Spend on Australian cards dipped in 2020, but value of fraud increased
Overall spend on Australian cards in 2020 was down by 2.2% - the first recorded drop – but the overall value of card fraud increased by 0.6%.
Pngme gears up hiring efforts following Series A close
Pngme, a financial data management platform, has closed its Series A round on $15m to support the growth of its global team.
Fenergo acquired by European private equity firms in $600m deal
Irish RegTech firm Fenergo has been successfully acquired by private equity firms Astrong and Bridgepoint in a $600m agreement.
Napier deploys its transaction monitoring technology into crypto payment company
Napier, a supplier of advanced anti-financial crime compliance tools, has implemented its AI technology into cryptocurrency payments service BCB Group, to improve anti-fraud capabilities.
Serbia-based Trickest closes seed round to spur hiring drive
Serbia-based cybersecurity platform Trickest has reportedly raised €1.4m in its seed round, which will accelerate its recruitment efforts.
SEBI looks to ease regulatory compliance burden with debt securities merger
The Securities and Exchange Board of India (SEBI) has merged its rules for debt securities into a single regulation to ease the regulatory compliance burden on organisations.
People.ai joins the unicorn club after Series D close
Revenue operations and intelligence platform People.ai has hit a $1.1bn valuation after it closed a $100m Series D funding round.
US making cybersecurity progress but work still needed, congressional report details
A report by the US Cyberspace Solarium Commission has found the US has made significant progress in shoring its cyber defences but that its work is not over yet.
FCA receives over 2,700 financial misconduct complaints over 2020/21
The Financial Conduct Authority (FCA) has revealed it received a total of 2,754 allegations of financial misconduct over the 2020/21 financial year.
Why increased regulation and compliance requirements might be a concern for FinTechs
Regulatory compliance is constantly changing and creating a ripple effect with consequences impacting the global financial sector. While keeping up with the changes can be challenging, FinTechs must have solid risk management controls in place to ease this burden.
