Investments|Sector Updates

Investments|Sector Updates

Honeywell unveils a new cybersecurity platform

The new Honeywell Forge Cybersecurity Platform is the new digital defence solution from Honeywell, a Fortune 100 technology company.

Fraud detection company Advance.ai raises $80m in new funding round

The Singapore-based fraud detection startup Advance.ai has closed a $80m funding round led by private equity investor Pavilion Capital and venture firm Gaorong Capital.

The biggest challenges giving the RegTech sector a headache right now

From getting accurate data to responding to new regulatory challenges, there are plenty of opportunities and obstacles to overcome for RegTech innovators.

FICO and Arachnys partner to boost businesses’ KYC efforts

Financial crime compliance solutions provider FICO has entered into a partnership with Arachnys, the client onboarding risk management RegTech firm.

Swedbank gives prosecutor permission to question the bank’s lawyer over money laundering scandal

Swedish bank Swedbank has allowed authorities investigating a potential money laundering scandal to interview the lawyer who conducted the internal probe into the allegations.

Financial services firm PCI fined $1.5m by CFTC for failing to prevent and alert...

The US Commodity Futures Trading Commission (CFTC) has slammed the financial services firm Philip Capital Inc. (PCI) with a $1.5m fine for letting hackers compromise the company's systems and for failing to disclose the hack to customers.

What do FinTech and RegTech stakeholders think about the new Australian senate committee investigating...

Last week the Australian senate announced it would launch a new select committee to ensure the FinTech and RegTech sectors keep growing and remain compliant. Now, industry leaders have revealed what they think about it.

Seven threats to UK financial services still unsolved before Brexit

The Financial Conduct Authority’s top dog has revealed seven issues the regulator have yet to solve before the UK departs from the EU.

Breaking down false stereotypes in cybersecurity is key to improving workplace diversity

Diana Moldovan, UKI cyber operations lead at Aviva, argues that false stereotypes need to be broken about only men being coding geniuses to increase the number of females in cybersecurity.

Credit Karma denies breach caused glitch making users see other people’s credit data

Users of Credit Karma has complained that they were presented with other people’s information when logging into the credit scoring business’ platform.

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