AI-driven fraud protection company for InsurTechs Shift Technology earns the horn after $220m round
SaaS provider of AI-driven decision automation and optimisation solutions for the insurance industry Shift Technology closed a $220m fundraising bringing its valuation to over $1bn.
Cybercrime cases continue to rise as Belgium becomes most recent victim
The company that provides internet services for Belgium’s parliament, government departments, universities and scientific institutions has suffered a cyberattack.
UK passes bill aimed at protecting against harmful foreign investments
The UK government has passed a bill that would give it the ability to intervene in foreign direct investments that could negatively impact the country.
Companies spending more on cybersecurity to combat threats, report finds
A report conducted across the US, UK and mainland Europe has found many firms are spending more on cybersecurity to combat growing threats in cyberspace.
Corporate spend management firms and celebrity-backed companies among the 42 FinTech rounds raised last...
A Jared Leto-backed startup, family-focused FinTech firms and corporate spend management companies were among the big winners of the 42 funding rounds reported on last week.
FCA publishes proposals to bolster financial promotion rules for high-risk investments
The UK’s Financial Conduct Authority has published proposals to bolster its financial promotion rules for high-risk investments in a bid to help retail investors make better decisions.
Why wire transfers are more popular with money launderers and fraudsters, Alessa analyses
Wire transfers have long been the tool of choice for money launderers and fraudsters and AML compliance and fraud professionals must understand how wire...
Qover snares $25m Series B to accelerate global development
Brussels-headquartered InsurTech Qover has closed a $25m Series B funding round led by Prime Ventures.
Bank of England warns of potential risks of cloud data providers
Bank of England (BoE) may tighten controls over cloud data providers and other tech companies to counter potential risks to financial system stability resulting from the rise of FinTech, Deputy Governor Dave Ramsden said.
APRA guidance offers support on tackling climate-related financial risks
The Australian Prudential Regulation Authority (APRA) has issued a draft practice guide to banks, superannuation trustees and insures on managing climate-linked financial risks.