Identification/Background checks

HeyTrade to implement Veriff’s identity verification technology

Investing platform HeyTrade has implemented Veriff’s global identity verification services as part of a new deal to improve onboarding.

Interpol diverts $83m of online fraud from cybercriminals

Interpol claims it has intercepted $83m belonging to victims of online financial crime from being transferred into the accounts of their hackers.

JBS Foods halts production following multinational cyberattack

Food processing giant JBS Foods has closed down production at multiple sites globally following a cyberattack.

Fraudio looks to continue expansion following $3.3m seed round

Dutch payment fraud detection firm Fraudio has bagged $3.3m in a seed funding round.

Japan suffers large cyberattacks following government, airport hacks

Japan has experienced two recent cyberattacks that were directed at the Fujitsu company and Greater Tokyo-based Narita Airport.

Cybersecurity assessment required for US pipelines following Colonial attack

A Biden administration directive will require US pipeline operators to conduct a cybersecurity assessment on their pipelines following the recent Colonial Pipeline hack.

Klarna locks out users from services following ‘self-inflicted incident’

Swedish FinTech giant Klarna has suffered a ‘self-inflicted incident’ which has led to around 90,000 users being able to see other people’s accounts.

Belgian Interior Ministry reveals two-year long cyberattack of its network

Belgium’s Federal Public Service (FPS) Interior has claimed it has suffered a ‘complex, sophisticated and targeted cyberattack’ to its IT system.

PayPal teams with Arkose to tackle fraud on its Honey platform

PayPal has entered a collaboration with online fraud and abuse prevention company Arkose Labs to tackle fraud and security threats on its Honey shopping platform.

Forter bags $300m Series F to become highest ever valued fraud prevention firm

US fraud prevention business Forter has snared $300m from a Series F funding round led by Tiger Global Management.

News Stories

Siemens reinforces its pioneer status with new €300m blockchain-based digital bond

Siemens reinforces its pioneer status with new €300m blockchain-based digital bond

Siemens AG, a frontrunner in technological innovations, has issued a new digital bond, reinforcing its position as a pioneer in the FinTech sector.
American Binary secures $1m investment from HEST to enhance quantum encryption

American Binary secures $1m investment from HEST to enhance quantum encryption

American Binary, a trailblazer in post-quantum encryption technologies, has recently secured a strategic investment.
Hypernative secures $16m in Series A to enhance Web3 security solutions

Hypernative secures $16m in Series A to enhance Web3 security solutions

Hypernative, a leader in Web3 security solutions, has successfully secured a $16m Series A funding round.
The Investment Association (IA) opens its 8th FinTech accelerator

The Investment Association (IA) opens its 8th FinTech accelerator

The Investment Association (IA) has officially launched the application phase for the eighth iteration of its esteemed Engine Innovator Programme, a pivotal accelerator designed to spur FinTech advancements within the investment management sphere.
Revolut escalates global presence with new BillPay for businesses, revenues hit $500m

Revolut escalates global presence with new BillPay for businesses, revenues hit $500m

Revolut Business has announced that its global revenues now exceed $500m (£380m), alongside monthly transaction volumes of £17bn.

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