Industry News

Promon, an application shielding technology firm, recently identified a new cyber threat named FjordPhantom targeting banks in Southeast Asia.

Meniga, a personal finance management solutions firm, has announced it has secured €15m in Series D investment.

Jenesys AI, a trailblazer in B2B invoice management and payments, has pulled in new funding in its $1.1 million pre-seed investment raise.

Andalusia Labs, a blockchain security solutions firm, has raised $48 million in a Series A funding round, achieving a valuation of $1 billion.

Nearpay, a Saudi FinTech startup specialising in payment infrastructure as a service, has achieved a milestone of raising $14m funding.

Mirae Asset Wealth Management, a financial services group operating in 15 countries, has announced a strategic partnership with Velexa.

The European Parliament and Council have reached an agreement on the establishment of an Anti-Money Laundering Authority (AMLA).

Citizens Financial Group, an American bank headquartered in Rhode Island, has unveiled a new eco-friendly Mastercard debit and ATM card. 

Zero Networks, an Israeli cybersecurity startup, has recently raised $20 million in a Series B investment round.

As another year draws to a close in the RegTech industry, the sector is peering up at a new unexpected leviathan in its midst – Generative AI. The technology, virtually unknown in the mainstream at the start of this year, has created not just new opportunities but completely new challenges for the industry to grip its teeth into.