Compyl, a provider of unified Governance, Risk, and Compliance (GRC) solutions, has recently announced it has raised $12 million in a Series A funding round. The round was led by Venture Guides, with participation from existing investors including Contour Venture Partners, Armory Square Ventures, nvp capital, Alpine Meridian Ventures, Brooklyn Bridge Ventures, and Zelkova Ventures.
Google is making a major move to address legal concerns and ramp up its internal governance. The tech giant has agreed to spend $500 million over the next 10 years to overhaul its compliance structure, as part of a settlement with shareholders. This lawsuit, initially filed by a Michigan pension fund in 2021, accused Google of violating antitrust laws, claiming the company’s online advertising practices were monopolistic and anticompetitive.
North Face has recently informed its customers of a breach that exposed personal information after a credential stuffing attack targeted their website, thenorthface.com. This marks the fourth time the company has faced such an attack, and while no payment card details were affected, this incident serves as another reminder of the risks we face in today’s interconnected world.
The world of lending is on the brink of a dramatic transformation, driven by the relentless march of technology. The Dutch Authority for the Financial Markets (AFM) has painted a vivid picture of what the sector might look like in 2035, offering a glimpse into a future where loans are just a click away, powered by artificial intelligence (AI) and open finance.
At the 15th European Financial Congress, Jacek Jastrzębski, Chairman of the Polish Financial Supervision Authority (KNF), delivered a powerful speech that not only analyzed the geopolitical uncertainty facing financial markets but also charted a bold path forward for Poland’s financial sector. His remarks mixed concern with optimism, focusing on the challenges and opportunities presented by an increasingly unpredictable world.
The European Commission’s review of the Sustainable Finance Disclosure Regulation (SFDR) is drawing attention, and one key player is making its voice heard loud and clear. The Dutch Authority for the Financial Markets (AFM) has responded to the Commission's Call for Evidence, urging for a major rethink of the framework that governs ESG investing. At the heart of their message is simplification. According to the AFM, a clearer, more straightforward system will not only reduce the risk of greenwashing but also empower investors and regulators to make better decisions.
The European Commission has fined Delivery Hero and Glovo a total of €329 million for their involvement in a cartel that spanned four years across the European Economic Area (EEA). The companies admitted to engaging in anti-competitive behavior that not only limited market competition but also restricted employee opportunities, something that’s never been sanctioned before in EU antitrust history.