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VIA Raises $28 Million to Propel Expansion of Cutting-Edge Cybersecurity Platform
VIA, a Boston-based cybersecurity firm, has raised $28 million in Series B funding to enhance its decentralized platform for data and identity protection, meeting high security standards required by the U.S. Department of Defense. The funding round was led by Bosch Ventures, with participation from BMW i Ventures, MassMutual Ventures, and others. VIA’s platform features a zero trust architecture designed to mitigate insider threats and ensure quantum-resistance, addressing evolving cyber threats. The funds will accelerate the deployment of VIA’s Web3 data protection solutions among large enterprises, revolutionizing enterprise security with advanced identity management and encryption capabilities.
Seraphic Security Secures $29M Series A Funding for Innovative Browser Defense Technology
Seraphic Security, a leading enterprise browser security firm, has raised $29 million in a Series A funding round led by GreatPoint Ventures, with contributions from the CrowdStrike Falcon Fund and other existing investors. This funding aims to enhance product development and expand market presence in North America and EMEA, coinciding with a 300% year-on-year increase in Annual Recurring Revenue. Seraphic’s patented technology improves browser security and is gaining traction among Fortune 500 companies. Industry leaders highlight the urgent need for better browser security, affirming Seraphic’s role as a key player in this growing market.
HKMA Launches Competition to Boost Sustainable Investing and Climate Risk Analytics in Finance
The Hong Kong Monetary Authority (HKMA) has launched the 2025 Green FinTech Competition to boost innovation in finance and sustainability, enhancing Hong Kong’s status as a green financial technology hub. In partnership with various institutions, the competition targets five themes: sustainable supply chains, climate risk modeling, carbon market technology, sustainable investment strategies, and green banking. Companies worldwide can submit proposals by June 6, 2025. A panel will evaluate entries based on innovation, impact, and commercial potential, with winners showcased at the 2025 Green FinTech Symposium on September 12, 2025, promoting networking and funding opportunities.
Revolutionizing Banking: OakNorth and OpenAI Join Forces to Integrate Generative AI in Financial Operations
OakNorth, a UK digital bank, is partnering with OpenAI to enhance its banking operations through generative AI integration. This collaboration aims to improve speed, personalization, and efficiency, particularly in digital lending processes. The AI tools will facilitate quicker lending decisions, enhance customer service interfaces, and streamline internal operations. Founded in 2015, OakNorth specializes in tailored credit solutions and has lent approximately $17 billion, achieving a 29% efficiency ratio. The partnership signifies a major step in digital banking innovation, with leaders from both companies emphasizing the potential of AI to transform customer experiences and operational effectiveness.
Moody’s Unveils Russian Connections in European Transactions: Key Insights and Implications
The European Commission has implemented new reporting requirements for EU credit and financial institutions concerning transactions linked to Russian ownership, effective July 2024. Any transfer exceeding €100,000 from a Russian-owned entity to a non-EU country must be reported, aiming to enhance financial transparency amid ongoing sanctions due to the Ukraine conflict. The definition of “funds” is broad, covering various financial assets. Moody’s analysis has identified over 46,000 companies in Europe that are at least 40% Russian-owned, with significant concentrations in the Czech Republic and Bulgaria. Institutions must comply with these regulations to avoid sanction violations, with reporting every six months.