London leads RegTech growth as global investment soars
Regulation is a space with a clear need for innovative new approaches to problems the very largest of financial institutions have grappled with for a long time. Read more: www.fintechroundup.com
How FinTech could revolutionise Compliance
Compliance in financial services could be revolutionised by financial technology and make the processes more efficient for firms and regulators. Read more: blogs.wsj.com
Blockhain could regulate Russia’s national payment system
Russia’s AFI released a “roadmap” for improving the regulation of the National Payment System that includes using blockchain technology. Read more: www.cryptocoinsnews.com
Chinese banks want to use blockchain to combat fraud
Chinese banks are hiring blockchain experts as the government pushes use of the technology behind bitcoin to increase transparency and combat fraud. Read more: fortune.com
The AML conundrum solved?
Blockchain could be the transformative technology that solves the AML (anti-money-laundering) conundrum. Read more: banknxt.com
BNP Paribus takes stake in RegTech startup Fortia
BNP Paribus Securities Services has invested in compliance startup Fortia giving the BNP Paribus subsidy a minority stake in the business. Read more: www.fintechroundup.com
Risk, governance, and compliance is all about visibility
Technology has changed how risk is viewed and more importantly, how risk is amplified. Read more: gigaom.com
PayPal receives subpoenas over anti-money-laundering compliance
PayPal said Wednesday it had received subpoenas from the US Justice Department over its anti-money-laundering compliance program. Read more: www.wsj.com
RegTech: the whole is greater than the sum
Regulation does not exist in a vacuum, and neither does technology: both evolve organically in a geo-political and economic context. Read more: www.finextra.com
Convercent swipes $10m for corporate compliance software
Denver-based regtech startup Convercent has raised a fresh $10m in funding. The new round attracted Sapphire Ventures and Tola Capital Fund. Read more: www.fintechroundup.com