Security

Swiss National Bank, SIX Launch the Secure Swiss Finance Network for Data Sharing

The Swiss National Bank (SNB) and SIX Swiss Exchange are launching the Secure Swiss Finance Network (SSFN) communication network to further improve the resilience of the financial system against cyber risks. It is aimed at secure, flexible and resilient data

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PostFinance Selects FICO to Protect Nearly 3 Million Debit Cards With AI

Analytics software firm FICO announced that Switzerland’s PostFinance will protect nearly 3 million debit cards with the FICO® Falcon® Platform, an AI-powered payments card protection system. PostFinance, the financial institution of Swiss Post, will use the Falcon Platform to manage

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Financial Crime Compliance at Financial Institutions Globally Reaches US$213.9 Billions

LexisNexis Risk Solutions, a global data and analytics company, has released its annual True Cost of Financial Crime Compliance Global Report. The results derived from the comprehensive survey of 1,015 financial crime compliance decision makers at financial institutions including banks

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Canadian ID Verification Firm Trulioo Raises US$394 Million, Valued at US$1.75 Billion

Trulioo, a Canadian global identity and business verification provider, announced that it has completed a US$394 million Series D round at a US$1.75 billion valuation. The Series D round was led by TCV, a growth equity firm, with participation from

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Dutch Payments Security Firm Fraudio Secures US$3.3 Million in Seed Funding

Fraudio, a Netherlands-based payments fraud prevention startup, announced that it has raised US$3.3 million during a seed funding round. Investors in this round are the founders of FinTech companies Stone and SaltPay, VCs BiG Start Ventures and BYND Venture Capital,

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E-Commerce Fraud Prevention Firm Forter Secures US$300 Million Funding

Forter, a U.S.-based integrated fraud prevention platform for e-commerce, announced that it has raised US$300 million in Series F funding round. The announcement comes six months after the company completed its US$125 million Series E round, almost tripling the valuation

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FINMA Permits Chip Scanning and Geolocation for Digital Onboarding

The Swiss Financial Market Supervisory Authority (FINMA) now allows the scanning of chips embedded in biometric identity documents as part of the digital onboarding process. The changes come into force on the 1st of June 2021. Additionally, FINMA will allow

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Swiss-Singaporean Cybersecurity Firm Acronis Snags $250 Million Investment

Acronis, a cybersecurity firm founded in Singapore and incorporated in Switzerland, announced that it has received more than $250 million in a funding round from CVC Capital Partners VII and other investors. The investment has pushed the company’s valuation at

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Mastercard to Acquire Identity Verification Company Ekata for US$850 Million

Mastercard announced that it has acquired identity verification company Ekata for US$850 million as digital identity is a foundational part of Mastercard’s multi-layered approach to security. In 2019, the company introduced a new framework on how digital interactions should evolve,

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5 Cybersecurity Tools a Fintech Startup Should Recommend Its Customers

Being aware of the threat of cybercrime is crucial, but not enough to prevent all the risks connected to it. In a world where everything is accessible within a click, it’s fundamental to make sure that sensitive data is completely

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