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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…
Regtech innovator Lucinity is starting to draw attention. The company, headquartered in Reykjavik, Iceland, made its Finovate debut last year at FinovateSpring in San Francisco. At the conference, Lucinity demonstrated its AI-enabled copilot, Luci, which enhances financial crime compliance via insight generation, report writing, and automation. The solution uses GenAI to streamline tasks for compliance Read more…
As part of the Eastern U.S. prepares to enjoy the total solar eclipse today, fintech enthusiasts can also eclipse the competition with the latest news and updates in the fintech world. Check back for real-time updates on how the fintech landscape evolves this week. Payments Business payments and financial platform Airwallex launches its Borderless Visa Read more…
The first week of April begins with a resolution in the Sam Bankman-Fried saga as the former FTX founder and infamous crypto entrepreneur receives a sentence of 25 years in prison. Crypto Sam Bankman-Fried sentenced to 25 years in prison for its role in the FTX scandal. Web3 payment solution provider Alchemy Pay announces investment Read more…
This week marks both the one-year anniversary of Silicon Valley Bank’s collapse and St. Patrick’s Day. Let’s see if this week’s news projects a luckier year for fintechs. Check back for real-time updates on how the fintech landscape evolves this week. Payments Ryft announces new digital payments partnership with American Express. Visa and Western Union Read more…
FinovateSpring 2024 takes place at the Marriott Marquis San Francisco on May 21 through 23, 2024. More than 60 innovative companies will take the stage this May, with just seven minutes to show their latest tech to the audience. The rules: No slides, no canned video. There’s no better way to quickly see the most exciting Read more…
The week begins with big news on the payment cards front as Capital One announces plans to acquire Discover Financial Services in an all-stock deal valued at $35 billion. Check out what else is going on in fintech and financial services in our latest fintech weekly news rundown! Embedded finance German embedded finance platform Monite Read more…