Exclusive: Top fintechs slam regulators for slow progress on open banking December 20, 2022 A group of top fintech firms including Monzo and Wise have slammed UK regulators for a lack of progress on open banking today, claiming the “integrity and potential” of the regime in the UK is at risk.
FTX founder Sam Bankman-Fried agrees to US extradition in major U-turn December 20, 2022 The disgraced founder of FTX, Sam Bankman-Fried, has agreed to be extradited to the US from Bahamas where he faces a slew of fraud and conspiracy charges from federal prosecutors.
London payment firm launches Banking-as-a-Service solution on Advcash December 16, 2022 Fintech infrastructure firm, Mercuryo has partnered with payment platform Advcash to offer its customers access to virtual IBANs for EU and UK residents.
Trump unveils superhero NFT collection after teasing ‘major announcement’ December 15, 2022 Donald Trump has sensationally launched a superhero-themed NFT trading card collection today after teasing a "major announcement" on his Truth Social platform earlier in the day.
Exclusive: EY poised to ramp up fintech investment with new London Lab December 14, 2022 EY said it is set to pump millions of pounds into the fintech sector in the next year as it unveiled a new London incubator today designed to cultivate start-ups in the capital.
Bankman-Fried charged with money laundering in eight further counts from US prosecutors December 13, 2022 Sam Bankman-Fried has been hit by a slew of further charges from US prosecutors today including wire fraud, conspiracy to commit money laundering and campaign finance violations, according to reports. The fresh charges follow claims of fraud from US regulators earlier today that the disgraced former billionaire misled investors and pumped customers’ cash into specialitive [...]
MWek Solutions launches Regulatory Outsourcing and Technology business December 9, 2022 | Sponsored MWek Solutions comes to the market at a time of need, where regulatory and compliance uncertainty combined with opaque market activity has caused immeasurable damage. For those businesses left, having the correct internal processes in place have now become a priority for future success. Regulations and compliance will become a necessity and not a nice [...]
‘Web 3.0’ venture investment in freefall as crypto winter shakes market December 8, 2022 Investment into crypto firms has been in freefall this year as a deep ‘crypto winter’ sends shockwaves through the sector and causes venture capital firms to turn off the funding taps.
Wise shares tumble after analysts predict ‘disruptor will get disrupted’ December 8, 2022 Shares in fintech firm Wise have plummeted today after a note from investment bank Liberum told investors to dump the stock over mounting competition fears.
Crypto firms will need ‘sterile corridors’ on our watch, FCA warns December 7, 2022 The UK’s financial watchdog said today it will ensure crypto firms have “sterile corridors” between the different products and services they offer, as it assesses the wreckage of collapsed exchange FTX and prepares to bring the sector into its remit.