compliance

Sep
20

AI RegTech deal boosts compliance speeds for Airwallex

Melbourne headquartered fintech startup Airwallex today announced a partnership with AI-driven RegTech ComplyAdvantage. The partnership will allow Airwallex to conduct real-time screening and monitoring of transactions for sanctions, anti-money laundering (AML) and counter-terrorism financing (CTF), following a US$13 million Series A funding round from Tencent, Sequoia and Mastercard that has spurred rapid growth into new regions. ComplyAdvantage helps firms make intelligent choices by using Artificial Intelligence, machine learning and big data analytics to manage their compliance and risk obligations, and to prevent the occurrence of financial crime. Regarded as one of the most trusted and innovative compliance solutions in the industry, ComplyAdvantage’s real-time insights will minimise risk on transactions conducted […]

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May
12

InvestmentLink developing real-time wealth management compliance product

Media Release – InvestmentLink, Australia’s largest independent financial data source, today said it is developing a real-time compliance product that will give financial advisers and dealer groups immediate and ongoing compliance reporting.   The product, Halcyon, will draw on InvestmentLink’s unique data platform and external data sources to provide advisers with a tool to manage potential issues as they arise.   InvestmentLink Chief Technology Officer Wayne Robinson said Halcyon will give advisers a complete and ongoing audit of client portfolios, and will do away with the need for onsite periodical or random auditing. “Not only does real-time reporting mitigate potential issues as they arise, it also does away with the […]

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