FinTech News

Swedish neobank Northmill has repurchased bonds with a nominal value of SEK5.5m (£4.77m). The repurchase concerns the challenger bank’s senior unsecured bonds with a nominal outstanding amount of SEK500m (£41.48m).

AzeriCard, a leading card processing service in Azerbaijan, has partnered with Akurateco, a prominent payment solutions provider, to integrate Apple Pay and Google Pay into its platform.

InsurTech NEXT Insurance, which is on a mission to transform small business insurance, has teamed up with provider of third-party insurance verification services Evident, to provide NEXT's tailored insurance solutions to the small businesses that Evident verifies.

Berlin-based wajve closes its seed round on €5m, as it looks to help Gen Z better manage their finances.

Expanding its business into other areas, Swedish furniture giant IKEA has entered the banking space by acquiring a 49% stake in Ikano Bank.

United Claim Solutions (UCS) has acquired healthcare payment integrity platform solution Zebu Compliance Solutions for an undisclosed amount.

In a significant move underscoring its commitment to fight market manipulation, the Commodity Futures Trading Commission (CFTC) imposed a fine of $45m on a top-tier bank in May 2023. Eventus, a multi-asset class trade surveillance, algo monitoring and risk controls solutions provider, has explored what firms can do to avoid a similar incident. 

LHV UK, a banking services provider to over 200 FinTech and crypto companies, has raised €35m in funding, as it applies for a UK banking licence.

Jetty has announced a new partnership with Fortegra and Allianz to strengthen its insurance offerings and provide a more solid financial foundation for its products.

In the rapidly changing landscape of financial services, the balance between regulatory compliance and user experience is more critical than ever. With digital transformations reshaping the industry and regulatory pressures mounting, financial institutions face the daunting task of providing seamless digital experiences without compromising on regulatory standards.