ComplyAdvantage boosts market consolidation with $70m Series C
Financial crime detection firm ComplyAdvantage has secured $20m from Goldman Sachs Growth Equity through an extended Series C round.
Modularbank, Veriff partner to bolster ID verification and KYC capabilities
Estonian core banking provider Modularbank has teamed with identity verification software company and compatriot Veriff to boost its compliance and know-your-customer (KYC) offering.
InsurTech Waffle seeks expansion following $5m seed round
New York-based InsurTech Waffle has closed a $5m seed funding round led by Verve Ventures.
Chinese associations call for crypto crackdown citing safety concerns
Three Chinese associations have called for a complete ban on financial institutions and payment firms providing cryptocurrency services to customers.
ECB warns banks instant payment levies are hindering uptake
The European Central Bank (ECB) has issued a warning to banks that charges levied for instant payments are proving a barrier to uptake
FBI report finds staggering cybercrime complaint increase over 2020-2021
A report by the FBI’s Internet Crime Complaint Center (IC3) has found cybercrime complaints hiked by 100% over a 14-month period.
Theta Lake boosts compliance, security coverage with Microsoft Teams certification
Collaboration security and compliance company Theta Lake has received compliance recording certification from Microsoft Teams.
DarkSide ransomware shuts down on back of US pressure, lost server access
The DarkSide ransomware variant that was responsible for bringing operations at a US pipeline to a standstill last week has allegedly shut down.
Is data the silver bullet in tackling financial crime?
As the world continues the shift to digital, getting to grips with the threat of financial crime looms large in the minds of banks. But data could be the key solution.
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.
