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Financial Crime/Fraud Prevention

Security automation firm ContraForce inks $2m seed

No-code security automation company for SMEs ContraForce has raised $2m from a seed funding round.

PlainID secures $75m from Insight Partners-led Series C

Cybersecurity firm PlainID has raised $75m from a Series C funding haul headed by US VC and private equity company Insight Partners.

Acuminor unveils updated ThreatView platform

Financial crime prevention firm Acuminor has updated its ThreatView platform to bolster its financial crime support offering.

Why 2021 was a red-letter year for RegTech

After a tough 2020, the world looked to 2021 with the optimism of a new beginning and hoped for respite from the Covid-19 pandemic. While the pandemic still looms large, businesses globally are learning how to operate in this new normal. With in-person interactions still a stretch for many, RegTech solutions are being given their time to shine.

FinCEN eyes modernised regulatory regime for AML/CFT in the US

The Financial Crimes Enforcement Network (FinCEN) has issued a consultation that is seeking comments on ways to modernise, streamline and update the US AML/CFT regulatory regime.

Young and old people found to be most prone to falling victim to phishing

A large-scale phishing study by ETH Zurich has found that the youngest and oldest people are most likely to click on phishing links.

ZeroFox to go public, joins forces with IDX for cybersecurity

Cybersecurity firm ZeroFox has entered into an agreement with special purpose acquisition company (SPAC) L&F Acquisition Corp to become a publicly traded company and will also acquire digital privacy company IDX.

Noname Security joins the cyber unicorn club following Series C

US-based API security firm Noname Security has secured the unicorn horn after a recent $135m Series C pushed its valuation over $1bn.

How QuantaVerse is applying AI and machine learning to improve AML program effectiveness

Innovations in anti-money laundering (AML) are leading to many businesses reenvisioning how they approach compliance. As financial institutions welcome modern technologies to better adhere to regulations, they realise other benefits from automating their AML practices, says QuantaVerse Founder David McLaughlin.

Cloud security remediator Dazz bags $60m funding

US cloud security remediation firm Dazz has secured $60m from a funding raise.

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