Project Eleven, a post-quantum cryptography startup focused on safeguarding digital assets, has raised $20m in a Series A round. The round was led by Castle Island Ventures, with participation from Coinbase Ventures, Fin Capital, Variant, Quantonation, Nebular, Formation, Lattice Fund, Satstreet Ventures, Nascent Ventures and Balaji Srinivasan. It also reported continued investment from Variant, Quantonation, Nebular and Formation. Project Eleven is...

Banks don’t struggle with KYC because they cannot access data; the bigger failure is that customer risk stops evolving once the onboarding file is signed off. According to Consilient, most institutions build an initial view of risk using relatively static attributes such as ownership structure, geography, industry and sector exposure, then use that snapshot to decide how intensive controls should...

Many compliance teams know the feeling: a risk event hits the headlines, the business starts asking questions, and yet your alert queues stay quiet—until days later, when signals finally show up and the case becomes a rushed clean-up exercise. In most institutions, this lag is not because analysts are slow. According to Opoint, it’s because the information arrives late,...

Coinbase Europe, the Dublin-based arm of the US crypto exchange, has received a €21.5m penalty from the Central Bank of Ireland (CBI) after the regulator found serious shortcomings in the firm’s AML controls. According to Flagright, the sanction, agreed as part of a November 2025 settlement, relates to breaches of Ireland’s Criminal Justice (Money Laundering and Terrorist Financing) Act...

Key Global FinTech investment stats in 2025: Global FinTech deal activity dropped by 24% YoY US firms accounted for 44% of all deals, reinforcing the country’s position as the main FinTech hub globally Cyera, a FinTech specialising in AI-driven data security, secured one of the biggest FinTech deals of the year with a $540m Series E funding round Global FinTech...

Mid Minnesota Federal Credit Union, a community-focused credit union serving central Minnesota, has partnered with InvestiFi, an InvestTech platform provider, to enable its members to invest digitally in stocks and digital assets directly from their checking accounts. Through the new partnership, Mid Minnesota Federal Credit Union (MMFCU) will onboard InvestiFi’s InvestTech platform within its online banking environment. The solution will...

TS Imagine, a global multi-asset SaaS platform offering portfolio and risk management, electronic trading and prime brokerage solutions, has released new year-over-year data highlighting significant shifts in fixed income trading behaviour and accelerating electronification across markets. The data, drawn from the company’s TradeSmart fixed income execution management system, points to sustained growth in buy-side adoption of electronic trading tools and...

Flanks, a European WealthTech company focused on automation and data-driven insights, has partnered with finReg360, a regulatory advisory and consultancy firm for the financial sector, to launch EDX, Europe’s first standardised financial data exchange protocol designed to enhance wealth management and advance Open Finance across the region. The launch of EDX (European Data Exchange) introduces a common protocol for the...

As the wealth management industry enters 2026, advisory teams are under growing pressure to deliver clearer guidance, faster execution and a more complete view of client wealth. Against this backdrop, fincite has rolled out more than 70 new features for its CIOS Software over the past year, with several designed specifically to streamline and modernise the advisory process. One of the...

There were 25 deals in the FinTech sector this week, representing a strong uptick in deals, with more than $1.5bn raised across all of them in total.  This represented a positive lift-off from last week's funding roundup, where only six deals were recorded. The leading deal this week was for US firm Rain, who secured a Series C raise of a...