FCA receives over 2,700 financial misconduct complaints over 2020/21
The Financial Conduct Authority (FCA) has revealed it received a total of 2,754 allegations of financial misconduct over the 2020/21 financial year.
OwnBackup to expand market reach after snaring $240m in Series E round
US data protection solutions provider OwnBackup has secured $240m from a Series E funding round at a valuation of $3.35bn.
Will cyberspace be a battlefield for financial institutions?
The cyberspace race is heating up. Over the past year, the number of ransomware and general cyberattacks have increased dramatically, with more companies, individuals and even governments falling into digital bear traps. How will this growing problem impact financial institutions?
Hippo to expand underwriting ability with two new InsurTech partnerships
US InsurTech Hippo has doubled its underwriting capacity after it entered an issuer carrier relationship with Ally Financial subsidiary and a partnership with Motors Insurance Corporation.
Triodos taps SurePay solution to prevent fraud, misdirected payments
Triodos Bank UK has selected SurePay’s Confirmation of Payee solution with the aim of reducing fraudulent and misdirected payments on its service.
RBI publishes consultation on overseas investment liberalisation
The Reserve Bank of India (RBI) has introduced two consultation papers with an aim of liberalising the county’s overseas investment regulatory stance.
Metro Bank taps BAME Recruitment to bolster workplace diversity and inclusion
Metro Bank has partnered with diversity and inclusion consultancy firm BAME Recruitment to help the company make more diverse and inclusive recruitment decisions.
Upgrade sharpens horn following $105m Series E round
US FinTech Upgrade has bolstered its unicorn status by lifting its overall valuation to $3.3bn following a $105m Series E capital raise.
FalconX bolsters unicorn status with $210m Series C
Cryptocurrency financial services platform FalconX has lifted its valuation to $3.75bn following a $210m capital raise in its Series C.
Vietnamese FinTech Timo taps Mambu to push brand expansion
Ho Chi Minh-based digital bank Timo has teamed with software-as-a-service banking platform Mambu to scale its business.
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