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Deal Updates

Over 90% of European FinTechs to use AI-risk decisioning to beat fraud

Over 90% of European FinTech companies plan to adopt AI-enabled risk decisioning to combat fraud, according to a study by risk decisioning software developer Provenir.

CMA unveils recomendations for future of open banking oversight

The Competition and Markets Authority (CMA) has published its recommendations for the future oversight and governance of the open banking sector in the UK.

Hackers plunder $600m in cryptocurrency from online game

A major digital cash heist has led to cryptocurrency valued at over $600m being stolen from a digital ledger used by players of the Axie Infinity online game.

Peter Thiel-backed Cloaked scores $25m in Series A

Cloaked, a company looking to support data privacy on platforms, has secured $25m in early-stage funding.

Cybersecurity to get a $10.9bn war chest in US budget for 2023

The White House has put forward a $10.9bn budget for cybersecurity for the fiscal year of 2023 in its budget for the upcoming year.

Liberty Strategic Capital to acquire Zimperium in $525m deal

Private equity firm Liberty Strategic Capital will snap up mobile security firm Zimperium in a deal being valued at roughly $525m.

Know Your Customer links with Tricor to simplify onboarding in Asia

RegTech firm Know Your Customer has partnered with business expansion specialist Tricor to simplify and digitise Tricor’s onboarding and AML processes across Asia.

Ping Payments taps Sentinels to strengthen AML controls

Payments services provider Ping Payments has chosen transaction monitoring and client risk management platform Sentinels to reinforce its AML controls.

eflow Global and GRSS enhance their partnership to provide managed surveillance solution

UK RegTech firm eflow Global has teamed with surveillance consultant GRRS to introduce a holistic market abuse surveillance solution to the market.

Worldline partners with Microsoft for anti-fraud

Global payments firm Worldline has established a partnership with Microsoft Dynamics 365 Fraud Protection to curb online fraud.

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