RegTech Insight Financial Crime, KYC & AML The latest content from across the platform
Global Screening Services Raises $47 Million, Moves into Operational Phase
Global Screening Services (GSS), a provider of transaction screening, has completed a Series A2 funding round raising over $47 million (£37 million). The investment will support the London-based company’s transition from a development to operational phase as its cloud-native platform prepares to go live with inaugural clients. Originally incubated by AlixPartners, GSS tackles the complexity…
SmartSearch Sets Growth Plans Following Investment from Triple Private Equity
SmartSearch, a UK provider of digital compliance and anti-money laundering (AML) software, has received a large investment from Triple Private Equity. The private equity firm will gain a majority share in SmartSearch and work with the company to support its core markets and continued expansion following the release of its latest technology platform last year….
Best Practice Approaches to Trade Surveillance for Market Abuse
In 2023, Openmarkets Australia was fined the largest ever penalty imposed by the?Australian Securities and Investments Commission (ASIC) of $4.5 million. Among other observations, the regulators noted that Openmarkets had not appropriately calibrated its post-trade surveillance system and that this resulted in an unmanageable volume of alerts, most of which were not reviewed. “This outcome…
A-Team Group Announces Winners of RegTech Insight Awards APAC 2024
A-Team Group has announced the winners of its RegTech Insight Awards APAC 2024. The awards are designed to recognise excellence in RegTech solutions and services, and focus on vendors providing exceptional offerings to capital markets participants in APAC. The winners of the awards were announced on 6 March 2024. This year’s RegTech Insight Awards APAC…
Recorded Webinar: Best practice approaches to trade surveillance for market abuse
Breaches of market abuse regulation can lead to reputational damage, eye-watering fines and, ultimately, custodial sentences of up to 10 years. Internally, market abuse triggers scrutiny of traders and trading behaviours; externally it can undermine confidence in markets and cause financial instability. This webinar will discuss market abuse of different types, such as insider trading…
Themis Adds AI Chatbot to Financial Crime Platform
Themis has released an AI-powered chatbot integration for its financial crime platform. The chatbot is designed to provide instant assistance, speedy responses, personalised support and connections to experts. The 24/7 availability allows customers to receive assistance at any moment regardless of time zones or business hours, while instant responses supported by the inclusion of natural…
HSBC Extends Partnership with Silent Eight to Include AI-based Transaction Screening Solutions
HSBC has expanded its partnership with Silent Eight, a RegTech firm that partners financial institutions to fight financial crime, with the implementation of the company’s Automated Alert Closure for Transactions, a solution that automates investigation and resolution of alerts in real time. The company already provides HSBC with name screening and adverse media automation solutions….
Napier AI Plans Growth Following £45 Million Investment from Crestline Investors
Napier AI, a London-based financial crime compliance RegTech, has received a £45 million investment from US-based institutional alternative asset manager Crestline Investors. The investment will be used to accelerate Napier AI’s business expansion in coming years and enable the company to continue developing and providing financial institutions with next-generation screening and monitoring solutions powered by…
Saifr Acquisition of Giant Oak Solution Adds Adverse Media Screening and Monitoring
Saifr, a Fidelity Investments company, plans to extend its RegTech capabilities with the acquisition of GOST, an AI platform developed by Giant Oak to deliver adverse media screening and monitoring. The addition is expected to provide financial institutions with broader functionality across regulatory intelligence, due diligence, risk management analytics and continuous monitoring, and help them…
Commonwealth Bank of Australia Approved as LEI Validation Agent
The Commonwealth Bank of Australia (CBA) has become a Validation Agent in the Global Legal Entity Identifier System (GLEIS). It is the first agent in Australia and the second announced this month following the appointment of MNS Credit Management Group in Delhi, India. CBA’s approval as a Validation Agent comes ahead of a regulation update…