RegTech

The Central Bank of Sri Lanka (CBSL) is developing a green finance taxonomy that will provide a framework for investment analysis when funding green projects.

Finicity, a Mastercard company, and PayTech company Fiserv has teamed up to boost open finance through secure data sharing.

Wherever you look in the financial sphere, the competition is fierce. Attention is at a premium in the modern digital world, meaning financial institutions need to find a way to grab this attention with both hands.

Cyberpion, an attack surface management specialist, has raked in $27m from a Series A funding round led by U.S Venture Partners.

Cyera, a company that specialises in cloud data security, has arisen from stealth with $60m in funding to lead the ‘data-first revolution’ in cloud security.

In a world that is continuing to become more connected and less restricted by place, there are growing challenges surrounding the increasingly fluid nature of financial crime. Prior to 2020, financial crime in the digital world was already growing. However, with the onset of the pandemic, this practice was set to skyrocket.

The FBI’s Internet Crime Complaint Center (IC3) revealed it received 649 complaints of ransomware attacks that had targeted critical infrastructure organisations last year.

Over 90% of European FinTech companies plan to adopt AI-enabled risk decisioning to combat fraud, according to a study by risk decisioning software developer Provenir.

The Competition and Markets Authority (CMA) has published its recommendations for the future oversight and governance of the open banking sector in the UK.

A major digital cash heist has led to cryptocurrency valued at over $600m being stolen from a digital ledger used by players of the Axie Infinity online game.