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How banks can outpace fraudsters in real time
Financial institutions are facing unprecedented pressure as payment fraud grows more complex and relentless.
Attack volumes are increasing, schemes are more sophisticated, and the time...
Ontic raises $230m to scale connected security intelligence
Ontic, a Texas-based software platform for connected security intelligence, has raised $230m in a Series C funding round led by funds managed by KKR, with participation from JMI Equity, Silverton Partners, Ridge Ventures and Ten Eleven Ventures.
Bank of London names Aris Asimakis as new CRCO
The Bank of London, a clearing and payments bank, has announced the appointment of Aris Asimakis as its new chief risk and compliance officer....
UK’s failure to prevent fraud law reshapes corporate risk
The UK Home Office has confirmed that a new corporate fraud offence will come into force on 1 September 2025, signalling a major change...
PNC appoints Amy Wierenga as new chief risk officer
PNC Financial Services Group, one of the largest diversified financial institutions in the US, has appointed Amy Wierenga as its new chief risk officer,...
How to manage messaging risk in financial services
The growing popularity of ephemeral messaging apps is creating serious compliance risks for financial services firms. These platforms, designed to auto-delete messages after a short period, are increasingly used by employees—sometimes even for work-related communications. With regulatory bodies mandating that all business communications must be retained, companies must urgently address the challenges posed by these tools.
How businesses are tackling evolving fraud threats
Fraud continues to be a significant issue globally, with over 59,000 risk events reported in the US in 2024 alone. As fraud schemes evolve,...
Why AI name-matching is key to KYC and KYB accuracy
Accurately identifying individuals is at the heart of every robust KYC (Know Your Customer) and KYB (Know Your Business) programme. For firms operating in...
Cybersecurity firm Cavelo secures C$5m seed extension
Cavelo, a Canadian cybersecurity company specialising in attack surface management solutions for managed service providers (MSPs) and managed security service providers (MSSPs), has announced a C$5m seed extension round.
How banks can thrive in unpredictable markets
Volatile financial markets are posing heightened challenges for financial institutions worldwide. Amid unpredictable swap rate fluctuations and persistent economic uncertainty reminiscent of the 2008...
