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UAE FinTech Gainz Secures 7-Figure Pre-Seed Funding to Revolutionize SME Lending
Gainz, a UAE-based FinTech platform founded in December 2024 by Egyptian entrepreneurs Shehab Mokhtar and Sherif Abdelaty, has successfully closed a significant 7-figure pre-seed funding round to address the over $200 billion financing gap for small and medium-sized enterprises (SMEs) in the Middle East. The funding, led by Antler MENAP, Lithium Holdings, and Eleventh Invest Inc., will help Gainz expand across the GCC, enhance its technology, and reach underserved SMEs. With Shariah-compliant funding solutions and advanced AI underwriting, Gainz aims to streamline access to capital, empowering SMEs to grow without the delays of traditional financing.
GLEIF and Companies House Join Forces to Boost Global Business Transparency
The Global Legal Entity Identifier Foundation (GLEIF) has partnered with the UK’s Companies House to enhance business transparency and operational efficiency. This collaboration aims to simplify access to UK companies’ registration data by integrating direct links to Companies House documents within Legal Entity Identifier (LEI) records. Benefits include streamlined access to company data, improved due diligence for compliance, and increased operational efficiency. GLEIF’s CEO, Alexandre Kech, emphasized the initiative’s role in fostering corporate transparency, while Companies House CEO Louise Smyth noted it enables secure access to extensive business information. This partnership may lead to future collaborations with global business registries.
2025 Outlook: Global Sanctions Inflation May Diminish, Yet Mega-Trends Signal Increased Risk Ahead
The global sanctions landscape is changing, with reports from LSEG’s Global Sanctions Index (GSI) indicating a slowdown in the growth of sanctioned individuals, currently totaling around 80,000. Despite a decrease in the annual inflation rate to 17.1%, compliance challenges persist. Key issues include regulatory divergence, increasing complexity in enforcement, extraterritorial measures, and the privatization of enforcement responsibilities. As uncertainty grows, compliance teams in financial institutions must adapt their strategies to navigate these evolving challenges. Staying informed is vital for organizations to effectively manage sanctions-related risks as they approach 2025 and beyond.
Viamericas Unveils Revolutionary Domestic Cash-to-Cash Transfer Service Nationwide!
Viamericas Corporation has launched a domestic cash-to-cash money transfer service in the U.S., aimed at simplifying money transfers for individuals without access to traditional banking. Available at thousands of agent locations nationwide, the service offers immediate assistance for urgent financial needs, ensuring secure and straightforward transactions. Customers can send money at one location and recipients can collect it nearby. Additionally, Viamericas offers a rewards program, Viamericas Plus, allowing users to earn points for various transactions, enhancing value for frequent users. This initiative reflects Viamericas’ commitment to providing affordable and reliable financial solutions.
Mastering Financial Crime and Compliance Challenges: A 2025 Guide to Navigating Risks and Regulations
As 2025 approaches, businesses face increasing challenges in regulatory compliance, especially those in sectors prone to financial crime. A report by SmartSearch highlights the urgent need for improved compliance measures among 600 surveyed decision-makers, who view regulatory pressures as barriers to growth. Companies must adopt integrated strategies, utilize technology, and continuously evaluate compliance frameworks. The rising complexity and costs of compliance necessitate agile and cost-effective solutions. However, advancements in AI and machine learning offer opportunities to streamline processes, reduce costs, and mitigate risks. Embracing innovation is essential for businesses to thrive amid evolving compliance demands.
Armis Boosts Cyber-Physical Security with Strategic Acquisition of OTORIO
Armis has acquired OTORIO to enhance its cybersecurity services, particularly in operational technology (OT) and cyber-physical systems (CPS) security. This move addresses the growing demand for robust security in industries like oil and gas, utilities, and manufacturing. Integrating OTORIO’s Titan platform with Armis’ Centrix™ will improve security for air-gapped environments, enabling secure remote access and comprehensive attack path mapping. This acquisition aligns with Armis’ strategy to expand its technological capabilities ahead of its initial public offering (IPO). Both CEOs highlighted the importance of this partnership in meeting the evolving needs of critical infrastructure security.