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Crypto exchanges should be made to prove they can cope with a flood of withdrawals from customers, crypto bourse OKX has said.
The job cuts make up around 10 per cent of IG Group's total workforce at the end of the 2023 financial year.
The Financial Conduct Authority said it has forced a number of buy-now-pay-later firms to change “potentially unfair and unclear” terms in their contracts today as it tightens the screws on firms before formally bringing the sector within its remit.
The government has confirmed it will bring cryptocurrencies into the remit of regulators today as ministers look to turn the UK into a global hub for crypto firms, saying it needs to avoid high-profile failure like FTX
Israeli fintech firm Plus500 said it was on track to hit a recently ramped up set of targets today after revenues rose over the summer on the back of a high-value customer boost.
Shares in newly listed fintech firm CAB Payments have cratered by more than half this morning after the firm issued a profit warning on the back of a slowdown in some of its key markets.
Under rules set to come into force later next year, consumers will be able to receive full reimbursement for fraud. Craddock warned this would do more harm than good.
A new venture fund backed by the state-owned British Business Bank has launched in Scotland today with the aim of rebalancing start-up investment away from London towards the north of the UK.
Wise shares have jumped this morning after the fintech firm hiked its profit guidance for the year on the back of a boom in customer numbers and bumper income from interest rates. Wise, which offers a current account to customers and allows them to ping currency overseas, said in a trading update this morning income [...]
London-based fintech Kennek has raised $12.5m (£10.3m) in a seed funding round led by HV Capital, the backer of Hello Fresh, Depop and Flixbus. The funds will allow Kennek, a software developer that provides a single platform for alternative lenders, to build on its home market and plans for expansion into the EU. Co-founder Xavier [...]
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