Company News

As part of Facebook’s rebrand to Meta, it has also changed the name of its FinTech services from Facebook Financial to Novi.

The US Securities and Exchange Commission (SEC) has slapped a $10m fine on crypto firm Poloniex for operating an unregistered cryptocurrency exchange.

Cryptocurrency financial services platform FalconX has lifted its valuation to $3.75bn following a $210m capital raise in its Series C.

Ho Chi Minh-based digital bank Timo has teamed with software-as-a-service banking platform Mambu to scale its business.

Consumer antivirus company NortonLifeLock has entered an agreement to purchase competitor Avast in a deal valued between $8.1bn and $8.6bn.

Employee benefits business Gusto has reeled in $175m from a Series E funding round led by T. Rowe Price Associates.

The proliferation of internet banking and digital sharing have made it easier than ever for fraudsters to attack financial institutions and organisations must use sophisticated methods to prevent financial crime and risky activities.

Communication tools have saved the day for businesses after the Covid-19-induced global lockdown. Therefore, organisations must fully understand the regulatory guidance on security and privacy so they can continue to implement and expand their use of tools such as Zoom and MS Teams.

US firm Kroll has introduced Kroll Business Connect, a new know-your-customer (KYC) tool to bolster the onboarding efficiency and KYC checks.

Indian international financial services centre Gift City and the India InsurTech Association (IIA) have partnered to strengthen FinTech use in the InsurTech market.