Cyber risk greater threat than a financial crash, Federal Reserve chair warns
The chairman of the US Federal Reserve Jerome Powell has claimed he is more worried about cyber risk than the possibility of another financial crash.
Canadian VC firm closes third investment fund, raises $101m
FinTech-focused VC company Information Venture Partners has closed its third investment fund and has raised a total of $101m.
PayPal, Google Cloud expand partnership to bolster transactional data scale
Payments juggernaut PayPal has strengthened its partnership with Google Cloud to help it process transactional data at a larger scale.
Contactless payment market anticipates soaring growth into 2025
A study has found the mobile contactless payment market is expected to grow by 24% in 2021 to around $2.489trn.
Crypto firm Circle closes $440m funding round
US cryptocurrency company Circle has raked in $440m from a funding round.
Bottlepay unveils cross-border payments app in Europe
Real-time global payments system Bottlepay has rolled out its payments app across Europe.
Hello Alice secures $21m Series B to bolster team, capital access
US business platform Hello Alice has raked in $21m from a Series B funding round led by QED Investors.
HKMA unveils new guide to aid banks with RegTech solution implementation
The Hong Kong Monetary Authority (HKMA) has introduced a Regtech Adoption Practice Guide that aims to offer banks with guidance on how to implement RegTech solutions.
HKMA sets out four-step initiative to drive bolstered RegTech adoption
The Hong Kong Monetary Authority (HKMA) has outlined four actions to promote the use of RegTech in the Hong Kong banking sector.
What will the new face of the office be after Covid-19?
When the coronavirus pandemic spread like wildfire in the early months of 2020, many companies and individuals alike had no idea what was to come – and how their work lives would change. With widespread vaccines, many companies are beginning to open up again, but what will be the ‘new normal’ for the financial sector in terms of working arrangements?
