Altoona First Savings Bank picks CSI for its cybersecurity and IT risk compliance initiatives

Pennsylvania-headquartered Altoona First Savings Bank has chosen FinTech and RegTech developer Computer Services, Inc. (CSI), to increase its operational efficiencies and strengthen its regulatory compliance initiatives related to cybersecurity and IT risk management.

Chime runs 60% of the US digital banking market

Revolut, N26 and Monzo might have entered the US over the years to some extent, but Chime is still dominating the country’s digital bank market.

FinTech investor FinTLV follows triple unicorn backing with $120m second fundraise

Israel-based venture capital house FinTLV has raised $120m for its second fund targeting global growth-stage insurtech and fintech companies.

AMTD Digital said to be acquiring controlling stake in PolicyPal

AMTD Digital is reportedly set to acquire a controlling stake in PolicyPal, an InsurTech startup which helps consumers buy, manage and claim.

UK-headquartered H4 closes $27m funding round

H4 which creates and analyses documents, has closed a $27m funding round from J.P. Morgan, Goldman Sachs, Barclays and Linklaters.

Rabobank launched new €60m investment vehicle to back FinTech

Rabobank has launched a new €60m strategic investment vehicle which will back early-stage FinTech and food and Agri companies.

Big banks reinvest in Symphony Communications through new $165m round

Venture capital-backed secure messaging app Symphony Communications has brought its total capital raised to more than $460m thanks to a new round led by Standard Chartered and MUFG Innovation Partners.

Axiom launches GDPR compliance solution for ‘vast readiness gap’

Axiom, a provider of technology-enabled legal and contracting solutions, has launched a new regulatory compliance solution to help companies prepare for the General Data Protection Regulation (GDPR).

Stealth mode FinTech Uni reportedly closes seed round

Uni, a credit card company which is currently in stealth mode, has reportedly raised $18.5m in a funding round.

Barclaycard’s early data finds that SCA has not had any bad impact, yet

The new strong customer authentication (SCA) rules snapped into force this weekend. However, Barclaycard has so far not seen any an increase of abandoned transactions or declined payments.

News Stories

Cyber startup Saporo nets $2.7 pre-seed financing

Swiss cybersecurity company Saporo has raised $2.7m in pre-seed funding round led by Session VC and Lightbird Ventures.

Laka scores €10.6m funding to advance bicycle insurance offering

Bicycle insurance platform Laka has raised €10.6m in a Series A round of funding led by US mobility investor Autotech Ventures.

Tuum lands €15m from Portage Ventures-led Series A

Core banking platform Tuum has scored €15m in a Series A round of funding, with Portage Ventures leading the round.

Australian FinTech funding more than doubled in 2021 to hit $3.8bn

Australian FinTech deal activity more than tripled last year to 205 transactions

Security startup Slim.AI secures $31m Series A

Cloud-native security firm Slim.AI has bagged $31m from a Series A funding round co-led by Insight Partners and StepStone Group.

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