Cambodia’s Sathapana Bank taps Finbots.ai for enhanced credit risk management
CreditX will enable Sathapana Bank to build “high quality” credit risk scorecards and accelerate client onboarding.
Risk Management
Akuvo inks partnerships with seven credit unions in the US
Together, these credit unions serve 747,388 members and represent $20 billion in assets.
ICYMI fintech funding round-up: Ballerine, Trébol & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Payment orchestration platform Paydock raises £25m Series A
Paydock claims its platform “substantially” reduces costs, risks and efforts in a merchant’s payment experience.
Swedish paytech Trustly strengthens risk management with new hires
Anna Bjurefeldt joins Trustly as head of internal audit and Mia Bjurkell as director of risk and compliance.
Intapp acquires employee compliance software firm Paragon Data Labs
Intapp says the acquisition will augment its risk management and compliance offering.
NewDay partners ClearScore’s D One for open banking credit assessments
D One’s approach opens credit to those with limited credit histories and supports responsible lending.
Bank of Valletta taps Resistant AI for fraud prevention solution
The bank will adopt Resistant AI’s Transaction Forensics solution to help detect suspicious transactions.
Swissquote taps NetGuardians for fraud prevention tech
The bank will utilise NetGuardians’ financial crime solutions to tackle growing issues such as APP fraud.
Axoni raises $20m in equity funding round led by EJF Ventures
The funding will be used to advance Axoni’s technology and support its global expansion plans.
UK regtech Facctum appoints two senior executives
Onkar Inamdar joins as head of engineering and Syam Chintapenta as chief development officer.
Jack Henry signs three new US clients for its core banking tech
Michigan’s First Community Bank, Florida’s Sunrise Bank, and Arkansas’ Today’s Bank have selected Jack Henry’s tech.
EU crypto “travel” regulations pass European Parliament vote
MiCA will ensure crypto transfers can be traced and suspicious transactions blocked.
Leek Building Society taps Jade ThirdEye to enhance AML and CTF controls
Leek Building Society will use Jade ThirdEye’s Customer Screening and Transaction Monitoring SaaS solution.
Former CIO of TSB Bank fined £81k by PRA over 2018 IT disruption
The PRA says Carlos Abarca breached its senior manager conduct rules.
FinTech Futures Jobs: Five of the best fintech career paths, and what you can earn
Explore thousands of open roles on the FinTech Futures Job Board today.
Very Good Security names former Visa exec Chuck Yu as CEO
At Visa, Yu led teams across the business, including business development, sales, finance, and operations.
Webinar: How to power risk decisions faster than the competition
Hear from Allica Bank and tbi bank on mitigate risk, grow revenue, and improve the banking experience.
Chargeback Gurus appoints board member Tim Tynan as new CEO
Tynan has served on the firm’s board since August 2021 and has previously held roles at BofA and Citigroup.
BNP Paribas deploys Worldline solution to tackle SEPA direct debit fraud
BNP Paribas Cash Management will deploy Worldline’s Account Validation solution.
Quantexa raises $129m Series E funding at $1.8bn valuation
The company will use the new capital to expand its global presence and hire more engineering staff.
Compliance regtech Fourthline secures €50m in fresh funding
Finch Capital increased its stake in the company after having led Fourthline’s previous funding round.
US fintech funding round-up: StellarFi, Stratyfy, Beam and more
A handy round-up of the recent funding endeavours of fintech companies across the US.
Fraud and risk detection start-up Oscilar launches from stealth
The start-up has been self-funded by its co-founders, with $20 million in capital.
Blockchain-based BaaS provider Scallop partners tell.money for open banking compliance
Scallop will utilise tell.money’s gateway service to ensure PSD2 open banking compliance.
Griffin hires new CFO and CRO to bolster leadership team
Chad Ryan joins as chief financial officer and Dora Grant as chief risk officer.
Case study: Powering corporate GSOCs with open-source intelligence
A Fortune 500 firm applies open-source intelligence capabilities in its global corporate security operations centre.
FCA outlines expectations for payment firms’ customer protections
It says many firms present “an unacceptable risk of harm” to their customers.
CryptoUK calls on FCA to oppose banks banning transfers to crypto exchanges
CryptoUK says banks limiting transactions to crypto platforms is “anti-competitive and disproportionate”.
Griffin partners Cable to strengthen BaaS financial crime controls
Cable says its tech will help Griffin “monitor, identify, and address financial crime control risks”.
UAE lendtech Ezra appoints new chief risk officer, Andrew Goodrich
Goodrich will lead the data engineering, predictive analytics, credit risk and fraud functions across Ezra.
Noda taps ThetaRay for Sonar AML solution
ThetaRay’s Sonar will help Noda stay up to date with shifting compliance regulations.
ComplyAdvantage names Jim Anning as chief data officer
Anning joins ComplyAdvantage from GoCardless where he was vice president of data.
US Federal Reserve sets up new specialist team to supervise crypto sector
The team will monitor the cryptosphere as regulators look to manage risk and promote innovation.
LSEG’s Giact to use Mastercard’s open banking tech for account verification
Through the partnership, Giact says it will be able to deploy Nacha-compliant account verification solutions.
US credit union Golden 1 taps AML RightSource to strengthen transaction monitoring
AML RightSource’s tech will automate Golden 1’s transaction monitoring investigations and reporting.
Equiniti unites trio of businesses under new lendtech brand, Lenvi
Lenvi is a combination of Equiniti’s EQ Credit Services, EQ Riskfactor, and EQ KYC Solutions.
German challenger N26 loses its chief risk officer
Thomas Grosse has quit the firm citing personal reasons. A successor has yet to be named.
Quantifind bags $23m in funding to help firms combat financial crime
Quantifind’s SaaS solutions help banks and financial institutions tackle money laundering and fraud.
Should digital banking platforms be fraud prevention solutions by design?
Banks should look to use technology to not only curb financial crime but to gain a competitive advantage.
