Industry News

Banco Santander and venture capital firm Forgepoint Capital have partnered to form an alliance designed to drive cybersecurity investment and innovation globally.

Diebold, a “connected commerce” company, has partnered with Featurespace, which works to prevent financial crime, to integrate its fraud prevention technology.

France has issued a €20m fine on US-based facial recognition firm Clearview AI for breaching privacy laws.

Island Federal Credit Union has selected digital insurance agency platform Insuritas to install its full-service digital insurance agency platform.

Credit facilities dominate this week’s 33 FinTech deals, making up seven of the top ten deals.

Achieve, a California-based FinTech which provides digital personal finance solutions, has secured a $225m debt facility.

Munich Re Group, a provider of reinsurance, primary insurance and insurance-related risk solutions, is reportedly to increase its cyber cover prices in Germany and Europe.

Coalition, a cyber insurance provider, has partnered with BDT Capital to form Ferian Re, an independent Bermuda-based Class 3B reinsurer that will provide capacity across Coalition’s cyber programmes.

Australian bank CommBank has partnered with the Council of Small Business Organisations Australia (COSBOA) to launch Cyber Wardens, a new project to protect small businesses from cyber threats and scams.

NatWest Group has entered a strategic partnership with the Vodeno Group to create a new banking-as-a-service (BaaS) business in the UK.