/retail
ZayZoon, an earned wage access provider for SMEs has raised $15 million in a Series B extension led by Viola Fintech.
27 March 2024
/regulation
As it warns firms and so-called 'finfluencers' to keep their social media ads lawful, the UK's Financial Conduct Authority has published guidance for memes, reels and gaming streams promoting financial services.
/crypto
The United States has charged cryptocurrency exchange KuCoin and two of its founders with flouting money laundering laws.
26 March 2024
/payments
After nearly 20 years of litigation, Visa and Mastercard have reached a settlement with US merchants lowering and capping credit card interchange rates in a deal that could save the merchants $30 billion over five years.
The US government has imposed sanctions on 13 fintechs for offering crypto-based services to Russian firms looking to evade the economic restrictions in place since the outbreak of war in Ukraine.
/wealth
While almost all asset managers are already using artificial intelligence (AI) in their investment process, only a handful are using the tech for more advanced tasks, according to a recently published study.
/security
Worldpay is set to offer Mastercard’s Ethoca Alerts to its one million merchants worldwide, helping them resolve transaction disputes faster and with fewer chargebacks.
/people
Baiju Bhatt, the co-founder and chief creative officer of online stock trading firm Robinhood, has resigned from the company to "pursue other entrepreneurial interests".
Swift says a new round of sandbox testing has found that its central bank digital currency interlinking technology can enable financial institutions to carry out a wide range of transactions using CBDCs and other forms of digital tokens, easily incorporating them into their business practices.
NatWest is working with Sparta Global to find and train technology talent from under-represented communities.
Goalsetter a US financial education platform focused on helping families learn how to spend, save and invest, has raised $9.6 million in a Series A extension round.
25 March 2024
/cloud
FundGuard, the cloud-native, AI-powered, multi-asset class investment accounting platform, has closed a $100 million Series C funding round led by Key1 Capital.
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