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Norm Ai, a leading company in regulatory AI solutions, has raised $48m in a funding round backed by Coatue, Craft Ventures, Vanguard, Blackstone Innovations Investments, Bain Capital, New York Life Ventures, Citi Ventures, TIAA Ventures, and Marc Benioff.This latest investment brings the company’s total funding to $87m over the past 18 months.The company specialises in legal and compliance automation, helping enterprises seamlessly integrate regulatory checks into their business operations. Norm Ai’s approach, described as “compliant by design,” ensures that compliance is proactively embedded in AI-generated content, internal communications, agreements, marketing materials, and sales processes. By treating compliance as a core…

Enterprises have troves of internal data and information that employees need to complete their tasks or answer questions for potential customers. But that doesn’t mean the right information is easy to find. Onyx wants to solve that problem through its internal enterprise search tool. There are other big names in the category, like Glean — which has raised $600 million in venture funding — fighting for market share in the hot category, but San Francisco-based Onyx has a differentiator that helps separate it from the pack, it says. It’s open source. Companies can get Onyx running in about 30 minutes,…

Zoom informed customers on Tuesday that it has patched five vulnerabilities in its applications, including four rated ‘high severity’. The high-severity vulnerabilities are tracked as CVE-2025-27440, CVE-2025-27439, CVE-2025-0151 and CVE-2025-0150. Three of them have been described as memory-related issues that can be exploited for privilege escalation via network access. Authentication is required for exploitation.  They affect Zoom Workplace, Rooms Controller, Rooms Client, and Meeting SDK products, prior to version 6.3.0.  These Zoom applications are also affected by a medium-severity issue related to the verification of data authenticity, which can be exploited by an unprivileged user for denial of service (DoS)…

A Hong Kong-based investment management firm has partnered with MyComplianceOffice (MCO) to streamline, centralise and improve compliance within its operations. The firm, which operates under the Securities and Futures Commission (SFC) regulations, has adopted MCO’s Know Your Employee (KYE) suite to centralise its compliance processes and eliminate outdated manual workflows.Specialising in pan-Asian investment opportunities across public and private equity markets—including the technology, consumer, and healthcare sectors—the firm required a scalable solution that would replace manual compliance workflows and enhance operational efficiency while mitigating risk.The decision followed a rigorous selection process, during which multiple vendors were evaluated. MCO stood out due to…

Consumers filed 2.6 million fraud reports in 2024, claiming total losses of over $12.5 billion, an increase of over $2 billion compared to the previous year, the Federal Trade Commission says. Data collected from the FTC’s Consumer Sentinel Network shows that more than 6.47 million consumer reports were filed last year, the majority of which were in the fraud (2.6 million) and identity theft (1.1 million) categories. While the number of received fraud reports did not increase compared to 2023, more people reported losing money to fraud last year, when 38% of individuals reporting fraud said they lost money, reads…

Tietoevry has published its Sustainability Statement 2024 as part of its annual report, marking a pivotal shift in its sustainability approach.Tietoevry chief financial officer Tomi Hyryläinen said, “This Sustainability Statement provides comprehensive and transparent insights into Tietoevry’s sustainability impacts, risks and opportunities – aligned with the regulatory frameworks. Tietoevry’s Sustainability Pledge, launched in 2024, is our long-term plan focusing on areas where we can have the biggest impact: climate action, ethical conduct and social impact.”The company has made significant progress towards its sustainability targets. In 2024, Tietoevry reduced its greenhouse gas (GHG) emissions (scope 1 and 2) by 87%, building…

In recent months, DeepSeek, an advanced AI large language model from China, has garnered significant attention as a strong contender to ChatGPT. Its sudden rise is attracting not only legitimate users and developers but also malicious actors and scammers. Per recent reports, scammers have begun deceiving individuals and organizations by employing different tactics and capitalizing on the public’s curiosity and lack of familiarity with the technology. Let’s understand in more detail how scammers are exploiting the DeepSeek hype. Fake Websites Researchers tracked thousands of look-alike domain names and fake websites (around 2,600 websites surfaced between December 1, 2024 and February…

The European Commission has introduced the Omnibus Package, a significant regulatory reform aimed at reducing bureaucratic complexity in sustainability reporting.Zeidler recently delved into the new omnibus package and what it means for firms. Announced by European Commission President Ursula von der Leyen on 8 November 2024, the initiative seeks to streamline sustainability-related legislation and alleviate the regulatory burden on businesses. The Omnibus Package was officially published on 26 February 2025 and is designed to harmonise existing sustainability regulations across various sectors.The Omnibus Package targets two key objectives: minimising administrative burdens linked to sustainability compliance and aligning corporate sustainability reporting requirements. The…

Investment advisers with a 31 December fiscal year-end are in the midst of updating their Form ADV, with a deadline set for 31 March 2025.Ensuring a smooth filing process requires careful preparation, ACA Group recently offered a guide for firms in the process of preparing their Form ADV 2025 update.One of the most crucial steps is ensuring that the IARD (Investment Adviser Registration Depository) account is funded well before the deadline. The SEC does not accept Form ADV filings for accounts without sufficient funds, and high system traffic near the deadline could lead to delays. Advisers should deposit funds at…

WASHINGTON (AP) — The Education Department’s civil rights branch is losing nearly half its staff in the Trump administration’s layoffs, effectively gutting an office that already faced a backlog of thousands of complaints from students and families across the nation.Among a total of more than 1,300 layoffs announced Tuesday were roughly 240 in the department’s Office for Civil Rights, according to a list obtained and verified by The Associated Press. Seven of the civil rights agency’s 12 regional offices were entirely laid off, including busy hubs in New York, Chicago and Dallas. Despite assurances that the department’s work will continue…