RegTech

US lawmakers introduce legislative package to bolster infrastructure cybersecurity

Two US Senators have introduced a combined bill that is focused on strengthening the cybersecurity of critical infrastructure and government networks.

PE firm Main Capital buys major stake in ID developer InnoValor

Private equity firm Main Capital Partners has acquired a majority stake in mobile identity verification software developer InnoValor. The size of the investment was not...

Legit Security inks $30m to deal with supply chain security issues

Legit Security, a company looking to tackle issues regarding software supply chain security, has bagged $30m from a Series A investment round.

Cyber InsurTech startup Cyber Sierra raises $4.3m

Cyber Sierra, a Singapore-based cyber insurance platform, has reportedly raised $4.3m in its seed funding round.

UK financial regulators team to conduct payment systems review

Four financial regulators in the UK have a Memorandum of Understanding (MoU) that sets out the framework the authorities use to cooperate in relation to UK payment systems.

Is regulation on the horizon for NFTs?

The growth of non-fungible tokens (NFTs) has been stratospheric over the past two years, with the market showing no signs of slowing down in 2022. After recently hitting a $41bn value at the end of 2021, the number of prying regulatory eyes on the industry are growing. Will this be the year we see wholesale regulation on NFTs?

FCA locks in changes to BNPL terms to cut consumer risk

The Financial Conduct Authority (FCA) has secured changes to potentially damaging terms in the contracts providing by a select number of buy now, pay later (BNPL) firms.

Financial services need global standardisation of climate regulations

The lack of global standardisation for climate-related financial regulation is causing confusing, disconnected and easy to ignore cross-border compliance environments, according to a report from CUBE.

ECB to not extend bank capital and leverage relief beyond 2022

The European Central Bank (ECB) has stated it sees ‘no need’ to allow banks to exclude central bank exposures from their leverage ratios beyond March this year.

Google shells out $8.7m in bug bounty rewards during 2021

Google has revealed it handed out $8.7m in bug bounty payouts last year as a part of a vulnerability reward programs.

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