December 2024 – Page 54

FDIC to Enhance Custodial Deposit Regulations in Wake of Synapse Collapse

In the aftermath of the collapse of fintech company Synapse, a U.S. regulator has announced plans to enhance recordkeeping requirements for bank deposits that third-party...

Macquarie Asset Management to Settle SEC Fraud Charges for Nearly $80 Million

Macquarie Investment Management Business Trust (MIMBT), a registered investment advisor under Macquarie Asset Management, has agreed to a settlement of $79.8 million with the US...

UK Foreign Secretary Commits to Prioritizing Nature and Climate Funding

In a speech at Kew Gardens on Monday, UK Foreign Secretary David Lammy addressed the government's plans to realign its priorities towards green initiatives and...

Effective Business Continuity Begins with Strategic Planning

A series of challenging questions confronted attendees at AFP in Nashville, Tennessee, prior to the keynote address by Malcolm Gladwell, who explored significant themes from...

Cardless Secures $30 Million in Funding for Its Embedded Credit Card Platform

Embedded credit card platform Cardless has successfully raised $30 million in growth equity funding. Since the beginning of 2023, Cardless has achieved remarkable 10x revenue...

Lithuanian Fintech Company Kevin Declares Insolvency

According to a spokesperson for the Vilnius District Court, the insolvency call was made after evaluating the company's financial data and determining that Kevin was...

On-Chain Privacy: Essential for Realizing Blockchain’s Full Potential

On-chain privacy and advancements in identity management are seen as essential for realizing the potential of blockchain technology and asset tokenisation in financial markets, as...

UK Government Targets Late Payments Legislation

A new Fair Payment Code has been introduced by the UK government to address the issue of late payments affecting SMEs. This code will replace...

Nasdaq Boosts Digital Banking Footprint in Latin America

Digital bank Nubank has chosen Nasdaq's regulatory reporting system, AxiomSL, for its operations in Latin America. This partnership builds on an existing relationship, with Nasdaq...

Fidelity and Abrdn Become Founding Members of New Investment Platform Trade Association

Facing increasing regulatory scrutiny, Abrdn, Fidelity, and SS&C have joined a new UK trade association for investment platforms. The Platforms Association aims to provide a...