RegTech

OBIE recommends improvements to payment capabilities and refund functionality for Open Banking

The Open Banking Implementation Entity (OBIE) has recommended an improvement to the payments capabilities and refund functionality.

FaceApp raises security and privacy concerns

While the app enabling people to see older versions of themselves has delighted many, some have warned that FaceApp may poise some serious privacy and security concerns.

Cybersecurity expert warns AI bias could spell out serious risks

Having biased programmers and data sets could lead to your digital defences being too weak, warns Aarti Borkar, vice president at IBM Security, IBM’s cybersecurity arm.

KeyCorp risk losing up to $90m after disclosing fraudulent activities

Bank holding company KeyCorp saw its shares drop by 1.2 per cent after revealing suspected fraudulent behaviours by one of its customers.

Online ID platform Berbix closes seed round on $2.5m

Berbix, an online identity verification platform, has closed a $2.5m seed round to support further partnerships within the market.

ContractPodAi collects $55m in Series B led by Insight Partners

ContractPodAi, a contract lifecycle management software company, has collected $55m in its Series B round.

MHR Analytics poll reveals almost three-quarters of people are insecure about their data

Business intelligence and analytics company MHR Analytics’ survey has unearthed that 73% of respondents are not confident about their data and numbers on month-end closes and audit submissions.

OceanEx closes Series A as it looks for global regulatory compliance

OceanEx, a cryptocurrency exchange, has closed its Series A to support its goal of reaching regulatory compliance globally.

Green Bay Ventures pulls in up to $46.1m for new growth fund

Green Bay Ventures has pulled in up to $46.1m for its latest growth fund, RegTech Analyst can reveal.

Cybersecurity company OneSpan teams up with FinTech firm Avaloq to prevent fraud

Avaloq, the FinTech company, has integrated Chicago-based OneSpan, the enterprise offering a cloud-based anti-fraud platform, into its cloud-based banking platform.

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