RegTech

London-headquartered RegTech firm SteelEye is eying development across North America following two strong funding rounds last year.

Data management company Databricks has raised a colossal $1.6bn in funding, upping its valuation to an eyewatering $38bn.

Open banking solution developer ModusBox has teamed up with SaaS-based automated onboarding tool DocFox to help banks and credit unions improve data access.

WhatsApp has been hit with a $225m fine by Ireland’s Data Protection Commission after it failed to disclose enough information to users about the data shared with other Facebook companies.

Fraud protection, privacy and compliance analytics platform Pixalate has raised $18.1m in growth funding.

A whitepaper by the Emerging Payments Association (EPA) has detailed that a stronger focus on digital identity could help combat soaring cases of financial crime.

Google and Microsoft have revealed that they are planning to invest $30bn in cybersecurity advancements over the next five years.

The US Securities and Exchange Commission (SEC) filed charges against BitConnect and its founder Satish Kumbhani, as well as a US-based promoter, Glenn Arcaro, alleging fraud against the crypto lending company.

Identitii has launched a software-as-a-service platform to help firms cut non-compliance reporting risks with anti-money laundering (AML) and counter-terrorist financing (CTF).

Two out of three countries fail to tackle corruption effectively, which paints "a grim picture of the state of corruption worldwide", according to Transparency International's latest report.