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Deal Updates

Cybersecurity-focused investor TenEleven Ventures is back in fundraising market

Cybersecurity focused venture capital firm TenEleven Ventures is currently in the fundraising market for its newest fund.

Keyfactor raises $77m from Insight Venture, supporting market expansion plans

Digital identity management solution Keyfactor has closed its growth funding round on $77m to support its market expansion.

UAE Banks Federation to combat cheque fraud

UAE Banks Federation (UBF) has proposed improvements to cheque verification processes to help lower fraud and help the country move towards being a cashless society.

European Commission fines MasterCard €570m for antitrust breach

The European Commission has fined MasterCard €570m for breaching EU antitrust rules.

Accuity to provide AML/CTF support for Dutch asset manager DEGIRO

Accuity, financial crime compliance, payments and KYC solution provider, has teamed with DEGIRO to automate customer account screening.

European Supervisory Authorities to aid information exchanges needed for AML/CFT

The European Supervisory Authorities (ESAs) has established a multilateral agreement for the ‘practical modalities’ for information exchange between the European Central Bank (ECB) and AML/CFT competent authorities (CAs).

Italian FinTech Objectway acquires Algorfin

Objectway, a software developer for the wealth and asset management industries, has acquired Algorfin for an undisclosed amount.

Zwipe pulls in $14m funding, ahead of trading on Merkur Market

Norway-based biometric technology developer Zwipe has closed a new round of funding on NOK 120m ($14m), ahead of the release of trading on Merkur Market, Oslo Børs.

Korea’s FSC to prioritise FinTech innovation for 2019

Korea’s Financial Services Commission (FSC) has prioritised FinTech innovation for 2019 after the country has established the ‘groundwork’ with regulatory, budgetary and institutional support.

The European Banking Authority publishes final CRR guidelines

The European Banking Authority (EBA) has published its final guidelines around exposures associated with high risk under the Capital Requirements Regulation (CRR).

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