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Unveiling the Second FinCrimeTech50: Spotlight on Innovators Combatting Financial Crime
The FinCrimeTech50 list for 2025, published by FinTech Global, highlights innovative companies combating financial crime through advanced technology. Evaluating over 500 nominees, a panel of experts selected firms that excel in AI-driven fraud detection, biometrics, and automated compliance. Key findings from the State of Financial Crime 2025 report indicate that 91% of organizations prioritize efficiency over AI explainability, while 70% feel confident in their understanding of AI regulations. Notable companies on the list include ACTICO, Aereve, Arctic Intelligence, and others, each contributing uniquely to the evolving landscape of financial crime prevention. For more details, visit FinCrimeTech50.com.
NSAVE Secures $18M to Provide Secure Offshore Accounts for High-Inflation Economies
In response to economic instability, nsave has launched a new investment platform offering secure offshore accounts to help individuals in high-inflation economies safeguard and grow their wealth. The company recently raised $18 million in a Series A funding round, led by TQ Ventures and supported by prominent investors like Sequoia Capital and Y Combinator. nsave provides access to diverse investment options, including US equities and ETFs, through partnerships with regulated financial institutions in the UK and Switzerland. CEO Amer Baroudi emphasizes the mission to support financial inclusion and empower users to enhance their financial assets.
Starling Enhances Leadership Team with Key Appointments in Compliance, Legal, and Human Resources
Starling Group, a digital bank focused on customer-centric financial services, has expanded its leadership team by appointing four new executives. The new appointees include Catarina Abrantes-Steinberg as Group Chief People Officer, Ian Cox as Group Head of Internal Audit, Monica Risam as Group General Counsel, and Bernadette Smith, promoted to Chief Compliance Officer. These changes reflect the bank’s strategy to enhance its operations in the competitive FinTech sector. CEO Raman Bhatia expressed excitement about the diverse expertise these leaders will bring, supporting Starling’s growth plans. The appointments are expected to take effect in early summer, pending regulatory approvals.
Mastering RFPs: A Proven Guide to Boosting Tax Compliance Success and Eliminating Delays
Comply Exchange’s recent webinar, “Know Your Pain: Write RFPs That Solve, Not Stall,” emphasized the critical role of a well-structured Request for Proposal (RFP) in ensuring effective tax compliance. Key points included the necessity of gathering input from diverse teams—tax, legal, product, and more—to avoid overlooking important issues. The webinar cautioned against vague language in RFPs, urging specificity in areas like customization and multilingual support. Additionally, it highlighted that software alone does not eliminate compliance liability. To enhance tax compliance, stakeholders should align early, define requirements clearly, and consider advanced compliance tools. For further insights, visit Comply Exchange.
Firenze Partners with Monument Bank in £160M Initiative to Make Lombard Loans Accessible for All
Firenze, a FinTech firm focused on Lombard lending, has partnered with UK challenger bank Monument Bank, committing £160 million to enhance its loan offerings. This partnership aims to democratize Lombard loans, previously exclusive to private banking clients, making them accessible to mass-affluent individuals. Key features include maintaining existing custody structures and utilizing liquid securities as collateral. Firenze’s CEO, David Newman, and Monument’s CCO, Wasim Khouri, emphasized the collaboration’s potential to innovate and challenge traditional banking norms. With rising demand for its services, Firenze is positioned as a significant player in the market, collaborating with investment firms managing over £50 billion in assets.