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Fresh off its FinovateEurope debut earlier this year, Paris-based fintech Dotfile has raised $6.7 million (€6 million) in funding. The round was led by Seaya Ventures, and featured participation from the firm’s existing investors Serena and Hexa. In a statement, the regtech innovator indicated that the funding will power its R&D efforts as well as Read more…
This week’s edition of Finovate Global highlights recent fintech headlines from Ireland. Dublin-based regtech Fenergo has inked a partnership with Caribbean-based PROVEN Bank. The financial institution will leverage Fenergo’s transaction monitoring solution to enhance and streamline its anti-money laundering (AML) compliance operations. PROVEN Bank Deputy Chief Executive Officer Nikita Kissoon underscored increasing regulatory pressure on Read more…
Romania’s first neobank, Salt Bank, has teamed up with financial crime compliance company Napier AI. Salt Bank will deploy Napier AI’s Transaction Screening solution to ensure that the hundreds of millions of transactions Salt Bank handles are safe from fraud risks. “We chose the Napier AI platform because it offered NextGen technology which enables us Read more…
Financial crime compliance company Napier AI announced a partnership with impact asset manager Finance in Motion this week. The partnership calls for Finance in Motion to deploy Napier AI Continuum as its anti-money laundering and counter terrorist financing (AML/CTF) platform. Additionally, Napier AI will include its Client Screening solution and Client Risk Assessment module as Read more…
Lithuania is one of those countries that punches above its weight in terms of fintech innovation. With a population of less than three million, the country boasts more than 260 fintech companies. It is the largest fintech hub in the EU when it comes to licensed companies. These fintechs, numbering nearly 150, represent the majority Read more…
Are regulators in financial services doing an effective job of protecting consumers while simultaneously fostering innovation? How can regtechs help banks better manage financial risk? Can a robust regulatory regime actually enhance the prospects for business growth? I sat down with Shabbir M. Husain, Director of Global Sanctions Compliance at Silicon Valley Bank, to discuss Read more…
In a round led by Pivot Investment Partners and UBS – via its venture and innovation unit UBS Next – U.S.-based regtech Droit has raised $23 million in Series B funding. The new capital takes the company’s total equity funding to $39 million, according to Crunchbase. Also participating in the financing was existing investor Goldman Read more…
How have customer expectations changed as financial services companies around the world rush to embrace digital transformation? How can technology be leveraged to provide more personalized financial solutions without violating privacy or adding unnecessary complexity? What is the role of digital identity technology in making the online and mobile worlds safer places for all of Read more…
Mambu, the cloud-based banking platform based in Germany, is partnering with U.K. business banking platform Tide to power the company’s revolving credit facilities and overdrafts for small businesses. “There is a need to be flexible, agile, and customer-centric in the design of financial products,” Managing Director of Mambu EMEA Eelco-Jan Boonstra explained. “Legacy technology constraints Read more…
News from regtech companies has been flowing in 2020. Not only that, we saw significantly more regtech companies at FinovateEurope earlier this year than we have at previous events. To get some insight into what’s driving this, we caught up with Apiax Co-founder Ralf Huber, who has over 16 years of legal and compliance experience Read more…
My first introduction to Dave Birch, Director of Innovation and Global Ambassador at Consult Hyperion, was via his book Identity is the New Money, and a conversation we had at a Finovate event a few years ago. He is as synonymous with the issue of digital identity as any fintech analyst; his book Before Babylon, Read more…
We close out 2019 with a deep dive into fraud prevention, cyber security and regtech, as well as getting unique insights from FinovateAsia and Middle East.