Sector Updates

Digital Asset, a newly-launched company aimed to improve trading through blockchain technology, has racked up $60m in its first financing round.

Switzerland-based Foxstone, which offers a real estate crowdfunding platform, has reportedly raised CHF 10m ($10m) in its Series A.

Insurtech startup Amodo has raised $500,000 from Austrian venture capital firm Speedinvest to support its international expansion.

MONETA Money Bank is set to acquire Czech-based Air Bank and a number of Home Credit’s businesses.

Varo Bank, which claims to be the first all-digital nationally chartered bank in the US, has raised $510m in an oversubscribed funding round.

Finclusion Group, which aims to boost financial inclusion in sub-Saharan Africa, has reportedly secured $20m to support enterprise development in the region.

In a hyperconnected and digital world, the importance of KYC and AML in finance cannot be understated. For banking, what do these processes include?

Coro, a cybersecurity platform, has pulled in $75m from its latest funding raise to bring its total funding over the last year to $155m.

The US Securities and Exchange Commission (SEC) has proposed changes to rules and reporting around environmental, social, and governance (ESG) investment practices.

Organisations worldwide are increasingly seeking ways to optimise their customer risk assessment (CRA) and anti-money laundering (AML) risk management strategies. Implementing effective CRA and AML procedures plays a crucial role in providing an accurate analysis of the potential risks that new clients might pose.