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Call for Demos at RegTech Rising 1 & 2 November 2017 London. RegTech Rising is the first large scale event in Europe dedicated to RegTech. We’re bringing together the entire ecosystem – regulators; financial institutions; RegTech providers; industry advisers – to debate how to collaborate in order to accelerate innovation and capture the RegTech opportunity. Read more…
To prepare for our expanded FinovateFall conference on September 11 through 14, we’re taking a look at each of the six summit discussions that will take place on days three and four of the conference. Today, we’re previewing trends in regtech and insurtech. Summit #4: Regtech and Insurtech Regtech and insurtech have benefitted from the same technology innovations Read more…
Highlighting the fact that regulation is a key barrier to growth for banks, a post at the Trulioo blog earlier this month underscored how important it was for FIs to leverage technology to meet these challenges. “To help grow their role and create effective change, compliance needs to embrace the process and tools of change, innovation, Read more…
Trulioo’s GlobalGateway just added a layer of biometric authentication to its identity verification tool. Through a partnership with Mitek, the company will compare a photo of the user’s ID document with their selfie to ensure they are who they say they are. GlobalGateway offers a single API to help financial services companies comply with AML and Read more…
Call it them the Finovate Fifth. Nearly 20 of the companies highlighted in Planet Compliance’s new RegTech Top 100 Power list – and five of the top ten – are Finovate and/or FinDEVr alums. To measure “power”, Planet Compliance used an algorithm that measured a company’s activity in the media, as well as online and Read more…
by Husayn Kassai, CEO and Co-Founder of Onfido Background Checks. First published on FinTech Futures. Robo advisers are democratizing access to financial services by offering expert financial advice, and with it RegTech is growing. We have seen this trend start in the US, and spread to the rest of the world. With Wealthfront and Betterment already household Read more…
by Lisa Moyle, Brand Strategy Director, Fintech Futures. First published on FinTech Futures. There was an interesting discussion at the recent Finance Disrupted event in London, organised by The Economist, that highlighted the opportunity for regtech to support financial inclusion. Jo Hill, director of market intelligence, data and analysis/strategy and competition (whew…) at the Financial Conduct Authority Read more…
Regtech may be hot in the U.K. But the flame of regtech innovation is burning brightly in the U.S., as well. FundAmerica, builder of compliance solutions for crowdfunding platforms, rolled out a series of “new tools and upgrades” this month. “Technology (and our engineers) never sleeps,” FundAmerica CEO Scott Purcell announced in an email to subscribers. Read more…
Here’s more proof that regtech is coming of age– Switzerland-based Qumram closed on $1.5 million in funding today. This brings the company’s total funding to $6.2 million. Today’s funds come from Madrid-based Mundi Ventures, a technology-focused VC firm that also operates in Barcelona, London, and Seattle. In addition to the funding, Mundi will provide due Read more…
Hat, courtesy of Alloy, a customer-onboarding specialist that debuted at FinDEVr in October. The dream of RegTech is alive at Finovate Deloitte recently asked what we should make of regtech in a new report titled, “RegTech is the new FinTech: How agile regulatory technology is helping firms better understand and manage their risks.” To the Read more…
The last couple of weeks have been full of merger and acquisitions. Will fintech continue its M&A streak this week? Stay tuned to find out. We’ll be adding the latest fintech news throughout the week as the space evolves. Payments & cards Tencent partners with Visa to bring palm payment to Singapore. UBS pilots new Read more…
FedNow, the U.S. Federal Reserve’s instant payment service went live in July of 2023. Now, 15 months later, adoption rates have been unpredictably slow, especially when it comes to banks that are able to send FedNow payments. Before considering the challenges behind sending and receiving FedNow payments, here’s a look at some of the data Read more…