Investment platform Further has today announced a new partnership with digital identity provider Yoti, which will streamline the customer onboarding process, making it faster and easier for people to invest in their chosen funds.
 
Under Financial Conduct Authority (FCA) rules, Further is required to provide appropriate identity evidence for investors when transactions take place. This is to prove that all investors seeking to invest in a fund via Further are who they say they are.
 

Policy Expert, the UK insurtech that provides home and motor insurance to over one million policyholders, has today announced the appointment, subject to regulatory approval, of Kevin Chidwick as Chief Financial Officer, harnessing over three decades of experience from major insurance brands including Admiral and Confused.com.

Tradeteq, a World Economic Forum member, has selected the XDC Network to launch TRADA Tokens, the first ever fully regulated, trade finance-backed fungible security tokens. The move is expected to deliver significant liquidity to the trade finance sector by securitizing a traditionally illiquid asset class on the XDC Network – a public, decentralized blockchain.  

Becoming data-driven is an aspiration for organizations across all industries, and the financial services sector is no different. With data at the heart of their operations, financial institutions can improve everything from regulatory risk and report to providing more personalized services to their customers. However, there is currently a significant barrier standing in the way – of accessing that data.  

The cost of data breaches globally is growing, with the average cost of a data breach in 2021 totalling a staggering $4.24 million, according to the latest IBM report - a 10% increase from the previous year and the largest single-year cost increase in the last seven years. Data leaks also likely accounted for a majority of breaches with the most common attack vector being compromised credentials.

The rapid advancement of technology has made our lives easier in countless ways. Unfortunately, with these advances has come an increase in cybercrime as online fraudsters adapt their strategies to reach new victims.

In the past, criminals used manual processes to scam victims by mailing letters, sending faxes, and making phone calls, but modern tech has put a new spin on old fraud schemes, and today’s fraudsters are using email, messaging platforms and social media to reach targets inexpensively and easily.

OTC Markets Group Inc., operator of regulated markets for 12,000 U.S. and international securities, announced that Invest Securities, a multi-expert investment services provider, has been designated as an OTCQX sponsor.

UK-based multinational banking giant Barclays has reportedly bought into crypto custody firm Copper’s latest raise, concluding long-standing talks with investors in the round which had been delayed since November.

Moove, the world’s first mobility fintech and Uber’s largest vehicle supply partner in EMEA, is announcing its launch in India as a part of its global expansion. Moove, which provides revenue-based financing to mobility entrepreneurs, has expanded from its African roots to Mumbai, Hyderabad, and Bangalore to provide accessible vehicle financing to driver partners on Uber’s platform. 

Better Opinions, a Y-Combinator-backed company, has raised $2.5Mn from investors including Metaplanet VC and Goldwater Capital. The investors participating in the seed round include YCombinator, Taurus VC, Original Capital, Tremis Capital, Super Capital,  and other investors, including angel investors.