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Diginex Provides Update on Acquisition Progress
Globenewswire· 2025-12-23 13:19
Core Insights - Diginex Limited is focusing on a strategic acquisition roadmap to enhance growth, market reach, and competitive positioning in the ESG and compliance sectors [1] Acquisition Updates - Diginex is in active discussions with Resulticks, with final terms for the transaction agreed upon and documentation being updated. The deal's cash consideration is expected to be contingent on a debt-based acquisition financing facility, avoiding equity dilution [2] - The acquisition process with IDRRA Cyber Security Ltd. (Findings) has been paused due to insufficient due diligence and progress, making a short-term acquisition unlikely [3] - Diginex has not received substantial due diligence from Kindred OS, leading to the conclusion that pursuing a definitive transaction is unwarranted, and the closing of this deal appears unlikely [4] Company Overview - Diginex Limited, headquartered in London, operates as a sustainable RegTech business, facilitating ESG, climate, and supply chain data collection and reporting through advanced technologies like blockchain and AI [5] - The diginexESG platform supports 19 global frameworks, including GRI, SASB, and TCFD, providing comprehensive support for clients in ESG reporting and compliance [6] About Resulticks - Resulticks is a provider of AI-powered, omnichannel customer engagement and data management solutions, serving clients across various industries in North America, Asia, and the Middle East [7] About Findings - Findings, also known as IDRRA Cyber Security Ltd., offers a supply chain risk monitoring platform, focusing on cybersecurity and compliance for enterprises [8][9] About Kindred OS - Kindred OS is developing the H1 Edge AI platform, which focuses on predictive analytics and local deployment of AI models in sectors like education and healthcare [9]
SEALSQ Strengthens Strategic Position in RegTech; Following the Recent 28.3% Equity Stake Acquisition, Wecan's Founder Vincent Pignon Resumes CEO Role
Globenewswire· 2025-10-29 12:45
Core Insights - SEALSQ Corp has acquired a 28.3% equity stake in Wecan, a Swiss company specializing in digital compliance platforms for regulated institutions, marking a significant strategic move for both companies [1][5] - Vincent Pignon has resumed his role as CEO of Wecan to drive innovation and growth following the acquisition [1][2] - The partnership aims to integrate SEALSQ's cybersecurity and post-quantum technologies with Wecan's compliance platform, enhancing the digital infrastructure for the financial sector [5][6] Company Overview - SEALSQ is a leader in cybersecurity, semiconductor technology, and post-quantum security solutions, focusing on developing quantum-resistant cryptography and semiconductors [10][11] - Wecan, founded in 2015, has established itself as a prominent RegTech provider, serving over 100 financial institutions, including major Swiss banks [4][9] Industry Context - RegTech utilizes advanced technologies like AI, blockchain, and data analytics to streamline compliance processes, transforming compliance from a burden into a strategic advantage [3] - The collaboration between SEALSQ and Wecan aims to create a secure, scalable compliance infrastructure, addressing the growing need for efficient regulatory solutions in the financial sector [5][8] Strategic Roadmap - Near-term plans include launching an AI-driven interface for KYC updates and CRM integrations [8] - By 2026, the integration of SEALSQ's post-quantum encryption technology and a digital identity module is expected [8] - The introduction of real-time blockchain-based compliance and predictive AI tools is planned for 2027-2028 [8]
FactSet Unveils 2025 APAC Buy-Side Forum: Shaping the Future of Finance in Hong Kong, Tokyo, Sydney, and Singapore
Globenewswire· 2025-10-15 09:00
Core Insights - FactSet is launching its 2025 Buy-Side Forum series across four cities in the Asia-Pacific region to address the impact of AI-driven strategies and advanced data solutions on financial professionals amid market volatility and regulatory changes [1][2] Group 1: Event Details - The Buy-Side Forum will take place in Hong Kong on Nov. 4, followed by events in Tokyo (Nov. 6), Sydney (Nov. 11), and Singapore (Nov. 13) [1] - The forum aims to showcase how FactSet is driving innovation and helping clients succeed in the dynamic APAC financial markets [2] Group 2: Industry Challenges and Solutions - The forum will feature sessions on how front and middle office clients are utilizing FactSet's solutions to tackle pressing challenges in the financial sector [2][3] - Key topics include the use of predictive analytics for risk management, AI-driven reporting for compliance, and advancements in algorithmic trading and execution [5] Group 3: Technological Innovations - Asset managers are leveraging AI for real-time credit risk tracking and compliance as regulations tighten in markets like Singapore [5] - The transformation of market data infrastructure through cloud adoption and integration of alternative data is crucial for capturing opportunities in rapidly changing APAC markets [5] Group 4: Company Overview - FactSet provides enterprise data and information solutions, integrating proprietary financial data and advanced technology to enhance decision-making across various sectors [4][6] - The company serves approximately 9,000 global clients and has a presence in 20 countries, emphasizing innovation and long-term client success [4][6]
Digital Duct Tape Bleeding Billions From Corporate America
Forbes· 2025-09-22 11:54
