Bank of America reportedly agrees to settle in overdraft fees case
Bank of America has reportedly agreed to pay $75m in the settlement of a lawsuit, which accuses the bank of extracting overdraft fees it didn’t earn from customers with savings and checking accounts.
Santander UK and NatWest back RegTech Ideagen in £100m round
Regulatory and compliance software provider for regulated industries Ideagen secured £100m through a new committed credit facility of £75m, with a further uncommitted of up to £25m.
How will AI and automation disrupt the KYC and onboarding process for FinTech firms?
While banks have traditionally had a large workforce to complete the manual processes required for know your customer (KYC) and onboarding processes, embracing automation and modern technology is the way ahead. But where does that leave the future of RegTech?
Significant ransomware attack causes Irish healthcare IT shutdown
Ireland’s healthcare service has temporarily been forced to shut down its computer systems as a precaution following a significant ransomware attack.
Stripe acquires fraud prevention expertise with Bouncer purchase
Payments juggernaut Stripe has acquired card authentication technology company Bouncer for an undisclosed amount.
AXA suffers ransomware attack following ransom payments support removal
Insurance juggernaut AXA has suffered a cyberattack that saw it lose 3 terabytes (TB) of sensitive data from its Asian operations.
MAS to examine buy now pay later schemes for stricter regulation amid concerns over...
Amidst the popularity of buy now, pay later (BNPL) solutions, the Monetary Authority of Singapore (MAS) has raised growing concerns over consumers drowning in unseen debt.
Verizon report finds 85% of data breaches in 2020 involved human interaction
A report by Verizon has found that over 85% of data attacks in 2020 involved some form of human interaction.
N26 under BaFin scanner for inadequate measures against money laundering
German financial regulator BaFin has ordered challenger bank N26 Bank to implement appropriate controls and safeguards to prevent money laundering and terrorist financing.
BluBracket to expand go-to-market activities following $12m Series A
US enterprise security firm BluBracket has closed a $12m Series A round led by Evolution Equity Partners.