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/people

Nasdaq raids UBS for new CFO

Exchange operator Nasdaq has appointed Sarah Youngwood as chief financial officer (CFO).

/startups

African startups raise $2.7bn in VC funding

Startups in Africa's fintech market have secured more than $2.7bn in venture capital (VC) funding in the last two years, according to a recently released report.

/crypto

Grayscale secures SEC legal win over bitcoin ETF

A US federal appeals court has sided with an asset manager in a lawsuit against the Securities and Exchange Commission (SEC) after the regulator denied an application to convert the Grayscale Bitcoin Trust into an exchange-traded fund (ETF).

/regulation

FNA awarded University of Cambridge grant to develop market monitoring tool

Network analytics and simulation firm FNA has been awarded $100,000 as part of the University of Cambridge’s SupTech Launchpad competition, to develop a working prototype of a tool for financial market monitoring via social media and web extraction.

/payments

BofA launches Global Digital Disbursements in Canada via e-Transfer

Bank of America is bringing its Global Digital Disbursements technology to Canada via the country's popular Interac e-Transfer system.

/payments

PandaDoc buys payments firm Denario

American document workflow software firm PandaDoc has acquired German business payment network Denario. Terms were not disclosed.

/payments

Trustly acquires SlimPay

Swedish open banking and payments firm Trustly has acquired A2A-based recurrring payments platform SlimPay in a deal believed to be worth €70 million.

/payments

BMO launches mobile wallet for virtual cards

BMO Commercial Bank has joined forces with Mastercard and Extend to give clients the power to create and push virtual cards to their employees' mobile wallets.

/wealth

Goldman sells mass market wealth management business

Goldman Sachs continues its retreat from the mass-market banking arena, selling off its Personal Financial Management (PFM) unit to Creative Planning.

/startups

Anthony Thomson launches acceleration partner for fintech startups

Having co-founded a gaggle of challenger banks, serial entrepreneur Anthony Thomson is launching an "acceleration partner" to help scale fintech startups.

/inclusion

M-Pesa goes live in Ethiopia

Kenyan telco Safaricom has launched its ground-breaking M-Pesa mobile money service in Ethiopia.

/crypto

US Treasury sets out crypto tax reporting proposal

Cryptocurrency exchanges and payment processors in the US will be required to report information on their users' transactions to the Internal Revenue Service under a new Treasury proposal.