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LiquidTrust recently announced a significant milestone with the completion of a $4m seed funding round. This funding effort was led by notable investors including the Anthemis Female Innovators Lab Fund, Resolute Ventures, and Motivate Ventures. This financial backing follows their participation in WMNfintech by BMO and 1871, positioning them as a notable player in the FinTech space.The company has introduced Micro Escrow Pay, a patent-pending instant escrow payment solution tailored specifically for small and midsize businesses (SMBs). This innovative service is designed to embed trust directly into payment flows, thereby mitigating risks of fraud, nonpayment, and counterparty uncertainty. LiquidTrust offers…

United States stock markets plummeted on Monday amid fears that President Donald Trump’s tariff policies might drive the world’s largest economy into recession. After years of impressive growth, America’s economic exceptionalism has been called into question. Concern over an economic downturn has driven a stock market rout that wiped $1.7 trillion from the S&P 500 – the world’s most-watched equity index. It fell by 2.7 percent, dragging it 9 percent below the all-time high it reached on February 19. The tech-heavy Nasdaq-100 posted its worst day since 2022, wiping out more than $1 trillion in value. Investors sold shares in…

The US cybersecurity agency CISA on Monday warned of three critical-severity vulnerabilities in Ivanti Endpoint Manager (EPM) being exploited in the wild. The issues, tracked as CVE-2024-13159, CVE-2024-13160, and CVE-2024-13161 (CVSS score of 9.8), are described as absolute path traversal flaws affecting EMP versions 2024 and 2022 SU6 with the November 2024 security update installed. Ivanti released patches for the security defects in mid-January, crediting Horizon3.ai for reporting them. Roughly a month later, the cybersecurity firm released proof-of-concept (PoC) exploit code targeting the bugs. The vulnerabilities, Horizon3.ai explained, reside in functions that attempt to read the files in specific directories…

Cybereason, a leader in the cybersecurity industry, has successfully raised $120m in a new funding round. This investment was spearheaded by SoftBank Corp., SoftBank Vision Fund 2, and Liberty Strategic Capital, highlighting strong market confidence in the company’s capabilities.The funds will bolster Cybereason’s renowned endpoint detection and response (EDR) solutions and its consulting services. This strategic financial injection aims to propel the company’s global expansion and enhance its technology to meet the evolving demands of cybersecurity threats faced by enterprises around the world.Cybereason plans to utilize the newly acquired funds to deepen its product capabilities in EDR solutions and to…

More information is coming to light on the cyberattack that caused outages of the social media platform X (formerly Twitter) on Monday, but much of the information is difficult to verify. There appear to have been several attack waves and tens of thousands of users have reported X outages, according to the DownDetector service. The disruptions were likely caused by distributed denial-of-service (DDoS) attacks. As users reported being unable to access X, Elon Musk blamed the outages on a “massive cyberattack”.  “We get attacked every day, but this was done with a lot of resources,” Musk said. “Either a large,…

Intergiro, a Swedish provider specialising in embedded finance, and SEON have formed a strategic partnership.According to FinTech Finance, Intergiro is known for integrating financial services within other businesses seamlessly, enhancing the overall user experience. On the other hand, SEON excels in utilising cutting-edge technology to combat digital fraud and ensure compliance across various platforms.The core motivation behind this collaboration is to enhance fraud protection in embedded financial services. By leveraging each other’s strengths, Intergiro and SEON aim to provide a safer financial environment for businesses and consumers alike, tackling the rapidly evolving threats in the digital landscape.Intergiro facilitates a wide range…

Smarsh, the leader in communications data and intelligence, has unveiled its latest product, the Smarsh AI Assistant for Professional Archive.According to Finextra, this innovative tool is designed to democratize access to advanced compliance AI, providing a crucial advantage for both small and mid-sized firms.The new product aims to address the significant challenge of time-consuming manual reviews in compliance processes. By integrating AI, Smarsh seeks to streamline these tasks, making them more efficient and less prone to error, thus leveling the playing field in regulatory compliance across the financial industry.Smarsh has established itself as a pivotal player in RegTech, leveraging over…

Financial institutions, particularly insurers and banks, face mounting pressure to harness data effectively for decision-making. Machine learning (ML) has become a critical tool in predictive modelling, but deploying these advanced models efficiently remains a challenge. Earnix, a provider of AI-driven financial analytics solutions, has introduced the Auto XGBoost Lab, a platform designed to simplify the implementation of ML models in insurance and banking.For years, Generalised Linear Models (GLMs) were the industry standard in insurance modelling, largely due to limited data availability and computational constraints.However, as cloud computing and data resources have expanded, decision tree-based ML models have become the preferred…

Enterprises these days can choose from hundreds of apps and services available to secure their networks, data and assets — nearly as many more to help them manage all the alerts and extra work that those security apps generate. But what if you could build your own apps, customised to your own workloads, to simplify the whole game?  That is the premise of a new Israeli startup called Sola, which has built a low/no-code platform to let users design their own cybersecurity apps tailored to their specific needs, including tools to manage apps they might already be using. Sola is…

ClimeFi has recently introduced an innovative product that marks a significant evolution in the CDR market.According Clean Technica, historically seen as a niche area, CDR is gaining prominence as a crucial strategy for addressing emissions that are tough to eliminate.The catalyst for this new product was the growing need for sophisticated tools that could guide market participants more effectively. As the CDR market matures, stakeholders require dynamic, informed analyses to make savvy investment decisions, especially in a sector known for its complexities and rapid developments.ClimeFi specialises in financial solutions that target climate and environmental goals. The company has carved a…