Risk Management

The European Commission has announced plans to create a new Anti-Money Laundering Authority (AMLA) following a flurry of recent financial crime scandals.

Data and analytics software company Quantexa has introduced the latest updated version of its contextual monitoring and investigations solution Quantexa Syneo

r2c, a startup building a SaaS service around the Semgrep open-source project, secured $27m in Series B funding, led by Felicis Ventures with participation from previous investors Redpoint Ventures and Sequoia Capital.

A report by GlobalData has found the cyber insurance industry is predicted to exceed a $20bn gross written premium (GWP) value by 2025.

Sweden's financial watchdog Finansinspektionen is investigating payments firm Klarna over a potential breach of banking secrecy laws in connection with an IT incident at the firm in May.

The FinTech space continues to grow with no sign of slowing down and the 29 rounds raised week prove that, with cryptocurrency companies and InsurTechs being the leading sub-sectors.

Six months after emerging from stealth mode with $25m in funding, US-Israeli= based API security company Noname Security raised a $60m a Series B led by Insight Partners.

Orum, which has built a financial infrastructure platform, has netted $56m in its Series B round, which was co-led by Accel and Canapi Ventures.

FutureProof, which helps financial services companies assess climate change risk, has secured $3m in funding

As the Covid-19 vaccine is being rolled out across the globe, FinTech companies are torn between continuing the remote work strategy and switching back to the traditional form of working. But analysts opine the sector will evolve to a hybrid model.