Customers abandon purchases because of strong customer authentication processes
Last year, the EU started to roll out its strong customer authentication (SCA) rules to make it safer to buy things online, but it seems it is making customers abandon their purchases, according to new Microsoft research.
Unqork closes a further $51m to its Series B round
Unqork, a no-code application platform, has closed an additional $51m in funding, upping its Series B to a total of $131m.
London Stock Exchange partners with Australian RegTech APIR Systems
With the MiFID II deadline just two months away, Australian RegTech company APIR Systems has formed a partnership with the London Stock Exchange (LSE).
LemFi and Visa partner for global expansion: A leap towards international payment solutions
LemFi, a UK-headquartered international payments company, and Visa Cross-Border Solutions, a division of Visa specialising in cross-border money movement, have recently inked a deal aimed at expanding LemFi's global footprint.
Ecospend and Contis team to widen bank-as-a-service product offering
Open banking platform Ecospend has partnered with banking-as-a-service (BaaS) provider Contis to offer a wide range of BaaS products to both its customers.
ECB exec calls on regulators to curb crypto wild west
Executive board member of the European Central Bank Fabio Panetta has claimed global regulators need to quicken efforts to launch a framework to tackle the crypto wild west.
Navigating the complexities of off-channel communications in finance
In recent years, off-channel communications have come under the intense scrutiny of regulators like the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This scrutiny is largely due to the risks these unmonitored communications pose, ranging from compliance issues to gaps in record-keeping that can affect investor protection.
Flagright and SALT forge partnership to boost SME security in India & Asia
Flagright, a compliance and fraud prevention leader, has partnered with SALT, a financial platform that empowers SMEs in India and Asia.
True Balance said to raise $28m in its Series D round
South Korea-based True Balance has reportedly collected $28m in its Series D round, as it expects to reach profitability next year.
Crowdfunding platform 200 Crowd secures €300k investment
Crowdfunding platform Tip Ventures has rebranded to become 200 Crowd, alongside close of €300,000 investment round.
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