UBS hit with $8m SEC fine over volatility-tied compliance failures
UBS Wealth Management USA has agreed to pay a $8m fine to the Securities and Exchange Commission (SEC) over its failure to properly supervise brokers who sold complex exchange-traded products without understanding the risks.
Ntropy hauls in $3.2m to help financial companies make sense of data
Ntropy closed a $3.2m seed round led by QED Investors, who has previously invested in fintech unicorns Nubank, Klarna, and Current.
PropTech Jones snags $12.5m for its commercial real estate vendor compliance platform
Israeli commercial real estate startup that automates the insurance compliance process for tenants and property managers Jones raised a $12.5 Series A funding round.
US trading app Robinhood aims for $35bn valuation in blockbuster IPO
Controversial trading app Robinhood, which was at the centre of a retail-trading frenzy that gripped Wall Street this year, plans to raise up to $2.3bn in an initial public offering.
MPOWER Financing secures $100m equity funding
US FinTech MPOWER Financing has raised $100m from a highly subscribed equity funding raise.
Lightico snares $15m in Capital One-backed Series B
US customer interaction firm Lightico has secured $15m from a Series B funding round led by Capital One Ventures.
Over half of crypto experts believe bitcoin will replace fiat money by 2050
A recent survey has found that over half of the experts who took part believe bitcoin will become more dominant than money issued by central banks in less than 30 years.
Clausematch survey details accelerated RegTech growth during the pandemic
A survey conducted by regulatory technology business Clausematch has found the RegTech industry has witnessed accelerated growth during the coronavirus pandemic.
Digital education loan startup Credenc collects $25m from Capital India
Finance company Capital India has invested $25m via equity and debt in education loans platform Credenc.
Chaka inks $1.5m in pre-seed funding to power digital investments for African businesses
SEC-Licensed digital broker and leading digital investment platform Chaka Technologies raised $1.5m in a pre-seed funding round led by Breyer Capital, global venture capital firm focused on tech companies like Spotify and Facebook.