Onboarding Verification

Israel-based email and collaboration security company Perception Point has raised $28m from a Series B funding round.

Belgian IT company IntellectEU has introduced VELMA, an AI platform that allows financial advisors to offer ‘hyper-personalisation’ in the wealth management sector.

New York-based digital account opening firm Mantl has secured $40m in a Series B round led by Alphabet’s independent growth fund CapitalG.

US-based subscription management firm Chargebee has raised $125m from a Series G funding round, raising its overall valuation to $1.4bn.

Banco Santander claims its digital transformation is ‘ahead of plan’ after it revealed more than 60% of its global IT infrastructure has already migrated to the cloud.

London-based FinTech FintechOS has snared $60m in a Series B funding round led by Draper Esprit.

A survey by data analytics company FICO has found up to 4% of UK consumers believe their identity has been stolen online.

Digital-only pension Penfold has implemented NorthRow’s technology to accelerate its onboarding process and enable users to establish a pension in five minutes.

The Monetary Authority of Singapore (MAS) has imposed a penalty of S$1m on a Singapore-based bank branch for not complying with its anti-money laundering and terrorism financing acts.

FinTech mobile platform Fiskl has partnered with PayTech leader Nexi to bolster the latter’s open banking offering.