Security
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
Read More
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
Read More
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
Read More
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,
Read More
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
Read More
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
Read More
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
Read More
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,
Read More
Had Your Face Stolen Lately?
You can reset your PIN after a data breach, you can reset your password after a data breach, you can reset your security questions after a data breach – but can you reset your face? Sure, there’s surgery, but clearly
Read More
Covid-19 Sicherheitsstudie im Cyberbanking: Schweiz ist Top
Eine Studie von D-Rating zeigt Mängel und Ungleichheiten auf: Nicht alle europäischen Geschäftsbanken sind gleich gut gewappnet, um sich gegen Cyber-Angriffe zu verteidigen -DACH-Region punktet mit guten bis sehr guten Werten. Für die globale Bankenbranche haben sich Cyberrisiken zum grössten
Read More