Company News

UK banks HSBC and Barclays have railed against open banking reforms as the amount they have spent to share customer data with smaller rivals has been 'significantly higher' than original estimates.

NatWest is now allowing customers to establish their own daily digital bank transfer limits to reduce the impact caused by authorised push payment (APP) scams.

The EU’s antitrust office has fined UBS Group, Nomura Holdings and UniCredit £319m for participating in a European Government Bonds (EGB) trading cartel.

Indian neobank startup Zeta has received unicorn status after a $250m Series C funding round took it to a $1.45bn valuation.

With Trade Republic netting $900m and four startups earning the horn among 46 rounds, last week proved to be a great week in terms of FinTech investment, particularly for stock trading apps enterprises.

Just over half of employees in European financial institutions believe there is a strong attitude towards anti-financial crime (AFC) from the top, new research claims.

Algbra raised £3.75m in fundraising backed by SFC Capital, British Business Investments and New World Group in a bid to close the racialised wealth and social gap.

Software giant Microsoft has released SimuLab, an open-source lab technology that will help its platform defences fight against real attack scenarios.

The Financial Conduct Authority (FCA) has extended the introduction of strong customer authentication (SCA) rules till March 2022 to reduce disruption to consumers and merchants.

Australian buy now, pay later (BNPL) company Zip will expand into Europe and the Middle with the purchases of BNPL competitors Twisto and Spotii.