President Biden reveals plan to shield US electric power grids from hackers
In a new move to revamp the US power grid cybersecurity, President Biden unveiled a $2tn plan which included $100bn for a variety of infrastructure priorities such as upgrading the electric power grid and cybersecurity projects.
ID verification firm Veriff launches new facial recognition feature to verify people online
Veriff unveiled Face Match, an AI-powered feature that authenticates a person online with the aim to mitigate fraud and identity theft.
Veriff’s facial biometric technology matches the...
Quantifind forms a contract with the US’ Department of Defense
Quantifind, a SaaS platform designed to automate financial crimes investigations and screening, has formed a deal with the Defense Innovation Unit (DIU) within the U.S. Department of Defense.
ESMA fines Moody’s €3.7m for failing to disclose conflicts of interests
The European Securities and Markets Authority (ESMA) fined credit ratings firm Moody’s €3.7m for breaching rules including the failure to disclose conflicts of interests.
MPs slam FCA and tech giants for cashing in on pension scams
MPs have called out technology giants in the likes of Google and said they must be held to account for advertising pension scam adverts.
Fraud detection platform Feedzai forays into the unicorn club after $200m round
AI-based fraud detection firm Feedzai has landed a $200m round of funding with a valuation of over $1bn.
Quantexa partners with Deloitte to help firms fight against financial crime
Data and analytics software company Quantexa, has partnered with Deloitte as part of its global illicit finance and economic crime initiative to help firms with more...
Fraud prevention firm Seon closes a $12m Series A round
Online fraud-detection startup Seon raised a $12m Series A round led by Creandum.
Natwest faces money laundering charges by FCA over cash deposits
The Financial Conduct Authority (FCA) has begun criminal proceedings against banking giant NatWest Group PLC alleging that the company failed to follow anti-money-laundering regulations.
Modularbank adds AML to product offering after partnership with HAWK:AI
Estonian core banking provider Modularbank has added anti-money laundering (AML) capabilities to its services via a partnership with HAWK:AI, a Germany-based AML platform.