Tiller Technologies, a leading RegTech company, has teamed up with HSBC Expat, a branch of HSBC Bank specialised in services for expatriates, excels in offering tailored banking solutions across the globe. The partnership aims to address the complexities of digital identity verification across borders, enhancing the onboarding process for international customers. This initiative not only meets rigorous regulatory standards but also improves the overall customer experience by replacing manual verifications with automated systems. Tiller Technologies specialises in developing advanced RegTech so ..read more

In the latest episode of Napier AI’s podcast series, Paysafe’s former MLRO and Napier AI’s data scientist delve into the integration of machine learning (ML) in combating financial crimes within the FinTech sector. This insightful discussion not only connects trending FinTech topics with financial crime compliance but also equips financial institutions with crucial strategies to disrupt these activities. The episode features Marcus Markland, Data Scientist at Napier AI, and Giacomo Austin, VP Strategic Initiatives at Paysafe, who discuss the pragmatic steps necessary for implementing machine l ..read more

Mulberri, an AI-driven insurance platform, has announced a partnership with Acronis to offer their Cyber Insurance to Acronis‘ small and medium-sized business customers in the US. The collaboration aims to streamline access to cyber insurance for SMBs, addressing the challenges faced in the cyber insurance market, including complex underwriting processes and cumbersome enrolment steps. Mulberri’s Cyber Insurance, now embedded within the Acronis platform, offers AM Best-rated coverage with $250,000 and $500,000 policy limits and fixed premiums, approved and regulated by state insurance aut ..read more

SilverSky, a pioneering cybersecurity firm offering managed extended detection and response (MxDR) services, recently announced the completion of a funding round with its current investment partners. The investment was spearheaded by SQN Venture Partners, accompanied by other longstanding shareholders. This financial infusion will support SilverSky’s strategic objectives for 2024, focusing on extending its market reach and enhancing service capabilities, particularly geared towards the mid-market sector. SilverSky is renowned for its robust cybersecurity solutions tailored for medium-sized ent ..read more

The partnership between Theta Lake and major UCC providers such as Zoom, RingCentral Ventures, Cisco Ventures, and Salesforce Ventures, has further underscored the critical need for integrated compliance and security within the UCC sphere. According to Theta Lake, this collaboration was highlighted by its successful $50m Series B funding round. The necessity for robust compliance solutions has been starkly illustrated by the hefty $2.6bn in regulatory fines imposed on the financial services sector for inadequate recordkeeping and unmonitored communications. Recently, Zoom’s launch of the Zoom ..read more

Armis, the asset intelligence cybersecurity firm, has officially acquired Silk Security, a cyber risk prioritization and remediation platform. Armis, known for its comprehensive security solutions spanning devices and cloud systems, aims to integrate Silk’s advanced technologies into its Armis Centrix platform. Silk Security, established in 2022 by a trio of seasoned security professionals, has quickly risen to prominence with its innovative approach to cyber risk management. The acquisition, valued at $150m, is strategized to embed Silk’s prioritization and remediation capabilities within the ..read more

The MAS has joined forces with the IBF and WSG to introduce an initiative aimed at revolutionising the financial sector’s sustainability approach. According to FinTech Singapore, the launch of the Sustainable Finance Jobs Transformation Map (JTM) marks a significant milestone in Singapore’s commitment to sustainable finance, highlighting the evolving needs within the financial services sector driven by global sustainability trends. Under this initiative, MAS has pinpointed 20 high-priority job roles crucial for upskilling, to align with the global shift towards sustainable practices. Notably ..read more

Generative AI has become a global sensation, transforming industries with its versatility in content creation, translation, coding, and even education. According to Moody’s, despite its recent surge in popularity, the concept of GenAI, powered by advancements from entities like OpenAI, is not entirely new. The game-changer, however, is GenAI’s newfound ability to understand and interact in natural language, making it a pivotal tool in various sectors, including Know Your Customer (KYC) workflows within financial technologies. The integration of GenAI, such as ChatGPT, into KYC processes signif ..read more

Miggo Security, an Israeli cybersecurity firm, today unveiled a successful seed funding round, raising $7.5m. According to Silicon ANGLE, the investment was led by YL Ventures Ltd., with significant contributions from Cyber Club London and several private investors, including personnel from Elastic N.V., Everon LLC, Google LLC, Zscaler Inc., and notably, Nike Inc. Established in 2022, Miggo Security specialises in an Application Detection and Response (ADR) platform. This innovative technology aims to fill a significant void in application security by facilitating the real-time detection and r ..read more

Berenberg, one of Europe’s leading privately owned banks, has partnered with Kaizen, a top RegTech firm, to streamline its regulatory reporting processes. Berenberg, renowned for its robust financial services, and Kaizen, distinguished for its innovative regulatory technology solutions, aim to enhance the accuracy and efficiency of Berenberg’s EU and UK Markets in Financial Instruments Regulation (MiFIR) transaction reporting. The partnership is designed to address the complexities of regulatory requirements which demand complete, accurate, and timely reporting. By leveraging Kaizen’s award-wi ..read more