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Blackwall Raises €45M in Series B Funding to Boost Cybersecurity for SMBs
Blackwall has secured €45 million in Series B funding, primarily to expand operations and workforce, with a focus on the U.S. and Asia-Pacific markets. Led by Dawn Capital, the investment will allow Blackwall to double its staff, accelerate international growth, and enhance global partnerships. The company aims to protect web ecosystems from malicious automated threats, crucial for the 43% of cyberattacks targeting small and medium-sized businesses (SMBs). Blackwall’s flagship product, GateKeeper, offers advanced bot detection and significantly boosts security and performance for hosting providers. The funding supports Blackwall’s mission to innovate and safeguard SMBs against rising digital threats.
Equifax UK Launches Innovative Financed Emissions Calculator to Boost Sustainability Reporting
Equifax UK has launched the Financed Emissions Calculator, a revolutionary tool designed to enhance sustainability reporting in the financial sector. Developed in collaboration with CienDos, this cloud-native solution automates the calculation of financed emissions, which can account for up to 95% of a financial institution’s total carbon output. The calculator improves accuracy, supports regulatory compliance, and enables real-time emissions tracking, addressing traditional challenges like poor data granularity and traceability. Equifax UK ESG Product Manager Brad Davies emphasized the importance of financial institutions in combating climate change, while CienDos CEO Julia Salmond highlighted their shared goal of simplifying carbon reporting.
KCB Bank Kenya Partners with UnionPay to Revolutionize E-Commerce Payment Solutions
KCB Bank Kenya has partnered with UnionPay International to enhance e-commerce payment capabilities in the region, aiming for seamless transactions for UnionPay cardholders. The collaboration will expand UnionPay acceptance across various merchant segments, including supermarkets, government services, and hotels, fostering a robust payment ecosystem. With Kenya’s e-commerce sector projected to reach a 53.6% penetration rate by 2025, the partnership addresses the growing demand for online shopping. Key drivers of this growth include improved internet connectivity, robust logistics, and FinTech adoption. The initiative also emphasizes security and convenience in digital payments, shaping the future of online transactions in Kenya.
Saudi Arabia Boosts FinTech Innovation with Google Pay Integration
The Saudi Central Bank (SAMA) is partnering with Google to launch Google Pay in Saudi Arabia by 2025, integrating it with the national payment system, “mada.” This initiative aligns with Saudi Vision 2030, aimed at reducing cash dependency, promoting financial innovation, and establishing a robust payment infrastructure. The introduction of Google Pay will enhance financial inclusion by providing secure payment options and facilitating seamless transactions across various platforms. This collaboration positions Saudi Arabia as a leader in the FinTech sector, reflecting its commitment to technological advancements in financial services and catering to the growing demand for reliable payment solutions.
UK to Fast-Track Securities Trade Settlements by 2027: A Leap Towards Financial Efficiency
The UK financial market will transition to a T+1 settlement cycle for securities trades by 11 October 2027, aiming to modernize infrastructure and improve trading efficiency. The T+1 cycle settles transactions one day after the trade date, compared to the traditional T+2 cycle. Chaired by Charlie Geffen, the Accelerated Settlement Taskforce’s report highlights benefits such as reduced market risk and increased liquidity, alongside a comprehensive implementation plan. The UK government supports these changes, recognizing their potential advantages. Geffen emphasized the milestone’s significance for enhancing competitiveness and reducing risks for investors, positioning the UK as a leader in global financial efficiency.