Tag: automation

Evaluating the business line of potential clients is a key part of Know Your Customer (KYC) procedures in commercial relationships. However, analysts often spend substantial time utilising search engines and other manual processes to establish a client's Line of Business. This allows them to assess the risk involved in onboarding records or transactions.

Scrut Automation, a governance, risk and compliance automation platform, has netted $7.5m in a new round of funding.

BoostSecurity, a developer-first DevSecOps automation platform, has secured $12m for its seed round, as it emerges from stealth.

Continuous compliance automation software platform RegScale has closed its Series A round on $20m.

Automated machine identity management platform AppViewX has secured $20m in its Series B round.

No-code security automation company for SMEs ContraForce has raised $2m from a seed funding round.

While banks have traditionally had a large workforce to complete the manual processes required for know your customer (KYC) and onboarding processes, embracing automation and modern technology is the way ahead. But where does that leave the future of RegTech?

The current way banks are handling money laundering alerts is not sustainable. If they do not want to continue rapidly expanding compliance teams each...

Belgian IT company IntellectEU has introduced VELMA – an AI platform that allows financial advisors to offer ‘hyper-personalisation’ in the wealth management sector.

US cybersecurity business Bryter has snared $66m following a successful Series B round led by Tiger Global.