London, UK – 28th April 2025
TCC Group, headed by The Consulting Consortium Holdings company – a leading provider of intelligent compliance and RegTech solutions for financial services and the government – announces the acquisition of the assets and business of Momenta Group trading in the UK and Australia (Momenta). Momenta is an elite supplier of strategic client services and resourcing solutions for regulated industries.
TCC Group's strategic acquisition marks a significant milestone in the organisation's growth journey, enabling it to broaden its operations and international reach, providing an even more comprehensive suite of compliance solutions and enhancing its innovative technology portfolio for clients across regulated industries.
With many decades of combined experience navigating complex regulatory environments, both TCC Group and Momenta have built reputations as trusted partners to financial services, utilities and government organisations.
This acquisition unites TCC Group's deep expertise in compliance, regulatory problem-solving and smart AI technologies with Momenta's dynamic resourcing and implementation capabilities – enabling clients to benefit from enhanced flexibility, innovation and strategic value.
"Momenta's acquisition enhances TCC Group's ability to serve highly regulated industries with comprehensive, end-to-end services that ensure seamless client delivery, elevate customer outcomes, and drive commercial excellence," Joanne Smith, Founder and Executive Chair of TCC Group, comments on the recent acquisition.
Joanne continues: "Together, we're committed to offering our clients proven, strategic solutions and innovation in environments where compliance, governance, and operational quality are non-negotiable."
TCC Group's ability to deliver enhanced strategic resourcing solutions to clients and partners is accelerated by this acquisition, substantially expanding the organisation's interim resourcing capacity to execute complex projects with increased speed, precision, and scalability.
"We're proud of our strong reputation as a trusted strategic resourcing partner, now further reinforced by a combined network of over 30,000 highly-skilled, credible associates," said Joe Norburn, CEO of TCC Group. "Our ultimate aim is to keep empowering clients and partners by providing precisely matched interim resource and compliance solutions that deliver operational success."
TCC Group and its technology business Recordsure now extends unparalleled value to Momenta's clients – with instant access to TCC's comprehensive regulatory expertise and Recordsure's cutting-edge AI-powered RegTech.
Momenta's UK Chief Delivery Officer, Kim McKeown, remarked on the acquisition: "Becoming part of TCC Group is an exciting opportunity to scale our regulatory compliance services and technological capabilities. It enables us to introduce wider-reaching strategic solutions and superior specialist resource to our clients."
"Joining TCC Group unlocks a powerful new technology stack specifically designed for the highly regulated sectors," said Simon Rippon, Momenta's Australia Operations Director, echoing Kim's enthusiasm. "The smart combination of our client services expertise and AI-driven compliance tools means we're now better equipped than ever to meet the demands of the regulators."
The acquisition of Momenta signals TCC Group's continued investment in cutting-edge solutions to elevate the quality of outcomes for clients and reinforces its position as a leader in compliance.
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About TCC GroupTCC Group is a leading provider of end-to-end compliance services with over two decades of experience in solving regulatory and operation challenges for financial services and government clients. Backed by the unique combination of TCC regulatory expertise and Recordsure's smart tech, TCC Group's intelligent compliance solutions offer unprecedented value and deliver superior outcomes that satisfy clients and regulators.
https://tcc.group & https://recordsure.com
About Momenta Group Momenta Group addresses the specific needs of clients in regulated industries with flexible, tailored solutions – assisting business transformation initiatives, enhancing customer satisfaction, ensuring regulatory compliance, and optimising commercial performance for tangible outcomes. Momenta has built its reputation for over two decades, forming unique operational partnerships with financial services, utilities, professional services and public sector organisations.
https://momentagroup.com/
For media inquiries, please contact:Hana ShackletonHead of MarketingTCC Group hana.shackleton@tcc.group
Recently, Jade ThirdEye hosted an exclusive roundtable for financial crime specialists in the banking sector at Rockpool Bar & Grill in Sydney. The event brought together diverse professionals from across the industry to engage in open discussion about transaction monitoring challenges and best practices.
