Get the latest tech news

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


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

In a development that will surprise few, former WeWork CEO Adam Neumann’s climate/crypto/carbon-credit startup Flowcarbon appears to be in the process of curling up to die, Forbes reported today. After multiple rounds of layoffs in 2022 and 2023, Nuro is pivoting its business strategy to focus more on the startup’s core autonomous driving technology instead of owning and operating a fleet of low-speed, on-road delivery bots. Stefanos Loukakos, formerly a director at Meta’s business-focused Messenger division and, briefly, the tech giant’s blockchain org, noticed several years ago that online retailers were struggling to connect with potential shoppers.

Get the Android app

Or read this on TechCrunch

Read more on:

Photo of regtech

regtech

Photo of RegTech nightmares

RegTech nightmares

Photo of Novatus

Novatus

Related news:

News photo

London regtech GSS raises $47M to help banks screen for global sanctions