Latest News – Page 437

FCA Imposes £3.5 Million Fine on Coinbase Unit for Handling High-Risk Customers

The Financial Conduct Authority (FCA) has imposed a £3.5 million fine on Coinbase's CB Payments Limited (CBPL) for facilitating crypto trading services for high-risk customers....

Techstars Reduces Workforce as JP Morgan-Backed Program Concludes

Startup accelerator Techstars is reducing its workforce by 17% and discontinuing its $80 million Advancing Cities program, which was backed by JP Morgan. Launched in...

Significant UK Banks Violated CMA Regulations

HSBC, Lloyds, TSB, and AIB have faced criticism from the UK's competition authority for not adhering to regulations concerning the provision of clear and accurate...

US Regulators Investigate Bank-Fintech Partnerships

US banking regulators have issued a warning regarding the potential risks linked to third-party deposit arrangements, urging for more information about the relationships between lenders...

ECB Cybersecurity Assessment Identifies Areas for Enhancement

The European Central Bank (ECB) has indicated that there is "room for improvement" following its inaugural thematic stress tests focused on cyber resilience, aimed at...

Lloyds and Nationwide Back Scottish AI Fintech Aveni

Lloyds Banking Group and Nationwide have participated in an £11 million Series A funding round for Scottish AI fintech Aveni. The funding is led by...

Bank of Lithuania Freezes New Customer Onboarding for Local Paytech Kevin

The Lithuanian central bank has appointed an independent supervisor and imposed restrictions on new business for local paytech Kevin due to the firm’s ongoing failure...

ThetaRay Enhances AI-Powered Financial Crime Detection by Acquiring Screena

AI-powered financial crime detection specialist ThetaRay has acquired the screening company Screena, although financial terms of the deal were not disclosed. Screena provides banks and...

SBI and MAS Collaborate to Promote the Commercial Use of Tokenized Securities

Japanese financial conglomerate SBI is developing a commercial framework for the cross-border distribution of tokenized securities, conducting pilots in fixed income, asset management, and wealth...

Morgan Stanley Allocates $20 Million to NovoPayment

Morgan Stanley Expansion Capital has invested $20 million in NovoPayment, a provider of embedded financial and payment infrastructure services. NovoPayment is a SaaS company that...