Napier AI Secures Majority Investment from Marlin Equity Partners
Fintech News Switzerland » Regtech
by Fintechnews Switzerland
2d ago
Napier AI, based in London, has secured a majority growth investment from Marlin Equity Partners, a global investment firm with over US$9 billion in capital commitments. This investment will help the company continue its research and development efforts and expand its global market presence. Founded in 2015, Napier AI’s Continuum platform is used by over [...] The post Napier AI Secures Majority Investment from Marlin Equity Partners appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH ..read more
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The Largest AML/CFT Fines of 2024
Fintech News Switzerland » Regtech
by Fintechnews Switzerland
1w ago
2024 was a notable year for financial crime, marked by heightened scrutiny on compliance and major enforcement actions for anti-money laundering (AML) and countering the financing of terrorism (CFT) regulation shortcomings. In this article, we examine some of the largest AML/CFT fines imposed throughout the year, spotlighting the companies involved, the regulatory issues they faced, [...] The post The Largest AML/CFT Fines of 2024 appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH ..read more
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Jumio Prepares for EU AI Act with LatticeFlow AI Partnership
Fintech News Switzerland » Regtech
by Fintechnews Switzerland
3M ago
Jumio, a provider of AI-powered identity verification solutions, has partnered with LatticeFlow AI. The partnership aims to improve the safety, fairness, and reliability of Jumio‘s AI models, aligning with its goals for compliance under emerging regulations. This collaboration will enable Jumio to proactively address potential issues, validate its AI models, enhance performance, and strengthen fraud [...] The post Jumio Prepares for EU AI Act with LatticeFlow AI Partnership appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH ..read more
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AI-Driven Fraud Soars Across Europe Financial Sector, Driven by Deepfakes and Identity Theft
Fintech News Switzerland » Regtech
by Fintechnews Switzerland
4M ago
Fraud is surging in Europe’s financial services sector, with both the scale and sophistication of attacks growing on the back of advancements in artificial intelligence (AI). A survey by Signicat, involving 1,206 fraud decision-makers at financial institutions across seven European countries, reveals that 76% of respondents believe fraud is now a bigger threat than three [...] The post AI-Driven Fraud Soars Across Europe Financial Sector, Driven by Deepfakes and Identity Theft appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH ..read more
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Private Equity Firm Summa Acquires NetGuardians
Fintech News Switzerland » Regtech
by Fintechnews Switzerland
4M ago
Summa Equity, a Stockholm-based private equity firm, has acquired NetGuardians, a Swiss-based provider in AI-driven fraud prevention and anti-money laundering solutions. This opens an opportunity for a collaboration between NetGuardians and Intix, another Summa portfolio company specializing in Know Your Transaction (KYT) data management. The new group is poised to advance the financial security landscape [...] The post Private Equity Firm Summa Acquires NetGuardians appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH ..read more
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IN Groupe in Talks to Acquire IDEMIA Smart Identity
Fintech News Switzerland » Regtech
by Fintechnews Switzerland
4M ago
IN Groupe, a French identity solutions provider, has entered exclusive negotiations to acquire IDEMIA Smart Identity, a key division of IDEMIA Group. The acquisition would create a new entity with over €1 billion in sales, bolstering IN Groupe’s presence in Europe, the Middle East, Africa, Latin America, and Asia. The combined capabilities would provide enhanced [...] The post IN Groupe in Talks to Acquire IDEMIA Smart Identity appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH ..read more
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Landesbank Baden-Württemberg Selects Fenergo for Cloud Onboarding and Compliance
Fintech News Switzerland » Regtech
by Fintechnews Switzerland
5M ago
Landesbank Baden-Württemberg (LBBW), Germany’s largest state bank, has selected Fenergo, to provide a new cloud-based client onboarding system to enhance its compliance processes. Fenergo will support LBBW’s business in Europe (excluding Germany), the United Kingdom and Asia and thus around 1,500 institutional and corporate customers. With total assets of €324 billion, LBBW is Germany’s largest Landesbank. [...] The post Landesbank Baden-Württemberg Selects Fenergo for Cloud Onboarding and Compliance appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH ..read more
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The Top Swiss Law Firms for Fintech and Blockchain Practice
Fintech News Switzerland » Regtech
by Fintechnews Switzerland
1y ago
Chambers and Partners, a legal research company, has released its Chambers Fintech 2024 guide, an annual report which recognizes the top fintech advisors and litigators worldwide. In this year’s Swiss edition, Chambers and Partners ranked MME Legal | Tax | Compliance, MLL Legal, Baer and Karrer, and Lenz and Staehelin as the top Swiss law firms in the fintech legal category, recognizing them for their expertise, diligence and customer service. MME is a law firm based in Zurich and Zug that’s widely regarded for its work in the fintech sector. The company offers legal, tax and compliance advice ..read more
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Swiss Regtech Pioneer Apiax Releases AI Policy Assistant
Fintech News Switzerland » Regtech
by Fintechnews Switzerland
1y ago
Apiax has launched a new compliance solution today, aiming to enhance operational efficiency and the accuracy of policy searches. The solution is a synthesis of Apiax’s compliance expertise, rule-based technology, and Generative AI, creating a new standard for financial institutions in accessing and verifying company policy details with ease. Apiax, a leading provider of embedded compliance solutions for the financial industry, released its AI Policy Assistant , an innovative Generative AI-driven solution transforming compliance policies into dynamic conversations. Based on Microsoft’s Azure O ..read more
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Jumio Recognized as Representative Vendor for Identity Verification by Gartner
Fintech News Switzerland » Regtech
by Fintechnews Switzerland
1y ago
Jumio, a provider of identity verification solutions, has been recognized as a Representative Vendor in the latest Gartner Market Guide for Identity Verification. This is the fifth consecutive year that Jumio has received this recognition. Vendors are selected for the Market Guide based on a number of criteria, including their capabilities and their representation of particular market segments or geographic regions among others. The Market Guide notes, “The purpose of identity verification is to establish confidence in the identity of a user during a digital interaction. As a result, across a ..read more
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