Regulatory technology

Bedrock Capital Leads $5.4m Series A in Anti-money Laundering Startup First AML

Wednesday, September 16, 2020 - 12:00pm

Anti-money laundering tech startup First AML has raised US$5.4 million in a Series A funding round led by US-based Bedrock Capital, with support from existing investors Pushpay founder Chris Heaslip and Icehouse Ventures.

Key Points: 
  • Anti-money laundering tech startup First AML has raised US$5.4 million in a Series A funding round led by US-based Bedrock Capital, with support from existing investors Pushpay founder Chris Heaslip and Icehouse Ventures.
  • First AMLs regulatory technology (regtech) platform streamlines anti-money laundering (AML) compliance for the likes of financial service providers, law firms, real estate agencies and accountants.
  • Managing Partner Geoff Lewis, who spent five years at Silicon Valley-based Founders Fund before establishing Bedrock two years ago.
  • Commenting on the investment Lewis said: Bedrock is delighted to lead one of the largest Series A financing rounds in New Zealand for First AML, says Mr Lewis.

VP Bank Selects AxiomSL to Meet Multi-Jurisdictional Risk and Regulatory Reporting Requirements

Wednesday, September 16, 2020 - 9:00am

VP Bank will use the platform strategically to further data harmonization, streamline processes, enhance automation, bolster internal controls, and strengthen risk and regulatory reporting across the enterprise.

Key Points: 
  • VP Bank will use the platform strategically to further data harmonization, streamline processes, enhance automation, bolster internal controls, and strengthen risk and regulatory reporting across the enterprise.
  • "Selecting AxiomSL will enhance the value of our investment in regulatory technology, optimize efficiency, and deliver business insights," stated Robert Kilga, Head of Group Financial Management & Reporting, VP Bank.
  • "AxiomSL's system provides intuitive, hands-on transparency into all processes from inception to filing, enhancingour confidence in the data integrity and auditability of our reporting, and enabling us to meet ever-changing regulatory requirements."
  • In addition, AxiomSL's regulatory experts provide VP Bank with a highly efficient change-management mechanism that enables them to be current with all Basel-driven changes.

VP Bank Selects AxiomSL to Meet Multi-Jurisdictional Risk and Regulatory Reporting Requirements

Wednesday, September 16, 2020 - 9:00am

VP Bank will use the platform strategically to further data harmonization, streamline processes, enhance automation, bolster internal controls, and strengthen risk and regulatory reporting across the enterprise.

Key Points: 
  • VP Bank will use the platform strategically to further data harmonization, streamline processes, enhance automation, bolster internal controls, and strengthen risk and regulatory reporting across the enterprise.
  • "Selecting AxiomSL will enhance the value of our investment in regulatory technology, optimize efficiency, and deliver business insights," stated Robert Kilga, Head of Group Financial Management & Reporting, VP Bank.
  • "AxiomSL's system provides intuitive, hands-on transparency into all processes from inception to filing, enhancingour confidence in the data integrity and auditability of our reporting, and enabling us to meet ever-changing regulatory requirements."
  • In addition, AxiomSL's regulatory experts provide VP Bank with a highly efficient change-management mechanism that enables them to be current with all Basel-driven changes.

BIGG Digital Assets Inc. Subsidiary Blockchain Intelligence Group Launches Ripple (XRP) and Stellar (XLM) on the BitRank Verified® Risk Scoring Service

Tuesday, September 15, 2020 - 5:58pm

About BIGG Digital Assets Inc.

Key Points: 
  • About BIGG Digital Assets Inc.
    BIGG Digital Assets Inc. (BIGG) believes the future of crypto is a safe, compliant, and regulated environment.
  • BIGG owns two operating companies: Blockchain Intelligence Group (blockchaingroup.io) and Netcoins (netcoins.ca).
  • Our commercial product, BitRank Verified, offers a risk score for cryptocurrencies, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements.
  • Additionally, BIGG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

BnkToTheFuture makes a strategic investment in Blockpass

Tuesday, September 15, 2020 - 3:00am

BnkToTheFuture, a pioneering global online investment platform which has facilitated the investment of hundreds of millions of dollars in FinTech and Crypto companies, is investing in Blockpass as a lead investor.

Key Points: 
  • BnkToTheFuture, a pioneering global online investment platform which has facilitated the investment of hundreds of millions of dollars in FinTech and Crypto companies, is investing in Blockpass as a lead investor.
  • BnkToTheFuture will also be integrating Blockpass' KYC Connect solution into its ecosystem to enable fast, simple and efficient KYC and AML services.
  • A global online investment platform that allows qualifying investors to invest in financial innovation including FinTech companies, funds and other new alternative financial products, BnkToTheFuture was established in 2010.
  • Blockpass' efficient compliance services and BnkToTheFuture's investment opportunities represent a new way forward for people and businesses in a technologically developed world.

Global innovators invited to participate in Taiwan's Inaugural RegTech Challenge

Friday, September 11, 2020 - 9:37am

This public-private-partnership, executed by TDCC and FinTechSpace, is supported by over 20 financial institutes across all financial sectors.

