Company News

Abrdn, a UK asset management firm, has purchased a stake in Archax, the only digital securities exchange to be regulated in the UK.

The growing challenge of criminal money making its way into the banking system is a continuing problem for banks. However, a mixture of new compliance regulations for banks may be helping to turn the tide.

South Korea government has revealed it is planning to enforce all-inclusive regulations for the digital currency industry in 2024.

Traditionally, wealth management has been for the wealthy. The average Joes and Janes have often been skipped out on by big wealth managers due to little revenue incentive to capture that market.

Payments giant Worldline has completed that 80% acquisition of bank acquirer Axepta Italy to support its growth across Europe.

Singapore-based financial wellness app Autumn has formed a partnership with dacadoo to enhance its mental and physical wellbeing of users.

The Securities and Exchange Board of India (SEBI) has merged its rules for debt securities into a single regulation to ease the regulatory compliance burden on organisations.

Berlin-based challenger bank Vivid Money has raised $60m from a Series B funding round led by Greenoaks.

Konsentus, an Identity and regulatory checking service provider, has completed the acquisition of Open Banking Europe S.A.S. from PRETA.

The WealthTech and cryptocurrency FinTech sectors were among some of the winners of the investment rounds recorded last week.