Risk Management

The Monetary Authority of Singapore (MAS) has issued a consultation response on draft regulations and notices relevant to licensed credit bureaus under the Credit Bureau Act 2016.

While Covid-19 continues to haunt us, the FinTech industry continues to rake in millions of dollars. Neobanks and cybersecurity companies were the top-scoring sectors to raise investment among the 42 rounds that FinTech Global reported on last week.

Compliance technology provider ThetaRay has launched SONAR, a financial crime prevention solution for cross-border payments.

Financial crime detection firm ComplyAdvantage has secured $20m from Goldman Sachs Growth Equity through an extended Series C round.

Backed by the UK Govt, Intelligent AI raised close to £1m following its graduation from the Lloyd’s Lab to develop its online Intelligent Risk platform, aimed at commercial property insurers in the UK and US.

From crypto startups raising millions despite Elon Musk pulling out of the bitcoin frenzy to subscription-based firms capitalising on the Covid-19 crisis, this is what you can learn from the 40 FinTech funding rounds of last week.

Canadian endpoint resilience solutions provider Absolute Software has agreed a deal to acquire security management platform NetMotion for $340m in cash.

The European Banking Authority (EBA) has introduced a public consultation on a database on anti-money laundering and countering terrorism financing (AML/CFT) in the EU.

Israeli cybersecurity company Cymulate, which combats cyber threat through simulated attacks and security tests, raised $45m in Series C funding led by One Peak Partners.

The UK government has passed a bill that would give it the ability to intervene in foreign direct investments that could negatively impact the country.