EU faces investor backlash over Sustainability Reporting Standards overhaul
A collective of key investor-related stakeholders have published a joint statement urging the EC to reconsider its proposed changes to the ESRS.
Exploited loophole causes major $20m security breach for Revolut
In 2022, Revolut faced a significant security breach, leading to a loss of $20m due to a fault in its payment processing system, as...
Layer-1 blockchain firm Shardeum nets $5.4m in strategic funding
Shardeum, a "highly-scalable EVM-based layer-1 blockchain deploying dynamic state sharding," has successfully closed a $5.4m strategic investment round.
IDEX Biometrics and Beautiful Card Corporation ramp up biometric smart card production in Asia
IDEX Biometrics, a global leader in fingerprint biometrics, has entered into a collaboration with Beautiful Card Corporation (BCC), one of the world's leading smart card manufacturers, to increase the distribution of biometric smart cards in Asia.
China finalises Ant Group’s regulatory overhaul with hefty fine
The Chinese authorities levied a hefty fine of $984m on Ant Group for breaching consumer protection and corporate governance laws, according to a report from Reuters.
1Kosmos BlockID debuts in NayaOne’s FinTech Marketplace
1Kosmos, an innovator in unifying identity proofing and passwordless authentication, today announces the launch of its distributed identity cloud service, BlockID, on NayaOne, a principal FinTech ecosystem platform serving financial service providers.
HSBC fuels Glasswall’s expansion with a £5m loan
HSBC UK, an established banking institution, is investing £5m in Glasswall, a London-based cybersecurity firm with a second headquarters in the US.
Navigating the 2023 AI Surge: The critical role of quality data and human expertise
As we move deeper into 2023, AI breakthroughs are dominating the global business landscape. The capabilities of generative systems and large language models have gripped the public's attention, with companies across various sectors investing heavily in these AI-centric technologies. However, the success of these investments heavily relies on the quality of data used to train these systems and the in-house expertise of the organisations implementing them.
Maximising risk management: The indispensable role of enterprise-wide risk assessment solutions
The constant evolution and intricacy of today's risk environment demand robust financial crime risk management tools. As financial crime threats and risks continuously evolve, an Enterprise-Wide Risk Assessment (EWRA) has become essential for regulated businesses.
Utilising AI in the Shift Towards Perpetual KYC
The FinTech landscape is increasingly gravitating towards perpetual know your customer (KYC) protocols. As part of this evolution, the operational pillars are rapidly transforming. Graham Bailey, COO of Quantifind, and Brian Kindle, VP of product development at ACFCS, shed light on this shifting terrain in a new podcast on the foundational elements of perpetual KYC.
