Cybersecurity company Blackpoint lands $6M

Blackpoint, a cybersecurity company offering spread detection and network visualisation, has closed a $6m round of funding.

Brexit delays UK’s Financial Conduct Authority’s fact-finding mission about the wholesale market

The UK’s ongoing divorce negotiations with the EU have caused the Financial Conduct Authority (FCA) to postpone work about the risks of using data in the wholesale market.

VC-backed Invoice Cloud gets General Atlantic investment

Vertical software, billing, and payments solutions provider Invoice Cloud has seen global growth equity firm General Atlantic buy up a majority stake in the business.

PLUM Lending secures $2m as it looks to grow its network

PLUM Lending has received a $2m investment from Resolute Capital Partners, Soft Bank and Elliott Management.

Online lending platform LoanTap said to raise $6.25m in funding

India-based online lending platform LoanTap has reportedly collected $6.25m in a funding round led by Shunwei Capital.

CFTC slams trader with $10m fine

A US regulator has fined a commodity pool operator over $10m for allegedly filling misleading statements and failing to implementing an adequate supervisory system to prevent such misstatements.

PeerNova nets $7m to manage financial services’ big data

Big data service PeerNova has picked up $7m in a new round of venture funding. The round’s investors are undisclosed.

StarkWare pulls in $30m Series A round led by Paradigm

StarkWare, a blockchain-based platform which implements a zero-knowledge proof system, has collected $30m in its Series A.

UK banks stopped £820m worth of fraud in the first six months of 2019

The banking industry experienced a 14% jump in attempted fraud in the first half of the year, compared to 2018.

Data management startup QOMPLX closes Series A on $78.6m

QOMPLX, an intelligent decision platform, has closed its Series A round on $78.6m.

News Stories

InsurTech UK joins plea to protect British startups from being “wiped out” by the...

Several UK tech industry bodies are asking the government to do more to support the nation’s startups or risk having a generation of innovative ventures “wiped out.”

UK consumers put strong technology as main appeal for banks

UK consumers are placing strong technology as their biggest priority for banking, but digital banks need to be clear with their value offering to capitalise on this, according to Vilve Vene, CEO and co-founder of core banking platform Modularbank.

KPMG welcomes the FCA’s proposals to freeze payments to help people’s finances during the...

While KPMG understands the Financial Conduct Authority's (FCA) proposals to soften the financial blow of COVID-19, the professional services firm reminded the regulator that the crisis is not easy for banks either.

Insurers – the time to change is now! – ManageMy

With the world being forced to stay indoors and social distance, now is the time for insurers to focus on digitalising as we have “reached a tipping point”, according to digital experience platform ManageMy.

MAP FinTech launches AI-powered solution to boost anti-money laundering compliance

RegTech venture MAP FinTech has unveiled its latest solution to help financial services firms monitor and screen transactions in order to prevent money laundering.