India’s RBI bans American Express, Diners Club from on-boarding new customers
The Reserve Bank of India (RBI) banned American Express Banking and Diners Club International from adding new customers, citing non-compliance with data-storage rules.
Bank of England warns of potential risks of cloud data providers
Bank of England (BoE) may tighten controls over cloud data providers and other tech companies to counter potential risks to financial system stability resulting from the rise of FinTech, Deputy Governor Dave Ramsden said.
APRA guidance offers support on tackling climate-related financial risks
The Australian Prudential Regulation Authority (APRA) has issued a draft practice guide to banks, superannuation trustees and insures on managing climate-linked financial risks.
The west is facing a ‘moment of reckoning’ on cybersecurity, GCHQ chief warns
The head of GCHQ has claimed the UK and its allies face a ‘moment of reckoning’ where the global direction of cybersecurity may not be ‘shaped and controlled by the west’.
Thoma Bravo acquires Proofpoint in a $12.3bn deal to build its cybersecurity portfolio
Private equity Thoma Bravo inked a $12.3bn all-cash deal to acquire SaaS-based cybersecurity firm Proofpoint.
NatWest to block cryptocurrency payments following earlier FCA warning
UK retail bank NatWest will not accept payments in cryptocurrencies, according to the company’s head of risk Morten Friis.
API developer Weav said to launch from stealth after $4.3m round
Weav, an API developer for commerce platforms, has reportedly launched out of stealth alongside the close of a $4.3m funding round.
Securrency closes its Series B round on $30m
Securrency, a blockchain-based financial and regulatory technology platform, has closed its Series B round on $30m.
Empyrean Solutions closes first line of institutional capital
Empyrean Solutions, a provider of asset and liability management solutions, has collected a $74m minority growth investment from Spectrum Equity and Information Venture Partners
BigID rakes in $30m investment to bolster unicorn status
US data intelligence firm BigID has secured $30m in financing from global private equity investor Advent International.