HSBC unveils new risk scenario tool to support risk and trading teams
HSBC has introduced the Risk Advisory tool, a solution aimed at helping the management of credit more efficiently for risk and trading teams.
An anniversary to forget: one year on from the FinCEN files leak
Documents from the US Financial Crimes Enforcement Network (FinCEN) were leaked to the press and published globally in September 2020. It exposed over 2,100 documents and around $2trn in transactions and showed how some of the world’s largest banks enabled criminals to move dirty money around the globe. A year on, has the industry been able to clean up its act?
CISA unveils tool to help organisations assess insider threat vulnerability risk
The US Cybersecurity and Infrastructure Security Agency (CISA) has released a tool that will allow organisations to assess vulnerability to insider threats and create defence plans.
SecZetta eyes geographical expansion following $20m Series B
Identity risk solutions business SecZetta has secured $20m from a Series B funding round led by SYN Ventures and MassMutual Ventures.
How can firms assess the risks associated with a politically exposed person?
A recent webinar by Alessa by Tier 1 Financial Solutions has examined what constitutes a politically exposed person (PEP) and why relationships with certain PEPs may offer increased financial crime threats.
Security giant Akamai to acquire Guardicore in $600m deal
Edge security and content deliver firm Akamai Technologies is set to purchase micro-segmentation company Guardicore for a total of $600m.
Theta Lake, Vidyard team to boost video security and compliance for regulated industries
Theta Lake has partnered with video platform Vidyard to strengthen video security and compliance for companies in highly regulated industries.
Cyber insurer Coalition enhances unicorn status with $205m Series E
Cyber insurance and security firm Coalition has raised $205m from a Series E funding round, lifting its valuation to $3.5bn.
ForMotiv capitalises on 500% ARR growth with seed round close
ForMotiv, which leverages behavioural data to help insurance carriers detect fraud, has experienced a stellar 500% annual recurring revenue (ARR) growth in 2021, culminating in the close of its seed round on $6m.
CFTC slaps Citibank with $1m fine for violating swap dealer regulation
The Commodity Futures Trading Commission (CFTC) has imposed a $1m fine on Citibank and Citigroup Global Markets for failing to comply with certain swap dealer requirements.