Singapore regulator slams UBS with $11.2m fine for “unacceptable” deceptive behaviour
UBS has landed it legal hot waters in Singapore after its employees overcharged and failed to be transparent to clients. The Monetary Authority of Singapore... Read More
Standard Chartered and Quantexa join forces to tackle financial crime with contextual decision intelligence
Having partnered up with HSBC in September, Quantexa is now going to provide its contextual intelligence software to help international banking group Standard Chartered prevent financial... Read More
Cybersecurity training platform Immersive Labs scores $40m Series B
Immersive Labs, a cybersecurity education platform for employees, has scored $40m in a Series B round. The investment was supplied by Summit Partners and existing... Read More
US regulator SEC extends MiFID II relief period for three years
Assist market participants in the US can breathe a little easier after the top securities regulator extended the period they have to comply with the... Read More
UK MPs call for sanctions and payment delays to combat fraud
UK MPs call for sanctions on banks failing to meet deadline for new account check rule and to implement 24-hour delay on payments to help... Read More
The EBA urges the European Commission to do more to enable FinTech services to operate across borders
European FinTech is thriving. However, The European Banking Authority (EBA) believes the European Commission should do more to make it flourish across the EU. In... Read More
ECB top: “Libra has undoubtedly been a wakeup call for central banks and policymakers”
Benoît Cœuré, executive board member of the European Central Bank, has told the German Bundestag that stablecoins like Facebook’s Libra initiative come with both risks... Read More
CyberFortress bags $3m to help boost cyber insurance cover for SMEs
CyberFortress, an insurance platform protecting e-commerce companies from cyber threats, has bagged $3m in a seed round. The investment was co-led by Greycroft and LiveOak... Read More
Identity platform Axuall collects $3m in seed funding
Axuall, a digital network for verifying identity, credentials, and authenticity in real-time, has collected $3m in seed funding. The capital injection was led by JumpStart,... Read More
Online ID platform Berbix closes seed round on $2.5m
Berbix, an online identity verification platform, has closed a $2.5m seed round to support further partnerships within the market. Y Combinator, Initialized Capital, Fika Ventures,... Read More
