Sluggish progress on open banking regulation has left consumers ‘at risk’ April 7, 2023 Sluggish progress on open banking regulation has left consumers “unduly at risk” and regulators need to urgently ramp up protection measures, a group of experts has warned. Open banking, which was rolled out by regulators in 2017 to force high street lenders to open customers’ data to trusted third-party firms, has been consistently touted by [...]
Railsr picks former blockchain boss as new CEO after emergency sale April 4, 2023 City fintech firm Railsr has appointed a former blockchain boss as its new chief executive as it looks to steady the ship with three senior appointments after it was saved from the brink of bankruptcy last month.
London AI firm Quantexa becomes first ‘unicorn’ of 2023 after $129m funding boost April 4, 2023 London-based artificial intelligence (AI) start-up Quantexa has become the first new British ‘unicorn’ of the year today after closing a $129m funding round at a valuation of $1.8bn.
‘Never a better time to expand’: Kids’ finance firm GoHenry snapped up by saving app Acorns April 3, 2023 British kids finance firm GoHenry has been snapped up by US investing app Acorns in a deal which will see its financial education tools rolled out to millions of new customers in the US.
Former HSBC Company CFO Joins GFA Exchange Advisory Board March 30, 2023 | Sponsored Inclusive Fintech Startup Attracts Global Experience To Transform Financial Services Mark Body, a highly accomplished financial management professional and director has recently joined the advisory board at award-winning fintech, GFA Exchange. He brings a wealth of experience as the former Global CFO of HSBC ServCo, an £18 billion business unit within the largest bank in [...]
FCA boss pledges to review listing rules to avoid another Arm snub March 29, 2023 The chief of the Financial Conduct Authority has pledged to review the UK's listing rules after several British firms ditched the City and opted for New York listings.
‘Sink or swim’: Delayed update leaves UK’s £4bn open banking sector in limbo at critical moment March 29, 2023 The UK’s £4bn open banking sector faces a “sink or swim moment” as the industry awaits a crucial update on the future of the industry in the coming weeks, a lobby group has warned. Open banking, which was first rolled out by regulators in 2017 to force dominant high street lenders to open up their [...]
FTX: Bankman-Fried charged with paying $40m Chinese bribe March 29, 2023 U.S. prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, accusing the founder of the now-bankrupt FTX cryptocurrency exchange of paying a $40 million bribe to Chinese officials so they would unfreeze his hedge fund's accounts.
Start-up apocalypse? Cash crunch could wipe out venture-backed firms this year, Morgan Stanley warns March 28, 2023 Start-ups backed by venture capital (VC) could be wiped out in droves this year as cash dries up and investors turn off the taps, analysts have warned.
It ain’t easy being CZ: Binance chief sued by US regulator for alleged trading violations March 27, 2023 The chief of crypto exchange Binance has been sued by US regulators today for a slew of trading rule violations, including helping customers evade its own compliance controls.