Industry News

Securrency, a developer of institutional-grade, blockchain-based financial and regulatory technology, has appointed Nadine Chakar as CEO.

Magic, a Wallet-as-a-Service (WaaS) provider, has recently successfully secured $52m in a strategic funding round.

Simetrik, a financial automation platform based in Colombia, has completed a Series B funding round, raising a substantial $55m.

The United Arab Emirates (UAE) is experiencing a notable economic surge, becoming a magnet for foreign investments and job opportunities. This economic growth is coupled with ambitious plans under the UAE Digital Economy Strategy launched in April 2022, aiming to increase the nation's GDP contribution from digital services from 9.7% in 2022 to 19.4% over the next decade. The strategy positions the UAE as a pivotal digital economy hub both regionally and globally.

FinTech companies that are driving net-zero continue to attract record venture capital funding, according to a new report from Commerz Ventures.

KnowBe4 has announced its plans to acquire Egress, a prominent figure in adaptive and integrated cloud email security.

TikTok recently received a $368m fine by European regulators for its negligence in ensuring children's data privacy.

Photocert and Duck Creek Technologies have solidified a strategic partnership aimed at fortifying the insurance industry's visual data authentication capabilities. 

The Chinese authorities levied a hefty fine of $984m on Ant Group for breaching consumer protection and corporate governance laws, according to a report from Reuters.

The Monetary Authority of Singapore (MAS) has recently unveiled its comprehensive responses to the feedback on its proposed regulations for Digital Payment Token (DPT) service providers in Singapore. These regulations are crucial in shaping the future of digital currencies in the country.