Ares Management to pay $1m for allegedly breaking rules about misuse of material nonpublic...
Los Angeles-based private equity firm Ares Management has been forced by the Securities and Exchange Commission (SEC) pay $1m to settle charges that it failed to implement and enforce policies and procedures reasonably designed to prevent the misuse of material nonpublic information.
BitClave forced to pay back $25.5m from unregistered initial coin offering to investors
Blockchain services company BitClave has agreed to pay back the proceeds of its unregistered initial coin offering (ICO) and settling charges brought on by the Securities and Exchange Commission (SEC).
ESMA wants feedback about proposed cloud outsourcing guidelines for financial firms
Outsourcing can have huge advantages for financial firms, but the rules about how to get it right must be clear, which is why the EU’s securities markets regulator is now asking the industry players for advice.
FCA confirms guidance for insurance firms on assessing product value
The Financial Conduct Authority (FCA) is today confirming guidance for insurance firms to consider the impact of coronavirus on the value of their insurance products.
Tink to support PayPal across Europe and receives strategic investment
Swedish open banking company Tink has filled its coffers by signing an extended commercial agreement with PayPal which now sees it include all countries within the European Economic Area (EEA).
Financial frauds and payment trends to look out for right now
The coronavirus has raised the risk of financial fraud across the world. Now, Featurespace, a Cambridge-based company that uses AI to detect fraud for banks and retailers, has listed the top ones to look out for right now.
How Cobwebs is stopping the game of whack-a-mole in the fight against money laundering
Money laundering in global financial markets is like “whack-a-mole”, when you stop one scheme, another just pops up, according to Daniel Nisman, the head of financial sector solutions at web intelligence company Cobwebs.
Signifyd launches new tool for online retailers
Signifyd has launched its Authorization Rate Optimization solution, a new tool which will help online retailers maximise conversion rates and protect themselves from fraud.
The 35 FinTech deals from the last week that you can’t afford to miss
Keeping up with all the comings and goings of the FinTech space is far from easy, but don't worry. We've got you covered with the deals that sent shock waves across the sector in the last week.
Appway secures $37m in funding round to support international growth
Switzerland-headquartered Appway, which builds business process automation software, has closed a $37m minority investment from private equity firm Summit Partners.
