DGB Daegu Bank taps into quantum technology to boost its cybersecurity
DGB Daegu Bank has teamed up with SK Telecom to to use its 5G quantum cryptography technology in its mobile banking app IM Bank.
ECB warns that big tech entering the FinTech space could lead to security risks
The European Central Bank has warned that Europe's failure to produce big tech companies of its own to compete with American ones could leave the EU exposed and reliant on foreign providers as big tech moves into the FinTech sector.
RegTech investment hit a five-quarter low in Q2 2020 as global lockdowns take a...
Global RegTech funding reached $2.4bn in Q1 2020, recording a growth of 26.3% compared to the previous quarter despite the spread of coronavirus and the ensued economic uncertainty.
Identity verification startup Berbix nets $9m for its Series A round
Digital identity startup Berbix has closed its Series A round on $9m, which will help it to increase its team size and bolster customer growth.
SEC updates reporting rules for public companies
The Securities and Exchange Commission (SEC) has voted to update the description of business, legal proceedings and risk factor disclosures that registrants are required to make pursuant to Regulation S-K.
SEC sues investment advisers for allegedly misrepresenting its services
The Securities and Exchange Commission has filed an emergency action against Florida-based investment adviser Coral Gables Asset Management because of an alleged fraudulent offering.
SEC opens up private capital market for more people
The US Securities and Exchange Commission (SEC) has voted to amend its definition of accredited investors, meaning more people will soon be eligible to enter the private capital market.
The Financial Ombudsman sees complaints rise because of Covid-19
The Financial Ombudsman has received over 3,500 complaints related to Covid-19 so far this year.
How AI development could benefit from the pandemic
Business stability is the priority for most businesses at the moment and you might think investing into R&D could impact the development of tools like AI. However, this might not explicitly be the case and AI could benefit from the situation.
Russian charged for trying to recruit company employee to install malware
The US Department of Justice has charged a Russian citizen who travelled to the US to recruit a big company employee to install malware on the business' computers.