Key Points: 
  • This public-private-partnership, executed by TDCC and FinTechSpace, is supported by over 20 financial institutes across all financial sectors.
  • TRC 2020 calls for local and international solutions for accelerating the implementation of RegTech in industries.
  • TRC 2020 opens up a common platform for solution providers to meet and consult with Taiwan regulators and matching with financial institutes.
  • Starting today until October 16th, challenge rounds include the Preliminary, the Semi-final and the Final, which will be hosted on January 28 and 29, 2021.

Compliance Solutions Strategies Acquires AMFINE

Thursday, September 10, 2020 - 1:00pm

NEW YORK, Sept. 10, 2020 /PRNewswire/ --Compliance Solutions Strategies ("CSS"), a leading RegTech platform providing technology-driven solutions which enable financial services firms to meet mandatory regulatory compliance requirements, today announced the acquisition of AMFINE ("AMFINE"), a provider of SaaS-based regulatory reporting services to European asset managers, asset servicers and insurers.

Key Points: 
  • NEW YORK, Sept. 10, 2020 /PRNewswire/ --Compliance Solutions Strategies ("CSS"), a leading RegTech platform providing technology-driven solutions which enable financial services firms to meet mandatory regulatory compliance requirements, today announced the acquisition of AMFINE ("AMFINE"), a provider of SaaS-based regulatory reporting services to European asset managers, asset servicers and insurers.
  • The combination with AMFINE reinforces CSS's position as a leading RegTech solutions provider to the investment management market with a comprehensive global offering across fund reporting, transaction reporting, investment monitoring and compliance management.
  • Our solutions and services help firms meet regulatory deadlines while optimizing compliance data, operations and technology.
  • CSS covers a full range of global compliance disciplines spanning fund reporting, transaction reporting, investment monitoring, compliance management, compliance services and managed services with a complementary, centralized approach to the strategic management of regulatory data called RBOR (Regulatory Book of Record).

The Maples Group selects AQMetrics cloud-based technology platform regulatory reporting

Thursday, September 10, 2020 - 10:50am

DUBLIN, Sept. 10, 2020 /PRNewswire/ --The Maples Group has adopted AQMetrics regulatory reporting platform to perform data aggregation, risk calculations and ongoing UCITS investment breach risk monitoring and reporting.

Key Points: 
  • DUBLIN, Sept. 10, 2020 /PRNewswire/ --The Maples Group has adopted AQMetrics regulatory reporting platform to perform data aggregation, risk calculations and ongoing UCITS investment breach risk monitoring and reporting.
  • In addition, the Maples Group has implemented the AQMetrics AIFMD, Form PF and CPO PQR reporting modules that form part of the AQMetrics risk and regulatory reporting platform.
  • The AQMetrics platform will supplement the Maples Group's existing technology solutions and extensive regulatory reporting expertise and in doing so will fulfil their UCITS investment breach monitoring alongside AIFMD, Form PF and CPO PQR regulatory reporting in one single cloud-based platform.
  • AQMetrics, is a leading global platform for risk and regulatory solutions and has most recently won the "Best RegTech Solution" category at the 2020 HFM European Services Technology Awards.

The Maples Group selects AQMetrics cloud-based technology platform regulatory reporting

Thursday, September 10, 2020 - 10:51am

DUBLIN, Sept. 10, 2020 /PRNewswire/ --The Maples Group has adopted AQMetrics regulatory reporting platform to perform data aggregation, risk calculations and ongoing UCITS investment breach risk monitoring and reporting.

Key Points: 
  • DUBLIN, Sept. 10, 2020 /PRNewswire/ --The Maples Group has adopted AQMetrics regulatory reporting platform to perform data aggregation, risk calculations and ongoing UCITS investment breach risk monitoring and reporting.
  • In addition, the Maples Group has implemented the AQMetrics AIFMD, Form PF and CPO PQR reporting modules that form part of the AQMetrics risk and regulatory reporting platform.
  • The AQMetrics platform will supplement the Maples Group's existing technology solutions and extensive regulatory reporting expertise and in doing so will fulfil their UCITS investment breach monitoring alongside AIFMD, Form PF and CPO PQR regulatory reporting in one single cloud-based platform.
  • AQMetrics, is a leading global platform for risk and regulatory solutions and has most recently won the "Best RegTech Solution" category at the 2020 HFM European Services Technology Awards.

RegTech opportunity to boost Australia and UK trade relations

Thursday, September 10, 2020 - 8:08am

LONDON, Sept. 10, 2020 /PRNewswire/ -- Recent research shows that the RegTech (regulatory technology) sector is a huge opportunity to strengthen trade ties between the UK and Australia.

Key Points: 
  • LONDON, Sept. 10, 2020 /PRNewswire/ -- Recent research shows that the RegTech (regulatory technology) sector is a huge opportunity to strengthen trade ties between the UK and Australia.
  • As one of the biggest financial centres in the world, London is an international hub for RegTech firms.
  • Some key findings from the report include:
    The majority of RegTech products in both markets fall into the Financial Crime category, with 27.7% in the UK and 30.4% in Australia respectively
    The UK RegTech market is more mature than Australia.
  • With free trade agreement talks between the UK and Australia proceeding well, and in light of Brexit, opportunities to further strengthen trade ties between the two countries are welcomed and the RegTech industry is set to be a big part of that.