Risk Management

From insider trading and market manipulation to bribery, corruption as well as money laundering, detecting suspicious activity has become a top priority for financial firms, making it imperative to have a robust compliance surveillance solution in place, according to Relativity Trace general manager Jordan Domash.

The European Payments Council (EPC) has begun the search for a Malware Information Sharing Platform (MISP) to aid real-time fraud information sharing.

The European Banking Authority (EBA) has introduced a public consultation on a database on anti-money laundering and countering terrorism financing (AML/CFT) in the EU.

The heads of the European and the French cybersecurity agencies have called for a greater level of cooperation and more resources to compete in the cybersecurity spending race.

Operations at the Colonial Pipeline have been brought to a standstill following a ransomware cyberattack that affected some of its IT systems.

California-based IT and security management solutions provider Syxsense has secured $6m in a funding round.

To be successful with innovation and digital transformation, insurance firms need to learn from when changes do not work out, according to Swiss Re UK digital transformation officer Pravina Ladva.

San Francisco-based cybersecurity firm Vanta has closed a $50m funding round led by Sequoia Capital with participation from Y Combinator.

Cloud-based clearing bank ClearBank tied up with AML/CTF and trade compliance tech provider Napier for its advanced transaction screening system in a bid to boost its security.

Threat detection and mitigation company Huntress scored a $40m Series B investment round led by JMI Equity.