ECB warns that big tech entering the FinTech space could lead to security risks
The European Central Bank has warned that Europe's failure to produce big tech companies of its own to compete with American ones could leave the EU exposed and reliant on foreign providers as big tech moves into the FinTech sector.
SEC sues investment advisers for allegedly misrepresenting its services
The Securities and Exchange Commission has filed an emergency action against Florida-based investment adviser Coral Gables Asset Management because of an alleged fraudulent offering.
SEC opens up private capital market for more people
The US Securities and Exchange Commission (SEC) has voted to amend its definition of accredited investors, meaning more people will soon be eligible to enter the private capital market.
The Financial Ombudsman sees complaints rise because of Covid-19
The Financial Ombudsman has received over 3,500 complaints related to Covid-19 so far this year.
Billon nets £2m in funding from the UK Future Fund
The London and Warsaw-based FinTech Billon has topped up its accounts with a £2m cash injection supported by the Future Fund scheme, which matched the £1m invested by angel investors and VCs.
LF Equity Income Fund has handed back over £2.26bn to investors after its collapse
LF Equity Income Fund was at the centre of the Woodford scandal and has now handed back over £2.26bn to investors since the fund started to wind up in January.
PayU calls for the UK government to adopt a global perspective when supporting FinTechs...
After a damning survey revealed that only one in four FinTech founders believe the UK government has been sufficiently supportive during the pandemic, PayU is now asking it to adopt a global perspective.
FSA Seychelles and CISI to collaborate to raise financial services professional standards
The Financial Services Authority (FSA) of the Seychelles and the Chartered Institute for Securities & Investment (CISI) will work together to promote professionalism and professional standards in the capital market sector of The Republic of Seychelles.
29 FinTech funding rounds from the last week that you can’t afford to miss
While Robinhood's massive Series G round may have secured the most headlines last week, InsurTech and PropTech ventures bagged the most capital injections.
Why RegTechs must be ready for a second coronavirus wave
A second wave of the coronavirus threatens to sweep across the world, presenting the RegTech industry with several new challenges.
