Press Release
Singapore-based RegTech Start-up RegTank Secures $2M in seed funding
Singapore-based RegTech solution RegTank announced that it secured a $2M in funding from tech investors SuperChain Capital and IPB Capital. This is one of the largest seed funding rounds for RegTech companies in Asia. Founded by seasoned industry experts in 2020, RegTank will be using the funding to enhance its SaaS platform and deepen research into its patent-pending intelligent AML risk engine.
With the fast-changing regulatory landscape for Fintechs and financial institutions, RegTank provides an innovative risk-based approach (RBA) compliance solution integrating Know Your Customer (KYC) and Know Your Transactions (KYT) to provide a 360° risk profile by leveraging a smart risk assessment engine. KYC and KYT are combined into a single consolidated platform to offer the ultimate AML/CFT compliance solution. For an overview analysis of the individual’s risk level, a 360-degree risk profile of the clients are generated tracking risk across different transactions and over time. Lastly, firms can customize the smart risk assessment engine according to their business rules and enable automated workflow such as scoring and re-screening.
Building Asia’s Regtech infrastructure
Regtech helps with the management of regulatory processes within the financial industry. As compliance gets more complicated and complex due to the ever-changing regulatory landscape, there has been a surging demand for Regtech technologies. Quoting from the New RegTech Adoption Survey 2019 by RegTech firm Cube, 75% of financial institutions admit that their current processes and technology are hindering efforts to manage regulatory change effectively. For companies dealing with Virtual Assets, compliance teams often struggle with lean resources and fragmented systems aside looming regulatory pressures and security breaches. Therefore, one of the reasons for the rise of regtech adoption is because these innovative technologies can essentially replace the existing manual compliance process of many companies’ at a more efficient rate and even at a lower cost.
With the Global RegTech industry expected to hit USD$55.28B by 2025, RegTank is poised to capture a slice of the market share through developing cutting edge technologies. The future and sustainability of regtech firms are said to lie in data optimization. Given how fast the regulatory industry changes with new technologies and innovation, Regtech firms will need to be nimble and flexible to be ready to adopt breakthrough technologies to keep pace with such demands. Besides, Regtech companies will need to be proactive to ensure that their solution is up-to-date. It is said that Regtech firms that leverage on data analytics, AI and machine learning will have an advantage as analysis of the large volume of data to react to market changes remain and will be critical especially in the regulatory space.
“We believe that an integrated solution with an intelligent risk system can help clients improve efficiency and increase agility to comply with newer regulations. With this funding, we can double down on our efforts to achieve our mission of making Compliance easy.” – Megan Li, CEO of RegTank. RegTank is currently in the alpha stage with a couple of trial clients and will be officially launching beta soon into the market.
Reference
With the fast-changing regulatory landscape for Fintechs and financial institutions, RegTank provides a risk-based approach (RBA) compliance solution integrating KYC and KYT to provide a 360° risk profile by leveraging on a patent-pending smart risk assessment engine.
KYC and KYT are combined into a single consolidated platform to offer the ultimate AML/CFT compliance solution. For an overview analysis of the individual’s risk level, a 360-degree risk profile with risk score tagged to every client is incorporated into RegTank’s solution. Lastly, using the risk-based approach, different processes are implemented after clients are categorized into different risk levels to optimize efficiency.
Regtech helps with the management of regulatory processes within the financial industry. As compliance gets more complicated and complex due to the ever-changing regulatory landscape, there has been a surging demand for regtech technologies. Quoting from a survey done on financial institutions, 75% of them admit that their current processes and technology are hindering efforts to manage regulatory change effectively. Therefore, one of the reasons for regtech adoption is because these innovative technologies can essentially replace the existing manual compliance process of many companies’ at a more efficient rate and even at a lower cost.
According to Deloitte, the 5 main categories of Regtech are
- Compliance
- Identity Management and Control
- Risk Management
- Regulatory Reporting
- Transaction Monitoring
Currently, more companies are concentrated in the compliance landscape. The future and sustainability of regtech firms are said to lie in data optimization. Given how fast the regulatory industry changes with new technologies and innovation, regtech firms will need to be nimble and flexible to be ready to adopt cutting edge technologies to keep pace with such demands. Besides, Regtech companies will need to be proactive to ensure that their solution is up-to-date. It is said that Regtech firms that leverage on data analytics, AI and machine learning will have an advantage as analysis of the large volume of data to react to market changes remain and will be critical especially in the regulatory space.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
China, 12th Mar 2025, – Cloom Tech, a provider of custom wire harnesses and cable assemblies, has expanded its specialization in manufacturing custom wire harness assemblies for robotic applications. This development enhances the company’s ability to deliver wiring solutions tailored to the increasing demands of automation and robotics across industries such as manufacturing, healthcare, and aerospace.
