Tag: Digital assistants

Explore the RegTech Revolution

Regulators struggling to oversee crypto assets

The International Organization of Securities Commissions (Iosco)’s attempt to harmonize crypto regulation will have no immediate impact, as national regulators are still failing to understand jurisdictional governance, says a lawyer. While the CEO of a crypto exchange says the lack of adoption of current regulation to crypto, has created a bottleneck effect. “While efforts to…
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4th June 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

Will KYT drive technology innovation in banking compliance?

From KYC to KYT: the need to “know your transaction” Know your customer (KYC) forms the bedrock of financial crimes compliance, from customer identification and acceptance to monitoring customers’ transactions against their recorded profile, expected behaviour and peer group behaviour. So understandably, customer profile creation and risk classification become the starting point of banking compliance.…
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15th May 2019 0

How To Avoid Nightmares When Onboarding AI-Powered Regtech

The rapidly expanding realm of artificial intelligence (AI) presents a powerful tool for meeting the requirements of regulatory oversight. But like any powerful tool, using it incorrectly can lead to disaster. I have seen firms allocate large budgets to onboard extremely advanced technology to solve a particular challenge, but their efforts are not always successful.…
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8th May 2019 0

Cloud security platform DivvyCloud nets $19m in growth funding round

DivvyCloud, a security and compliance automation developer for cloud infrastructure, has netted $19m in a growth funding round. The capital injection was led by Providence Strategic Growth, with participation also coming from existing backers MissionOG and RTP Ventures. Following this latest funding, the company has raised a total of $29m in equity. With these new…
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3rd May 2019 0

Mercury Payment Solutions and Arion Bank Select Fiserv Anti-Money Laundering Technology

(NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that a payment scheme in the Middle East and a universal bank in Iceland have chosen Fiserv technology to streamline anti-money laundering (AML) processes and effectively manage fraud risk. Mercury Payment Services and Arion Bank were seeking a provider with proven expertise and join more than 1,200 organizations worldwide that rely…
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2nd May 2019 0

Why Fintech Should Embrace The Fourth Industrial Revolution

A recent report from the World Economic Forum highlighted why financial services should welcome what has been dubbed the “fourth industrial revolution” after the impact it has had on a range of sectors such as healthcare, retail and agriculture. With the development of digital technology, automation and personalization have been put on a pedestal in…
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1st May 2019 0

Coinbase Launches Crypto Visa Debit Card for UK and EU Customers

Cryptocurrency exchange Coinbase has launched a Visa debit card allowing customers in the U.K. and EU to spend their cryptocurrencies directly from their Coinbase accounts. The San Francisco-based firm announced the news in a blog post on Wednesday, saying that with the “Coinbase Card,” customers will be able to spend their bitcoin (BTC), ether (ETH),…
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29th April 2019 0

Will The BigTech Empire Capture LegalTech? The Exari Example

Exari, the well-known document automation platform and contract lifecycle management system, has been bought out by US-based and NASDAQ-listed business spend management company, Coupa Software. Importantly, Coupa works across all sectors. The key thing for the California-based Coupa was not the legal bit, instead it was the connectivity between its data analysis strategy and Exari’s…
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25th April 2019 0