Study finds AML compliance costing UK firms over £28bn a year
A study by LexisNexis Risk Solutions has found anti-money laundering (AML) compliance is costing UK financial institutions £28.7bn and will raise to £30bn by 2023.
Cyber firm SentinelOne eyes IPO price as it gears up for offering
Cybersecurity firm SentinelOne has revealed it intends to raise up to $928m on its initial public offering (IPO) as it anticipates an IPO price range of between $26 to $29 per share.
Bank of England FinTech chief underlines privacy, crime tackling benefits of CBDCs
The Bank of England (BofE) FinTech chief has said the introduction of a central bank digital currencies (CBDC) doesn’t require a trade-off between privacy and tackling financial crime.
US introduces first cyber czar to bolster government response to cybercrime
The United States Senate has confirmed Chris Inglis as the first-ever cyber czar for the US government.
BearingPoint to create RegTech juggernaut with Vizor Software acquisition
BearingPoint RegTech has signed an agreement to purchase global tech firm Vizor Software for an undisclosed fee and subject to regulatory approvals.
Cyber firm Claroty rakes in $140m from Series D, unicorn status uncertain
US industrial cybersecurity company Claroty has raised $140m from a Series D funding round co-led by Bessemer Venture Partners’ Century II fund and 40 North Ventures.
EU tech law risks destroying iPhone security, Apple chief warns
The CEO of Apple has warned that a proposed new European Union technology law aimed at reigning in tech behemoths could ‘destroy the security of the iPhone’.
Cyber firm Threatray secures €2.3m to fuel team expansion
Swiss cybersecurity analytics enterprise Threatray has raised €2.3m from a funding round led by Verve Ventures.
President Biden provides off-limit hacking list in US-Russia bilateral meeting
President Biden used a recent US-Russia bilateral meeting with President Putin to outline 16 infrastructure that should not be victim to cyberattacks in future.
ECB: Digital euro will be a complement to cash, not a replacement
European Central Bank (ECB) executive board member Fabio Panetta has claimed that despite the growth in digital currency, there is still a huge demand for physical cash.
