CorServ, a company that empowers banks and fintechs with payment programs, has partnered with Minneapolis, MN-based Northeast Bank ($770 million in assets) to launch a comprehensive credit card program for their business and commercial customers.
intelliflo advances rebalancing and trading with institutional-level compliance rules engine to support RIAs of all sizes
Best Egg, a leading fintech that drives financial confidence, announced the promotion of Amy Thoreson Long to Chief Legal Officer and Corporate Secretary. With a wealth of experience spanning decades in the finance industry, Thoreson Long brings a deep understanding and proven track record of success to her new role. As Chief Legal Officer and Corporate Secretary, she will oversee all legal matters, work to align legal strategies with business goals, manage Best Egg’s compliance, enterprise...
New AI-powered assistant 'Avi' is available in the Avalara Global Support Portal and the Avalara Portal product interface making it faster and easier for customers and partners to find answers and resolve issues
Over recent years, the U.S. Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and Commodity Futures Trading Commission (CFTC) have increased their scrutiny of off-channel communications. Since 2021 the SEC and CFTC have conducted a number of investigations and levied significant fines and other enforcement action against companies making business communications on personal devices and non-sanctioned platforms. Fines for non-compliance have exceeded $2.7 billion and this has raised the importance of compliance of...
ThetaRay, the leading provider of AI-powered financial crime detection technology, announced the acquisition of next-generation European screening company, Screena. The acquisition demonstrates ThetaRay’s continuous investment in proprietary technology and reaffirms its mission of enabling banks, fintechs, and regulators to detect financial crime with state-of-the-art AI solutions. Screena helps financial institutions stop wrongdoers without afflicting legitimate parties. It screens individuals, companies, or other entities against numerous lists of sanctioned parties. This ensures compliance with international law...
Passarelli to Lead Compliance Strategy Across All Corporate Operations, Supporting Melio’s Rapid Growth
Lucinity has announced a strategic partnership with Knights Analytics to enhance its financial crime compliance platform with advanced AI data management capabilities. This collaboration will unify customer data, improve data quality, and enable advanced Generative AI analysis within Lucinity’s solutions. Knights Analytics specializes in combining graph analytics and AI for connecting data, helping businesses extract valuable insights from large and siloed datasets. By integrating Knights Analytics’ expertise, Lucinity’s customers can now consolidate, standardize, and reconcile their data within...
Axle Automation, Inc., a trailblazing provider of AI-powered solutions for compliance teams, proudly announces the successful close of its seed funding round. The Company will use the $2.5M to scale the team and optimize and supercharge compliance teams at fintechs, banks, and other financial institutions. Led by Diagram Ventures, with participation from Mistral Ventures, Uphonest Capital, StreamingFast and other strategic angels, this round underscores the growing demand for innovative solutions to combat money laundering in...
Infrrd, a leading Intelligent Document Processing (IDP) solutions provider, has launched an AI-powered mortgage data validation product: MortgageCheckai. This intelligent loan review automation solution is engineered to enable loan closers, post-closing reviewers, or QC auditors to perform any type of loan review twice as fast as they do today by dramatically reducing dependence on human “stare and compare” processes to confirm data consistency
