Industry News

The UK Department for Science, Innovation and Technology has put forward a new version of the Data Protection and Digital Innovation Bill.

Biometric facial recognition has become an increasingly important verification tool for customer onboarding and ongoing compliance.

LexisNexis Risk Solutions has enhanced its home insurance AI solution to expedite and improve the home insurance underwriting process.

The total value of payments through Central Bank Digital Currencies (CBDCs) is expected to reach $213bn annually by 2030, according to a report from Juniper Research.

Relm Insurance, a specialty insurance carrier serving innovative industries, has partnered with NetDiligence to deliver a suite of cyber risk monitoring solutions to policyholders.

Violet, a provider of privacy-protective compliance and identity infrastructure for DeFi, has bagged $15m in a funding round.

Signature Bank, which has been a supporter of the crypto industry, has been closed by US regulators in the aftermath of the Silicon Valley Bank collapse.

Masttro, a WealthTech firm that manages the wealth of ultra-high-net-worth families, has raised $43m in a growth equity investment.

Cubist, a security-focused Web3 dev tools provider, has scored $7m in a seed funding round headed by Polychain Capital.

Following the collapse of Silicon Valley Bank (SVB), UK financial institution major HSBC has reportedly acquired Silicon Valley Bank UK (SVB UK) for £1.