ESMA report says financial markets remain “fragile” because of Covid-19
The European Securities and Markets Authority (ESMA) has issued a new report on the impact of the pandemic, saying that the environment "remains fragile."
What these 25 funding rounds tell you about where the FinTech industry is going
Cybersecurity has had a big funding week with ReliaQuest picking up the biggest round last week, but several challenger banks and InsurTech ventures also bagged considerable cash injections.
Stem secures $10m funding round
Distribution and payments platform Stem has collected $10m in a funding round led by Slow Ventures.
Open banking company sync. partners with ComplyAdvantage
UK money management startup sync. has inked a partnership deal with RegTech ComplyAdvantage.
DGB Daegu Bank taps into quantum technology to boost its cybersecurity
DGB Daegu Bank has teamed up with SK Telecom to to use its 5G quantum cryptography technology in its mobile banking app IM Bank.
ECB warns that big tech entering the FinTech space could lead to security risks
The European Central Bank has warned that Europe's failure to produce big tech companies of its own to compete with American ones could leave the EU exposed and reliant on foreign providers as big tech moves into the FinTech sector.
Stratify closes $4.9m seed round led by Madrona Venture Group
Stratify, which aims to bring collaboration and communication to strategic finance, has closed its seed round on $4.9m.
Finix extends its Series B to reach a total of $75m
Payments infrastructure company Finix has extended its Series B round to reach $75m, after closing an additional $30m to the round.
MagicCube scores new strategic investment from Visa
MagicCube, which claims to have the world’s only software trusted execution environment platform, has secured a strategic investment from Visa.
Russian charged for trying to recruit company employee to install malware
The US Department of Justice has charged a Russian citizen who travelled to the US to recruit a big company employee to install malware on the business' computers.
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