FintechDaily Staff – Page 190

FCA Imposes £12.5 Million Fine on Citi for Trading Oversight Failures

The UK's Financial Conduct Authority (FCA) has imposed a £12.5 million fine on Citigroup Global Markets due to its previous failures to adequately oversee trading...

Ben, the Workplace Benefits Platform, Secures $16 Million in Funding

Employee benefits platform Ben has secured $16 million in a Series A funding round led by Atomico. Cherry Ventures, DN Capital, and Seedcamp also participated...

Stackwell Secures $3.5 Million to Address Racial Wealth Disparities

Stackwell, a digital investment platform aimed at the Black community, has successfully raised $3.5 million in a seed funding round. The funding was led by...

Crypto Crime Revenue Declines by 65%

Revenue from cryptocurrency-related crime decreased by 65% in the first half of 2022 compared to the same period in 2021. According to blockchain analysis firm...

Recognise Bank Names Jean Murphy as CEO

Digital SME banking startup Recognise Bank has appointed Jean Murphy as CEO. Murphy, who has an extensive background in banking with experience at Credit Suisse,...

CAB Payments Secures Up to £335 Million in London IPO

British business-to-business cross-border payments firm CAB Payments has raised up to £335 million through a listing on the London Stock Exchange. The company successfully placed...

Kenya Strengthens Consumer Data Protection Measures

The Kenyan Office of the Data Protection Commissioner (ODPC) has implemented stricter regulations on consumer data protection, specifically targeting fintechs and startups in the region....

CSI to Become a Private Entity in $1.6 Billion Transaction

Computer Services Inc., a fintech and regtech company, is poised to go private after agreeing to a buyout by investment firms Centerbridge Partners and Bridgeport...

Barclays RepoHack 2023 Aims to Garner Industry Support for Transforming Post-Trade Repos

Barclays has officially opened registrations for the Barclays RepoHack 2023, an industry hackathon aimed at encouraging market participants to develop innovative solutions for repo post-trade...

SoftBank Faces Unprecedented Losses Amid Technology Downturn

SoftBank's Vision Fund investment arm has reported a record loss, signaling challenging times ahead for financial technology fundraising. The Japanese conglomerate posted a $17.2 billion...