Funding

FCA Strengthens Money Laundering Combat with Synthetic Dataset

New collaboration aims to enhance detection capabilities against financial crime.Highlights: FCA partners with Turing Institute to combat money laundering.Synthetic dataset will enhance data-sharing protocols among firms.Goal is improved detection...

Spektr Strengthens Compliance Efforts with $20M Funding

Fintech startup Spektr secures $20 million for AI-driven compliance solutions.Highlights: Spektr raises $20 million to enhance its AI...

Hacked DeFi Platform Drift Secures Funds to Repay Customers

Drift plans to relaunch with Tether support after addressing security issues.Highlights: Drift DeFi platform has secured funds after...

Business Banking Fintech Slash Reaches Unicorn Status

The fintech startup achieves a valuation of over $1 billion.Highlights: Slash has been valued at over $1 billion.The...

Amex Strengthens Digital Services with AI Expense Management Acquisition

American Express to acquire Hyper to enhance its business offerings.Highlights: American Express announces the acquisition of AI startup...
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US fintech Stash names Chien-Liang Chou as new CTO

Stash, the US-based investing and banking app, has appointed Chien-Liang Chou as its new chief technology officer (CTO). FactsChien-Liang Chou is Stash's new CTO,...

Cynergy Bank lands £20m funding from British Business Investments

UK-based Cynergy Bank secures a £20 million Tier 2 capital facility from British Business Investments to accelerate its growth plans. FactsCynergy Bank has secured...

WealthKernel confirms Aqsa Tariq as new chief financial officer

Aqsa Tariq named Chief Financial Officer (CFO) of WealthKernel, a digital investment infrastructure provider. Tariq aims to enhance company growth through financial strategy execution....

ICYMI fintech funding round-up: Communion, CityPay & more

Weekly funding round-up featuring notable fintech funding announcements. FactsCommunion, a new savings app founded by Daniel Hegarty, raised £2.5 million in pre-seed funding. Investors...

Adyen shares tank following underwhelming H1 2023 results

Shares in Adyen have plummeted to a three-year low due to disappointing H1 2023 earnings, attributed to slower growth, increased competition, and hiring challenges. Facts...

SEC brings the hatchet down on Wall Street’s bad recordkeeping with $289m in fines

The US Securities and Exchange Commission (SEC) has fined 11 Wall Street firms a total of $289 million for widespread "off-channel" communications using personal...

Mastercard Strive India launches to help small businesses go digital

Mastercard has introduced the Mastercard Strive India program, targeting the digital transformation of 500,000 Indian small businesses by 2025, focusing on micro-enterprises, women-led businesses,...

Singapore’s MVGX launches carbon SaaS subsidiary, appoints ex-BSI exec to take the lead

Singapore-based fintech MVGX launches a subsidiary, MVGX Tech, specializing in carbon Software-as-a-Service (SaaS) products and services, led by former BSI executive Frank Zhang. The...

Better.com gears up to go public through SPAC merger

New York-based digital mortgage lender Better.com is set to go public through an IPO by merging with SPAC Aurora Acquisition Corp, securing up to...
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