Stephen Kelso, Head of Markets, ITI Capital comments:

“Bitcoin is a volatile asset, as demonstrated by the extended deleveraging from liquidations on retail trading platforms over the last week.  The substantial draw-down has triggered fresh scrutiny from some traditional banks and institutional asset managers across Europe.

Human Layer Security company Tessian today announces that it has raised $65 million in Series C venture capital funding to accelerate its mission of quantifying and preventing human risk in global enterprises, and empowering people to do their best work without security getting in the way.

Kaspersky Innovation Hub (iHub) announces the fifth Open Innovation Program for tech startups and mature companies developing consumer projects in the areas of fintech, gaming, and future household.

Napier, provider of next-generation anti-financial crime compliance solutions, has continued its aggressive global expansion strategy with the opening of a second APAC office within 10 months.

Torstone Technology, a leading SaaS provider of post-trade securities and derivatives processing, announced today that ABG Sundal Collier (ABG), the Nordic investment bank, is extending its use of the Torstone platform to include middle office workflow in addition to Nordic settlement services. 

Data published by EMVCo shows that at the end of 2020, 10.8 billion EMV® chip cards were in global circulation – an increase of nearly 1 billion compared to the previous twelve months. In addition, EMVCo reports that 66% of all issued cards are EMV, with over 86% of all card-present transactions conducted globally using EMV chip technology.

Today, FICO, a global analytics software firm, released its State of Responsible AI from market intelligence firm Corinium which found that despite the increased demand and use of AI tools, almost two-thirds (65%) of respondents’ companies can’t explain how specific AI model decisions or predictions are made.  The study found that the lack of awareness of how AI is being used and whether it’s being used responsibly is concerning as 39% of board members and 33% of executive teams have an incomplete understanding of AI ethics.

Today FactSet and Alveo announce a joint effort to address ESG data integration requirements for their respective clients. This collaboration includes Alveo making FactSet’s ESG data sets available in its data management platform. Alveo’s data mastering and analytics solutions will also be included in the Open: FactSet Marketplace.

AccessFintech, the leading fintech company evolving the financial operating model through data and workflow collaboration, announces the appointment of Chris Bujakowski as Chief Financial Officer.