Deal Updates

Orca Security has raised $550m in its Series C round, doubling its valuation in the past seven months to reach $1.8bn.

A bill drafted by the US Senate and House of Representatives would require victims of ransomware attacks in the US to report any payments to hackers within 48 hours.

The Hong Kong Monetary Authority (HKMA) has begun the first steps of exploring a central bank digital currency (CBDC) with the release of a technical whitepaper.

There are few companies to have gone through two foundations, but a shift in core business focus following the financial crisis helped eflow Global become a pioneer in RegTech.

Duality Technologies, a developer of privacy-enhanced data collaboration solutions, has collected $30m in its Series B funding round.

A huge challenge for companies and consumers alike during the pandemic was the inability for business matters to be conducted in-person. As countries globally entered lockdowns, the possibility for wet signatures – a signature commonly done with pen and paper – become almost impossible.

Founded in 2014, RegTech firm Clausematch markets an automated policy management and regulatory change management platform to help financial institutions amongst other regulated organizations digitize their policies and procedures. As organizations look to simplify their regulatory processes, does digitization represent the future of compliance?

US President Joe Biden has said that the US will unite 30 countries to crack down on the threat posed by ransomware gangs worldwide.

The UK will invest £5bn into the creation of a Cyber Force unit that will strike back on cyberattacks with retaliatory hacks.

Germany digital bank N26 has been issued a €4.5m fine from the Federal Financial Supervisory Authority (BaFin) for its delay in submitting reports around AML.