FinTech news in Shield category

The company’s latest cash injection comes less than a year after Shield raised a $15 million Series A, and the company said that it has grown its sales by 280% year-on-year. And it against that backdrop that Tel Aviv– and New York–based communication compliance platform Shield wants to address the issues that most banks and investment firms face, including record management, electronic discovery, supervision and surveillance. In addition, Shield opened an R&D facility in Lisbon this year, Weitzman said, adding that the company chose Portugal because it is becoming a major European tech hub. In addition, the SEC is now probing private equity firms on their employees’ use of messaging apps for work purposes, including WhatsApp, Signal and Telegram, as many of these apps have functions that support messages that disappear automatically, representing potential violations of SEC rules.