Fairly AI nets $1.7m for risk management platform for AI

Fairly AI nets $1.7m for risk management platform for AI

Fairly AI, which has built an oversight and risk management platform for AI, has reportedly raised $1.7m in fresh funding.

FinTech-focused Cross River Bank gets $100m KKR-led funding round

FinTech-focused banking-as-a-service provider Cross River Bank has picked up a $100m funding round led by private equity giant KKR.

Asian bank DBS launches ESG-themed metaverse

DBS, an Asian bank, has linked with decentralised gaming virtual world The Sandbox to launch a metaverse experience showcasing ESG initiatives and ideas.

How advanced analytics can help monitor and manage ESG risks

The rise in importance of climate change on the business agenda has been impossible to miss. With this rise, the need for financial organisations to address ESG matters is reaching a boiling point.

FCA locks in changes to BNPL terms to cut consumer risk

The Financial Conduct Authority (FCA) has secured changes to potentially damaging terms in the contracts providing by a select number of buy now, pay later (BNPL) firms.

FICO survey highlights evolving identity theft challenges in the online age

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

Kantox closes new €5m loan package from Silicon Valley Bank

Kantox has closed its second venture debt financing from Silicon Valley Bank, securing a new €5m loan package.

Black Kite raises $22m to meet rising vendor risk management demand

Cyber risk company Black Kite has raised $22m from a Series B funding round led by Volition Capital.

How banks can use models to better assess customer risk

In a new webinar series, Alessa explores the various elements of customer risk. In its latest one, it examines how firms can assess products and services, activity patterns and behaviours to uncover illicit activity.

UK RegTech Konsentus to provide Carta Worldwide’s clients with its PDS2 compliance solutions

Ontario-based Carta Worldwide, the transaction processing solutions provider, has partnered up Konsentus, the identity and regulatory checking services. The partnership will help ensure Carta Worldwide’s clients are compliant with EU’s Revised Payment Service Directive (PSD2).

News Stories

LendingClub reveals the strain of seasonal expenses on US financial health

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, and PYMNTS Intelligence have partnered to shed light on the financial challenges faced by US consumers.

Robin Smith takes on Chief Revenue Officer role at Praxent

Praxent, a financial services digital consultancy, has expanded its leadership by ushering in Robin Smith as Chief Revenue Officer. Smith, an enthusiast of FinTech and...

ESMA shifts focus: Navigating the digital and green transitions in 2024

The European Securities and Markets Authority (ESMA) has recently unveiled its work programme for 2024.
This week saw the FinTech sector flounder compared to seven days ago, as the space failed to meet the $1bn mark in deals completed.

FinTech sector drops this week with only 24 deals

This week saw the FinTech sector flounder compared to seven days ago, as the space failed to meet the $1bn mark in deals completed.

SEC reviews Scope 3 emissions in upcoming climate disclosure rules

The U.S. SEC has received feedback against the inclusion of Scope 3 emissions in their proposed climate disclosure rule.

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