Investments|Sector Updates

Investments|Sector Updates

ForgeRock launches open banking and PSD2 accelerators to ensure compliance

The San Francisco and London-based platform provider of digital identity management solutions ForgeRock has made its Open Banking Accelerators available to kick-start compliance with new regulatory standards.

UK RegTech Konsentus to provide Carta Worldwide’s clients with its PDS2 compliance solutions

Ontario-based Carta Worldwide, the transaction processing solutions provider, has partnered up Konsentus, the identity and regulatory checking services. The partnership will help ensure Carta Worldwide’s clients are compliant with EU’s Revised Payment Service Directive (PSD2).

Big Blockchain Intelligence Group teams up with SPIRIT Blockchain Capital to distribute risk-management solutions

SPIRIT Blockchain Capital, a company bridging blockchain and digital assets to capital markets, has entered into a value-added reseller partnership with BIG Blockchain Intelligence Group’s, the risk scoring and data analytics company.

Risk management startup Venminder raises $5m Series C funding round

Kentucky-based Venminder, the third party risk management solutions provider, has closed a $5m Series C round to further improve its offering.

Kalyera and Epiphany join forces in new partnership ahead of the September PSD2 deadline

The final rules of the EU’s Revised Payment Service Directive (PSD2) snap into action in September. Now Kaleyra, an in-mobile messaging service for banks and companies, and Epiphany, a RegTech startup specializing in PSD2 compliance have joined forces to ensure financial services businesses can comply with the changes.

Old people may be reluctant to use TSB and Jumio’s new way of opening...

TSB Bank has joined forces with Jumio, the identity-verification startup, to enable customers to access their bank accounts with a selfie. However, old people may not be keen to use it.

FaceApp raises security and privacy concerns

While the app enabling people to see older versions of themselves has delighted many, some have warned that FaceApp may poise some serious privacy and security concerns.

Cybersecurity expert warns AI bias could spell out serious risks

Having biased programmers and data sets could lead to your digital defences being too weak, warns Aarti Borkar, vice president at IBM Security, IBM’s cybersecurity arm.

KeyCorp risk losing up to $90m after disclosing fraudulent activities

Bank holding company KeyCorp saw its shares drop by 1.2 per cent after revealing suspected fraudulent behaviours by one of its customers.

MHR Analytics poll reveals almost three-quarters of people are insecure about their data

Business intelligence and analytics company MHR Analytics’ survey has unearthed that 73% of respondents are not confident about their data and numbers on month-end closes and audit submissions.

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