FSB to study DeFi’s potential stability risks and vulnerabilities
The FSB states that “specific features” of DeFi may see some of its vulnerabilities “play out differently”.
Risk Management
Facing the FCA armed with data
Fintechs are finding themselves subject to increasing scrutiny by regulators regarding AML compliance.
UK fintech funding round-up: Omnio, Landytech & Sikoia
A handy round-up of the recent funding endeavours of fintech companies across the UK.
AI regtech WorkFusion names Arthur Mueller VP of financial crime
Mueller joins from Rabobank North America where he served as AML and sanctions officer for more than six years.
Dubai’s VARA outlines new virtual asset framework
VARA says the new framework will offer “regulatory certainty”, giving market participants greater clarity.
Baiduri Bank taps Finbots.ai to modernise credit risk management
The partnership makes Baiduri the first bank in Brunei to migrate to an AI-led credit risk management solution.
Digital financial crime platform Themis names Matthew Hurn as chairman
Hurn has been a Themis investor and board member since June 2020.
European Central Bank to stress test 99 eurozone banks in 2023
The testing forms part of the 2023 EU-wide stress test coordinated by the European Banking Authority.
Banking Tech Awards 2022 Winner: Finova – the mortgage market is in a tangle & we need new tools to fix it
Combine algorithmic price optimisation with powerful ML techniques, and you’ll have a robust tool for performance analytics.
ICYMI fintech funding round-up: Stubben Edge, Elementaryb and Bud
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UK government to strengthen rules around crypto
The government will strengthen rules for crypto trading platforms and crypto lending in line with traditional finance.
Turkey’s Quick Finans taps Provenir for data and risk decisioning platform
Quick Finans selected Provenir’s tech to enhance its customer onboarding process.
Why 2023 is time for us to tackle financial crime properly
The impact of financial crime continues to be severe, but 2023 could be a breakthrough year.
US fraud detection start-up Inscribe raises $25m in Series B funding
With the new capital, Inscribe plans to further develop its fraud detection capabilities.
UK fintech funding round-up: Caura, Themis and Keyzy
A handy round-up of the recent funding endeavours of fintech companies in the UK.
German AML regtech Hawk AI lands $17m Series B
The round saw participation from investors including Sands Capital, DN Capital, Coalition and BlackFin Capital.
B2B BNPL platform Tranch raises $100m in debt and equity
$5 million have been raised in equity while the rest – $95 million – have been taken on as debt.
Corlytics acquires regulatory lifecycle platform ING SparQ in €5m deal
Corlytics’ CEO John Byrne says the deal “sets the runway for further strategic acquisitions”.
Why the increased adoption of PvP settlement will enhance cross-border payments
PvP guarantees both parties involved in a transaction get paid at the same time as one another.
Data automation platform Xceptor names Michiel Verhoeven as new CEO
Verhoeven, currently managing director of SAP UK and Ireland, will assume the role on 3 April 2023.
Abacus Group snaps up cybersecurity firms Gotham Security and GoVanguard
The new business will be a subsidiary of Abacus Group but will continue to operate independently.
Callsign’s chief commercial and strategy officer Amir Nooriala leaves
Nooriala says he is “taking a step back from day-to-day operational roles in tech start-up land”.
Automated intelligence regtech Cube acquires The Hub
Cube’s CEO says the deal marks the first in what is expected to be a series of acquisitions.
The art of preventing APP scams
Banks need to leverage more insights from more data to effectively prevent APP scams.
Decentralised paytech Clowd9 taps Netcetera as payment security provider
Netcetera’s 3D secure server solution reduces the risk of non-authenticated transactions.
FinTech Futures: Top five stories of the week – 6 January 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Guide: Life in 3D – using alternative data to power credit risk decisioning
Alternative data has the power to assist in achieving growth and expanding your business.
eBook: SME lending – the road to real-time approvals
Accelerate your SME lending with quick credit approvals.
The regulatory landscape and predictions for 2023
Being able to quickly respond to changing regulatory requirements is more important than ever.
Financial institutions will need to redefine their risk-based strategies in 2023
In 2023, FIs will look to strengthen their approach to fighting financial crime.
Four tips to help you design a risk strategy to combat fraud in 2023
Mitigating fraud and building trust with customers should be top of the agenda for businesses in 2023.
UK regulators fine TSB £48.6m over “operational resilience failings”
The FCA says technical failures in TSB’s IT system led to customers being unable to access banking services.
Webinar: From intuition to intelligence – fraud trends every risk leader must know for 2023
Learn how data can reveal prevalent fraud trends and inform fraud prevention and risk management strategies.
Acin lands $24m in Series B funding from global banking heavyweights
The round was led by a consortium comprised of JP Morgan, Citi, BNP Paribas, Barclays and Lloyds.
Six actions CISOs should consider for stronger compliance and risk mitigation
Banks face increasing regulations and compliance requirements as the cyber landscape grows more complex.
GCC fintech Now Money taps ThetaRay for AML Sonar solution
Now Money provides mobile banking services to the financially underserved, including low-fee cross-border remittances.
Another year of threats: where fintech firms will need to focus security efforts in 2023
Zero trust and platform-based approaches will guide fintechs through the current turbulence.
Canadian fintech Koho taps Duco for data reconciliation platform
Duco’s platform will allow Koho to cut costs, improve data quality and lower its operational and audit risk.
FinTech Futures: Top five stories of the week – 9 December 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Drata doubles valuation to $2bn following $200m Series C
The round was led by ICONIQ Growth and GGV Capital with institutional and individual investors participating.
