Why dynamic risk assessments are a must for AML/KYC
As pressures continue to rise for financial institutions to meet mounting anti-fraud regulatory requirements, dynamic risk assessments will become more vital.
EBA unveils new central database for AML and CFT
The European Banking Authority (EBA) has launched EuReCA, a new central database for anti-money laundering and counter-terrorism financing.
FCC revokes Chinese telecom provider licence due to security risks
The Federal Communications Commission (FCC) has revoked China Unicom Americas’ licence due to ‘serious national security concerns’.
Americans lost $770m from social media scams in 2021
Reports received by the Federal Trade Commission have found US citizens were scammed to the tune of $770m through social media cons during 2021.
Myanmar to seek ban on digital currencies, VPNs in new cyber law
The military junta leading Myanmar has drafted a cybersecurity law that would ban the use of VPNs and digital currencies.
Industry-first data risk intelligence NVISIONx closes seed
NVISIONx, which claims to be one an industry-first data risk intelligence platform, has raised $4.6m in seed funding.
Why ironclad security is vital for any financial super app
In an age where the proliferation of financial mobile applications in increasing on a huge scale, the rise of financial ‘super apps’ may seem the logical conclusion of such a rise.
ESMA issues consultation on MIFID II suitability guidelines
The European Securities and Markets Authority (ESMA) has issued a consultation on aspects of suitability requirements under the Markets in Financial Instruments Directive (MiFID II).
Global digital identity revenue to exceed $53bn by 2026
Revenue for digital identity marketplace vendors is expected to exceed $53bn by 2026, doubling from the $26bn value in 2021, research from Juniper Research claims.
HackerOne snares $49m in Series E financing raise
Hacker-directed bug bounty platform HackerOne secured $49m from a Series E funding round headed by GP Bullhound.
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