Novatus nabs $40M to help financial institutions quell their RegTech nightmares

Quick Summary:

Banks, investments and financial services are not known to be bastions of transparency — not to the general public, and, as the last financial crisis laid bare, sometimes not even to the people who operate within them.

This was a fact known all too well by Andrew Hedley.

Now with some 30 major clients using its products including MUFG, NatWest Group, Revolut, Wellington, Allspring and Artemis, the company is announcing a fundraise of $40 million to expand its growth into new markets.

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Article Details

Author / Journalist: Ingrid Lunden

Category: Technology

Markets: United StatesIndia

Topics: Fintech Financial regulation Fundraising Regtech Novatus

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 12:11:15 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1357 words

Reading Time: 8 minutes read

Sentences: 57 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22469874

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