Federal Reserve Board proposes changes to payment system
The US Federal Reserve Board has issued the final guidelines that establish a transparent, risk-based and consistent set of factors for Reserve Banks to use when reviewing requests to access Federal Reserve accounts and payment services.
CyberTech Darktrace sees shares soar following takeover rumours
Shares in UK-based CyberTech Darktrace have soared by almost a fifth following rumours of a possible takeover by Thoma Bravo.
The story of Clausematch: ten years on
Back in 2012, Clausematch was born. The RegTech firm – competing in an industry which was at the time very young and green – has seen a lot over the past decade. What are some of its finest moments and what does it plan to do in the future?
Cowbell Cyber and Swiss Re join forces for cyber offering
Cowbell Cyber, a provider of cyber insurance for small and medium-sized enterprises (SMEs), has partnered with Swiss Re to offer cyber coverage to enterprises running their business on Amazon Web Services (AWS).
Eventus teams with AirCarbon Exchange to support trade surveillance
Trade surveillance and market risk solution developer Eventus will provide AirCarbon Exchange with its technology as part of a new partnership.
Cyber insurer Coalition acquires Digital Affect Insurance from Munich Re
Coalition, a cyber insurance provider, has acquired US property and casualty insurer Digital Affect Insurance Company from Munich Re Digital Partners US Holding Corporation.
German regulator BaFin calls on Allianz to bolster internal controls
BaFin, Germany’s financial watchdog, has called on Allianz to improve its internal controls following fraud at its US funds unit, Reuters claims.
Microsoft pays out $13.7m through bug bounty programs over last year
Microsoft recently revealed that over the past 12 months it has paid out $13.7m in rewards as part of its bug bounty programs.
Bahrain’s identity verification startup FACEKI closes seed
Identity verification platform FACEKI has reportedly closed its seed round on an undisclosed amount.
Why a ‘machine line of defence’ is needed for the FCAs Consumer Duty
With the UK’s FCA having released its final guidance on Consumer Duty proposals, firms have been given new requirements they must meet.