Genesis to Pay $21 Million Fine to SEC
Genesis has reached an agreement to pay a $21 million civil penalty to the Securities and Exchange Commission (SEC) for the unregistered offer and sale...
UK Fintech Set to Evolve into ‘Ubiquitech’ with Smart Data Roadmap, New Report Unveils
Chair of the Ubiquitech Group, Dr. Ruth Wandhöfer, has published a report that provides practical recommendations for enhancing a digital economy focused on trust, sustainable...
Funding for Ireland’s Fintech Sector Declines
In 2023, funding for Irish fintechs experienced a dramatic 94% decline, as revealed by recent research. The KPMG biannual report, "Pulse of FinTech H2'23," indicates...
Klarna Introduces Gift Card Store for BNPL in the UK
Klarna is partnering with Blackhawk Network to introduce the UK's first buy now, pay later gift card store. UK shoppers will have the opportunity to...
Danske Bank Partners with AWS for Cloud Agreement
Denmark's Danske Bank has entered into a multiyear agreement with Amazon Web Services (AWS) to enhance its investment in cloud technology. This partnership involves the...
Startup Lender SilverRock Receives Banking Authorization
New challenger SilverRock Bank has received banking authorization with restrictions from the Prudential Regulation Authority after completing a £50m funding round. The startup plans to...
Euroclear Invests in Blockchain Firm
Post-trade group Euroclear has acquired a stake in Iznes, a pan-European blockchain-based network within the asset management market. The transaction, for which no financial details...
Binance Executive Fleeing from Custody in Nigeria
A Binance executive detained by Nigerian authorities last month has reportedly escaped, according to local media. Meanwhile, the Nigerian government has charged the cryptocurrency exchange...
US Sanctions Imposed on Fintechs Tied to Russia
The US government has sanctioned 13 fintech companies for providing cryptocurrency services to Russian firms attempting to evade economic restrictions imposed since the start of...
US Accuses Crypto Exchange KuCoin of AML Violations
The United States has charged cryptocurrency exchange KuCoin and its founders, Chnu Gan and Ke Tang, with violating money laundering laws. Federal prosecutors allege that...