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Written by Octavian Ittu
on December 31, 2021

The year is finally at its end and while most of us spent it entirely at home, the world did not slow down for even a moment. At kompany, we had a busy year that included securing our biggest funding round to rate, and participating in CoinGeek’s virtual conference (which like most previously scheduled events, transitioned to online seamlessly). But what are the stories from us that you should have read before the clock strikes midnight on a new, hopefully more “traditional” year? Here are kompany’s top 5 RegTech stories of 2020:

1. kompany accelerates growth with new funding, bringing total raised to €14 million

kompany, the award winning RegTech platform for Business KYC (KYB) announced, this past August, an investment of almost €6 million, the company’s largest single investment round to date. It will use the new funding to accelerate growth and expand its new product lines, the AI-based shareholder analysis tool UBO discovery® and the DLT-based audit-trail solution KYC onchain.  

Keep reading the full story, including what new investors had to say about kompany, by clicking here.

2. The 6th Anti Money Laundering Directive (AMLD6): What You Need to Know

t’s official: the European Union’s Sixth Anti-Money Laundering Directive (AMLD6) is now in effect for all member states. Building upon the requirements already enforced through AMLD5, the sixth anti-money laundering directive is stricter than its predecessors and introduces a bigger responsibility on financial institutions and regulated entities to fight money laundering and terrorist financing.

But what exactly changes this time around and how will your organisation be affected? More importantly, what action can you take to ensure you’re compliant with the EU’s latest anti-money laundering directive? In this article, we’re answering all the most frequently asked questions we’ve received about AMLD6, including the key highlights you need to know.

Keep reading the full story, including the five key most important things your team needs to know about, by clicking here.

3. KYC onchain: Real-Time Business KYC for BSV

We joined a long list of incredible speakers who presented at this year’s, fully virtual CoinGeek Live Conference this past October. Everything from the future of digital asset security and custody to the implementation of smart contracts was covered and our founders weighed into the conversation with their presentation of KYC onchain: real-time business KYC for BSV.

Watch the presentation now and learn more about kompany’s latest digital solution, which leverages the power of blockchain for compliance needs by clicking here.

4. Interview with Dan McCrum at Transactions20

This past November, we were proud to serve as the exclusive sponsor of a very special discussion at Transactions20, a two-part event by Payment & Banking bringing together many of the biggest names from the digitisation, payments and banking sectors. If you were not able to join us at the live event, don’t worry - we have recapped the conversation we sponsored with Dan McCrum, the investigative journalist at the Financial Times who broke the Wirecard story wide open. 

Read the full story by clicking here and learn what it's like to break a story this big from the lead journalist himself. 

5. Leveraging Artificial Intelligence to revolutionise ultimate beneficial ownership discovery

An estimated 80% (though kompany estimates this number to be closer to 95%) of all company information in registers around the world is only available as unstructured data. This is where the kind of innovative solutions regtechs are developing, such as UBO discovery, become essential and where artificial intelligence proves itself to add a transformative difference to the way compliance teams have been forced to run their operations up to today.

Read the full story on the AI Journal by clicking here and understand how our latest solution, UBO discovery, is changing the way shareholder identification tasks are completed. 

That's it! We hope you enjoyed following alongside us this past year and we look forward to continuing to help our clients meeting and exceed their compliance requires in 2021.

And don't forget that every month we release our Monthly RegTech Roundup, a collection and summary of compelling stories from the industry that you may have missed throughout the month. You can make sure you never miss an update by following us on Twitter or LinkedIn.

Happy New Year!  

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