Fund manager charged for defrauding retail investors to the tune of $58m
A fund manager has been accused of having defrauded retail investors by coercing them to invest $58m in two funds, despite having zero investment experience, the Securities and Exchange Commission alleged.
Visa’s acquisition of Plaid has officially been called off
After a year marred by an antitrust suit, Visa's acquisition of Plaid has officially been called off as the CEO says regulatory reviews threatened consumers' interests.
Deutsche Bank pays $120m to settle SEC corruption charges
Deutsche Bank has agreed to pay $120m in order to settle charges of having violated the Foreign Corrupt Practices Act.
Revolut applies for UK banking licence
Challenger bank Revolut has submitted its application for a bank licence in the UK to the nation's financial regulators.
Why the 25 FinTech rounds from last week mean huge things for buy now...
Buy now pay later companies continued their winning streak last week as 25 FinTechs raised big rounds.
Starling Bank CEO criticises government for not including fraud in new bill to avoid...
Starling Bank's CEO and founder Anne Boden has criticised the UK government for failing to include financial fraud in the Online Harms Bill, arguing it will lead to more "heart-breaking stories".
Lacework kicks off 2021 with funding round that puts it’s valuation at $1bn
Lacework, a security and compliance for the cloud generation, has hit a $1bn valuation after the close of a $525m funding round.
Cybersecurity company Sysnet acquires PCI compliance company NuArx
Cybersecurity and compliance solution platform Sysnet Global Solutions has acquired NuArx to help support its own market expansion.
Shield teams up with TeleMessage to help financial institutions monitor employee WhatsApp messages
Electronic communication monitoring RegTech platform Shield has partnered with TeleMessage to enable the direct capture and storage of mobile and WhatsApp voice and chat messaging.
The Bank of Jamaica explores changes to electronic payment regulations
The Bank of Jamaica is reportedly exploring regulatory framework for electronic payment service providers and is looking for industry proposals by January 15 2021.
