Regtech
Advance Intelligence Group Acquires eKYB Firm Jewel Paymentech
Advance Intelligence Group, a Singapore-based AI-driven technology company, announced its acquisition of Jewel Paymentech which specialises in merchant due diligence, fraud and risk management solutions for the financial services and payments industry. Details of the deals was not disclosed. The
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FlexM’s Mehek Weldon Wins Innovator of The Year from International Compliance Association
Fintech is an increasingly popular industry which is evolving and changing everyday and it is because of this dynamism that the regulatory and compliance structure of fintech has gained paramount importance. FlexM, an award-winning Fintech-as-a-Service (FaaS) solutions provider through B2B
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Banks in APAC Are Increasingly Turning to Regtech to Tackle Compliance Challenges
In Asia-Pacific (APAC), an increasingly complex regulatory environment, changing customer behaviors and the shift to digital channels brought about COVID-19 have introduced new regulatory challenges to banks, forcing the industry to embrace technology to find more efficient ways to
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APAC Regulators Accelerate Fintech Regulatory Efforts Amid Rapid Digitalisation
In Asia Pacific (APAC), regulators have been redrawing the regulatory perimeter to take account of new products and services emerging as a result of fintech innovation and emerging technologies. But with COVID-19 accelerating the adoption of digital financial services, financial
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Thunes Snaps up Majority Stake in Regtech Firm Tookitaki for US$20 Million
Global cross-border payments firm Thunes announced that it has taken a majority stake in the anti-money laundering (AML) and compliance technology firm, Tookitaki, by making an investment of over US$20 million. Thunes made this move in the wake of rising
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New Wealth Partners With Apiax for Real-Time Cross-Border Compliance Checks
New Wealth, a Singaporean B2B wealthtech company, announced that it has tied up with Switzerland’s regtech firm Apiax to embed actionable compliance knowledge into its software to ensure relationship managers are compliant at all times. This collaboration will help banks
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Silent Eight Secures US$40 Million in Series B Funding Round
Silent Eight, a Singaporean regtech startup leveraging artificial intelligence (AI), announced the closing of a US$40 million Series B funding round, bringing its total funds raised to US$55 million. This round brings the firm’s total valuation to four times its
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Walking the Tightrope Between Legal Compliance and User Experience in the Financial Sector
The digital revolution has upended the business practices of countless companies operating in almost every industry imaginable – but perhaps none have been quite as affected as the financial sector. With data security and cyber crime such high priorities for
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Here Are the Key Findings From OneSpan’s Global Financial Regulations Report
OneSpan recently released its second annual Global Financial Regulations Report, that outlines major developments in the regulatory landscape. In conjunction with comprehensive research into how the changing regulatory landscape is impacting the banking community, this year’s report also reveals how
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4 Must-Haves to Build an Effective Online Fraud Prevention and Detection Strategy
Financial crime has increased in recent years and is constantly evolving. With total combined fraud losses reaching a record high of $56 billion in 2020, financial organisations around the world are facing a growing challenge from fraudsters who are becoming
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