Identification/Background checks

US introduces first cyber czar to bolster government response to cybercrime

The United States Senate has confirmed Chris Inglis as the first ever cyber czar for the US government.

Cyber firm Claroty rakes in $140m from Series D, unicorn status uncertain

US industrial cybersecurity company Claroty has raised $140m from a Series D funding round co-led by Bessemer Venture Partners’ Century II fund and 40 North Ventures.

EU tech law risks destroying iPhone security, Apple chief warns

The CEO of Apple has warned that a proposed new European Union technology law aimed at reigning in tech behemoths could ‘destroy the security of the iPhone’.

Cyber firm Threatray secures €2.3m to fuel team expansion

Swiss cybersecurity analytics enterprise Threatray has raised €2.3m from a funding round led by Verve Ventures.

President Biden provides off-limit hacking list in US-Russia bilateral meeting

President Biden used a recent US-Russia bilateral meeting with President Putin to outline 16 infrastructure that should not be victim to cyberattacks in future.

Elisity seeks to scale cybersecurity platform with $26m Series A raise

US cybersecurity platform Elisity has snared $26m from a Series A funding round to meet growing demand of its cloud-delivered cybersecurity platform.

OCR Labs reels in $15m to launch its digital ID verification solution in the...

Digital ID verification company OCR Labs based in the Land Down Under secured €12.5m($15m) in a Series A investment led by Turkish investors Oyak Group to fuel its expansion into the UK and Turkish markets.

US nuclear weapons contractor suffers ransomware cyberattack

US nuclear weapons contractor Sol Oriens has revealed it has suffered a ransomware cyberattack allegedly by the REvil ransomware group.

nSure AI picks up $6.8m to reduce fraud in digital goods sector

Israel-based predictive AI fraud protection company nSure AI raised $6.8m in seed funding led by DisruptiveAI, Phoenix Insurance, AXA-backed venture builder Kamet, Moneta Seeds and private investors.

Stripe launches AI-based identity verification tool for online businesses to reduce payment fraud

Payment giant Stripe goes beyond its payment products, launches Stripe Identity, an identity verification system for online businesses as a means of reducing fraud, preventing account takeovers and stopping bad actors.

News Stories

Palm secures $6.1m seed funding to enhance enterprise treasury management

Palm secures $6.1m seed funding to enhance enterprise treasury management

Palm, a financial technology firm based in Sweden and the Netherlands, has recently announced a significant milestone in its journey.
MidWestOne Bank enhances digital customer onboarding with Temenos SaaS on AWS

MidWestOne Bank enhances digital customer onboarding with Temenos SaaS on AWS

MidWestOne Bank, headquartered in Iowa and servicing around 140,000 customers across four states, has successfully implemented Temenos Digital Onboarding as Software as a Service (SaaS) on Amazon Web Services (AWS).
Consumer Duty

One year on: How has Consumer Duty impacted the industry?

On July 31 last year, the long-awaited Consumer Duty legislation came into effect in the UK, following months of preparation and industry attention.
Six ways tech is revolutionising M&A for insurers

Six ways tech is revolutionising M&A for insurers

Mergers and acquisitions (M&A) have long been pivotal strategies for growth within the insurance sector, enabling firms to expand their market presence, enter new territories, and secure competitive advantages.
video

What are the main concerns financial institutions should have around using AI?

As financial institutions look to increase their adoption of artificial intelligence (AI), they need to ensure they are able to trust the technology. These AI tools can have gain access to sensitive data and if the correct measures are not implemented, can cause a myriad of problems. 

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