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Cyber lapses result in $4.25m penalty for OneMain Financial Group
OneMain, a firm specializing in loans for people with "nonprime" credit histories, has been fined by the New York DFS due to cyber lapses.
Navigating the Consumer Duty: FCA insights into Fair Value Frameworks
The Financial Conduct Authority (FCA) has disclosed its findings from a review of 14 fair value frameworks ahead of the Consumer Duty implementation in less than three months. RegTech platform Novatus Advisory has reviewed this and outlined the key takeaways for firms.
Revolutionising AML strategies with NAICS codes
Evaluating the business line of potential clients is a key part of Know Your Customer (KYC) procedures in commercial relationships. However, analysts often spend substantial time utilising search engines and other manual processes to establish a client's Line of Business. This allows them to assess the risk involved in onboarding records or transactions.
API security leader Curity attracts investment from Danish fund
Curity, a Stockholm-based cybersecurity company, has announced a sizeable investment, but did not disclose its size.
ThreatFabric secures €11.5m seed round to boost fraud detection capabilities
ThreatFabric, a leading provider of fraud detection solutions and intelligence for the financial services sector, has successfully raised €11.5m in a seed round.
CMFG Ventures backs DataVisor, targeting fraud in the credit union sector
DataVisor, a global pioneer in online fraud detection and financial services risk management, has secured strategic funding from CMFG Ventures, the venture capital subsidiary of CUNA Mutual Group.
What are the benefits of blockchain in financial services?
With the rise of new digital technologies that are disrupting the financial market, what benefits does blockchain offer?
MAS proposes extended regulatory clout over financial services in new bill
The Monetary Authority of Singapore (MAS) may gather more regulatory powers over Singapore’s financial services sector with the introduction of a new Bill this week.
BIS paper outlines Big Tech regulation challenges in financial services
The Bank for International Settlements (BIS) has published a paper underlining the challenges caused by rapid Big Tech growth in the financial services sector.
Guidepost helps fintech, retail analytics business ActiveViam to first outside investment
Financial services and retail-focused data analytics business ActiveViam has picked up the first outside capital in its 15-year history through a minority investment from...
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