ComplyAdvantage founder backs TreeCard’s $5.12m raise
ComplyAdvantage's founder has backed TreeCard's $5.12m seed raise, which will be used to continue the development of its wooden Mastercard payment card and its tree-planting scheme.
Quantifind releases Chinese language support for its Graphyte platform
Quantifind, which has built a SaaS solution used by banks to automate name screening and financial crimes investigations, has launched Chinese language support for...
European financial institutions lose over €5bn every year on poor customer onboarding
Poor onboarding practices cost European financial institutions over €5.7bn every year, according to new research.
69% of business leaders to increase FinTech investment over the next couple of years
Over two-thirds (69%) of business leaders are expecting their company to increase their investment in FinTech during 2021 and 2022, according to a report from cybersecurity company ESET.
FCA to return £3.42m to victims of unauthorised investment schemes
The Financial Conduct Authority has obtained High Court approval to return £3.42m to compensate victims of a series of unauthorised deposit taking and collective investment schemes.
Germany-based RegTech startup Sawayo bags €1.5m in seed funding
Sawayo, which is building a SaaS compliance and workflow automation platform, has bagged €1.5m in seed funding.
Atos has completed its acquisition of Motiv ICT Security
Managed security service provider Atos has completed its acquisition of Dutch cybersecurity company Motiv ICT Security.
UK cybersecurity firms grew their revenues to $12.51bn in 2020
UK cybersecurity companies grew their revenues to $12.51bn in 2020, representing a 7% increase from 2019 when that figure was $11.69bn.
SolarWinds hackers breached NASA and Federal Aviation Administration networks
NASA and the Federal Aviation Administration have been named in reports as the previously undisclosed governmental agencies breached in the massive SolarWinds attack.
Over £20m worth of fraud averted by banking industry-funded police unit
A specialist policing unit funded by the banking and finance industry revealed that £20m worth of fraud was prevented in 2020 – a figure up by £1m compared to 2019.
