InsurTech BackNine exposes sensitive information of thousands of insurance applications after security breach
A security lapse at insurance technology startup BackNine exposed hundreds of thousands of insurance applications after one of its cloud servers was left unprotected on the internet.
Terraform Labs bags $150m in funding from major crypto players for DeFi Ecosystem Fund
Terraform Labs, the South Korean company behind the Terra public blockchain, has raised $150m from major crypto investors including Arrington XRP Capital, Pantera Capital, Galaxy Digital and BlockTower Capital.
Digital lender Blend Labs valued at $4bn in public debut
Shares of Blend Labs opened 11% above their offer price, giving the digital banking platform a valuation of about $4.4bn in its stock market debut.
Cognitive View considers funding for its global expansion
Founded in 2018, the Australian firm Cognitive View analyses customer communication data to identify conduct-related risk. The company – led by CEO Dilip Mohapatra – have had a busy last year, despite the challenges brought about by the pandemic. So what is next for the company?
Why Revolut and the CyberTech industry stand out from the 42 funding rounds raised...
FinTech companies continue to rake in millions of dollars with a slew of startups graduating to the unicorn club. The 42 ventures in the sector that topped up their accounts last week are proof of that.
Mastercard unveils new payment gateway to simplify Faster Payments access
Mastercard has launched a payment gateway created to provide easier access for companies that connect to the UK’s Faster Payments Network.
Digital banking use to exceed half of global population in 2026, study finds
A study by Juniper Research has found around 53% of the global population will access digital banking services in 2026.
Daloopa bags $20m from Credit Suisse-led Series A
US data extraction start-up Daloopa has secured $20m in a Series A financing round led by Credit Suisse Asset Management’s NEXT Investors.
Compliance versus risk: Why choosing the right approach is so important
As risks of data breaches, plus fines for non-compliance rise, organisations understand the need for cybersecurity risk management.
US launches inter-agency task force to tackle ransomware wave
The US government has introduced a new interagency task force aimed at combating the increasing challenge of ransomware on the United States.
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