They were privileged to have Crispin Yuen as their special guest and discussion leader. Crispin is a distinguished Financial Crime Risk & Compliance Specialist with over 20 years of experience in regulatory compliance, risk controls, governance and assurance. He combines deep expertise with pragmatic approaches to help organisations navigate the complex and rapidly evolving financial crime risk landscape.
Crispin's exceptional background includes hands-on experience resolving deficiencies raised in both OFAC and AUSTRAC enforcements—making him one of the few professionals in Australia with this specific expertise. Throughout his career spanning both financial institutions and professional services firms, he has developed strong working relationships with regulators and law enforcement agencies in the fight against financial crime.
The roundtable discussion focused on transaction monitoring in the banking sector, structured around three fundamental questions:
Through this framework, attendees explored both the regulatory requirements and practical implementation challenges that financial institutions face in their AML compliance efforts.
To read the full blog visit: https://www.jadethirdeye.com/resources/blog/building-effective-transaction-monitoring-systems
CUBE’s new product combines the best of CUBE into a simple solution for a growing market
LONDON, 08 April 2025
CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), has announced the launch of RegPlatform™ Intel, its latest purpose-built product to help financial services firms in the mid-market sector remain compliant in today’s ever-changing global regulatory landscape. CUBE now has an 800-strong customer community in the mid-market sector and has developed this solution to bring a powerful mix of regulatory technology, content and intelligence to compliance and risk teams across the globe.
CUBE’s next generation solution combines its innovative, market-proven AI-based technology with unmatched regulatory summaries and insightful analysis curated by CUBE’s team of over 250 highly qualified regulatory subject matter experts, legal and compliance professionals. Built on the very latest technology and AI, CUBE’s RegPlatform™ Intel offers the highest levels of reliability and performance which have become synonymous with CUBE’s industry proven enterprise capability.
Commenting on the launch of CUBE’s RegPlatform™ Intel, CUBE’s Founder & CEO Ben Richmond, said: “RegPlatform™ Intel is a simple, secure and highly effective solution for the thousands of businesses that operate in the mid-market sector. With the significant investment we have made and our proven track record in regulatory intelligence we believe this will be transformative for mid-market compliance and risk professionals across financial services. It’s been purpose built for them and will be the most modern and intuitive solution on the market.”
RegPlatform™ Intel has been created for CUBE’s global base of financial services firms, across the mid-market sector, including regional and community banks, wealth managers and asset managers. It is a highly effective solution which enables customers to quickly realise value, often in minutes, demonstrating how user-friendly the solution is for compliance and risk professionals in need of a fast and reliable way to address their regulatory needs.
Discussing the mid-market opportunity, Richmond added: “We’re often recognised for our work with customers in the enterprise sector; where we provide end-to-end regulatory intelligence and change management for some of the world’s largest financial institutions, but we also see a significant demand for our capability with customers in the mid-market sector.”
The solution is the latest in the RegPlatform™ family, building on the success of RegPlatform™ Enterprise. It brings together the powerful combination of CUBE’s enhanced capabilities following the acquisition of two US-based regulatory businesses in 2024 (Reg-Room and the Thomson Reuters Regulatory Intelligence and Oden products and businesses).
There are additional solutions expected to join the RegPlatform™ family during 2025.
For further informationCUBE: CUBE@wearebluejohn.com
About RegPlatform™ Intel
RegPlatform™ Intel is CUBE’s AI-powered regulatory intelligence solution for mid-market firms. Purpose-built, the next generation solution helps compliance and risk teams cut through the regulatory noise with daily regulatory news, updates and analysis, customisable alerts, expert interpretation, and the broadest possible access to industry regulatory content.
The solution provides a bird’s eye view of a firm’s regulatory compliance landscape. Based on a personalised profile, it manages the flow of regulatory information to enable the user to create unique dashboards and features that create their own bespoke compliance companion.
RegPlatform™ Intel has unrivalled knowledge of regulatory changes gathering real-time intelligence from a team of subject matter experts with years of experience located across the world. It provides the latest updates in the platform or direct to the inbox or mobile with the highest levels of support.
To attend a tech talk webinar on 23 April 2025, register your interest here (for 11:00 EST / 16:00 BST) or here (for 19:00 EST / 09:00 BST).
