Risk Management

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

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

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

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.

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.

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

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

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

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.

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).