Travel and expense management fraud to rise, as will fraud
Total revenue generated by travel and expense (T&E) management is expected to reach $16bn by 2027, rising from $8.7bn in 2022.
SecondSight secures $3m, exits stealth to shake up cyber insurance
Cyber insurer SecondSight has exited stealth with the launch of its AI-driven platform and an oversubscribed $3m seed round.
38% of firms lack knowledge on FCA’s new Consumer Duty
Over a third (38%) of firms have limited knowledge of the FCA’s new Consumer Duty, with many turning to technology and data to solve their woes.
SEC slaps real estate firm with $600m fine for ponzi scheme
The Securities and Exchange Commission (SEC) has charged National Reality Investment Advisors and four of its former execs for running a ‘ponzi-like scheme’.
FCA hits Gatehouse Bank with £1.5m fine
The FCA has fined Gatehouse Bank over £1.5m for substantial weaknesses in its financial crime system and controls.
72% of people prefer face verification for online transactions
Seven-in-ten (72%) of consumers prefer to use face verification to secure online transactions, according to a report from iProov.
ZEDRA taps Clausematch for policy management platform
ZEDRA, a firm that provides active wealth, pensions and incentives and fund solutions, has linked with Clausematch to adopt its policy management platform.
Financial services fear fraud rise with cost-of-living crisis
Nearly half (43%) of financial services expect the cost-of-living crisis to increase the risk of financial crime and fraud over the next 12 months.
Ex-Austrian Chancellor Kurz sets up CyberTech company
Sebastian Kurz, the former Chancellor of Austria, is launching a cybersecurity business with the ex-head of the Israeli NSO Group.
IronVest rises from stealth with $23m seed funding
IronVest, a biometric, account-access security firm, has secured $23m in seed funding as the company comes out of a period of stealth.
