Tagged: data privacy

December 16, 2022 @ 8:31 am By Omar Faridi  |  

Matrixport, one of the “largest” digital assets financial services platform, has announced that its institutional custodian service brand, Cactus Custody, has successfully “completed the SOC (System and Organization Controls) 2 Type 1 audit of its security and data privacy practices.” This certification “reflects Matrixport’s commitment… Read More

November 27, 2022 @ 8:02 pm By Omar Faridi  |  

1 in 2 Google Chrome Extensions have potential to wreak havoc,” Incogni Research shows. Data removal company Incogni analyzed “the risk profiles of 1,237 Chrome extensions available on the Chrome Web Store.” The study reveals “that 1 in 2 Chrome extensions (48.66%) has a High… Read More

November 24, 2022 @ 9:35 am By Omar Faridi  |  

Featurespace, which claims to be the leader in machine learning fraud and financial crime prevention technology, has secured funding from UK and US governments “to build a new type of artificial intelligence (AI) system to help banks and payments service providers (PSPs) detect financial crime… Read More

October 19, 2021 @ 8:58 pm By Tony Zerucha  |  

TripleBlind, a private data sharing company that offers a proprietary cryptographically-enforced data privacy solution, this week announced it has received $24 million in an oversubscribed Series A funding led by General Catalyst and Mayo Clinic. This round follows TripleBlind’s pre-seed raise of $8.2 million announced… Read More

August 20, 2021 @ 2:57 pm By Tony Zerucha  |  

The Canadian government has released its report into open banking. Final Report: Advisory Committee on Open Banking is available here. The vision for a Canadian system should be governed by six outcomes: consumer data is protected; consumers are in control of their data; consumers receive… Read More

April 5, 2021 @ 10:23 pm By Omar Faridi  |  

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has provided an updated set of regulatory guidelines that are meant to serve as a framework to support the operations of Fintech companies. Many of these startups offer third-party services to clients of… Read More

January 20, 2021 @ 11:51 pm By Omar Faridi  |  

Payments platform Adyen (AMS: ADYEN) explains that their approach to engineering and development involves open-sourcing their technology stack or building various solutions in-house. Burak Yildirim, Team Lead, Adyen, writes in a blog post that being the most “money-involved domain” of Fintech, payment processing platforms such… Read More

December 19, 2020 @ 5:09 pm By Omar Faridi  |  

The developers of blockchain platform Ontology have teamed up with Litentry in order to accelerate the adoption of decentralized identity and credit scoring solutions (both created by Ontology). Through the partnership, both organizations aim to offer greater data privacy and transparency to people using digital… Read More

August 29, 2020 @ 11:13 am By Omar Faridi  |  

The Oasis Foundation, which supports the development of the Oasis Network and its ecosystem, has revealed that it will be integrating with Chainlink’s (LINK) “decentralized” oracles, in order to provide support for decentralized finance (DeFi) apps. The integration will also support privacy-oriented blockchain dApps implemented… Read More

August 18, 2020 @ 10:55 pm By Omar Faridi  |  

IRISnet, which aims to serve as an interchain service hub for next-generation distributed applications, has teamed up with MYKEY, in order to bring MYKEY’s core technologies, including its Smart Wallet and digital identity, and also MYKEY’s ecosystem to IRISnet’s “internet of blockchains.” Through the partnership,… Read More

August 13, 2020 @ 8:41 pm By Omar Faridi  |  

The COVID-19 outbreak has accelerated the digital lending sector’s adoption of Open Banking policies and related technology, according to industry participants. The data-sharing initiative, which requires that banks share “anonymized” customer data with qualified third-parties (after obtaining consent from the owners of the financial data),… Read More

April 23, 2020 @ 2:37 am By Omar Faridi  |  

UK-based Applied Blockchain, an enterprise-grade blockchain or distributed ledger tech (DLT) solutions provider, has secured £2 million (appr. $2.5 million) in capital through a new funding round. The company’s investment round was led by QBN Capital, a Hong Kong-headquartered venture capital company. Applied Blockchain’s management… Read More

April 7, 2020 @ 3:02 pm By Omar Faridi  |  

UK-headquartered Privitar, a data privacy company, has secured $80 million in funding through a Series C investment round led by Warburg Pincus. ABN Amro Ventures, the VC division of ABN Amro, the third-largest bank in the Netherlands, also took part in Privitar’s latest round. Accel,… Read More

April 5, 2020 @ 6:46 pm By Omar Faridi  |  

Points Technology, an artificial intelligence (AI) and blockchain-focused firm, has reportedly acquired millions of dollars in funding through a Series A round. K2 Venture Partners, a Chinese venture capital firm, made the investment. Points Technology’s management said that the funds raised will be used to… Read More

September 28, 2019 @ 6:02 pm By Omar Faridi  |  

Data privacy company StrongSalt announced on September 26 that it closed a seed round from Valley Capital Partners. The “encryption-as-a-service” firm reportedly raised $3 million, in order to develop standardized encryption techniques for blockchain-based platforms. Supported by three encryption-related patents, StrongSalt is planning to launch… Read More

October 20, 2016 @ 4:26 am By Erin Hobey  |  

Insurance companies in Asia are facing a “labyrinth” of regulations as they increase investment in the insurtech space, particularly in areas such as telematics, biometrics and big data, according to The Insurtech Revolution: Regulatory Updates and Innovative Evolution in the Insurance Sector, a new guide… Read More