UK wealth sector faces £3.8m in penalties amidst new regulations
The UK wealth management sector has faced significant financial repercussions this year, accumulating £3.8m in fines from the FCA.
Klarna rival Payl8r reels in £40m funding after a 334% growth in a year
Manchester-based Payl8r has secured £40m from Conister Bank and plans to become a £1bn FinTech business within five years.
Capify unveils £40m fund to help SMEs manage finance challenges
Capify, a specialist SME lender, has launched a £40m fund for UK smaller businesses to help manage operations through difficult trading conditions.
FINSIGHT acquires T-REX to revolutionise global private credit analytics
FINSIGHT has acquired T-REX to advance cashflow analytics in the global private credit and structured finance sectors.
More businesses believe they’ve fallen victim to state-backed hacking
One in four companies say that they have been targeted by state-funded cyberwarfare attempts.
Fenergo report highlights US investment banks’ struggle in fighting financial crime amid limited resources
Fenergo's 2023 KYC Banking Trends Report has unveiled a concerning reality for US investment banks grappling with financial crime mitigation and regulatory compliance while encountering budget and workforce constraints.
‘Shooting war’ with a major power could break out over cyberattacks, Biden reveals
President Joe Biden has claimed the US is more likely to end up in a ‘real shooting war with a major power’ due to cybercrime than any other form of conflict.
InsurTech Socotra reveals 12 companies joining its App Marketplace
Socotra, a developer of insurance technology, has named 12 InsurTech companies to join its Socotra App Marketplace.
Sustainable Sukuk market guidance launched by ICMA, IsDB, and LSEG
Leaders in sustainable finance have recently jointly published new guidance on the issuance of sustainable sukuk.
Netki unveils improved identity verification tools at the North American Bitcoin Conference
Compliance and onboarding company Netki has announced the release of a new face-scanning tool to help businesses prevent fraud.
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