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Deal Updates

finnCap Cavendish advises on Boku Identity sale

finnCap Cavendish, part of financial advisory firm, finnCap Group, has advised on the sale of Boku Identity division, to Twilio, a US-based cloud communications platform.

Moneyhub calls for OpenData revolution

Moneyhub, the market leading Open Data and Payments platform, has called for greater data-sharing among financial firms as part of its response to the FCA’s Consumer Duty Proposals.

CyberCube and Duck Creek partner to bolster cyber underwriting

Cyber risk analytics specialist CyberCube has partnered with Duck Creek Technologies a leading provider of software-as-a-service (SaaS) insurance core systems, to streamline the underwriting of cyber insurance policies.

Why IDmission is betting on composable KYC

Founded in 2011, IDmission helps businesses verify customers’ identity remotely. The enterprise’s platform supports face scans, fingerprints, video conferences, iris scans, selfies, voice recognition and a number of other ways of using biometrics to verify customers’ identities.

US regulators slap National Bank of Pakistan with $55m fine

The National Bank of Pakistan has agreed to pay $55m in fines imposed on its New York branch by three US regulators.

RegTech unicorn Chainalysis to provide BNY Mellon with crypto compliance tools

Blockchain data platform Chainalysis will supply its compliance software to the Bank of New York Mellon to help with cryptocurrency regulatory processes.

Specialist FinTech investor CommerzVentures hits final close on third fund

Specialist FinTech investor CommerzVentures has closed its third fund on €300m, which will back early and growth-stage companies in the sector.

BIS unveils green bond fund to finance sustainable projects in APAC

The Bank for International Settlements (BIS) has launched a green bond fund that is dedicated to aid the financing of green projects in Asia Pacific.

Web app security startup Feroot secures $11m seed

Website and web app protection firm Feroot Security has snared $11m in a seed financing round led by True Ventures.

Virgin Money registers under CRM for boosted anti-fraud efforts

UK bank Virgin Money has become fully registered to the Contingent Reimbursement Model Code (CRM Code), a voluntary standard aimed at anti-fraud.

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