RSA Insurance, a leading provider of insurance products and services, has launched a new financial risks product called Directors' and Officers' (D&O) Protection. The introduction of this product strengthens RSA's existing Professional and Financial Risks (Profin) portfolio, reinforcing its market leadership in this area. The launch of the D&O product is a response to the growing need for companies to protect...

Alkami Technology, Inc., a cloud-based digital banking solutions provider for financial institutions, has announced a new partnership with Intrepid Credit Union. The partnership aims to launch Alkami’s Digital Banking Platform to provide Intrepid Credit Union’s members with an upgraded digital banking experience. The goal is to equip members with new tools and features that enhance their financial journey while delivering a...

Harmonic Security, a pioneering cybersecurity firm, has successfully completed a Series A funding round, securing $17.5m. This significant financial milestone was led by Next47, a notable venture capital firm recognized for its investments in cybersecurity leaders like Claroty and Sysdig. Ten Eleven Ventures, which previously spearheaded the $7m seed round in October 2023, also participated in this round. Harmonic Security is...

The FCA has imposed a hefty £28.96m fine on Starling Bank for what it described as "shockingly lax" financial crime controls.

NTT DATA, a global leader in IT services and consulting, has announced a strategic partnership with Naehas, a financial services customer experience cloud specialist. The partnership aims to accelerate personalised banking services and streamline financial product offerings. By combining NTT DATA’s extensive technological capabilities with Naehas’ financial expertise, the collaboration promises to enhance time-to-market for financial products, improve risk management,...

In a report released by the LSEG titled "The Future of Wealth: Why Consistency Matters," the transformative role of AI in wealth management is extensively discussed. The study, drawing on a global survey of 2,000 investors and insights from 250 senior executives across wealth management firms, sheds light on the evolving expectations and operational shifts within the industry. The report...

Key Latin American FinTech investment stats in Q2 2024: Latin America FinTech deal activity dropped by 77% YoY Brazil continued to dominate the Latin American market as the most active country in the region with 38% of all deals Celcoin secured the biggest deal for Q2 2024 in Latin America with a $125m funding round In Q2 2024, the LATAM...

Whilst its existence in the industry has been known for countless years, the impact and use of AI in financial services has ramped up massively over the past three years. In the area of risk assessments, how has AI changed this process? According to Mahesh Patil, chief technology officer at Qkvin, risk management is a crucial aspect of most regulated...

KYC Portal CLM, a provider of end-to-end client lifecycle management solutions, has recently announced the launch of its innovative SaaS model.

Regnology has launched Regnology Granular Data (RGD), a groundbreaking integrated data model designed to redefine regulatory reporting.