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Cybersecurity Innovator Acoru Unveils Advanced Fraud Detection Platform to Revolutionize Online Security
Acoru, a new cybersecurity firm focused on combating fraud, has officially launched after stealth development following a €4 million seed funding round in 2023. Founded by experts in fraud detection, Acoru aims to revolutionize financial institutions’ strategies against evolving cybersecurity threats, particularly authorized fraud exacerbated by generative AI. Its advanced platform utilizes generative AI, analytics, and continuous monitoring to predict and identify fraudulent activities. Co-founders Pablo de la Riva Ferrezuelo and David Morán bring over 20 years of experience in cybersecurity. Acoru plans to pursue Series A funding in 2026 for global expansion and is committed to innovative fraud solutions.
LSEG Boosts Cloud Resilience and Risk Intelligence with AWS Integration
LSEG has expanded its partnership with Amazon Web Services (AWS), designating AWS as the preferred cloud provider for its Markets, Risk Intelligence, and FTSE Russell divisions. This collaboration aims to migrate LSEG’s internal systems to the cloud, enhancing operational resilience, security, and innovation. Notably, the integration of Amazon Bedrock will enable faster, more accurate risk analysis for clients. Customers will continue to access FTSE Russell data seamlessly, gaining deeper market insights while reducing operational costs. Executives from both companies emphasized the importance of this partnership in driving operational excellence and fostering innovation in financial services.
Monzo Unveils Innovative Undo Payments Tool to Enhance Security for Digital Bank Transfers
Monzo, the UK’s leading digital bank, has launched a feature called Undo Payments to enhance user safety in bank transfers. Research revealed that 30% of Brits have made transfer mistakes in the past year, prompting the need for this tool. Users can cancel payments within 10 to 60 seconds after initiation, addressing issues like typing errors and wrong recipients. A default 15-second countdown appears, allowing users to undo transactions effortlessly. Monzo’s research also found that £825 million was mistakenly sent in the UK last year. This innovative feature aims to boost user confidence and security in banking transactions.
FSRA Issues Strong Warning to FinTechs: Understand ADGM Enforcement Consequences Now!
The Abu Dhabi Global Market (ADGM) recently highlighted regulatory vulnerabilities in virtual asset firms through significant enforcement actions against a trading platform and its founder. A joint investigation led to the revocation of the firm’s financial services permission, an indefinite ban on its founder from financial roles, a 15-year directorship disqualification, and fines exceeding $12 million. These penalties stemmed from serious breaches in governance, transparency, and ethical conduct. The case underscores the tightening scrutiny on digital asset firms, emphasizing the need for robust compliance, investor protection, and comprehensive governance frameworks within the evolving regulatory landscape.
Sunbound Secures Strategic Investment from Omega Healthcare Investors, Revolutionizing Senior Care FinTech
Sunbound, a FinTech company specializing in financial solutions for senior living operators, has partnered with Omega Healthcare Investors, a real estate investment trust focused on skilled nursing and assisted living. Omega has acquired an equity stake in Sunbound, enabling its network of operator partners to access exclusive financial services, competitive pricing, and improved billing processes. Sunbound’s technology aims to enhance operational efficiency and optimize cash flow in senior care facilities. Both companies expressed excitement about the collaboration, highlighting its potential to elevate resident satisfaction and operational performance in the senior living industry.