Cubist, a security-focused Web3 dev tools provider, has scored $7m in a seed funding round headed by Polychain Capital.

Following the collapse of Silicon Valley Bank (SVB), UK financial institution major HSBC has reportedly acquired Silicon Valley Bank UK (SVB UK) for £1.

Key European WealthTech seed investment stats in 2022: • Overall, there were 64 European WealthTech seed deals in 2022, an 11% share of total European seed deals in 2022 • The UK was the most active WealthTech country with 18 seed deals, a 28% share of European WealthTech seed transactions in 2022 • The average European WealthTech seed deal size in 2022...

Inflation, a pervasive economic phenomenon, is extending its grip across all sectors, including the insurance industry. A projection indicates that the surge in prices in 2021 resulted in around $30bn escalation in loss costs, which are payments insurers make to cover claims. InsurTech company Novidea recently explored how inflation is impacting the insurance industry. In these challenging times, MGAs and agents...

Another strong week for FinTech, with a total of $1.3bn was raised this week across 36 FinTech deals.

Clausematch has been chosen to join the sixth cohort of the Investment Association Engine Innovator Programme.

Revelstoke Security, the creator of a security orchestration, automation and response platform, has secured $20m in a Series B funding round.

Banking-as-a-service (BaaS) company Synctera has formed a partnership with the National Bank of Canada, alongside the close of a $15m strategic investment. The investment was led by NAventures, which is the corporate venture arm of National Bank of Canada. Other contributions to the investment came from private equity firm The Banc Funds and sponsor bank partners Veritex Community Bank, Midland...

Cado Security, which claims to offer the first cloud forensics and incident response platform, has closed its latest funding round on $20m.

A report by NICE Actimize has found that the rise of banking fraud is a growing concern for financial institutions and consumers alike.