SEC charges LendingClub and former execs $4m for fraud
Online investing platform LendingClub Asset Management (LCA) and its former president Renaud Laplanche have been charged with fraud by the US SEC.
Unwritten secures $3.5m seed funding to enhance climate risk analytics in FinTech
Unwritten , formerly known as Dovetail Finance, has successfully completed a seed funding round, securing $3.5m.
Schroders Personal Wealth taps AI-based Aveni Detect platform
Aveni has been selected by Schroders Personal Wealth to transform its compliance function through the deployment of the Aveni Detect platform.
Mediant bags $18.5m in equity infusion
FinTech Mediant's investors have injected a further $18.5m into the company to fuel the next stage of its strategic growth.
Affirm joins forces with Verifone for flexible payments
Payments network Affirm and FinTech Verifone have entered into a partnership that will make Affirm’s flexible payment options widely available on Verifone’s eCommerce and card-present payment solutions.
Nigerian central bank reveals FinTech licensing plans
The Central Bank of Nigeria has unveiled plans for a new licensing regime for FinTechs operating in the country. The central bank issued a draft...
Frost Bank improves customer experience with Atomic direct deposit switch
Frost Bank, a San Antonio-based firm, is set to incorporate Atomic into its operations to enable it to improve its customer satisfaction rates and make banking more accessible for all.
Anti-ESG law would cost Kansas pension funds $3.6bn, budget report finds
Legislation in Kansas that would prohibit ESG investing in its pensions funds could cost the state’s pension system as much as $3.6bn.
Cybersecurity spending increases as companies combat rising threats
Cyber threats are as troublesome as ever and with masses of people working from home, attacks could be rising. Financial institutions are noting the rising threat and have increased their spending budgets for defences.
Ukrainian government websites hacked as Russia tensions heighten
A number of Ukrainian government websites have been hacked in what appears to be a coordinated attack as anxieties between Russia and Ukraine continue to climb.