Israeli cybersecurity firm SIGA snares $8.1m in Series B round
Operational technology cybersecurity business SIGA OT Solutions has secured funding of $8.1m from a Series B capital raise.
LedgerEdge teams up with Eventus to boost global trade surveillance
Blockchain-based corporate bond trading startup LedgerEdge has selected multi-asset class trade surveillance and market risk solutions provider Eventus Systems for its trade surveillance platform dubbed Validus ahead of its launch.
Japanese Financial Services Agency steps up plans to establish new ESG framework
The Japanese Financial Services Agency (FSA) has revealed it is planning to develop a new framework for the certification of ESG-related products.
US Senate report finds government agencies failing to improve cyber posture
A report published by US Senate Committee has found only one of eight federal agencies showed improvements in strengthening their cybersecurity programs.
Bank of Korea set to kick-off central bank digital currency pilot
The Bank of Korea (BOK) has revealed it is planning to initiate its central bank digital currency (CBDC) pilot later this month.
Plaid to pay $58m to settle a class-action lawsuit centered on data privacy
Plaid agreed to pay $58m to settle a class-action lawsuit where consumers' claimed that the financial technology company obtained and used bank account credentials and financial...
SEC charges two men for allegedly misleading consumers with sales of securities
The US Securities and Exchange Commission (SEC) has charged two men and their Cayman Islands-based company for unregistered sales of over $30m of securities through smart contracts and decentralised finance (DeFi) technology.
SEC chair highlights US cryptocurrency regulation shortfalls
The Securities and Exchange Commission (SEC) chair has outlined gaps in US regulation of cryptocurrencies that could cause investor risk and financial crime concerns.
The key regulatory challenge facing the financial industry that you should know about
Regulators are striving to strike a balance between ensuring data security and privacy, and facilitating cyber compliance. As policy-makers attempt to develop a regulatory framework for a safer digital environment, financial firms must appropriately navigate the industry’s everchanging environment.
BIS paper outlines Big Tech regulation challenges in financial services
The Bank for International Settlements (BIS) has published a paper underlining the challenges caused by rapid Big Tech growth in the financial services sector.
