Nucoro divests Exo Investing solution to wealth management firm abrdn
UK WealthTech firm abrdn has concluded a deal to acquire Exo Investing from FinTech firm Nucoro for an undisclosed fee.
Why increased regulation and compliance requirements might be a concern for FinTechs
Regulatory compliance is constantly changing and creating a ripple effect with consequences impacting the global financial sector. While keeping up with the changes can be challenging, FinTechs must have solid risk management controls in place to ease this burden.
Sarwa eyes market, product expansion following $15m Series B
United Arab Emirates-based investment and personal finance company Sarwa has snared $15m from a Series B funding round.
US Senate report finds government agencies failing to improve cyber posture
A report published by US Senate Committee has found only one of eight federal agencies showed improvements in strengthening their cybersecurity programs.
Currencycloud, FxPro partner to launch new e-money business
Cross-border payments firm Currencycloud has partnered with global broker FxPro to offer a new e-money service called BnkPro.
Trendyol secures Decacorn status following Softbank-backed funding round
Turkish e-commerce platform Trendyol has become Turkey’s first Decacorn company after recent funding of $1.5bn lifted its valuation to $16.5bn.
London-based Tembo Money raises £2.5m to help first-time property buyers increase their deposits
Tembo Money, a London-based FinTech, closed £ 2.5m in funding led by Aviva after its official launch in June 2021.
Paysafe fortifies payments footprint with PagoEfectivo acquisition
UK specialised payments platform Paysafe has entered an agreement to purchase alternative payments platform PagoEfectivo for an undisclosed fee.
BNPL giant Klarna joins forces with luxury label Yoox Net-A-Porter to expand its payment...
YOOX NET-A-PORTER GROUP, the online luxury and fashion company, has partnered with Klarna, the buy now pay later service to boost customer experience and payment options.
Plaid to pay $58m to settle a class-action lawsuit centered on data privacy
Plaid agreed to pay $58m to settle a class-action lawsuit where consumers' claimed that the financial technology company obtained and used bank account credentials and financial information without consent.
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