FinTech News

Insurance firm FWD Philippines has reportedly agreed to leverage UnderwriteMe’s technology to boost digitalisation.

India-based FinTech platform FinBox has reportedly collected $15m in its Series A, as it gears up for expansion across Southeast Asia.

Brex, a business banking platform, has reportedly reached the highly covered decacorn status after a $300m investment puts its valuation at $12.3bn.

Hong Kong-based digital bank Neat has closed an undisclosed round of funding from Dymon Asia Ventures and Portag3 Ventures.

Know Your Customer (KYC) procedures are fundamental policies and processes implemented by businesses to mitigate risks and authenticate the identities of customers throughout their entire lifecycle. These protocols are especially critical in regulated industries, serving as a safeguard against money laundering, terrorism financing, fraud, and other illicit activities. FullCircl has put together a comprehensive guide to KYC procedures.

Dutch-based crowdfunding platform Lendahand has deployed €5m into Singapore-based Funding Societies to invest in underserved SMEs.

The SEC has proposed new requirements to a number of key industry stakeholders to address cybersecurity risks.

SYN Ventures, a venture capital firm, has enthusiastically unveiled a significant financial milestone this week.

Challenger bank Kuda Bank aims to change the banking system in emerging markets and won’t let the coronavirus stand in its way.

Smart building firm Johnson Controls has acquired zero-trust cybersecurity company Tempered Networks for an undisclosed fee.