Singapore-based blockchain security firm CYBAVO announces that it has raised $4 million USD in its Pre-Series A funding round. The round, completed in June, was co-led by global venture capital firm 500 Startups, Taiwan's H&D Asset Management Company and New Economy Ventures. Other investors from Taiwan, Silicon Valley, Singapore, Hong Kong and Japan also participated in the round.

Smartt Inc., is pleased to announce the acquisition of Costrade S.P.A., a Construction company founded in 1951 with a track record of approximately $1 Billion in executed projects during the years of operation. The Company was previously known as Visconti S.P.A. and has been working mostly with the Italian Government for public projects. One of the current projects where Costrade S.P.A is involved, is the LTR (Linea Tranviaria Rapida) which is the “Underground Fast Train” in Campania region in Italy.

Cybercrime is one of the biggest threats to a business’s security in 2021. Businesses must be continually aware of the cyber threats that are out there, that are evolving continuously and be able to mitigate against these in the best way that they can. Cyber security has always been difficult to handle for all types of businesses, but especially the FinTech industry. Fortunately, machine learning is helping to change this situation.

Medius, a leading provider of spend management solutions, announces the appointment of Branden Jenkins as its new Chief Strategy Officer (CSO).  Jenkins will be responsible for Medius’ strategic direction and coordination with stakeholders, including Medius’ executive team, customers, and partners. Jenkins will also oversee corporate development.

Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Cooperative Teachers Credit Union (CTCU) has selected its AI-powered platform, enabling the credit union to make stronger, faster credit decisions and offer enhanced financial options for its members.

Bitcoin recently reached USD 50,000. Here are the views of Avinash Shekhar, Co-CEO, ZebPay on the development:

IBOX BANK transactional bank announces the launch of Apple Pay contactless payments for customers using Visa cards.

The official launch of Apple Pay payments has been prepared since the beginning of the year and included a long period of routine testing. Now all customers of IBOX BANK can use Apple Pay through POS terminals in retail outlets, and on websites and applications with one-click payment.

Over the years, cyber attacks and data breaches became one of the biggest risks in the business sector, compromising sensitive data and causing a massive financial hit to companies and organizations worldwide.

 Burrow – a DPR Group business – has added e-signature functionality for advisers, as part of its API-led Client Portal Module. This follows the launch of the Digital Mortgage Platform earlier this year.