FCA probes UK neobank Monzo over potential money laundering breaches

Digital bank Monzo is being investigated by the Financial Conduct Authority (FCA) over potential breaches of financial crime regulations.

BehavioSec enhances its technology with industry-first service

Behavioural biometrics and continuous authentication developer BehavioSec has extended its patented technology to provide customers with more advanced behavioural biometrics.

Socure releases industry first tools for its KYC solution

RegTech unicorn Socure has released new technology that extend the capabilities of its KYC solution, including a number of industry firsts.

BlackCloak pulls in $11m in its Series A funding round

BlackCloak, a cybersecurity platform to protect executives and high-profile individuals, has netted $11m in its Series A round.

Here are the top 26 CyberTech unicorns you should know about

The list of CyberTech unicorns is continuing to grow rapidly. Over the past 18 months, cybersecurity systems have only become more important, with firms posed with new landscapes and a rise in threats.

SEC slaps 27 financial firms with fines for lax CRS filing and delivery

The Securities and Exchange Commission (SEC) settled charges with 21 investment advisors and six brokers, claiming the firms had failed to “timely file and deliver” their Form Customer Relationship Summaries (CRS) to investors.

LogicGate scores $113m in its Series C funding round

Transformative risk and compliance solution developer LogicGate has raised $113m in its Series C funding round.

UK reports a staggering £5.7m in cybercrime financial loss so far this year, study...

British people and businesses have suffered financial losses of £5.7m from a reported 14,883 cybercrime incidents since the start of the year, new study found.

ESMA urges European Commission to move to next phase for certain MiFID II/MiFIR changes

The European Securities and Markets Authority (ESMA) has encouraged the European Commission to move to stage three for the transparency requirements under MiFID II/MiFIR. This...

FRISS collects $65m in its Series B funding round

FRISS, an AI-powered end-to-end fraud prevention and detection solutions for P&C insurers, has collected $65m in its Series B round.

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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