OpenPayd launches InstantFX offering real-time FX

Banking service provider OpenPayd has launched InstantFX, a foreign exchange product providing clients with real-time trading said to out an end to the need for batch processing.

GoBear sacks a tenth of its workforce because of Covid-19

Singapore-based FinTech GoBear is having a year of ups and downs, having raised a $17m round in May and it now announcing that it has axed roughly 11% of its workforce.

SEC sues investment advisers for allegedly misrepresenting its services

The Securities and Exchange Commission has filed an emergency action against Florida-based investment adviser Coral Gables Asset Management because of an alleged fraudulent offering.

userlane said to secure €10m in a Series B round

Digital adoption software platform userlane has reportedly secured a €10m Series B round to support its European expansion.

EY reportedly warned Wirecard that a KPMG audit lacked “context”

New reports suggest that Ernst & Young might have stepped in before KPMG published its independent audit of the collapsed FinTech giant Wirecard

Why the coronavirus cybersecurity boom won’t last

Cybersecurity companies may have benefited from the shift to remote working caused by Covid-19, but the growth of the market could be about to slow down as businesses tighten their IT budgets.

Kidbrooke’s founder reveals why he’s bullish about the company’s future despite Covid-19

While many businesses may worry about the global pandemic, Kidbrooke's co-founder Fredrik Davéus is optimistic about the future of the company.

Mobile phone phishing scams jumped by 37% in the first quarter of 2020

Hackers are targeting smartphones more and more as they launch phishing scams to gain accesses to companies' digital infrastructure, according to cybersecurity company Lookout.

Prospa shares jump 25% after being granted access to the Australian government’s SME Guarantee...

FinTech Propsa has been granted access to the federal government’s SME Guarantee Scheme and the markets seem to celebrate the stability this will mean for the company during the COVID-19 crisis.

MAP FinTech launches AI-powered solution to boost anti-money laundering compliance

RegTech venture MAP FinTech has unveiled its latest solution to help financial services firms monitor and screen transactions in order to prevent money laundering.

News Stories

IDnow could have achieved “game-changing” first with new AI identity verification product

RegTech IDnow has unveiled its new identity verification product AutoIdent Substantial.

Global cyber insurance market’s revenue expected to reach $70.67bn in 2030

The global cyber insurance market's revenue is expected to grow at a massive 26.3% compound annual growth rate in the next ten years to reach $70.67bn in 2030.

Executives plan to increase cybersecurity budgets

New PwC research reveals executives plan to invest more in cybersecurity as the fallout of the pandemic makes hack attacks more likely.

Web application hack attacks jumped by 800% in the first six months of 2020

New research reveals that web application attacks increased by 800% between January and June in 2020, compared to the same period in 2019.

Revolut is expanding Revolut Junior so more adults can control children’s finances

Revolut has added the option for a second parent to supervise children's Revolut Junior accounts.

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