HKMA unveils new guide to aid banks with RegTech solution implementation
The Hong Kong Monetary Authority (HKMA) has introduced a Regtech Adoption Practice Guide that aims to offer banks with guidance on how to implement RegTech solutions.
How payment companies struck gold among the 51 rounds raised last week
Our weekly roundup of the big FinTech trends from the past seven days is all you need to keep yourself updated on what’s happening in the industry.
Kovrr to team up with MAPFRE RE to support cyber risk management
Cyber risk modelling company Kovrr will deploy its technology into reinsurance firm MAPFRE RE, as part of a new deal.
Transmit Security raises “largest Series A round in cybersecurity history” to boost passwordless adoption
With a mission to get rid of passwords, Transmit Security raised a massive $543m in Series A funding at $2.2bn pre-money valuation, touting it as the largest Series A investment in cybersecurity history and one of the highest valuations for a bootstrapped company.
Study finds AML compliance costing UK firms over £28bn a year
A study by LexisNexis Risk Solutions has found anti-money laundering (AML) compliance is costing UK financial institutions £28.7bn and will raise to £30bn by 2023.
ComplyAdvantage adds KYB data to create financial risk detection graph of individuals and businesses
Global financial crime risk data and detection technology provider ComplyAdvantage has added Know Your Business (KYB) data to create a unified data graph of individuals and business entities to double down on financial crime risks.
Govia Thameslink Railway teams up with Quantexa to pull the brakes on rail fraud
Data and analytics software company Quantexa has partnered with UK rail firm Govia Thameslink Railway (GTR) to help stem the rising tide of rail fraud and double down on serial scammers.
BearingPoint to create RegTech juggernaut with Vizor Software acquisition
BearingPoint RegTech has signed an agreement to purchase global tech firm Vizor Software for an undisclosed fee subject to regulatory approvals.
EU tech law risks destroying iPhone security, Apple chief warns
The CEO of Apple has warned that a proposed new European Union technology law aimed at reigning in tech behemoths could ‘destroy the security of the iPhone’.
President Biden provides off-limit hacking list in US-Russia bilateral meeting
President Biden used a recent US-Russia bilateral meeting with President Putin to outline 16 infrastructure that should not be victim to cyberattacks in future.