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.

Artela, a start-up focused on enhancing blockchain's scalability, announced that it has successfully raised a $6m seed funding round.

Today's financial landscape is rapidly evolving, with Environmental, Social, and Governance (ESG) factors gaining a pivotal role. As the sustainability and responsible investing frontiers broaden, financial institutions (FIs) find themselves in a crucial position to respond proactively to the escalating challenges posed by ESG.

ING and the European Investment Bank (EIB), has unveiled a new sustainable finance programme designed to bolster SMEs.

The UK government is considering backtracking on plans to impose stricter regulations on the burgeoning BNPL industry.

RegTech firm, REGnosys, and award-winning social enterprise, Next Tech Girls, have announced a promising partnership with a shared goal of addressing the prevalent issue of gender disparity in the technology sector.

The ASIC has begun court action against Vanguard Investments Australia, accusing it of making misleading claims about its ESG funds.

Revolut has revealed that around 62% more money was transferred into Muslim countries during Eid al-Adha, the religion’s largest holiday. 

US FinTech Stax Payments has appointed veteran payments executive Paulette Rowe as its new CEO. 

African-founded mobility FinTech Moove has announced a new funding round, securing a total amount of $76m.