Deal Updates

More than half of consumers (68%) abandoned a financial application during the onboarding process in 2021, up from 63% in 2020, research from Signicat claims.

The Central Bank of Sri Lanka (CBSL) is developing a green finance taxonomy that will provide a framework for investment analysis when funding green projects.

Finicity, a Mastercard company, and PayTech company Fiserv has teamed up to boost open finance through secure data sharing.

Wherever you look in the financial sphere, the competition is fierce. Attention is at a premium in the modern digital world, meaning financial institutions need to find a way to grab this attention with both hands.

Cyberpion, an attack surface management specialist, has raked in $27m from a Series A funding round led by U.S Venture Partners.

Cyera, a company that specialises in cloud data security, has arisen from stealth with $60m in funding to lead the ‘data-first revolution’ in cloud security.

There have never been more regulatory pressures for financial institutions than there are now, and it is only getting harder. Every year, regulators release a new batch of legislation or updates to existing mandates, all of which firms need to keep up with.

In a world that is continuing to become more connected and less restricted by place, there are growing challenges surrounding the increasingly fluid nature of financial crime. Prior to 2020, financial crime in the digital world was already growing. However, with the onset of the pandemic, this practice was set to skyrocket.

Effectiv, a developer of no-code risk management service, has scored $4m in its seed funding round.

The FBI’s Internet Crime Complaint Center (IC3) revealed it received 649 complaints of ransomware attacks that had targeted critical infrastructure organisations last year.