RegTech Insight RegTech Innovation (Machine Learning, AI & Blockchain) The latest content from across the platform

Pelican Expands in South Korea

Pelican, a global provider of AI-powered payments and financial crime compliance solutions for banks and corporates, has expanded its global sales reach through a partnership with CMSoft Co in South Korea. The new strategic partnership will enable the company to bring its PelicanSecure Trade Compliance solution to the financial services industry in South Korea. “We…

SteelEye Outlines International Expansion and Product Development Plans Following Series A funding of $10 Million

SteelEye will extend its presence in Europe, evolve its regulatory compliance and data analytics products, and expand its team after raising $10 million of Series A funding in a round led by Eight Roads, the proprietary investment firm backed by Fidelity, and including its existing investor Illuminate Financial. Looking two years out, the company is…

Encompass Receives £2m Grant for AI Project

RegTech Encompass has been awarded a £2 million grant from Scottish Enterprise to develop an AI engine to accompany its KYC product offering. The funding, part of a £4.9, project, will help customers to accurately find risk relevant information about their organisations and investments, from a wide-ranging pool of data. “We have a long-standing relationship…

ComplyAdvantage Boosts Growth Plans with New COO Hire

Financial crime compliance specialist ComplyAdvantage has appointed Vatsa Narasimha as Chief Operating Officer and Chief Financial Officer, as it continues to chart an aggressive growth strategy following last year’s successful $30 million Series B financing round (led by Index Ventures and Balderton Capital), a recent doubling of headcount, and new office openings in Singapore and…

SteelEye Partners with TeleMessage to Solve the Mobile Communications Conundrum

Recent regulations, including MiFID II, have introduced highly prescriptive rules about the recording, storage and access requirements of voice and electronic communications relating to financial dealings. With all relevant telephone conversations and electronic communications now required to be recorded – including those which take place on mobile phones – surveillance technology is not only a…

Are You Keeping Up With The Regulator?

By Dr Bimal Roy Bhanu, Group CEO at Ai XPRT. Not many things in life are certain, but in the financial services industry it’s obvious to all participants that regulators are continually tightening the national and international governance, risk and compliance requirements. The ultimate aim for firms in 2020 is to stay one step ahead…

Simplifying Compliance Tracking with User Behaviour Analytics

By James Wooster, COO, Glue42. Spending IT budget on compliance solutions is never satisfying. While the impact of fines is easy to measure, the uncertainty of the risk means that other business cases always look more attractive. The scope of MiFID II and CAT compliance has placed additional burdens on financial institutions as both require…