With a focus on precision and durability, Cloom Tech now offers robotic wire harness assemblies designed to withstand continuous movement, high-speed operations, and harsh industrial environments. By integrating high-quality materials and quality control measures, the company ensures that each assembly meets industry standards and operational requirements.
“The expansion into robotic custom wire harness manufacturing aligns with the demand for reliable and flexible wiring solutions in automation,” said Ivy Zhao, spokesperson for Cloom Tech. “By refining expertise, the goal is to support industries that rely on robotics to enhance efficiency and operational precision.”
Robotic systems require specialized wiring solutions that can endure repetitive motion and mechanical stress while maintaining signal integrity. As automation advances, the need for custom wire harnesses capable of handling complex electrical connections has grown. Cloom Tech’s engineering and manufacturing processes ensure that clients receive solutions optimized for durability, flexibility, and performance reliability.
Each robotic wire harness assembly undergoes testing to verify electrical integrity and mechanical resilience. Cloom Tech employs manufacturing techniques to produce assemblies that meet industry regulations and client-specific design requirements. These solutions support robotic functionality in sectors such as industrial automation, medical robotics, and autonomous systems.
Beyond manufacturing, Cloom Tech provides design support for robotic wire harness solutions, assisting clients in optimizing specifications for their applications. The company’s engineering team works closely with clients to develop customized wiring configurations, ensuring integration with robotic systems. From prototype development to full-scale production, Cloom Tech maintains a structured process focused on quality and efficiency.
Cloom Tech continues to explore advancements in wire harness technology, including innovations in lightweight materials, shielding techniques, and integration with automation systems. As the robotics industry evolves, the company remains committed to delivering wiring solutions that align with technological developments.
“Cloom Tech is focused on advancing wiring solutions for automation,” added Zhao. “Through research and development, the objective is to provide connectivity solutions that contribute to robotics across industries.”
Cloom Tech’s expansion into robotic custom wire harness assembly manufacturing strengthens its role as a provider of wiring solutions for automation systems. By maintaining a commitment to quality, precision, and industry collaboration, the company continues to support technological advancements in robotic connectivity.
For more information about Cloom Tech’s robotic custom wire harness assembly manufacturer services and other wiring solutions, contact Cloom Tech at +86-311-86935537-6043 or sales@cloomtech.com. The office is located at 5th Floor, Building 5, Qiushi Electronic Science Park, Optics Valley Science Park, No. 99, Yuyuan Road, Luquan Economic Development Zone, Shijiazhuang, Hebei, China.
Media Contact
Organization: Cloom Tech
Contact
Person: Ivy Zhao
Website:
https://cloomtech.com/
Email:
sales@cloomtech.com
Contact Number: 8631186935537
Address:5th Floor, Building 5, Qiushi Electronic Science Park, Optics Valley Science Park, No. 99, Yuyuan Road
Address 2: Luquan Economic Development Zone, Shijiazhuang, Hebei, China
Country:China
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China, 12th Mar 2025, – Promax, a manufacturer of precision-engineered pogo pins and spring-loaded connectors, has introduced high-quality 2-pin magnetic connectors designed for reliable performance across multiple industries. The latest offering meets the demand for durable and efficient connectors in sectors such as consumer electronics, aerospace, and medical technology.
With more than 15 years of experience in connector manufacturing, Promax continues to develop magnetic connectivity solutions that ensure stable electrical performance and user-friendly designs. The 2-pin magnetic connectors are designed for secure connections, reducing wear and tear compared to traditional connectors. These products are suited for applications requiring seamless connectivity and ease of use.
Gavin, Manager at Promax, stated, “The introduction of the 2-pin magnetic connectors aligns with the increasing need for compact, reliable, and efficient connectivity solutions. The focus is on delivering precision-engineered products that enhance functionality and durability while addressing operational challenges. With expertise in high-quality manufacturing, these connectors meet industry standards and provide consistent performance in demanding environments.”
