Value of AML fines grow fivefold in 2020
There were 45 fines for AML failures issued globally during 2020, which matched the levels of 2019, and 2021 looks set to match this figure, according to a report from Kroll.
InsurTech market expected to generate over $158bn by 2030
A report published by Allied Market Research has detailed that the InsurTech market is expected to garner $158.99bn globally by 2030.
PayPal to allow UK users buy, hold and sell cryptocurrencies
PayPal’s UK customers can buy, sell, and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
Klarna expands European presence with Poland launch
Buy now, pay later (BNPL) firm Klarna teamed with H&M to launch its app and its Pay in 30 days BNPL option in the Polish market.
Drake-backed FinTech Aspiration set for IPO through SPAC merger
Sustainable FinTech platform Aspiration is set to go public through a $2.3bn merger with special purpose acquisition company InterPrivate III Financial Partners.
Hackers stole personal data from over 40 million T-Mobile customers in ‘sophisticated cyberattack’
Data from 40 million former and prospective T-Mobile customers was compromised by hackers as part of a recent breach of the telecom giant.
Mobility insurance platform DigiSure comes out of stealth with $13.1m funding
San Francisco-based mobility insurance platform Digisure launched its embedded protection platform following a $13.1m funding round led by Morado Ventures.
Ex-Lazada execs’ insurance marketplace Lifepal fetches $9m in funding
Indonesian digital direct-to-consumer (D2C) insurance marketplace Lifepal raised an oversubscribed $9m Series A funding round, bringing the total capital raised to $12m.
CISA offers government and private sector guidance on ransomware prevention
The US Cybersecurity and Infrastructure Security Agency (CISA) has shared guidance on how the government and private sector can prevent ransomware data breaches.
Mosaic, DXC team to launch new speciality InsurTech platform
Mosaic Insurance and end-to-end IT services firm DXC Technology have partnered to launch a new insurance technology platform.
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