Tag: technology

The recently launched 2024 Surveillance Benchmarking Survey & Report from 1LoD and co-sponsored by MCO (MyComplianceOffice), sheds light on the evolving landscape of surveillance across financial institutions. The insights, gathered from over 30 prominent banks globally, highlight significant developments in the ways these institutions approach compliance and surveillance.

The strategic choice of the right technology platform is pivotal for firms aiming to enhance business focus, increase value, and solidify compliance as an integral part of their operations. However, the decision-making process to select an appropriate compliance solution is fraught with challenges. These include the risk of overspending, choosing software that fails to address both current and future needs, or enduring a difficult implementation phase.

Key Global Lending Tech seed investment stats in Q1 2024: • Lending Tech seed deal activity reached 46 funding rounds in Q1 2024, a 49%...

Key USA InsurTech investment stats in Q1 2024: • USA InsurTech deal activity reached 41 funding rounds in Q1 2024, a 32% drop from Q1...

OTPless, a mobile authentication startup, has secured $3.5m in its pre-series A funding round.

Financial institutions have often relied on excel spreadsheets for their data analytics. This is leaving many firms with a legacy system that is not effective in the increasingly complex financial market.

StepSecurity, a cybersecurity firm specialising in CI/CD pipeline and infrastructure protection, has successfully closed a $3m seed funding round.

In recent years, the integration of generative artificial intelligence (GenAI) tools within the financial sector has seen remarkable growth. A study conducted by ORX, a leading operational risk association, reveals that 75% of the world’s major banks and insurers are now utilizing external GenAI applications in their operations.

Tines, a leading provider of smart, secure workflow solutions, today announced an impressive $50m in new financing.

Prophet Security, a company that has just stepped out of stealth mode, has announced securing $11m in seed funding.