What chip shortage? MagicCube raises $15M to ‘replace all chips,’ starting with POS terminals


October 14, 2021 | TechCrunch | SAN FRANCISCO -- MagicCube, a mobile security startup, has raised $15 million in a round led by Mosaik Partners. Bold Capital, Epic Ventures, card-reader/POS hardware maker ID Tech and unnamed individual investors in the fintech space also participated in the financing, which brings the Santa Clara-based startup’s total funding raised to $30 million since its 2014 inception. Put simply, MagicCube’s software-based security technology is aimed at replacing all security chips, which have historically been the standard for safely storing sensitive data and authenticating whoever needs access to it. And it’s starting with financial services. The company’s technology lets merchants transform mobile devices into payment terminals. Or in other words, it gives merchants a way to accept card payments on any consumer device with no reader or extra hardware required. Consumer financial data is critical for digital-first experiences, but sharing also increases risk. The best ...

Automated Compliance Leader Azimuth GRC Appoints Former JPMorgan Chase Veteran to Advisory Board


October 12, 2021 | JACKSONVILLE, Fla. -- Azimuth GRC, a compliance automation pioneer, announces Shannon Warren is joining its Advisory Board. Shannon’s more than 25 years of experience in banking, audit and advisory services, including several finance roles at JPMorgan Chase, brings expertise with risk and control management, accounting and financial reporting, mergers and acquisitions, investment banking products and reputation risk management. “Shannon and her depth of experience is an amazing asset to our Advisory Board,” said Rohin Tagra, founder and CEO at Azimuth GRC. “Our knowledgeable board members bring our company a deep bench of expertise as we rapidly scale our business and serve our clients.” From 2012 to 2016, Shannon was the Chief Control Officer of JPMorgan Chase & Co. In this role, she established the Oversight and Control function and designed the framework for the identification and management of operational risk for all products and services offered by ...

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