Exclusive: EY poised to ramp up fintech investment with new London Lab December 14, 2022 EY said it is set to pump millions of pounds into the fintech sector in the next year as it unveiled a new London incubator today designed to cultivate start-ups in the capital.
Bankman-Fried charged with money laundering in eight further counts from US prosecutors December 13, 2022 Sam Bankman-Fried has been hit by a slew of further charges from US prosecutors today including wire fraud, conspiracy to commit money laundering and campaign finance violations, according to reports. The fresh charges follow claims of fraud from US regulators earlier today that the disgraced former billionaire misled investors and pumped customers’ cash into specialitive [...]
MWek Solutions launches Regulatory Outsourcing and Technology business December 9, 2022 | Sponsored MWek Solutions comes to the market at a time of need, where regulatory and compliance uncertainty combined with opaque market activity has caused immeasurable damage. For those businesses left, having the correct internal processes in place have now become a priority for future success. Regulations and compliance will become a necessity and not a nice [...]
‘Web 3.0’ venture investment in freefall as crypto winter shakes market December 8, 2022 Investment into crypto firms has been in freefall this year as a deep ‘crypto winter’ sends shockwaves through the sector and causes venture capital firms to turn off the funding taps.
Wise shares tumble after analysts predict ‘disruptor will get disrupted’ December 8, 2022 Shares in fintech firm Wise have plummeted today after a note from investment bank Liberum told investors to dump the stock over mounting competition fears.
Crypto firms will need ‘sterile corridors’ on our watch, FCA warns December 7, 2022 The UK’s financial watchdog said today it will ensure crypto firms have “sterile corridors” between the different products and services they offer, as it assesses the wreckage of collapsed exchange FTX and prepares to bring the sector into its remit.
Moneyfarm strikes deal to fully-acquire digital advice platform Profile Pensions December 6, 2022 Online investment adviser Moneyfarm has agreed to fully acquire digital pensions planner Profile Pensions as it pushes forwards with efforts to expand its client base and services offerings. The cash-and-shares deal for an undisclosed sum will see Moneyfarm’s shareholders finance a 100 per cent takeover of the Preston headquartered pension adviser, as it seeks to [...]
Curve strikes $1bn deal with Credit Suisse to fund pay-later push December 6, 2022 Fintech payments firm Curve said it had struck a $1bn deal with Swiss lender Credit Suisse today to fund a growth push for its buy-now pay-later product, Flex.
Exclusive: Average start-up loan shrinks to just £142k while volumes drop by half December 6, 2022 The average start-up loan has fallen over 138 percent in the past year to just over £142k, from £339k in 2021., according to new data shared exclusively with City A.M. today. Moreover, the number of startup loans has more than halved compared to 2019. The findings by Purbeck Personal Guarantee Insurance follow a recent British [...]
Bob Diamond’s acquistion vehicle abandons merger with crypto firm Circle December 5, 2022 Bob Diamond’s acquisition vehicle has scrapped a deal to take cryptocurrency firm Circle public today as the sector is rocked by the collapse of crypto exchange FTX and a slump in prices.