About CUBE
CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and RegPlatform™ which tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes. Following the strategic partnership with Hg in March 2024, CUBE announced the two acquisitions of US-based Reg-Room and the Thomson Reuters Regulatory Intelligence and Oden products and businesses in May 2024. cube.global
Sydney, Australia – 31 March 2025 – The RegTech Association (RTA) is pleased to announce the appointment of Simon Callaghan as its new Chief Executive Officer, effective Monday 7 April 2025.
Simon has 20 years' professional experience across emerging technologies, across tech services firms, industry associations, academia, government, and as a founder. Simon has worked in RegTech, fintech and digital currencies since 2015 delivering enterprise-wide transformations to some of the world's largest banks and financial services firms, before working for Austrade at the Australian Consulate in New York.
Simon later led Asia for a global crypto unicorn, led the Cambridge Digital Assets Programme within the Judge Business School, before returning to Australia as Chief Executive Officer of Blockchain Australia.
Simon joins The RegTech Association most recently as a Senator's advisor. He holds Masters degrees from the University of Cambridge, Brown University, Carnegie Mellon University, and an MBA from AGSM. He has interned at the UN Headquarters in New York and the Cambridge Centre for Alternative Finance.Simon holds Masters degrees from the University of Cambridge, Brown University, and Carnegie Mellon University, as well as an MBA from AGSM. He has interned at the UN Headquarters in New York and the Cambridge Centre for Alternative Finance.
The RegTech Association would like to thank outgoing CEO Deborah Young for her leadership with the RTA, its members and the RegTech sector. Deborah helped to establish the RTA as an advisor in 2017 and was appointed as CEO in 2018. Deborah will be joining the RTA’s Advisory Committee.
Simon will be joining the RTA team at the #ACCELERATERegTechGlobal APAC event in Sydney on Tuesday 8 April, where members and stakeholders will have an opportunity to meet him.
The RegTech Association With a clear vision to be a global centre of excellence by facilitating the building of higher performing, ethical and compliant businesses through RegTech innovation and investment, The RegTech Association was founded in 2017 as a non-profit organisation that focuses on what is needed to support the growth of the sector and to accelerate RegTech adoption. We support our members to embrace and adopt best practice Environmental, Social and Governance principles.
The association brings together government, regulators, regulated entities, professional services and founder-led RegTech companies to ensure collaboration between all of the parties, promoting the RegTech industry as widely as possible, resulting in action in the uptake of RegTech proof of concepts and deployed RegTech solutions across the ecosystem.
The RegTech Association is pleased to announce the finalists for the 2025 APAC Region RegTech Awards, recognising excellence, innovation, and impact across the RegTech ecosystem.
This year’s awards celebrate achievements in three categories:
RegTech of the Year – APAC Region
RegTech Startup of the Year
RegTech Social Impact of the Year
The judging panel dedicated significant time to reviewing each submission, and the standard of entries was exceptionally high. Our sincere thanks to the judges for their thoughtful consideration and expertise. Their decisions were not easy, with so many strong contenders demonstrating the rapid growth and maturity of the sector across the region.
Arctic Intelligence
Auraya
CUBE
Data Zoo
Encompass Corporation
FNA
IDVerse
Ingenuous
Kinatico
LeapXpert
MyComplianceOffice
RegCentric
Skyjed
Assuredly
Bluline Technologies
FCC Analytics
Dodgy or Not?
nTrustus
WUNA
Congratulations to all of this year’s finalists. Your work continues to shape the future of RegTech, and we are proud to recognise your contributions.
Winners will be announced at #ACCELERATERegTechGlobal APAC on 8 April 2025, hosted at Deloitte in Sydney. This full-day event brings together leaders from across the ecosystem for a series of roundtables, showcases, and the RegTech Awards ceremony.
Tickets are limited and selling fast – register now to secure your spot.
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For media enquiries or more information, please contact: members@regtechglobal.org
Ongoing monitoring is a term used often in the AML space, but it covers many different activities.
International standards set by the Financial Action Task Force (FATF) mandate that firms should “Conduct ongoing due diligence on the business relationship and scrutiny of transactions undertaken throughout the course of that relationship to ensure that the transactions being conducted are consistent with the institution’s knowledge of the customer, their business and risk profile, including, where necessary, the source of funds.”
