UK lawmakers underline key stability and privacy risks of CBDCs

A report by the House of Lords’ Economic Affairs Committee has warned how a digital pound could harm financial stability, raise credit costs and erode privacy.

Pcysys bags $10m to support growth of cybersecurity technology

Pcysys, a cybersecurity risk validation platform, has collected $10m in its Series A round to support its growth in North America and EMEA.

Home and auto InsurTech Branch looks to bolster US expansion with fresh equity injection

Home and auto insurance platform Branch is continuing its expansion efforts having netted $24m in its Series A round.

KPMG joins the metaverse

KPMG has become the latest financial institution to enter the metaverse with the launch of a collaboration hub.

WealthPark bags $8.5m in funding to support its operational growth

Japan-based FinTech WealthPark has bagged JPY 907m ($8.5m) in a funding round, which will help it strengthen its operation capabilities.

Knock raises $400m in its Series B led by Foundry Group

Knock, an online home ‘trading’ platform, has raised $400m in its Series B round of funding.

Alternative asset investing app Rally Rd bags $7m Series A

Online alternative investments platform Rally Rd has netted $7m in its Series A led by Upfront Ventures.
RiskScout

RiskScout secures seed funding for its RegTech innovation

RiskScout, an Austin, TX-based regulatory technology firm, has successfully secured an undisclosed sum in its Seed funding round.

SGVC raises up to $21m for its third investment fund

Californian venture firm SGVC has raised up to $21m for its third investment vehicle.

The Financial Ombudsman sees complaints rise because of Covid-19

The Financial Ombudsman has received over 3,500 complaints related to Covid-19 so far this year.

News Stories

LendingClub reveals the strain of seasonal expenses on US financial health

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, and PYMNTS Intelligence have partnered to shed light on the financial challenges faced by US consumers.
Praxent

Robin Smith takes on Chief Revenue Officer role at Praxent

Praxent, a financial services digital consultancy, has expanded its leadership by ushering in Robin Smith as Chief Revenue Officer. Smith, an enthusiast of FinTech and...
ESMA

ESMA shifts focus: Navigating the digital and green transitions in 2024

The European Securities and Markets Authority (ESMA) has recently unveiled its work programme for 2024.
This week saw the FinTech sector flounder compared to seven days ago, as the space failed to meet the $1bn mark in deals completed.

FinTech sector drops this week with only 24 deals

This week saw the FinTech sector flounder compared to seven days ago, as the space failed to meet the $1bn mark in deals completed.
SEC

SEC reviews Scope 3 emissions in upcoming climate disclosure rules

The U.S. SEC has received feedback against the inclusion of Scope 3 emissions in their proposed climate disclosure rule.

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