BehavioSec launches new tools for new account fraud detection
Behavioural biometrics company BehavioSec has released new tools which improve new account fraud detection.
Thomson Reuters acquires regulatory and legal support platform HighQ
HighQ, a provider of regulatory and legal support, has been acquired by Thomson Reuters for an undisclosed amount.
GRC management platform VComply nets $2.5m in seed round
VComply, a GRC management platform, has netted $2.5m in its Seed funding round led by US-based venture capital firm Accel.
Old people may be reluctant to use TSB and Jumio’s new way of opening...
TSB Bank has joined forces with Jumio, the identity-verification startup, to enable customers to access their bank accounts with a selfie. However, old people may not be keen to use it.
Financial institutions need to put conduct risk on same priority level as KYC/AML
KYC and AML have received a lot of RegTech focus, but conduct risk needs to receive more attention, according to Dilip Mohapatra, founder at Cognitive View.
Banking software company Temenos acquires Logical Glue for £12m
By scooping up London-based Logical Glue, Temenos is strengthening the legal compliance of its banking platform.
OBIE recommends improvements to payment capabilities and refund functionality for Open Banking
The Open Banking Implementation Entity (OBIE) has recommended an improvement to the payments capabilities and refund functionality.
FaceApp raises security and privacy concerns
While the app enabling people to see older versions of themselves has delighted many, some have warned that FaceApp may poise some serious privacy and security concerns.
Cybersecurity expert warns AI bias could spell out serious risks
Having biased programmers and data sets could lead to your digital defences being too weak, warns Aarti Borkar, vice president at IBM Security, IBM’s cybersecurity arm.
KeyCorp risk losing up to $90m after disclosing fraudulent activities
Bank holding company KeyCorp saw its shares drop by 1.2 per cent after revealing suspected fraudulent behaviours by one of its customers.
