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?

News Stories

Microsoft underlines heightened concern from call centre ransomware scheme

Microsoft has claimed a ransomware campaign employing bogus call centers to trick victims into downloading malware may be more dangerous than previously thought.

Crypto banking platform Matrixport hits unicorn status

Matrixport, which claims to be one of Asia’s fastest growing digital asset platforms, has joined the unicorn club, after it closed a Series C round.

Flood insurance firm reThought Insurance bags Series A funding

reThought Insurance, a digital MGA aimed at the flood insurance market, has closed its Series A round on $15.5m.

India unveils new digital currency, Nigeria eyes e-currency launch in October 2021

India has introduced the e-RUPI, which is a cashless and contactless digital payment system to support the global shift towards digital payments.

Amazon slapped with record $887m fine for data privacy breach by EU agency

Amazon has been issued with a fine of $887m by a European privacy watchdog for breaching the bloc’s data protection laws.

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