RegTech

Cado Security scores $10m in its Series A, hot off the heels of its...

Cloud-native digital forensics platform Cado Security has scored $10m in its Series A round, which will help it support the “significant demand” for its platform.

Dating site Manhunt hacked with thousands of accounts leaked

Gay dating site Manhunt revealed a major data breach where a hacker gained access to the account information of the website’s nearly 6 million users in February 2021, according to a notice filed with the Washington attorney general’s office.

Facial recognition for securing payments to exceed 1.4bn users by 2025, study finds

A study from Juniper Research has discovered the number of users of software-based facial recognition to secure payments will exceed 1.4bn people globally by 2025.

How Ideagen’s three pillars have helped it become a major force in compliance

People, product and customers are Ideagen’s three pillars that have helped it become a tour de force in the compliance space, with it spanning 18 countries and 6,000 clients.

OpenEnvoy snags $6.5m to help companies avoid fraud

SaaS FinTech eliminating AP fraud with automation OpenEnvoy secured $6.5m led by Riot Ventures to expand its automated invoice auditing capabilities.

Ikano taps TruNarrative to support global fraud prevention strategy

Swedish bank Ikano has chosen UK RegTech platform TruNarrative to provide digital onboarding and fraud risk management services for its company.

SmartStream expands global reach with cloud-native AI service launch

Transaction lifestyle management provider SmartStream Technologies has boosted its global footprint with the launch of SmartStream Air version 3.

Singapore branch of Swiss bank fined for breaching anti-money laundering requirements

The Singapore branch of the Swiss wealth manager Bank J Safra Sarasin (BJS) was fined $750,000 by the Monetary Authority of Singapore (MAS) for serious breaches of anti-money laundering and countering the financing of terrorism (AML/CFT) requirements.

PlexTrac closes $10m round to further develop its cybersecurity platform

Cybersecurity software startup PlexTrac raised a $10m Series A round led by Madrona Venture Group and Noro Moseley Partners with participation from StageDotO.

Cyber risk greater threat than a financial crash, Federal Reserve chair warns

The chairman of the US Federal Reserve Jerome Powell has claimed he is more worried about cyber risk than the possibility of another financial crash.

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