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Overall global VC investment for financial technology (FinTech) increased by 10.9 % to $17.4 billion in 2016 with 1,436 deals in total according to statistics compiled through PitchBook by Innovate Finance, the not-for-profit membership association for global FinTech. This level of funding surpassed the 2015 total of $15.6 billion.

Several Polish banks have seen workstations infected with malware that appears to have originated from the country's financial regulator.

Research from Capgemini highlights a striking dichotomy between the views of consumers and banking insiders about levels of security in financial services.

Software AG (Frankfurt TecDAX: SOW) today released its top five predictions for the banking industry. Laura Crozier, CFA, global industry director, Banking, of Software AG noted: “There will be some seismic shifts in the banking industry in 2017 as threats and opportunities from digital banks, fintechs and regulation continue to shake up the landscape.”

The Financial Conduct Authority (FCA) has today fined Deutsche Bank AG (Deutsche Bank) £163,076,224 for failing to maintain an adequate anti-money laundering (AML) control framework during the period between 1 January 2012 and 31 December 2015.

Organizations facing regulatory overload can now benefit from powerful new tools to help them better manage their compliance workflow as Thomson Reuters introduces Regulatory Change Management (RCM), its new end-to-end compliance solution.

While data breaches destroy customer confidence, impact revenues, attract large regulatory fines and cost C-levels their jobs, 76% of data security professionals believe in the maturity of their data security strategy, according to a new study. Despite heavy investments in a variety of data security tools as part of their strategy, 93% report persistent technical challenges in protecting data.

Financial services firms rushing to adopt blockchain need to make sure that they address the security challenges associated with the technology, the European Union Agency for Network and Information Security (Enisa) has warned.

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