Regional guidance for Australia, New Zealand and the United Kingdom specifies the ongoing monitoring of customer relationships, including transaction scrutiny and keeping customer due diligence (CDD) information updated.
Read the full blog here: https://www.jadethirdeye.com/resources/blog/customer-screening-what-does-good-look-like
Outdated processes cost banks time and money; EC360 delivers 59% incremental efficiency gains by implementing CDI
4th February 2025, London, UK – Encompass Corporation, a leader in KYC automation and corporate digital identity (CDI) has launched EC360, a ground-breaking platform designed to transform the banking sector. EC360 seamlessly integrates public and private data, providing a 360-degree view of corporate clients, and enabling fast, flawless, and frictionless identity verification.
In a world where rising client expectations and fierce competition are reshaping the financial landscape, the ability to quickly and accurately verify corporate client identities has become a key differentiator. CDI offers a fresh approach and replaces cumbersome manual processes, enabling faster and more accurate KYC and client onboarding while improving operational efficiency. These advances not only streamline internal workflows but also enhance the overall client experience, positioning banks to better meet the needs of their corporate clients.
With EC360 the onboarding process is transformed through a suite of innovative solutions which include EC Public Automation, EC Private Outreach and EC CoorpID. These comprehensive solutions are designed to integrate into existing technology to complement and accelerate digital transformation initiatives. EC360 orchestrates and automates the collection, organisation, and consolidation of data from public and private sources, ensuring compliance and meeting business requirements. Its data-agnostic approach allows banks to tailor the information they wish to collect, integrating real-time inputs from registries, law enforcement, regulators, stock exchanges, secure client outreach and other sources.
Banks are drowning in outdated processes and legacy systems, unable to keep up with escalating regulatory demands and mounting client expectations, said Wayne Johnson, CEO and Co-founder of Encompass Corporation. EC360 is not just a platform; it is a blueprint for the future of banking. It seamlessly automates the collation of real-time data and documents and supplements this with private information securely sourced from the client. This results in comprehensive, ready-to-use digital risk profiles that eliminate manual processes, enhance decision-making, and ensure compliance. Built with scalability, security, and reliability at its core, EC360 enables global banks to provide consumer-class service experiences to corporate clients worldwide.
Outdated manual processes, legacy systems, and a complex web of escalating regulatory demands are straining banks’ ability to meet rising client expectations. These inefficiencies frustrate both banks and clients, driving the need for innovative solutions. By automating identity validation and verification, EC360 offers a solution that not only addresses these pain points but also unlocks new opportunities for growth and operational excellence.
This automation reduces the time and resources required for onboarding, cutting operational processes by up to 32% compared to traditional manual methods that average 51 hours per client at Tier 1 banks. By streamlining workflows and minimising errors, EC360 helps banks achieve unparalleled efficiency gains starting with 21% in year one to 59% in year five from implementing CDI, enabling them to allocate resources to strategic initiatives that drive innovation and revenue growth.
For CEOs, COOs, and heads of digital transformation, EC360 delivers a comprehensive solution that streamlines operations, strengthens compliance, and elevates client experience. The impact is transformative which provides the following:
The EC Public Automation solution hosted by EC360 collates and integrates crucial public data and documents needed for KYC. EC360 standardises data and resolves inconsistencies, delivering actionable insights and complete beneficial ownership hierarchies. Additionally, the ‘EC Private Outreach’ solution allows banks and their clients to share sensitive documents with full control over access, ensuring both privacy and security via a secure digital vault.
At Encompass Corporation, our goal has always been to empower banks to optimise their KYC processes, strengthen risk management, and meet compliance standards—all while driving greater efficiency. With EC360, we’ve designed a solution that delivers this transformative approach. The time to act is now and as banking continues to evolve, so must the systems that support it. Wayne Johnson concluded.
Encompass enables fast, accurate identity validation and verification of corporate customers, and a gold standard approach to KYC. Our award-winning corporate digital identity (CDI) platform incorporates real-time data and documents from authoritative global public data sources and private customer information to create and maintain digital risk profiles.
