Tag: Fintech

When it comes to adopting AI-powered tools, excitement often precedes caution. Demos are slick, sales pitches are polished, and expectations run high. But many firms find themselves disillusioned when promised features don’t materialise or when the tool proves too complex to use. Worse still, some discover that the outputs are fundamentally flawed, plagued by hallucinations that make the software unusable.

Guardz, a cybersecurity company focused on serving Managed Service Providers (MSPs) and IT professionals, has raised $56m in Series B funding.

The UK’s FCA has unveiled a new initiative aimed at boosting artificial intelligence (AI) adoption across the financial sector. The regulator announced the launch...

As financial institutions face a growing wave of increasingly sophisticated cyberattacks, the focus is shifting from pure defence to resilience. According to Corlytics, regulatory...

MIND, a cyber company specialising in AI-native DLP, has raised $30m in Series A funding, only seven months after emerging from stealth. The round was...

A global coalition of financial regulators, led by the UK's FCA, has taken coordinated action to clamp down on so-called “finfluencers” promoting unauthorised financial...

OneSpan has acquired Nok Nok Labs, a pioneering provider of passwordless authentication technology and a founding member of the FIDO Alliance. The acquisition is aimed...

CyberQP, a Canada-based provider of Zero Trust Helpdesk Security solutions, has received continued backing from CIBC Innovation Banking as it looks to scale its operations and accelerate product development.

Despite years of hype around AI, it has taken until recently for financial crime compliance (FCC) teams to meaningfully replace traditional outsourcing with intelligent...

The Bank of England (BoE), in collaboration with the BIS Innovation Hub in London, has conducted a pioneering experiment using AI to detect fraud in retail payment systems.