Source: Mastercard
Small businesses are the backbone of economic growth. The needs of small businesses have not changed during the pandemic, but they have grown more acute. With cyberattacks on the rise, small businesses are a huge target.
Source: IHS Markit
IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced that it has acquired compliance technology provider Cappitech to expand its suite of global, multi-asset class transaction regulatory reporting offerings to the financial industry.
Equifax is to acquire digital fraud prevention network Kount for $640 million.
While Covid-19 may have wreaked havoc across financial services, according to a recent report the pandemic has driven the urgency to prioritise and actively deploy fintech initiatives by regulators.
Source: Monetary Authority of Singapore
The Monetary Authority of Singapore (MAS) today announced the successful conclusion of the first phase of the Veritas initiative which saw the development of the fairness assessment methodology in credit risk scoring and customer marketing.
HSBC has inked a multi-year deal with Silent Eight, recruiting the regtech startup in its efforts to fight financial crime.
Source: Square
Re: FinCEN Docket No. FINCEN-2020-0020, RIN 1506-AB47. (Proposed Rulemaking on Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets.)
A data breach at Desjardins – the largest ever in the Canadian financial services sector – was caused by a series of gaps in administrative and technological safeguards, according to an investigation by the Office of the Privacy Commissioner of Canada (OPC).