The 2-pin magnetic connectors incorporate a self-aligning mechanism that simplifies connections and minimizes the risk of damage due to misalignment. The design also enhances safety by preventing accidental disconnections, making them suitable for medical devices, portable electronics, and industrial equipment.
Promax’s production facilities comply with internationally recognized quality standards, ensuring that each connector meets rigorous testing requirements for electrical conductivity, durability, and environmental resistance. The use of advanced materials and engineering techniques contributes to product efficiency and longevity.
As industries evolve, the need for high-performance connectors that support miniaturization and advanced functionality continues to grow. The increasing adoption of wearable devices, smart home technology, and portable medical equipment highlights the demand for dependable connectivity solutions. Promax remains focused on addressing these technological shifts with innovative products designed for market needs.
Promax is also expanding its magnetic connector line to accommodate various power and data transmission requirements, ensuring compatibility with a broader range of applications. Gavin added, “Innovation in connectivity solutions remains a priority. Continued investment in research and design supports the development of enhanced product offerings that align with emerging industry trends. The objective is to remain a trusted partner for businesses requiring reliable and customizable connectors for advanced applications.”
Promax’s 2-pin magnetic connectors are available for commercial and industrial applications. The company collaborates with partners and clients worldwide to provide tailored solutions that meet specific design and operational needs.
For further information about the 2-pin magnetic connector, please contact Promax. The company can be reached by phone at +86 189 2659 5104 or via email at tonyhoo@promaxpogopin.com.
Media Contact
Organization: Promax
Contact
Person: Gavin
Website:
http://promaxpogopin.com/
Email:
tonyhoo@promaxpogopin.com
Contact Number: 8618926595104
Country:China
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
United States, 13th Mar 2025, – Yijin Hardware, a provider of precision manufacturing solutions, has expanded its expertise in acrylic CNC machining to address the increasing demand for high-precision components. The company’s development of advanced machining techniques and quality control processes supports industries such as aerospace, medical, and electronics in producing accurate acrylic components.
Acrylic CNC machining involves specialized processes to achieve precision, clarity, and durability. Yijin Hardware has refined its machining techniques to produce high-quality components with superior edge quality and tight tolerances. Multi-axis CNC milling and cutting technology are employed to ensure that each acrylic part meets industry specifications while maintaining optical clarity and smooth surface finishes.
“Acrylic CNC machining requires precise control to produce components that meet industry standards for clarity and durability,” said Gavin Yi, CEO of Yijin Hardware. “Through continuous advancements in machining technology and quality assurance, the company remains focused on delivering reliable acrylic parts for a range of applications.”
Yijin Hardware’s acrylic machining capabilities include prototyping, small-batch production, and large-scale manufacturing. Additional post-machining processes such as polishing, engraving, and bonding are integrated to align components with specific application requirements. The company follows stringent quality inspection protocols, including dimensional verification and optical clarity assessments, to ensure compliance with industry standards.
The increasing use of acrylic components in various industries highlights the need for reliable CNC machining solutions. Yijin Hardware continues to refine its acrylic machining processes to support technological advancements and evolving product designs.
“Manufacturing processes must continuously adapt to meet changing industry demands,” added Yi. “By enhancing machining capabilities and optimizing production techniques, Yijin Hardware remains committed to advancing acrylic CNC machining for high-tech applications.”
Yijin Hardware’s continued investment in acrylic CNC machining reinforces its role in precision manufacturing. The company’s focus on process improvements and quality assurance supports the evolving needs of multiple industries.
For inquiries about acrylic CNC machining and industry advancements, please contact Yijin Hardware by phone at +1 626 263 5841 or via email at yijing@yijinsolution.com. The company’s headquarters is located at 760 NW 10th Ave, Homestead, FL 33030.
Media Contact
Organization: Yijin Hardware
Contact
Person: Gavin Yi
Website:
http://yijinsolution.com/
Email:
yijing@yijinsolution.com
Contact Number: 16262635841
Address:760 NW 10th Ave
Address 2: Homestead, FL 33030
Country:United States
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Brand News 24.
It is provided by a third-party content
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warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Promax Specializes in High-Quality 2-Pin Magnetic Connectors
Cloom Tech Manufactures Robotic Custom Wire Harness Assemblies
Yijin Hardware Specializes in Acrylic CNC Machining for High-Precision Manufacturing
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