Banking

Bank of Ireland UK Fined $3.7 Million for Delayed Anti-Fraud Tool Implementation

Regulator penalizes the bank for missing critical compliance deadlines.Highlights: Bank of Ireland UK fined $3.7 million by PRA.Penalty due to 14-month delay in anti-fraud tool rollout.Regulatory body emphasizes the...

eBay Invests in TrueLayer, Strengthening Pay By Bank Initiative

The partnership aims to enhance direct bank transfers for eBay users.Highlights: eBay invests in TrueLayer to enhance payment...

Vestwell Doubles Valuation After $385 Million Series E Funding

U.S. savings platform Vestwell gains significant investment, boosting growth potential.Highlights: Vestwell raises $385 million in Series E funding.Valuation...

Australian AI Fintech Lorikeet Expands with New London Office

Lorikeet sets its sights on international growth by establishing a presence in London.Highlights: Lorikeet opens a new office...

ClearBank Enhances European Strategy with Ex-Uber Executive

New appointment aims to boost ClearBank's presence in Europe.Highlights: ClearBank hires ex-Uber VP of Operations for European expansion.Focus...
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Sequoia Capital reportedly offers Stripe investors share deal as fintech valuation tops $70bn

Summary of Sequoia Capital's Offer to Legacy Fund LPs for Stripe SharesOffer Details:Opportunity for LPs: Sequoia Capital offers limited partners (LPs) of...

Starling Bank founder Anne Boden reportedly steps down from board to focus on new AI venture

Summary of Anne Boden's Departure from Starling Bank and New AI VenturePerson: Anne Boden, founder of Starling Bank. Departure Details:Stepped down from...

Mexican fintech start-up OCN lands $86m Series A funding round to drive international expansion

Summary of OCN Securing $86 Million Series A FundingCompany: OCN (formerly OneCarNow), a Mexican fintech start-up. Funding Details:Total amount: $86 million. Components:...

FCA announces “biggest changes” to the UK’s listing regime “in over three decades”

Summary of FCA Overhauling the UK's Listing RulesObjective: To support a wider range of companies issuing shares on a UK exchange and increase...

BNP Paribas partners Ant International to enhance cross-border payment solutions in Europe

Partnership Overview:BNP Paribas partners with Ant International to enhance cross-border payment solutions in Europe. Formalized through a Memorandum of Understanding (MoU) signed...

Diamond Credit Union partners Tyfone for nFinia digital banking platform

Partnership:Diamond Credit Union selects Tyfone for its nFinia Digital Banking platform. The platform will serve both commercial and retail customers.Key Features:...

Argentinian fintech start-up Tapi bags $22m Series A led by Kaszek

Tapi secures $22 million Series A funding:Led by Brazilian VC firm Kaszek Participation from Californian VC Andreessen Horowitz (also led Tapi’s $9...

US regulators fine Citigroup $136m for “insufficient progress” towards compliance with 2020 consent order

Fines Imposed:The Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board fined Citigroup a combined $135.6 million. OCC...

TBC Bank Uzbekistan lands $38.2m equity investment

Funding:TBC Bank Uzbekistan (TBC UZ) secured a $38.2 million equity investment from stakeholders. TBC Bank Group, the parent company, is contributing $23...
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