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AI cyber firm Reach Security lands $10m funding
Reach Security, a cybersecurity company leveraging AI to streamline exposure management and security enforcement, has raised $10m in a strategic investment round.
M-Files becomes first native DMS for Microsoft 365
M-Files has announced a strategic deepening of its partnership with Microsoft, becoming the first document management system (DMS) to natively store content within the Microsoft 365 platform.
SaaS transforms financial crime prevention
Financial services are embracing software-as-a-service (SaaS) models to drive efficiency and security, with adoption in banking, financial and insurance sectors projected to reach over $130bn by 2027, up from $54bn in 2022. Within financial crime prevention alone, spending on cloud-based solutions is expected to make up 32% of deployment spending, reflecting a sector eager to modernise its compliance defences.
Microsoft and Saifr unveil new AI agent to streamline financial services...
Saifr has deepened its collaboration with Microsoft to launch a new AI-powered Communication Compliance Agent.
The new tool is now available through the Microsoft Azure...
Cybersecurity firm OX Security raises $60m to transform application security
OX Security, a cybersecurity company specialising in application security solutions, has raised $60m in a Series B funding round.
Theta Lake empowers ISVs to scale into regulated industries with seamless...
Independent software vendors (ISVs) aiming to expand into highly regulated industries such as financial services, healthcare, and the public sector often face a significant...
Microsoft’s industry-specific AI models set to revolutionise regulatory compliance
Microsoft has unveiled new AI models tailored specifically for different industries, promising to redefine how businesses handle operational challenges.
Five key benefits of moving financial crime compliance to the cloud
As financial institutions navigate an increasingly complex regulatory environment, many are finding that cloud technology offers a reliable solution for future-proofing compliance efforts. The move to cloud-based financial crime compliance not only enhances agility but also helps institutions meet stringent regulatory requirements more effectively.
FinTech security leader PortSwigger secures $112m investment from Brighton Park Capital
PortSwigger, a distinguished leader in the cybersecurity realm, has successfully secured a substantial $112m investment from Brighton Park Capital.
The impact of SaaS on financial crime prevention efficiency
SaaS adoption in the financial and insurance services sectors is projected to grow significantly, reaching more than $130bn by 2027, up from $54bn in 2022.
