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.
One in five South Korean banks struggle to update their AML solutions
New research suggests that 23% of banks in South Korean banks have problems modifying their anti-money laundering compliance systems, according to a new survey from FICO.
ESMA advises European Commission about key areas to consider when changing alternative investment rules
The EU's Alternative Investment Fund Managers Directive (AIFMD) is up for review and the European Securities and Markets Authority (ESMA) has now issued an open letter about the key areas that may need some attention.
Indian competition regulator dismisses antitrust case against WhatsApp’s payment services
Competition Commission of India (CCI) has dismissed a case accusing WhatsApp of abusing its market dominance in the payment space.