With Encompass, the world’s leading banks improve customer experience and increase business opportunities through consistent regulatory compliance and risk mitigation.
4 Feb 2025, London UK - The RegTech Association member Encompass Corporation, a leader in KYC automation and corporate digital identity (CDI) has launched EC360, a ground-breaking platform designed to transform the banking sector. EX360 seamlessly integrates public and private data, providing a 360-degree view of corporate clients, and enabling fast, flawless and frictionless identity verification. Read more.
$20 million round enables communications leader to scale its footprint, addressing essential governance needs in the financial sector and beyond
New York, NY – January 21, 2025 – LeapXpert, the responsible business communication pioneer, today announced it has secured $20 million in Series B funding. The funding round was led by Portage, with participation from existing investors, including Rockefeller Asset Management, Uncorrelated Ventures, and the Partnership Fund for New York City.
LeapXpert continues to see strong and growing demand for its communication platform among hundreds of leading financial institutions, Fortune 500 companies, and enterprises worldwide. The company is on track for profitability this year.
“We are excited to lead this Series B investment round in LeapXpert,” said Ricky Lai, Partner at Portage Ventures, who joined the company’s Board of Directors. “We believe that LeapXpert’s innovative platform addresses a critical need of the modern workplace for governed communications across messaging channels. With exceptional leadership and a proven track record, we believe the company is well positioned as a market leader. We look forward to supporting their continued transformation of business communication and driving global expansion.”
The LeapXpert Communications Platform redefines how businesses communicate, enabling relationship owners to engage clients on their preferred platforms while ensuring governance, compliance, and security. This award-winning, cloud-based solution facilitates seamless and governed communication across modern channels without compromising on enterprise control, data retention, security needs, or regulatory requirements. The platform integrates seamlessly with popular messaging channels including iMessage, WhatsApp, SMS, Telegram, WeChat, Signal, and LINE on the client side, alongside enterprise platforms such as Microsoft Teams, Slack, Salesforce, and dozens more on the corporate end, bridging the gap between consumer-first and enterprise-grade systems.
“This latest funding round fuels our growth trajectory as we scale to meet the surging demand for our solutions," said Dima Gutzeit, Founder and CEO of LeapXpert. "We've solidified our position as the industry's trusted partner and de facto standard for enterprise-grade governance and compliance across modern communication channels. With this investment, we'll expand our reach, accelerate product innovation, and empower businesses to optimize the ways they communicate and unlock the full potential of their relationship and communication data.”
“We're on a mission to bring the benefits of governed modern communications to businesses around the globe,” said Avi Pardo, Co-founder and Chief Business Officer at LeapXpert. “Beyond the pressing need in financial services, we now see growing interest in many additional vertical markets. We are committed to accelerating our global expansion, boosting our sales efforts, enhancing our marketing initiatives, and strengthening partnerships across key regions. “At the same time, we’re strengthening our customer success framework to empower our growing customer base to fully harness the potential of our platform, further cementing LeapXpert's leadership in responsible business communications.”
Previously named a Gartner Cool Vendor, LeapXpert was recognized as a Visionary in Gartner’s new Magic Quadrant for Digital Communications Governance and Archiving (DCGA) published earlier this month. The company also ranked #14 in New York City and #113 overall on Deloitte’s Fast 500 list of America’s fastest-growing tech companies for 2024. Additional recent accomplishments included being named Microsoft Partner of the Year three years in a row and winning the Best Unified Communications Platform<$250M for 2024.
About LeapXpert
LeapXpert, the responsible business communication pioneer, provides enterprises with peace of mind through governed, compliant, and secure communication solutions. The LeapXpert Communications Platform enables governed and efficient communication between employees and clients through consumer messaging channels, while boosting productivity and decision-making with Communication Intelligence. The company is headquartered in New York, with offices in London, Tel Aviv, and Asia. Hundreds of enterprise customers, with hundreds of thousands of users in more than 45 countries, depend on LeapXpert daily for Digital Communications Governance & Archiving (DCGA) solutions. For more information, visit www.leapxpert.com.
