Sector Updates

The FBI’s Internet Crime Complaint Center (IC3) revealed it received 649 complaints of ransomware attacks that had targeted critical infrastructure organisations last year.

Financial research platform Sentieo has collected $6m in its funding round led by Clocktower Ventures and Long Focus Capital.

Hot on the heels of Monzo, Starling Bank has changed its overdraft fee rules on the back of a Financial Conduct Authority (FCA) decision.

Genesis Global Holdco (GGH), the parent company of struggling crypto brokerage Genesis, has filed for bankruptcy protection.

PIMFA has urged the Financial Conduct Authority to move ahead with proposals to strengthening rules around financial promotions rules for higher risk investments.

CRE Simple has closed a seed investment which was led by Grand Ventures and Fin Venture Capital.

South Africa-based InsurTech startup Click2Sure has reportedly raised a multi-million investment from SixThirty.

Resilience, a leading cyber risk solution provider, has announced a significant expansion of its underwriting capacity to offer up to £10m in cyber insurance coverage for clients across the United Kingdom and European Union.

Managing any financial services company can be fraught with risk. Many FIs require close to constant risk analysis to make sure the company is remaining compliant and proper, as well as looking out for being targeted by criminals.

Cre8tech Labs’ Lender Price has formed a partnership with Ellie Mae’s mortgage management solution Encompass.