Company News

When the coronavirus pandemic spread like wildfire in the early months of 2020, many companies and individuals alike had no idea what was to come – and how their work lives would change. With widespread vaccines, many companies are beginning to open up again, but what will be the ‘new normal’ for the financial sector in terms of working arrangements?

Minnesota-based Arctic Wolf closed a $150m Series F, just nine months after a $200m Series E, boosting its valuation to $4.3bn - more than three times what it was worth by the end of 2020.

Technology has the potential to combat money laundering and terrorist financing (AML/CFT) therefore making compliance faster, cheaper and more efficient, according to a new blog post by Sigma Ratings.

The Covid-19 pandemic transformed the wealth management sector and firms are looking to accelerate their digitalisation efforts to stay competitive. Wealth Dynamix has outlined an easy six step guide to support a firm’s digitalisation effort.

A report by payments technology firm Tribe Payments has found 67% of FinTechs believe AI is the technology that will have the biggest impact on the sector in the next five years.

Microsoft is acquiring San Francisco-based RiskIQ, a company that specialises in detecting security threats to help its customers address the risks created by remote work.

Spanish identity software specialist Electronic IDentification (eID) has launched a new solution aimed at building any digital onboarding process within hours.

The Monetary Authority of Singapore (MAS) has launched a new competition designed to accelerate the development of AI and data analytics (AIDA) solutions.

NatWest has launched a new carbon footprint tracking feature for its app users to help customers lower the climate impact of their spending.

The Financial Conduct Authority (FCA) has issued warning letters to retail banks due to ongoing weaknesses and failings around their financial crime controls.