FDIC gives Square conditional permission to open a bank
Square is one step closer to launching its bank in 2021 after the Federal Deposit Insurance Corporation (FDIC) board voted to conditionally approve the FinTech’s application for deposit insurance for its Industrial Loan Company bank charter.
SmartSearch brings it money laundering fighting abilities to the US market
UK RegTech SmartSearch has brought its anti-money laundering services to the US.
SEC fines Healthcare Services Group $6m over contingency reporting lapses
Healthcare Services Group agreed to pay $6m as part of a settlement with the Securities and Exchange Commission (SEC) for contingency reporting failures that led to accounting and disclosure violations.
How will Brexit affect wealth management regulations?
Brexit could change the realities of wealth management and how WealthTech companies can navigate the new realities is something Zaliia Gindullina, head of business development at Kidbrooke, discussed in a recent podcast.
Communications surveillance platform VoxSmart closes $25m growth equity round
Communications surveillance platform VoxSmart has closed a growth equity financing round on $25m.
FinCEN eyes modernised regulatory regime for AML/CFT in the US
The Financial Crimes Enforcement Network (FinCEN) has issued a consultation that is seeking comments on ways to modernise, streamline and update the US AML/CFT regulatory regime.
First operating system for compliance anecdotes raises $25m in its Series A
anecdotes, which identifies as the first operating system (OS) for compliance, has collected $25m in its Series A funding round.
Monetary Authority of Singapore announces FinTech Hackcelerator finalists
The Monetary Authority of Singapore has announced the 60 finalists for its latest Global FinTech Hackcelerator and Global FinTech Awards.
Miss these 27 funding rounds at your own peril
From stocktrading to teenage finances, last week's funding rounds provide plenty of things to consider for the future of the industry.
FCA warns UK banks and FinTechs on Afghanistan financial crime threat
Britain’s watchdog Financial Conduct Authority (FCA) warned banks to be vigilant about the risk of being used for criminal operations such as terrorist financing or money laundering in Afghanistan as the Taliban completes its takeover of the country.