Tag: Risk Management
FCA Fines Metro Bank £16.7M Over Inadequate Financial Crime Controls
The Financial Conduct Authority (FCA) has imposed a £16.7 million fine on Metro Bank due to failures in...
Socure inks $136m deal to acquire AI-powered risk decisioning platform Effectiv
Deal Overview: Socure, a US digital identity verification and fraud prevention platform, will acquire San Francisco-based risk decisioning...
FE fundinfo buys out investment research platform AdviserAsset
FE fundinfo has acquired AdviserAsset, a due diligence and product selection tool, for an undisclosed sum.
AdviserAsset, founded...
ABN Amro goes live with CBA’s IBAS TDD software and nCino’s cloud banking platform
ABN Amro has implemented new technology from nCino and Commercial Banking Applications AS (CBA) to accelerate its digital...
Singapore’s Valverde taps Broadridge for investment management solution
Valverde Investment Partners, a new Singapore-based investment firm focused on ASEAN equities, has partnered with Broadridge Financial Solutions...
Chaos Labs lands $55 million Series A led by Haun Ventures
Funding Secured: Chaos Labs, a blockchain risk management platform, has raised $55 million in a Series A funding...
Caribbean-based Proven Bank taps Ireland’s Fenergo for transaction monitoring solution
Proven Bank Partners with Fenergo to Enhance AML Compliance
Key Points:Partnership Overview:Caribbean-based Proven Bank has partnered with Irish...
Coinbase’s CB Payments unit fined £3.5m by FCA
FCA Fines Coinbase’s CB Payments Ltd (CBPL)
Key Points:Fine Imposed:Amount: £3,503,546 million.
Reason: Alleged breaches of a requirement...
US Federal Reserve fines digital bank Green Dot $44 million over “unfair and deceptive practices”
Key Points:Reason for Fine:Unfair and Deceptive Practices: Violations in marketing, selling, and servicing of prepaid debit card...
Robinhood buys AI-powered investment research platform Pluto Capital
Robinhood Acquires Pluto Capital: Key PointsAcquisition Details:Robinhood acquires investment research platform Pluto Capital for an undisclosed sum.
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New start-up Fideo Intelligence launches offering data-driven fraud-fighting solutions
Fideo Intelligence Launches in the Market: Key PointsCompany Launch:Fraud intelligence start-up Fideo launched in Denver, US.
Aims...
AYA Bank taps SmartStream for transaction lifecycle management solution
Partnership Overview: AYA Bank, the second-largest bank in Myanmar, selects SmartStream's digital payments platform for transaction lifecycle management...