Tag: RegTech

As part of its continuous efforts to enhance data orchestration within Know Your Customer (KYC) parameters, KYC Portal is launching a new feature designed to provide increased flexibility in the integration with third-party data sources.

Theta Lake recently took the opportunity to explain to its readers and customers more about digital communications governance and its role in it. 

Moody's Analytics recently took the opportunity to explain how screening for politically exposed persons can strengthen KYC processes. 

Artificial intelligence (AI) has captured people’s imagination for decades. Sci-fi movies have often placed technology at their center, depicting both potential utopias and dystopias of human life. In recent years, remarkable strides in AI have brought us closer than ever to a future where it seamlessly integrates into our daily lives. Yet, we are merely scratching the surface of what lies ahead.

eflow Global, a UK-based RegTech scaleup, has successfully secured a hefty £7m in a Series A funding round.

Adverse media screening has become an integral component in the finance industry, especially in relation to Anti-Money Laundering (AML) compliance. RegTech company Alessa recently delved into why financial institutions should care about adverse media screening. 

Data Safeguard, an industry-leading provider of AI-enhanced data privacy solutions, has recently celebrated the completion of a successful seed funding round.

The escalating complexity and volume of financial regulations have escalated the resource demand for regulatory reporting. Banks, insurance firms, and capital market companies are under immense pressure to maintain impeccable data and reporting functions. These functions are not just critical to evade compliance issues, but also for the optimisation of processes to prevent further strains on the operational budget.

In an era of growing operational costs, it has become a pressing necessity for banks to embrace efficient Know Your Customer (KYC) practices. The global spend on regulatory technology (RegTech) is predicted to ascend to $207bn by 2028, a forecast that urges banks to channel their investment into automating their manual KYC processes.

In a recent post by Flagright, the company outlined the importance of securing customer data in the financial sector.