Industry News

Revolut faced a security breach, leading to a loss of $20m due to a fault in its payment processing system, as reported by the FT.

The EU Retail Investment Strategy has launched an exciting prospect for clients to be at the centre of the European Capital Markets Union, bringing forth the dawn of the digital advice era. This innovation stands to democratise financial advice, making it accessible to a wider audience while recognising the human emotions associated with investing.

Verifiable, a HealthTech firm targeting the inefficiencies in healthcare credentialing, has successfully raised a notable $27m Series B. 

Upgrading technology in investor onboarding offers immense benefits and the asset management industry is quickly catching on. The landscape of regulatory environments is in...

An innovative collaboration approach to financial regulation is being advocated by Eventus, a leading regulatory technology (RegTech) firm, in their latest 'Compliance in Focus' series.

In an increasingly interconnected financial landscape, financial crime has become more sophisticated, underlining the importance of maintaining robust anti-money laundering (AML) compliance for financial institutions. With stringent regulatory scrutiny and technological advancements, financial institutions must adhere to strict AML regulations to deter activities such as money laundering, terrorism financing, and other financial crimes. Moreover, understanding and considering the significant cost of non-compliance is vital.

The UK's Financial Conduct Authority (FCA) recently released a ten-point checklist for companies in anticipation of the new Consumer Duty regulation set to be enforced on July 31, 2023. This regulation marks a pivotal shift in the regulatory landscape, impacting both new and existing services and products available for sale or renewal.

A groundbreaking study from Juniper Research, a leading authority on emerging payments, anticipates a sharp increase in digital wallet transactions, forecasting that the total...

Highlighting the complexities of the SME green finance sector, new findings from the Lending Standards Board (LSB) examine the various challenges, opportunities, and strategies for banks and lenders to aid their customers on the path to sustainability.

Announcing its first close of a $40m fund, The Radical Fund, a venture capital firm specialising in early-stage investments in the climate tech sector, has made waves in the FinTech industry.