Daily Archives: August 17, 2021

South Korea’s Financial Services Commission (FSC) has revealed it is set to establish a virtual asset division within the Korea Financial Intelligence Unit (KoFIU).

Interpol has warned that organised crime groups are attempting to defraud governments by offering fake Covid-19 vaccine deals.

T-Mobile has confirmed it has suffered a data breach after hackers obtained records of up to 100 million of its customers and is offering to put them up for sale.

Digital investment app Bitpanda has more than tripled its valuation within four months, after a fresh funding round puts its enterprise value at $4.1bn.

Irish RegTech firm Fenergo has been successfully acquired by private equity firms Astrong and Bridgepoint in a $600m agreement.

Napier, a supplier of advanced anti-financial crime compliance tools, has implemented its AI technology into cryptocurrency payments service BCB Group, to improve anti-fraud capabilities.

A survey by Merchant Advice Service has found over £1bn is lost every year by online retailers due to a lack of available payment methods.

Jenfi, a provider of revenue-based financing and analytics, has reportedly collected $6.3m in its Series A round, which was led by Monk’s Hill Ventures.

InsurTech company Quotall has exceeded the target of its crowdfunding campaign, pulling in £356,581, at the time of writing.

PropTech company LendInvest has secured a partnership with banking giants HSBC and Barclays that will funnel ?150m into the UK property space.