Cybercrime, new laws and Brexit revealed as major concerns for British financial services firms
The UK’s impending divorce from the EU may be grabbing the headlines at the moment, but cybersecurity and regulatory compliance concerns are also among the top worries of British financial services.
Global regulators to grill Facebook about its planned Libra project
Representatives from Libra will be interviewed by officials from 26 global central banks on Monday in a bid to ease worries about its impact on the financial market. At the same time, investor interest in crypto seems to waning.
Middesk nets $4m in seed round led by Accel
Business verification and risk assessment platform Middesk has netted $4m in its seed funding round led by Accel Partners.
Software developer Element AI bags $150m in its Series B round
Element AI, a developer of AI-powered solutions for financial services and cybersecurity, has bagged CAD $200m ($150m) in its Series B.
The capital injection was...
French finance minister warns that Facebook’s Libra project would put an end to states’...
Bruno Le Marie, France’s finance minister, said on Thursday that Facebook’s upcoming cryptocurrency Libra should be stopped as it put “the monetary sovereignty of states [in] jeopardy.”
Nearly half of UK consumers likely to abandon multi-step authentication processes – Forter claims
Nearly half of UK consumers are likely to abandon future purchases if they are faced with a multi-step authentication process, a study from Forter claims.
Margrethe Vestager flags for potentially stricter EU data rules
Margrethe Vestager, the European commissioner for competition, is not slowing down and is now looking to create even stricter data rules.
Kovrr secures $5.5m in financing to support global growth
Kovrr, a cyber risk modelling company, has secured $5.5m in a financing round which will foster the startup’s global growth.
Shape Security closes funding round which sees it join the unicorn club
Bot and online fraud mitigation platform Shape Security has raised $51m in a new growth funding round, which brings its valuation to $1bn.
Ping Identity reveals IPO for the New York Stock Exchange
Ping Identity, an IT security and identity authentication platform, has revealed its initial public offering of its common stock on the New York Stock Exchange under the name PING.
