Sector Updates

Abacode, a cybersecurity startup based in Florida, has collected $4.85m in its Series A led by Ballast Point Ventures.

InsurTech company Sidecar Health has reached unicorn status after the close of a $125m Series C round put its valuation at $1bn.

The United Nations Conference on Trade and Development (UNCTAD) has called for the halt of crypto rising in developing countries.

From challenger banks to stock trading apps, the last week has seen a smattering of both massive funding rounds and smaller seed investments.

Last week the EU's securities market regulator announced that it had begun to use its convergence powers, which has now been welcomed by RegTech Muinmos.

Fair, an automotive FinTech company that claims to be revolutionizing car buying, has raised a fresh round of strategic equity funding.

As Artificial Intelligence (AI) continues its transformative march across various sectors, the financial industry stands as a fertile ground for its advancements. The marriage of AI and FinTech promises unparalleled progress, yet beneath this indication of innovation lies a subtle, looming threat – the potential for an AI-induced financial crisis, fuelled by the sinister hands of deepfakes. RegTech firm Sybrin investigates.

While cybersecurity is pegged to be a $281.74bn industry by 2027, businesses are still seeing it as an afterthought, a study from EY claims.

Global data analytics provider Verisk has acquired provider of property intelligence solutions Opta with the goal of reshaping risk management.

The Reserve Bank of New Zealand (RBNZ) has issued a consultation seeking feedback on challenges facing the country’s cash system and the options to maintain it.