End-to-end cybersecurity solution Oomnitza closes its Series B on $12.5m
Oomnitza, which helps companies to secure and manage their digital presence, has closed its Series B round on $12.5m.
High Court slams Avacade and Alexandra Associates with £10.7m fine
The UK High Court has ordered pension introducers Avacade, Alexandra Associates and their directors to pay £10.7m restitution to consumers.
Value of anti-money laundry fines have jumped to $706m since 2019
The amount businesses are fined for failing to live up to their anti-money laundering commitments have skyrocketed in the last year, according to new research from Duff & Phelps.
Check out the 29 FinTech companies to raise rounds last week
Last week's FinTech funding rounds highlight the fractured neobank scene, show the sector's coronavirus struggles and demonstrate some areas industry stakeholders should be interested in right now.
Customers abandon purchases because of strong customer authentication processes
Last year, the EU started to roll out its strong customer authentication (SCA) rules to make it safer to buy things online, but it seems it is making customers abandon their purchases, according to new Microsoft research.
Cybersecurity startup clean.io nets $5m in its Series A round
clean.io, which protects enterprises from the execution of malicious and untrusted JavaScript, has bagged $5m in its Series A round.
RegTech software developer Thentia secures investment from Business Development Bank of Canada
Thentia, which helps companies meet their regulatory requirements, has bagged a Series A investment from the Business Development Bank of Canada (DBC).
How Muinmos makes it easier for businesses to stay abreast of MiFID II
Having already established itself as a leader in automated regulatory compliance, Muinmos has now taken additional steps to make it easier for businesses to meet regulatory demands.
Cybersecurity spending increases as companies combat rising threats
Cyber threats are as troublesome as ever and with masses of people working from home, attacks could be rising. Financial institutions are noting the rising threat and have increased their spending budgets for defences.
MAS is doubling down on its efforts for people to adopt SORA
The Monetary Authority of Singapore (MAS) has launched several initiatives to boost the adoption of its new interest benchmark.
