridge’s solutions for trading and market connectivity, and order management.
Integrated Finance partners KYP for data intelligence and risk monitoring tech
KYP will provide Integrated Finance with onboarding, screening and transaction monitoring tech.
Country Builders Bank in the Philippines selects Kiya.ai for banking tech upgrade
CBB hopes the partnership will help boost its operational efficiency and growth.
Optimising compliance in a busy year of reporting rewrites using Rosetta
Exploring the safe, fast and cost-effective regulatory compliance solution the industry has been looking for.
Video: BBVA at FinovateEurope 2024 – Open banking in the EU
Jose Luis Navarro of BBVA discusses the evolution of the open banking landscape in the EU.
JP Morgan Chase hit with $348m in fines related to its trade surveillance programme
The fines were issued by the the Office of the Comptroller of the Currency and the US Federal Reserve.
France’s Request Finance acquires crypto accounting fintech Consola Finance
The purchase is set to bolster Request Finance’s platform with crypto-specific accounting functions.
JP Morgan leads €36m Series B raise for Dutch start-up Eye Security
The start-up now plans to expand across Europe with a focus on the EU’s incoming NIS2 directive.
