FinTech News

BitClave forced to pay back $25.5m from unregistered initial coin offering to investors

Blockchain services company BitClave has agreed to pay back the proceeds of its unregistered initial coin offering (ICO) and settling charges brought on by the Securities and Exchange Commission (SEC).

Qonto valued at $5bn following Series D

French challenger bank Qonto has landed $552m in Series D funding, propelling it to a $5bn valuation, a report by Finextra has revealed.
Russell-Group-InsurTech-Zywave

Russell Group levels up with InsurTech Zywave

Russell Group, a London-based data and analytics company, has expanded its data universe with InsurTech Zywave.
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Fattmerchant closes $5.5m funding round led by Fulcrum Equity

Payment solution provider Fattmerchant has closed a $5.5m round of funding, from Fulcrum Equity Partners.

SumUp collaborates with ZSL on new contactless fundraising tech

UK-headquartered FinTech SumUp has partnered with the Zoological Society of London (ZSL) to develop a digital in-house fundraising technology to make contactless donations.
shell

Investment companies and shell companies: The hidden tools of money laundering

Money laundering is the process of disguising the proceeds of criminal activity as legitimate funds in an effort to conceal their illicit origin.

OppFi closes $50m in corporate credit facility to help consumers easily access credit

Chicago-based FinTech company OppFi received $50m in a corporate credit facility from Atalaya Capital Management.
Clara

Latin American FinTech Clara nets $60m equity financing

End-to-end spend management solution for LatAm firms Clara has scored $60m in a recent round of equity financing.
cybersecurity

ISC2 study reveals alarming ongoing cybersecurity workforce shortage

The recent study by ISC2, a non-profit organization, has highlighted a significant issue in the cybersecurity sector.

Docupace and Workplace partner to help improve the selection of insurance cyberseurity tools

Docupace and Workplace by OS33 have established a strategic partnership to combine their solutions and offer insurance firms greater cybersecurity and compliance utensils. Customers of...

News Stories

Cytora, a leader in digital risk processing, and ChAI, an AI-powered commodity pricing forecaster, have announced a strategic partnership.

Cytora and ChAI collaborate to fortify insurers against market volatility

Cytora, a leader in digital risk processing, and ChAI, an AI-powered commodity pricing forecaster, have announced a strategic partnership.
Avaloq launches OpenWealth standard at LGT, boosting asset manager services

Avaloq launches OpenWealth standard at LGT, boosting asset manager services

LGT, the international private bank of the Princely House of Liechtenstein, in collaboration with Avaloq and Synpulse8, has introduced the OpenWealth API standard to enhance its business with financial intermediaries.
Corpay acquires GPS Capital Markets to expand cross-border payment solutions

Corpay acquires GPS Capital Markets to expand cross-border payment solutions

Corpay, Inc., a global corporate payments company, has signed a definitive agreement to acquire GPS Capital Markets, LLC. GPS Capital Markets provides business-to-business cross-border and treasury management solutions to upper middle market companies, primarily in the US.
Emerald Bay and Lightspeed unveil partnership to provide comprehensive insurance coverage in California

Emerald Bay and Lightspeed unveil partnership to provide comprehensive insurance coverage in California

Emerald Bay Risk Solutions, a collaborative underwriting carrier, has announced a strategic partnership with Lightspeed Specialty Insurance Solutions, a specialty insurance MGA and subsidiary of Volnay Insurance Holdings.
Treasury Prime and FS Vector team up to enhance BaaS compliance

Treasury Prime and FS Vector team up to enhance BaaS compliance

Treasury Prime, a leading embedded banking software company, and FS Vector, a regulatory advisory firm, have announced a strategic partnership.

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