RegTech

UK-based Quantexa has raised $153m in a funding round led by Warburg Pincus along with a slew of undisclosed blue-chip investors as it seeks to accelerate regional expansion and develop new products in areas including banking and insurance.

The Financial Conduct Authority fined the insurance division of Lloyds Bank £90.7m for sending misleading renewal quotes to nine million customers.

The European Securities and Markets Authority (ESMA) has fined DTCC Derivatives Repository for seven breaches of the European Market Infrastructure Regulation (EMIR).

Secure Access Service Edge (SASE) company Netskope raised $300m in funding led by existing investor ICONIQ Growth.

Out of the 33 FinTech funding rounds we reported on last week, PayTech companies and lending enterprises were the clear winners.

Didomi, which makes managing consent for customer data easier, has bagged $40m in its Series B round, which was led by Elephant and Breega.

A cybersecurity report has found an alleged Chinese state-sponsored faction is attempting to hack telecommunications organisations in Taiwan, Nepal and the Philippines.

Security tool developer Mondoo has pulled in $15m in funding from Series A and seed financing rounds.

As more and more people rely on cashless systems to move money around, there is a pressing need to understand how electronic funds transfers (EFTs) – specifically – wire transfers and automated clearing house (ACH) transfers – could be at risk from financial crime.

A US federal judge has sentenced a Houston-based man to a 7-year jail sentence for his role in trying to steal over $2m from victims through romance scams and spoofed emails.