Core Insights - Digital initiatives in corporate America are failing to meet expectations, leading to significant productivity losses estimated at 21% due to disconnected systems and excessive manual intervention [2][4][26] - Companies are struggling with complex financial infrastructures, often managing multiple applications and logins, which complicates financial oversight and increases operational inefficiencies [3][5][30] - The fragmentation of data assets is resulting in a massive loss of potential value, as companies are not compensated for the data they provide to AI systems, leading to a significant wealth transfer to AI companies [10][12][13] Group 1: Digital Friction and Productivity Loss - Fortune 500 companies operate on an average of 254 applications, with employees managing 47 passwords, contributing to a 21% productivity drain [2][3] - Financial teams at large corporations face challenges in data reconciliation, spending excessive time on manual processes rather than strategic cash flow management [5][30] - The complexity of cross-border payments results in companies incurring 3% to 5% in transaction fees due to multiple intermediaries, highlighting the inefficiencies in current systems [6] Group 2: Financial Infrastructure Challenges - A treasury executive reported managing $2 billion across 27 financial relationships monthly, with significant time lost in reconciling data formats [5] - McKinsey research indicates that two-thirds of large tech programs exceed budgets and timelines, often by 50% or more, underscoring the challenges in financial infrastructure [5] - Companies are exploring next-generation financial solutions to unify management across traditional and digital assets, but regulatory uncertainties hinder widespread adoption [9][10] Group 3: Data Asset Management - Major publishers are losing out on the value generated from their content, which is used to train AI models worth billions without receiving compensation [10][12] - Startups are emerging with blockchain-based solutions aimed at providing transparency and compensation for data contributions, but established AI companies resist these changes [13] - The current landscape reflects a significant wealth transfer occurring in real-time, as companies fail to monetize their data effectively [10][12] Group 4: Identity Management Issues - IT departments spend 30% of their time on password resets, indicating a significant inefficiency in identity management systems [14] - Employees often have fragmented digital identities across various platforms, complicating integration and data management [15][16] - Major identity providers benefit from maintaining silos, which creates challenges for companies trying to streamline their identity management processes [15] Group 5: Access Complexity - Routine business operations, such as currency conversion, are hindered by complex interfaces, leading to significant time losses [19][20] - Traditional financial service providers have little incentive to simplify processes, as complexity supports their pricing models [20] - Emerging platforms are attempting to simplify access to digital assets, but compliance and auditability remain critical factors for enterprise adoption [21][22] Group 6: Regulatory and Competitive Landscape - Upcoming regulatory deadlines, such as EU DORA compliance in January 2025, are reshaping competitive advantages in the industry [28] - Companies that view compliance as a burden may miss opportunities for efficiency improvements [28] - The smart money is moving towards simplifying operations, as evidenced by companies like American Airlines and Reddit optimizing their processes and monetizing data effectively [24][25]
X @CoinDesk
CoinDesk· 2025-09-02 20:42
Industry Events & Discussions - Roundtable discussion on data privacy, RegTech, and SupTech to be held next week [1] - Chris Brummer, CEO of @blupryntco, and Ben Sherwin, General Counsel at @chainlinklabs, will participate in the discussion [1] Key Discussion Topics - Data privacy will be a central theme of the roundtable [1] - RegTech (Regulatory Technology) will be discussed [1] - SupTech (Supervisory Technology) will be discussed [1]
Winnow Team Named "Tech Team of the Year" at Banking Tech Awards USA 2025
Prnewswire· 2025-06-03 12:43
Core Insights - Winnow Solutions, LLC has won the "Tech Team of the Year" award at the 2025 Banking Tech Awards USA and received a "Highly Commended" recognition in the "Best as-a-Service Solution - Regulation & Compliance" category [1][2][3] Group 1: Awards and Recognition - This is Winnow's first win and fourth consecutive year of recognition at the Banking Tech Awards [3] - Other finalists in the "Tech Team of the Year" category included major firms such as Bank of America, Morgan Stanley, and Total Expert [3] - Winnow was nominated for a total of five awards across various categories, showcasing its diverse capabilities in the fintech space [3] Group 2: Company Overview - Winnow Solutions, LLC develops a RegTech platform that offers compliance solutions across multiple sectors, including mortgage, auto financing, credit cards, and cybersecurity [4] - The platform catalogs over 80,000 individual state and federal law requirements, maintained by a team of experienced attorneys and professionals [4] - The recent addition of Winnow AI enhances the platform by providing quick answers to basic legal questions, leveraging existing attorney-reviewed content [4] Group 3: Previous Achievements - In 2024, Winnow was awarded "Best RegTech Solution" at the Finovate Awards and recognized in the "Regulatory, Governance, and Compliance Technology" category at the Legalweek Leaders in Tech Law Awards [5] - The company was also named to the HousingWire Tech100 Mortgage list, further establishing its reputation in the industry [5]