Legislation

Identity verification infrastructure Passbase has closed its Series A on $10m to support the creation of the first robust policy and workflow manager.

The Federal Reserve Bank of New York has launched an innovation centre aimed at boosting FinTech developments for the central bank community.

Device identity and authentication solution developer Entersekt has received a strategic investment from Accel-KKR.

Two-thirds of UK adults expect their bank to pay the bill in its entirety if they were the victim of fraud, regardless of the amount lost, a report from Akamai Technologies has found.

Muinmos was founded back in 2012 after Remonda Kirketerp-Møllersaw a big gap in the market for making client onboarding simpler and more efficient in financial services. With a rapidly growing global client base of banks, investment firms and asset managers, the company is emerging as a major player in key global markets.

The market opportunity for trade surveillance systems is steadily rising. A recent report from The Insight Partners asserted that the market will reach $2.7bn by 2028 – rising from $850m in 2019. Back in 2014, Travis Schwab sensed there would be growing demand for the sector and decided to capitalise on the gap in the market by founding Eventus Systems.

Identity verification and authentication platform Incode has earned its horn after a $220m funding round brings its valuation to $1.25bn.

Open banking provider Yolt has received a PSD2 license from De Nederlandsche Bank (DNB), which will be the backbone for its expansion in Europe.

Napier, which was recently named in the new RegTech100 list, will help ClearView improve its anti-money laundering (AML) capabilities as part of a new deal.

Kasada, a CyberTech company protecting companies from advanced bot attacks, has secured $23m in its Series C funding round.