Mastercard expands TRACE to the Philippines to fight money laundering in real-time payments
Mastercard, a global payments technology company, has announced the launch of its AI-driven financial crime detection solution TRACE (Trace Financial Crime) in Asia Pacific.
The...
ION and Avalara join forces to streamline tax compliance in energy trading
ION Commodities, a global provider of energy and commodity trading and risk management solutions, has announced a strategic partnership with Avalara, a leading cloud-based tax compliance automation provider.
Jscrambler raises $5.2m to boost client-side security innovation
Jscrambler, a pioneer in client-side protection, has established itself as a key player in safeguarding web applications against evolving cyber threats.
The company has built...
Banks face heightened reputational and financial risks as romance scams surge
Romance scams, particularly in the form of sextortion, have experienced a sharp increase, with Moody’s identifying 1,193 new entities and individuals globally with potential connections to these types of frauds in 2024, marking a six-year high.
Drata strengthens trust management platform with SafeBase acquisition
Drata, a trust management platform, has entered into an acquisition agreement with SafeBase, a Trust Center solution provider for enterprises.
OneID secures funding to boost UK digital identity verification services
OneID, a provider of bank-verified digital identification services, has raised significant new funding to further expand its operations and services.
Rising impersonation scams: how financial firms can protect themselves
Financial services firms are being urged to stay vigilant as reports emerge of executives and employees being impersonated in WhatsApp scams that have led...
The future of KYC: how banks can navigate compliance and risk in 2025
In 2025, Know Your Customer (KYC) solutions will become essential for financial institutions looking to enhance their anti-money laundering (AML) frameworks. With increasing regulatory...
Tines raises $125m to accelerate AI-powered workflow innovation
Tines, an AI-powered workflow automation company, has secured $125m in a Series C funding round, bringing its valuation to $1.125bn.
ArmourZero lands investment from Gobi Partners to simplify cybersecurity for businesses
Gobi Partners, a leading venture capital firm in Asia, has invested in ArmourZero, a cloud-based cybersecurity company specialising in AI-driven Application Security and Security-as-a-Service (SECaaS).
