While there will likely be a change in how organizations use sanctions as a tool, their increased use looks to continue.
London-based financial crime fintech, ComplyAdvantage, has closed a $50 million Series C funding round; the round was led by Ontario...
I dig deeply into the $5.3 billion acquisition of data aggregator Plaid by $500 billion payments network Visa. We examine why this deal is worth 25-50x revenue, while Yodlee's sale to Envestnet was priced much lower. We also look at how Plaid could be an existential threat to Visa, and why paying 1% of marketcap to protect 200 million accounts may be a good bet. Broader implications for product manufacturers across payments, investments, and banking also emerge -- the middle is getting carved out, and infrastructure providers like Visa or BlackRock are moving closer to the consumer.
Jumio and ComplyAdvantage have teamed up to provide a new screening product aimed at banks called JumioScreening; the new product...
The new platform gives startups free access to the suite of security options: what would typically amount to hundreds of thousands of hours of in-house compliance work.
When China’s Aggressive Debt Collectors Come Knocking: ‘You Committed a Sin’ After being acquired by SoFi, Galileo’s Clay Wilkes looks...
A travesty of today’s financial system is how easy it is to launder money. Despite billions of dollars in expense...