Tag: ravin

Startup of the Week: Shield Backing Israel’s $375M bet on quantum Space: The new frontier for improved crop harvest SaNOtize anti-Covid spray starts production in Israel Ravin raises $15M and partners with KAR Global BlueGreen steps up to save South Africa’s drinking water InSightec in clinical trial for brain cancer therapy Innoviz brings auto giants closer to self-driving cars Startup of the Week: Shield: Vital RegTech for financial institutions Banks worldwide paid more than $15B in fines in 2020 for breaching financial regulations. “But these regulatory fines – they’re an enormous driver for banks,” Ellison Anne Williams, CEO and founder of Enveil, tells FinTech Futures. “The reputational damage that can come from a fine is significant. In some cases, it can wipe out shareholder value,” says Rachel Woolley, global director of Financial Crime at Fenergo. One of those fines was an enormous $4.5M demand issued to Citigroup by a US regulator related to the deletion of 2.77 million audio files that included trader conversation recordings. The new frontier in regulatory compliance is monitoring employee communications, which remains an unsolved problem...