Risk Management

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.

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.

The FinTech space continues to grow with no sign of slowing down and the 29 rounds raised week prove that, with cryptocurrency companies and InsurTechs being the leading sub-sectors.

Our weekly roundup of the big FinTech trends from the past seven days is all you need to keep yourself updated on what’s happening in the industry.

Global financial crime risk data and detection technology provider ComplyAdvantage has added Know Your Business (KYB) data to create a unified data graph of individuals and business entities to double down on financial crime risks.

Racing organisation and gaming facility New York Racing Association (NYRA) has extended its contract with AML compliance solution provider Alessa for sanctions screening, transaction monitoring and regulatory reporting.

Payment giant Stripe goes beyond its payment products, launches Stripe Identity, an identity verification system for online businesses as a means of reducing fraud, preventing account takeovers and stopping bad actors.

Stripe launched a new tax compliance tool called Stripe Tax to help businesses automate the calculation and collection of sales tax, value-added tax (VAT), and goods and services tax (GST).

InsurTech companies continued their winning streak last week among the 37 FinTechs that raised big rounds.