RegTech

Canada-based quantum-safe cybersecurity product developer evolutionQ has raised $5.5m in its Series A funding round.

Up to 38 organisations have signed a pledge to strengthen cyber resilience and combat threats such as ransomware as challenges around cybersecurity globally increase.

HYCU, a company that helps organisations protect their data, has raised $53m from a Series B funding round.

Founded in 2019, Schwarzthal Tech is a UK-based RegTech startup that is developing Wunderschild Know Your NetworkTM, an AI-driven platform that provides financial crime intelligence and speeds up the look-up process for beneficiaries. Two years into its existence, what is next for the company?

Companies are facing increasing pressures to streamline customer-facing processes. The digital ecosystem emphasizes a world where people want things completed instantly and poor experiences mean switching to other providers. Chor Teh - financial crime compliance industry practice lead at Moody’s Analytics - has explored why customers should be at the front of onboarding processes.

The automatic verification of someone’s ID is undoubtedly the first building block in the onboarding process of a digital customer. However, what is needed in this process and what should you be looking for in a tool? 

Identity management platform ZITADEL has collected $2.5m in its seed funding round, which was led by Nexus Venture Partners.

Five of the world’s leading financial institutions have become cornerstone members of the Alliance for Green Commercial Banks.

Data protection platform Keepit has reportedly collected $22.5m in a debt financing facility as part of a partnership with Vaekstfonden, a Danish growth fund.

A Russian official has stated a ‘direct military clash’ could occur if Western governments continue to mount cyberattacks against its infrastructure.