The Australian tech scene is witnessing an exhilarating moment as WeMoney, a promising financial wellness platform, garners a formidable $3 million in its latest funding round. This achievement comes on the heels of a significant $7 million funding round in mid-2022 and an initial $2 million seed investment. The cumulative financial support underscores deep investor confidence, led by heavyweights such
The financial technology landscape is witnessing the rapid ascent of Colendi, a Turkish FinTech startup that’s carving a niche for itself in digital banking and financial services. A recent capital infusion—raising $30 million in a Series A funding round—has put Colendi squarely in the spotlight. Noteworthy backers include Citigroup Inc.’s venture arm and Migros Ticaret A.Ş., among other existing investors.
In a bold move set to redefine the financial services landscape in the MENA region, EFG Hermes, the leading investment bank, has announced its acquisition of a minority stake in Kenzi Wealth, a Danish FinTech company at the forefront of AI-driven asset management technology. This strategic step is not merely a financial venture but a concerted effort to enhance EFG
Modern cybersecurity landscapes are besieged by a rapidly growing epidemic — phishing attacks. Recent findings have painted a grim picture of the situation, suggesting that digital threats are not only increasing in frequency but also in sophistication. A staggering 341% uptick in advanced phishing assaults over a mere six-month period has sent shockwaves through cyberspace, demanding a reevaluation of our
The blockchain landscape is evolving at a breakneck pace, with real-world asset tokenization emerging as a game-changing frontier. Enabling the conversion of physical assets such as real estate, art, and commodities into digital tokens, this process promises to transform illiquid assets into easily tradeable securities on blockchain platforms. The key to this revolution lies in the inherent attributes of blockchain
In a critical announcement, the U.S. Cybersecurity and Infrastructure Security Agency (CISA) has issued an immediate warning concerning a significant security vulnerability within NextGen Healthcare’s Mirth Connect. The flaw, tracked as CVE-2023-43208, is an enduring concern for healthcare IT security, permitting unauthenticated remote code execution. This jeopardy comes to light following a previously incomplete resolution of a distinct critical fault,
In a strategic move that cements FE fundinfo’s status as a leader in asset management data services, the company has successfully acquired Dericon, the German WealthTech innovator. This significant deal, realized over a three-year span, represents FE fundinfo’s latest advancement in its ambitious growth trajectory. The merger not only furthers FE fundinfo’s influence within the asset management industry but also
Veeam has issued a critical update for the Backup Enterprise Manager following the discovery of a severe vulnerability identified as CVE-2024-29849. This flaw, which exists within the software’s authentication mechanisms, received a high severity score of 9.8 due to its potential to enable unauthenticated attackers to bypass login measures and impersonate any user. The impact of this vulnerability means that
The dynamic evolution of digital assets is significantly redefining the fiscal order on a global scale, with Asian financial institutions pioneering this sea change. Amid this backdrop, a probing study by SBI Digital Asset Holdings casts light on the adoption curve and ensuing impacts engendered by cryptocurrencies, CBDCs, and tokenized securities in Asia’s financial milieu. With these institutions ingratiating themselves
Modern Wealth’s recent acquisition of Wealth Management Solutions and Autumn Wind Asset Management not only expands its asset base significantly but also underscores a dynamic forward trajectory for the burgeoning financial company. By assimilating an impressive $570 million in assets, the firm enriches its portfolio to an estimated $3.7 billion, showcasing a considerable leap in market influence and potential revenue
In a recent discovery, a significant security flaw in TeslaLogger, a popular third-party data logging tool for Tesla vehicles, has raised concerns about the safety and privacy of Tesla owners. This vulnerability, uncovered by a security researcher, pinpointed insecure default settings that could potentially allow an attacker unauthorized access to personal data and vehicle controls. The revelation comes not as
The Grandoreiro banking Trojan has transcended its initial scope as a localized threat targeting Spanish-speaking countries, growing to instill a heightened level of concern among cybersecurity experts worldwide. Embarking on an exploration of its origins, advancements, and the scale of expansion is imperative to unpack the complexity and urgency of this cybercriminal force. Grandoreiro now stands as a formidable global
