Company News

The US Department of Justice (D.O.J) has revealed it has recovered the majority of the $4.4m ransom payment paid by Colonial Pipeline to the DarkSide ransomware variant.

PayPal will deposit $135m into financial institutions and management funds to help underserved communities of colour fight economic inequality.

A survey by FICO has found almost a quarter of UK-based respondents would move to a competitor if asked to visit branches or post documents when applying for an account.

Hong Kong-based forensic RegTech company Austreme has received approval for a patent for its e-commerce card testing fraud detection system.

InsurTech companies continued their winning streak last week among the 37 FinTechs that raised big rounds.

Banking, payments and shopping service Klarna launched its Shopping app, enabling users to pay in any online shop directly through the Klarna app, eliminating the need to use a credit card.

Starling Bank has received accreditation by the British Business Bank to be a lender under the UK government-backed Recovery Loan Scheme (RLS).

The Massachusetts Fintech Working Group is set to launch a new FinTech innovation centre aimed at making the most of the states’ tech-heavy economy.

Standard Chartered is planning to establish a UK-based cryptocurrency brokerage and exchange for clients in the UK and Europe.

Spanish invoice finance firm Arex Markets has bagged $8.8m in a Series A funding round that has enabled it to accelerate its launch in the UK and Spain.