Month: May 2019

Explore the RegTech Revolution

Tax software provider Sovos completes two acquisitions

Global tax software provider Sovos has acquired e-invoicing solution Foriba and tax solution Eagle Technology Management (ETM). ETM delivers statutory financial reporting and insurance premium tax software to insurers and unclaimed property reporting solutions and services to financial institutions, corporations and insurers in the US. Following the close of the deal, ETMs technology stack will…
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31st May 2019 0

ThreatLocker to supply cybersecurity tools to ConnectWise under new deal

ConnectWise deploys business management technology to improve a range of business operations ranging from sales and services through to project tracking and back-office functions. With the integration of ThreatLocker, the clients that use managed IT service providers will be able to access new solutions such as application whitelisting, ringfencing and storage device control. ThreatLocker gives…
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30th May 2019 0

ClauseMatch closes $2.5m venture debt from Silicon Valley Bank

Document management company ClauseMatch has received $2.5m in venture debt funding from Silicon Valley Bank. This debt facility will be used to support ClauseMatch’s growth in Europe and Asia. The RegTech 100 company recently began operations in South East Asia, with Singapore as its base, and is already serving multiple companies in the region. To…
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29th May 2019 0

UK Government to set up cash strategy group

The UK Government is to set up a ‘Joint Authorities Cash Strategy Group’ to ensure continued access to notes and coins as the country drifts towards a digital economy. The ongoing removal of bank branches and ATMs from Britain’s high streets has led to a rowdy debate about the consequences for a disenfranchised segment of…
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28th May 2019 0

MistNet closes $7m Series A alongside new product launch

Threat detection and response platform MistNet has closed its $7m Series A, alongside the launch of a new service. Silicon Valley-based venture capital firm Foundation Capital led the investment, which also received support from WestWave Capital and an unnamed networking and security company. These fresh funds will be used to support MistNet’s rapid growth in…
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27th May 2019 0

EBO.ai launches Oliver, a GDPR-focused virtual assistant

EBO.ai, which develops AI solutions for customer interactions, has launched its new GDPR-focused virtual assistant ‘Oliver’. The goal of this solution is to boost the public’s understanding of the ins and outs of GDPR by making knowledge more accessible. Oliver can answer complex questions 24/7 and empowers users to easily get information about GDPR. It…
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24th May 2019 0

Invixium Access nets $1m investment from Connecticut Innovations

Invixium Access, a developer of biometric solutions, has received a $1m investment from Connecticut Innovations. The RegTech company has received the initial $665,000 of the investment, it is unclear when the remaining amount will be deployed to the company. Capital from the round will be used to further the evolution of its software and data…
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23rd May 2019 0

The future is digital. So, how will it change the business world?

We live in a world consumed by smartphones, new technology and intelligence, which is critical to our connected lives, one in which people can talk, search, interact and buy in real time. We’ve come to expect the same frictionless experience we have online and on our phones in the real world. Paying virtually, either by…
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22nd May 2019 0

The Real Value of RegTech

The number of startups in the field of regulatory technology (RegTech) is growing steadily and for good reason. As regulatory complexity increases, so does the need for technology-enabled solutions that allow regulatory requirements to be met more efficiently. But that’s not all. It is also the proliferation of digital services and products that require new…
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21st May 2019 0

ASIC encouraging financial firms to adopt regtech

The Australian Securities and Investments Commission (ASIC) has announced three events in Sydney aimed at encouraging financial services firms to adopt regulatory technology (regtech) solutions. The corporate watchdog’s announcement states that the events are opportunities for regtech providers of all sizes to showcase their solutions to representatives from government, finance, technology, media and other relevant…
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20th May 2019 0