BofA Introduces Account to Assist Parents in Teaching Financial Literacy to Kids
BofA introduces a new account designed to assist parents in teaching their children important money management skills.
SEC Takes Legal Action Against Cryptocurrency Exchange Kraken
The US Securities and Exchange Commission (SEC) has filed a lawsuit against Kraken, accusing the cryptocurrency trading platform of functioning as an unregistered securities exchange,...
Binance Settles US AML Charges by Paying $4.3 Billion; CEO Pleads Guilty
Binance has reached an agreement to pay $4.3 billion to settle a prolonged investigation by the US Department of Justice (DoJ). As part of this...
DORA: Catalyzing Transformation in Risk Management Technology
The upcoming implementation of the EU's Digital Operational Resilience Act (DORA) is expected to compel sell-side firms to make substantial adjustments to their third-party risk...
Kinnevik Disposes of Investment in Monese
Swedish venture capital firm Kinnevik has written off its investment in Monese, further exacerbating the financial challenges faced by the mobile money transfer startup. Kinnevik...
UK Should Leverage Open Banking to Challenge Card Schemes
The UK should leverage open banking to give retailers an alternative to card payments and enhance the efficiency of "clunky" P2P bank transfers, according to...
Trinidad and Tobago to Implement India’s UPI Payment Technology
Trinidad and Tobago has recently partnered with NPCI International Payments to establish a real-time payments system modeled after India's UPI. The Ministry of Digital Transformation...
Fintech Departure Intensifies as Family Finance App Nosso Shuts Down
Family finance app Nosso is the latest UK fintech to shut down, following in the footsteps of circular economy firm Twig, open banking player Kikapay,...
UK Companies Falling Behind on Sanctions Screening
According to a recent survey, UK companies are struggling to meet the requirements for sanction-screening prospective clients amidst increasing global geopolitical tensions. Data from UK-based...
US Online Brokerages Struggle Amid Market Downturn
US online brokerages experienced downtime as the market opened, with concerns of a potential stock market rout. DownDetector reported multiple issues at several leading online...