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Hypori Raises $12M in Series B Funding to Expand Zero-Trust BYOD Solutions in Mobile Security
Hypori, a leader in secure mobile access solutions, has raised $12 million in a Series B extension round, totaling $35 million for the financing. This funding, supported by investors like UBS AG and Carahsoft Technology Group, aims to promote zero-trust bring-your-own-device (BYOD) strategies. Hypori’s platform enables secure access to enterprise applications while ensuring personal privacy, particularly benefiting industries with strict security needs such as defense, healthcare, financial services, and government. The funding will be used to expand market reach, strengthen partnerships, and enhance product innovation, positioning Hypori to address growing mobile security and data protection needs.
Shield Your Firm from AML Risks: The Power of Advanced Negative News Screening
Negative News Screening (NWS), or Adverse Media Screening (AMS), is crucial for Anti-Money Laundering (AML) compliance, serving as a frontline defense for businesses. By analyzing public records and media, AMS identifies potential AML threats, safeguarding operational integrity from financial and reputational risks. Key benefits include risk identification, focusing on serious threats, AI-driven accuracy, and real-time alerts. However, challenges such as data overload and adaptive criminal tactics persist. Advanced AMS systems are adopting AI for improved accuracy and contextual analysis. Financial institutions are also enhancing due diligence practices, using technologies like Video KYC and predictive risk assessment to combat financial crimes.
Creditinfo Launches Innovative Fraud Prevention and Identity Verification Solution
Creditinfo has launched a groundbreaking global fraud and identity verification solution aimed at helping businesses combat financial crime and boost operational growth. With financial crime resulting in billions of losses annually, effective fraud prevention is crucial. The tool features real-time digital risk signals, identity proofing, extensive watchlists, and KYC compliance, addressing issues like profit erosion and data breaches while ensuring a seamless customer experience. Its scalable design allows organizations to customize measures according to local needs, enhancing onboarding processes and reducing fraud rates. CEO Samuel Johnson emphasizes its potential to significantly improve businesses’ defenses against financial crime.
EU Delays Sustainability Reporting Rules to Alleviate Business Burden: What It Means for Companies
The European Union (EU) has approved a proposal to postpone key sustainability reporting requirements, aimed at easing regulatory burdens on companies. This decision introduces a “Stop-the-clock” mechanism, extending deadlines for the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD) by two years for large companies and one year for the largest firms. Polish Minister Adam Szłapka emphasized simplification as a priority of the Polish presidency. This measure is part of the broader “Omnibus I” legislative package to streamline sustainability regulations, with a vote scheduled for April 1.
Mastercard Partners with MoonPay to Revolutionize Global Stablecoin Transactions
Mastercard and MoonPay have formed a partnership to integrate stablecoin payments into the global financial system. This initiative will enable Mastercard-branded cards linked to users’ stablecoin balances, allowing seamless conversions to fiat currency at over 150 million merchants worldwide. Central to this effort is Iron, an API-driven stablecoin infrastructure acquired by MoonPay. The collaboration aims to streamline operations, enhance cross-border transactions, and increase flexibility for businesses managing payouts. With MoonPay’s reach across 500 digital asset platforms and over 100 million users, this partnership is poised to merge the digital and traditional finance sectors effectively.