Is your FinTech business truly protected against cyber threats?

What we’ll cover today:

🔒 Is your FinTech business truly protected against cyber threats?

💳 Shopify Partners with PayPal to Transform US Payments.

💰 'Finternet' The Future of Financing Systems

🔗 The Event Roundup

Is your FinTech business truly protected against cyber threats?

With attacks like ransomware on the rise, Markel has launched FintechRisk+.

This isn’t just another insurance policy; it’s a powerful shield for the digital age.

Here’s what FintechRisk+ brings to the table:

• Up to $20 million in coverage for cyber risks, financial services, and directors & officers (D&O) liability.

• Extra perks like crypto-jacking protection and telecom fraud coverage.

• Enhanced business interruption coverage.

For UK-based businesses, there’s even more:

• 24/7 access to tax and legal support, including contract reviews and R&D tax help.

But that’s not all:

• Markel equips you with online cyber training and a risk management toolkit.

If you want more than just insurance, this is it.

Here’s the whole article

1. Shopify Partners with PayPal to Transform US Payments.

The partnership is designed to enhance the payment experience for U.S. merchants by integrating PayPal wallet transactions into Shopify Payments. 

This integration will provide a consolidated view for merchants, simplifying the management of orders, payouts, reporting, and chargeback flows, ultimately creating a unified and efficient operational experience.

Here’s the article

2. 'Finternet' The Future of Financing Systems

According to Nilekani, Infosys co-founder and chairman, Finternet will be user-centric and unified, which means it will cover all types of assets, with a universal infrastructure.

He offered insights into the concept of tokenisation of assets in the digital world with the help of advances in cryptography.

Here’s the article

1. Paylocity to acquire spend management platform Airbase for $325m.

Paylocity, a US-based tech company, has completed the acquisition of spend management platform Airbase for $325 million, aiming to enhance its HR and payroll software offerings.

2. Saudi Arabia-based Tabby announced it was acquiring startup Tweeq.

Tabby’s acquisition of Tweeq grabbed the attention of VCs eyeing Saudi opportunities.

Lazarow highlighted the rise in tech IPOs and M&A, stressing the importance of exit paths as the VC market matures.

3. Florida fintech raises $200M to expand its AI-driven payments platform throughout the US.

In a statement, the fintech says it plans to utilise its latest capital injection to “invest in growing headcount” across its base in Miami, while also “continuing the research and development of its product stack, and expanding its go-to-market initiatives”.