Similar Posts
Flagright Secures $4.3 Million to Enhance AI Compliance Solutions
Flagright, a leader in financial compliance, has secured significant funding led by Frontline Ventures, with contributions from notable angel investors, including Rubin Ritter and André Silva. The investment will enhance Flagright’s AI-native compliance operating system, which features dynamic risk scoring and real-time transaction monitoring. Co-founder Baran Ozkan highlights the advantages of their AI solutions in combating financial crime. Flagright’s technology has achieved a 90% reduction in false positives and an 87% decrease in manual monitoring efforts. The company plans to expand globally, establishing new headquarters in London while strengthening its presence in North America.
FCA Seeks Public Opinion on Eliminating £100 Contactless Payment Limit: Share Your Thoughts!
The Financial Conduct Authority (FCA) is considering removing the contactless payment limit in the UK to enhance consumer choice, provide merchants with greater flexibility, and boost economic growth. This review follows a proposal from January and aims to improve purchasing experiences by allowing larger transactions. The FCA suggests that less restrictive regulations could foster innovation in payment methods and fraud prevention. Support from Economic Secretary Emma Reynolds highlights the initiative’s potential benefits for families. Stakeholders are invited to share feedback on the proposed changes by May 9, marking an important opportunity for public input on the future of contactless payments.
Taurus Unveils Innovative Private Token Standard Revolutionizing Banking
The Aztec Foundation and Taurus have developed a new standard that aims to transform how banks issue tokenised financial instruments on public and permissionless blockchains. This initiative improves digital asset trading while ensuring compliance with securities regulations and maintaining user privacy. Taurus has partnered with major investment banks like State Street and Deutsche Bank to create the necessary infrastructure. JP Aumasson of Taurus emphasized the potential of tokenisation for investment, while Arnaud Schenk of the Aztec Foundation noted that privacy is essential for the large-scale adoption of blockchain technology in finance. This development represents a significant milestone in aligning blockchain with regulatory frameworks.
