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Gen Z WealthTech Alinea Invest Raises $10.4M in Series A Funding to Revolutionize Investment for a New Generation
Alinea Invest, a WealthTech platform aimed at empowering Gen Z, has raised $10.4 million in a Series A funding round, led by Play Ventures and supported by notable investors like Y Combinator and Gaingels. Founded by Anam Lakhani and Eve Halimi in 2021, Alinea has attracted over 1 million users, mainly young women, by combining financial guidance with autonomy. The platform will soon launch ‘AI Allie’, a personal finance coach designed to help users navigate their financial journeys. With a sixfold revenue increase last year, Alinea is poised for significant growth, targeting the upcoming wealth transfer from Baby Boomers.
Sapiens Boosts Asian Presence with $22M Acquisition of Candela
Sapiens International Corporation has announced its acquisition of Candela, a provider of intelligent automation solutions for the insurance sector in the Asia-Pacific (APAC) region, in a $22 million cash deal set to close in Q2 2025. This acquisition aims to enhance Sapiens’ life product portfolio and expand its APAC presence. Candela, part of Azentio, brings nearly 30 years of experience and will complement Sapiens’ offerings with its automation technology. Sapiens expects this integration to standardize processes and improve client experiences. Candela will operate as a wholly owned subsidiary, and the acquisition is projected to positively impact profits from Q4 2025.
Unlocking Compliance: The Essential Role of Enhanced Screening Data in High-Risk Environments
LSEG’s recent research highlights significant compliance challenges faced by financial institutions and DNFBPs, primarily due to outdated screening data. Insights from 400 senior compliance leaders reveal that over 50% experience delays of 24 hours or more in receiving sanctions information, risking regulatory breaches. Additionally, 32% report false positive rates up to 30%, increasing operational costs. Improved data quality is crucial, with 44% of organizations prioritizing enhanced coverage and accuracy. Many institutions are adopting technology, particularly AI and machine learning, to address these issues, with over half planning investments in generative AI within three years. Timely, accurate data is essential for effective compliance.
Why Banks Should Preserve FCC Operations Amid Regulatory Rollbacks: Key Insights and Strategies
Recent regulatory changes in the U.S. banking sector, particularly under the Trump administration’s deregulation efforts, have alarmed financial crime compliance (FCC) teams. A significant shift occurred on March 21, 2025, when the U.S. Treasury announced it would no longer enforce key aspects of the Corporate Transparency Act (CTA), drastically reducing domestic reporting obligations from 32 million entities to just 12,000. Critics argue this undermines anti-money laundering (AML) efforts, as U.S. shell companies are often linked to criminal activity. As federal oversight diminishes, state regulators are expected to increase scrutiny, posing new challenges for FCC teams amid heightened compliance risks.
Americans Lose $3 Billion to Impersonation Scams Despite Enhanced Protections
In 2024, Americans lost nearly $3 billion to impersonation scams, despite regulatory efforts to combat financial fraud. The Federal Trade Commission (FTC) reported significant losses from scams impersonating businesses and government officials. To address this, the FTC introduced the Government and Business Impersonation Rule in April 2023, prohibiting false representation and imposing fines up to $53,088 for violations. The FTC has taken action against five fraudulent firms and shut down 13 impersonating websites. Chris Mufarrige, FTC’s Director of Consumer Protection, emphasized the agency’s commitment to enforcing the rule and protecting consumers from these sophisticated scams.
Worldpay Expands into Colombia: Unlocking E-Commerce Growth and Global Payment Solutions
Worldpay, a global payments technology provider, is expanding its operations into Colombia, introducing domestic acquiring capabilities to enhance the country’s growing e-commerce sector. This move is part of Worldpay’s strategy to strengthen its presence in Latin America, building on existing operations in Argentina, Brazil, and Mexico. Key features of the expansion include advanced payment processing solutions, multi-layered fraud protection, enhanced security measures, and a dedicated local team to assist merchants. With its extensive global network, Worldpay aims to empower Colombian businesses to thrive in the digital landscape and facilitate smoother international transactions.