RegTech

The Financial Conduct Authority (FCA) has asked lenders to help consumers deal with the cost-of-living crisis as consumers continue to bear the brunt.

Founded in 2015 and spun out of ETH’s Laboratory for Software Technology, xorlab harnesses machine intelligence to defend organizations against never-been-seen-before cyber threats in email, and soon also in other services like Slack, Teams or Confluence. Its software understands human communication behavior and relationships to uncover even the most sophisticated attacks.

RapidFort, a software attack service optimisation platform, has reportedly collected $8.5m in its seed funding round.

Data breaches are becoming increasingly costly. In 2021, the cost of a data breach reached $4.24m, up from $3.86m, according to data by IBM.

Sustainability ratings business EcoVadis has raised $500m in a funding round, which makes it the latest sustainability impact unicorn.

In an increasingly digital and connected world, the need to stay alert to new challenges has never been clearer.  

RegTech solution provider Regnology has acquired Tax Information Reporting (TIR) software from PwC UK.

Jit, an Israel-based firm looking to help developers simplify security during the development of cloud apps, has landed $38.5m in a seed round.

Founded in 2013, MAP FinTech is now one of the older companies in the RegTech sector. The company is a provider for the financial services industry and specialises in reporting solutions from the requirements of a range of complex international regulations.

GreyNoise Intelligence, a firm that specialises in threat intelligence, has landed $15m in a Series A round headed by Radian Capital.