Company News

The US House of Representatives is planning to use its current session – running to November 2022 – to reintroduce the Financial Transparency Act (FTA).

DevOps security enterprise Cycode has raised $20m from a Series A funding round led by Insight Partners.

SaaS-based provider for life, accident and health insurers FINEOS has completed the acquisition of US-based tech developer Spraoi for $5.2m to step up its digital and machine learning capabilities.

UK-based digital banking service Revolut has partnered with blockchain firm Elliptic to support crypto withdrawals and guard against risk.

The current way banks are handling money laundering alerts is not sustainable. If they do not want to continue rapidly expanding compliance teams each year, they need to look towards automation technology.

The FBI has declared that the cybercriminal behind the recent Colonial Pipeline was a ransomware variant known as DarkSide.

The Bank of Israel has opened a public consultation on the potential issuance of a digital shekel.

Compliance Systems has launched the first mobile-enabled online account opening solution, which enables financial institution customers and members to open accounts up to ten times faster, it claims.

Brazilian payment technology firm CloudWalk has raised $190m from a Series B funding round.

CyberTech ventures, Deadpool-backed enterprises, and InsurTech startups are among the big winners of the 25 FinTech funding rounds reported last week.