Are changing regulations a threat for WealthTech firms?
Wealth management institutions have been dealing with greater complexity in areas of compliance and regulation. As the number of jurisdictions increases, so does potential liability and, as a result, global companies must embrace digitalisation to stay clear of legal hot waters.
CISA offers government and private sector guidance on ransomware prevention
The US Cybersecurity and Infrastructure Security Agency (CISA) has shared guidance on how the government and private sector can prevent ransomware data breaches.
Compliance management startup Regology secures $8m in its Series A
Regology, which automates enterprise compliance processes through AI, has netted $8m in its Series A funding round.
Web application attacks on financial services see sharp incline in H1 2021
A study by cybersecurity firm Imperva Research Labs has found web applications attacks on the financial services industry hiked 38% between January and May 2021.
Nearly $1bn was issued in AML, KYC and data privacy fines during H1 2021
A total of $937.7m has been issued in fines for non-compliance with anti-money laundering, know your customer and data privacy regulations, in H1 2021.
Ten brands account for 56% of impersonation-based phishing attempts
Just ten brands accounted for more than half of all spoof and impersonation-based phishing, a new report from Area 1 Security finds.
Clausematch eyes bolstered compliance offering with new program launch
RegTech firm Clausematch has launched a Partnerships and Certification program for financial institutions and regulators.
Cybersecurity startup Blumira raises $10.3m in its Series A round
Blumira, a provider of automated threat detection and response technology, has raised $10.3m in its Series A round, which will help it bolster its technology innovation.
OECD offers policy recommendations for AI regulation in financial services
The Organisation for Economic Co-operation and Development (OECD) has published a new report offering policy advice on the regulation of AI in financial services.
Compliance firm PolicyCo bags $1.5m in seed funding
RegTech firm PolicyCo has raised $1.5m in a seed funding round led by venture capital and management firm Powered Health.
