What’s the biggest challenge facing RegTechs during lockdown?

While social distancing rules may be easing in some regions of the world, other countries are contemplating reinstating lockdowns. So what does that mean for RegTech companies?

Paynetics buys Wirecard’s corporate card portfolio

FinTech Paynetics has acquired the corporate payout card portfolio of Wirecard UK and Ireland.

Australian FinTech and RegTech committee to seek more insights from the industry

Having published an interim report of its findings in September, the Senate Select Committee on Financial Technology and Regulatory Technology will conduct further consultations with the industry.

Firms paid $10.4bn in fines over the last year for breaking money laundering, privacy...

The total volume of fines levied against firms for breaking money laundering, data privacy, MiFID and know your customer rules jumped by 141% and amounted to $10.4bn in total so far this year.

Fund manager charged for defrauding retail investors to the tune of $58m

A fund manager has been accused of having defrauded retail investors by coercing them to invest $58m in two funds, despite having zero investment experience, the Securities and Exchange Commission alleged.

The FCA releases annual transparency calculations

The UK’s Financial Conduct Authority (FCA) has released the annual transparency calculations for UK equity and equity-like financial instruments, which will take effect on April 1 2021.

Singapore branch of Swiss bank fined for breaching anti-money laundering requirements

The Singapore branch of the Swiss wealth manager Bank J Safra Sarasin (BJS) was fined $750,000 by the Monetary Authority of Singapore (MAS) for serious breaches of anti-money laundering and countering the financing of terrorism (AML/CFT) requirements.

Cybersecurity platform Huntress lands $40m as it pursues to help SMEs tackle online threat

Threat detection and mitigation company Huntress scored a $40m Series B investment round led by JMI Equity.

Ransomware DarkSide made $90m in ransom payments, blockchain firm finds

Blockchain analysis firm Elliptic has discovered the DarkSide ransomware variant made an estimated $90m in ransomware payments since October 2020.

How can we remain cybersecure in the age of mass online participation?

As the number of people using services online has ballooned over the last year due to the onset of the Covid-19 pandemic, the threat posed by cybercriminals around the world has grown even stronger. How can companies and governments alike deal with this coming storm?

News Stories

FinTech-focused venture firm QED Investors closes fund on $1.05bn

Global FinTech-focused venture capital firm QED Investors has closed its seventh fund on $1.05bn, as it eyes opportunities in US, UK, Latin America and Southeast Asia.

Grow Credit secures $106.3m in seed round made of debt and equity

Grow Credit, which hopes to bolster financial inclusion, has netted $106.3m in its seed round, which comprised of debt and equity.

Kolide raises $17m in round led by OpenView Partners

Endpoint security platform Kolide has picked up $17m in its Series B funding round, which was led by Boston-based venture firm OpenView Partners.

Form3 raises $160m in its Series C round

Form3, a payment technology developer, has closed its Series C round on $160m, which will aid its geographical growth.

Foxquilt bags funding to bolster growth in US and Canada

North American InsurTech company Foxquilt has bagged $8m in a funding round that will support its expansion across the US and Canada.

See how insurance firms can use it to personalise their offering

Did you know that by 2025, almost 30% of all data created, captured, or replicated by consumer devices will be created in real-time.

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