The fusion of finance and technology has given rise to FinTech, a sector that is transforming the way banks operate. This revolution is not just about the convenience of banking but also about enhancing financial stability and meticulous risk management. Through revolutionary advancements, FinTech
Moody’s has launched an innovative Early Warning System leveraging generative artificial intelligence (GenAI) to transform commercial real estate (CRE) portfolio management. This advanced system provides real-time alerts and rapid risk assessments, crucial for swift decision-making in an i
Cytactic, an innovative cybersecurity startup, has successfully raised $16 million in a seed funding round led by Evolution Equity Partners. This significant investment is poised to elevate the company's capabilities in providing advanced cyber crisis readiness and management solutions. As
In a world where cyber threats are becoming increasingly sophisticated and frequent, the need for robust cyber crisis management solutions has never been greater. Cytactic, a pioneering SaaS platform, has emerged as a leader in this domain, offering comprehensive cyber crisis readiness and
The financial sector is undergoing a significant transformation as institutions adapt to the digital age. Andrews Federal Credit Union (Andrews FCU) is no exception. The credit union has recently partnered with Blend, a cloud-based digital banking solutions provider, as part of a strategic
Financial crime, encompassing a wide range of illicit activities such as money laundering and fraud, continues to be a growing global challenge. It's estimated that these nefarious activities account for 2-5% of the global GDP, underscoring the immense scale and impact of the issue. These
In a significant blow to the financial technology sector, Evolve Bank and Trust recently experienced a massive data breach that sent ripples through its fintech partners, including notable names like Wise, Affirm, and Marqeta. Initiated by an employee's mistake of clicking on a malicious link,
The recent ransomware attack on Evolve Bancorp, a prominent player in the FinTech sector, has once again thrust the pressing issue of cybersecurity into the spotlight. The breach, attributed to the LockBit ransomware gang, resulted in the theft of 33 terabytes of sensitive banking data,
The fintech innovation wave shows no signs of abating, and riding the crest is Forward, a startup determined to recalibrate how software as a service (SaaS) companies handle their payment processes. With a hearty injection of $16 million in seed funding, guided by the adept hands of Brandon Lloyd,
In a significant boost to its growth strategy, Fibe, the fintech innovator formerly known as EarlySalary, has clinched a robust $90 million in its latest Series E funding round. This major financial milestone comes with TR Capital, Trifecta Capital, and Amara Partners at the helm, co-leading the
