Sector Updates

Sector Updates

Sternum receives one of largest funding round in a female-founded and led CyberTech

Sternum, an IoT security platform, has collected $27m in its Series B funding round, which was led by Spark Capital.

ESMA fines UnaVista €238,500 for EMIR failures

The European Securities and Markets Authority (ESMA) has fined trade repository UnaVista for alleged breaches of the European Market Infrastructure Regulation (EMIR).

FCA to team with BofE to develop blockchain-based regulatory reporting initiative

The Financial Conduct Authority (FCA) is teaming with the Bank of England (BofE) to launch a blockchain-based regulatory reporting solution to tackle rising compliance costs.

Risk of price bubble in ESG markets growing, BIS warns

The Bank of International Settlements (BIS) has warned of the escalating risk of a price bubble in environmentally-friendly-focused asset markets.

Cogévie teams with FRISS for anti-fraud services

Cogévie, a group health and welfare contract management firm, has teamed up with fraud prevention software developer FRISS to bolster its protections.

cheqd said to secure investment ahead of debut product launch

Identity verification platform cheqd has reportedly raised $2.6m in a funding round to support the launch of its platform later this year.

CyberTech startup Exein said to raise €6m in funding

Italy-based cybersecurity platform Exein has reportedly collected €6m in a funding round.

Galytix nets funding as it looks to build R&D team in Czech Republic

Galytix, an AI-powered FinTech that integrates data ecosystems for global financial players, has closed a fresh batch of funding, alongside the appointment of a new COO.

Majority of UK firms attribute recent cyberattacks to tech vulnerabilities

A study by cybersecurity firm Tenable has found that 72% of UK firms have attributed recent cyberattacks to vulnerabilities in technology put in place during the pandemic.

ECB stress test reveals potential climate peril for European banks

A climate stress test by the European Central Bank (ECB) has found firms based in areas most open to physical risk could see their creditworthiness impacted by climate change.
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