Companies

Facebook’s Libra cryptocurrency may change the financial world, but authorities around the globe worry it might infringe on people’s privacy.

Luxembourg-based LuxTrust’s has developed IDKEEP, the privacy protecting platform. Now the platform is getting a private beta test together with Cambridge Blockchain, the compliance company.

Bangalore-based Razorpay, the payment company, has announced the acquisition of Thirdwatch, an enterprise using big data to prevent ex-commerce businesses becoming fraud victims.

Financial services organizations just got another way to beef up their protection against online application fraud as Emailage, the online fraud prevention and email risk assessment company, has signed a partnership with Featurespace, the risk detection and fraud prevention company.

Bahrain, Qatar, the United Arab Emirates and Saudi Arabia are all strengthening their privacy laws after the introduction of the EU’s data protection laws.

Polymath, the company endeavouring to make the processes of creating and managing security tokens smoother, has enlisted QRC, the RegTech consultancy, to help its clients with their security offerings.

Steele Compliance Solutions, a provider of integrated risk management solutions, has acquired Osprey Compliance Software.

Indonesia’s Financial Services Authority, known as the OJK, has forced 826 FinTech startups to close up shop

Most banks in Denmark will be ready for PSD2 by its implementation date, although the quality of the APIs will be debated – and there are concerns around the readiness for Strong Customer Authentication (SCA), according to Tobias Thygesen director of FinTech, payment services and governance division at Finanstilsynet.

The Middle East Africa and South Asia region is getting its first know your customer (KYC) data-sharing consortium in Dubai