RegTech

Sonovate strengthens onboarding process with RegTech platform from TruNarrative

Cardiff-based fintech Sonovate has invested in the cutting-edge platform from RegTech firm TruNarrative, to enhance its customer onboarding processes. Sonovate helps businesses working with temporary workers, including recruitment agencies, consultancies and on-demand marketplaces, to grow through smart, fast and flexible finance. Businesses using Sonovate can access finance when they need it and can rest assured knowing all their back office is... more Read more »

Konsentus and Openitio collaborate to streamline PSD2 implementation

PSD2 technology platform and interface provider, Openitio, partners with identity and regulatory checking solution provider Konsentus to offer Financial Institutions a quick and easy way to comply with PSD2 MCI publishing requirements, and the imminent March 14 deadline in UK. London headquartered Openitio delivers ready to install PSD2 interface technology as required under the PSD2 regulation. Their Modified Customer Interface (MCI) can be... more Read more »

Waymark Tech and Governor Software Announce Global Financial Regulatory Content Agreement

Governor Software Ltd, an innovative governance and oversight solution provider, today announced it has become a global reseller of Waymark Tech’s, global financial regulatory content, including current regulations, regulatory news and regulatory change. This agreement launches Governor Software’s Governor Reg, regulatory compliance solution onto the world stage, as Governor Reg can now support compliance teams across all financial regulations... more Read more »

SteelEye raises $10 million

SteelEye, the compliance technology and data analytics firm, has raised $10m in Series A funding in a round led by the FinTech Strategic Investments team at Eight Roads, the proprietary investment firm backed by Fidelity, alongside existing investor Illuminate Financial. This takes the total amount raised by SteelEye to $20m to date. Read more »

Ingenious Invests in Leading Supplier of Terahertz Technology Systems

Ingenious today announces that its Infrastructure Ventures EIS Service has invested as part of a $6m A-series investment round in TeraView, the pioneer and leader in terahertz technology and solutions.   The investment is designed to ensure that TeraView retains its leadership in the growing terahertz market and continues to provide a high level of support to each of its customers across the world while also accelerating product & technology... more Read more »

Mercury FX boosts financial crime management capabilities with TruNarrative platform investment

London-headquartered global currency specialist Mercury FX has invested in cutting-edge platform from RegTech firm TruNarrative, to enhance its customer onboarding processes, regulatory compliance and financial crime prevention strategy. As a regulated firm, Mercury FX is required to perform a multitude of Know Your Customer (KYC) checks on companies and individuals they work with. Being a global business, Mercury must be able to onboard and... more Read more »

FCA Probes Sterling Spike Ahead of UK Interest Rate Decision

The Bank of England has referred to the UK markets watchdog a spike in sterling that happened just seconds before the central bank announced that it would leave its key interest rate unchanged. The Financial Conduct Authority, whose job it is to detect market abuse, is now scrutinising the matter, according to both the central bank and the watchdog. Read more »

RegTech Leader AxiomSL Establishes Business Operations Centre in Limerick, Ireland

AxiomSL, the industry’s leading provider of regulatory reporting and risk management solutions, today announces the opening of a business operations centre in Limerick, Ireland, creating as many as 100 jobs over the next five years. The office will be located in the National Technology Park in Plassey. Read more »

Konsentus solution supports checking of Open Banking Implementation Entity (OBIE) issued certificates

Konsentus today confirms that its Third-Party Provider (TPP) identity and regulatory checking solution can verify and validate the identity of TPPs who have been issued with Open Banking Implementation Entity (OBIE) Directory issued certificates, as well as those who have been issued with eIDAS certificates by Qualified Trust Service Providers (QTSP) in accordance with PSD2. Read more »

Goldman Sachs Enlists Startup for Quantum Computing Push

Wall Street giant Goldman Sachs is teaming up with Silicon Valley startup QC Ware to investigate the use of quantum algorithms in finance. As the promise of quantum computing inches nearer, Goldman has been working with QC Ware to explore how the technology will eventually outperform classical computers for finance applications. Goldman and QC Ware are investigating whether quantum computing can be used with the Monte Carlo algorithm, which is... more Read more »

Shield Awarded Coveted Data Management Insight Awards 2019 - 'Best Data Visualisation Provider'

Specialist Regtech provider Shield is proud to announce it has been awarded 'Best Data Visualisation Provider' in the A-Team Insight  Read more »

New FCA Regulations Will Boost RegTech Market in UK

The Senior Managers & Certification Regime that comes into effect today is a positive step for the financial services industry – but its failure to include Appointed Representative Firms (ARFs) and their individuals is an oversight, according to Sturgeon Ventures, the regulatory incubator. SM&CR is principally about changing the way financial services businesses operate. Read more »

Consumer Financial Protection Bureau Issues Notice Of Proposed Rulemaking On Remittance Rule

The Consumer Financial Protection Bureau (Bureau) issued today a Notice of Proposed Rulemaking (NPRM) relating to the Remittance Rule (Rule). The Rule generally requires companies that provide remittance transfers in the normal course of business disclose to consumers certain fees and the exchange rates that apply to transfers. The Rule also includes an exception that allows certain banks and credit unions to estimate certain fee and exchange... more Read more »

VoxSmart Acquires Fonetic Trading Business to Build Comprehensive Communications Surveillance Platform for Capital Markets

VoxSmart, the global leader in mobile surveillance technology, has announced its acquisition of the Fonetic Trading business to deliver a comprehensive communications surveillance offering for Capital Markets participants. Read more »

Napier Recognised in the Regtech 100 List for 2020

London-based Regtech firm Napier, specialists in AI for compliance and AML, announced today that it has been recognised in the 2020 edition of the annual RegTech 100 list of the world’s most innovative RegTech companies. The RegTech 100 list acknowledges companies for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the compliance function. Read more »

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