Contact information Ari Applbaum media@leapxpert.com +972-54-444-8654
About Portage
Portage is a global investment platform focused on FinTech and Financial Services with over US $2.5 Billion assets under management. Our team partners with ambitious companies across all stages, through Portage Ventures and Portage Capital Solutions. We provide flexible capital and deliver a global network of investors, commercial partners, advisors, and value creation experts. With deep industry knowledge and entrepreneurial experience, Portage is committed to supporting the leaders who are reshaping financial services.
Portage operates in the United States, Canada and Europe. Portage is a platform within Sagard, a global multi-strategy alternative asset management firm with over $27B under management. For more information, visit www.portageinvest.com.
Ozone API strengthens its existing presence in Australia through new partnership with ProductCloud.
Both companies are experts in the field as founding members from each team played an instrumental role in the initial development of open banking standards and Consumer Data Rights in their respective markets.
With non-bank lenders now needing to comply with the Consumer Data Right, this partnership delivers a fast, efficient path to compliance.
28 January 2025, London – Ozone API, a global leader in open banking technology, announces today its strategic partnership with ProductCloud, a platform that streamlines product information management. The new partnership will help Australian companies simply comply with the Consumer Data Right legislation, providing a technology platform which removes complexity and enables them to rapidly deliver open APIs aligned to the latest version of Australian Consumer Data Standard.
This comes as the Australian Government recently announced a series of changes to the Consumer Data Right (CDR), an opt-in service that empowers consumers to share their data securely, with full control and transparency over who it’s shared with and why. These latest updates simplify requirements for accredited banks when checking or seeking consumers’ data for providers. The CDR framework aims to serve consumers better, improving overall consumer experience.
With non-bank lenders now needing to comply with these regulations, Ozone API and ProductCloud offer a unique combined proposition enabling relevant organisations to meet open banking regulations; quickly and cost-effectively. Ozone API’s solution is already CDR-compliant.
The founding teams of both Ozone API and ProductCloud have a shared heritage, having both played formative roles in the development of standards. The Ozone API founding team led the design and development of the UK open banking standards, whilst the founding team of ProductCloud helped author the Australian Consumer Data Standards.
With ProductCloud, Ozone API is working alongside a trusted partner with a deep understanding of the open banking landscape in Australia. Sharing knowledge of their respective markets, both companies remain one step ahead of their competitors while providing the best-in-class experience for customers.
Huw Davies, Co-founder and CEO, Ozone API says, “Our platform is already helping banks and financial institutions around the world to deliver standards compliant with open banking APIs, including in line with the CDR standard. We’re really excited to combine our global expertise in open finance with ProductCloud’s innovative product management platform. Together, our solutions remove the complexity of achieving and maintaining CDR compliance, allowing organisations to focus on their core business.”
Mark Evans, Co-founder and CEO of ProductCloud said, "Since launching ProductCloud back when CDR kicked off, we had our sights on being the go-to Product Information Management and CDR Compliance platform for Financial Institution Product Managers. Partnering with Ozone API is an exciting development because they have also been a pioneer in Open Finance. Collaborating with our respective SaaS platforms and out-of-the-box APIs will provide a unique offering for rapid and cost-effective open banking compliance."
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About ProductCloud
ProductCloud, an Australian-based fintech established in 2020, is the leading cloud-based SaaS platform for mastering and integrating financial institution product information.
Developed by a founding team that was instrumental in creating the Consumer Data Right (CDR) standards, it assists product teams in managing their portfolios while ensuring compliance with CDR, Design and Distribution Obligations (DDO), and expanding regulatory obligations.
Learn more: https://www.productcloud.com.au
About Ozone API
Ozone API empowers banks and financial institutions to adapt and thrive in the new world of open data, by providing the technology to unlock the power of open finance and change the world.
The UK-based fintech is the leading standards-based open API platform, supporting all global standards and providing the tools and expertise to help banks and financial institutions create real commercial value.
With a founding team that originally worked at OBL on the development of the UK open banking standards, Ozone API continues to shape global open finance helping regulators, banks and technology platforms to accelerate open finance.
Learn more: https://ozoneapi.com
© 2023 The RegTech Association
