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FinTechs Raise Funding For Supplier Payments, Compliance Automation

PYMNTS

Venture capital funding landed at supplier payment and compliance automation firms this week, among other B2B innovators that raised money. Durable Capital Partners led the funding round, while 01 Advisors and Greenoaks Capital participated. “We Strike Graph , a compliance automation firm, has launched with a $3.9

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Compliance resource drain holding back capital markets innovation

Bobsguide

Firms “completely consumed” by solving regulatory projects are holding back proper back office innovation in capital markets, according to Alastair Rutherford senior advisor for Nomura Research Institute. Speaking at an industry event in London this week, he argued that when companies.

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FinCEN Announces New Digital Innovation Officer/Deputy Director

PYMNTS

The Financial Crimes Enforcement Network (FinCEN) has announced Michael Mosier as its new digital innovation officer and deputy director. In the digital innovation officer role, he will work to engage with new financial innovations and technologies. Michael is the right person, with the right skills, at exactly the right time.”.

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B2B Innovators Land Funding For AP, Cybersecurity

PYMNTS

Venture capital funding landed at startups focused on accounts payable (AP) and cybersecurity this week — with one payables startup raising $23 million in funding. Venture capital funding landed at accounts payable (AP) and cybersecurity technology firms, among other innovators that raised money this week.

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These 12 Startups Are Competing in the Demo Contest at Bank Innovation Ignite

Bank Innovation

The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. Community Capital Technologies, Denizen Financial, Diro Inc., The startups are:[link] Avocado Payments, Budgit Inc., Exagens Corp., Fintel Labs, iGTB, JUDI.AI, KapitalWise, OpenDoor Securities, and Operant.AI

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Resolution Plan Submission Period Extended by Key Financial Agencies

Perficient

Our Expertise Perficient launched its Risk and Regulatory CoE in October 2023 to proactively address compliance issues. With a deep understanding of the regulatory landscape, our CoE experts support over 500 financial institutions with innovative software, ensuring seamless navigation of challenges.

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What’s your Bank’s Technology and Innovation Budget?

Bank Innovation

Innovation is expensive. And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart.