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Forbes debuts 18 new firms to Fintech 50 list

/startups

Forbes debuts 18 new firms to Fintech 50 list

Forbes has released its annual Fintech 50 list for the tenth year, highlighting the top growing fintech businesses in the industry.

Citi, HSBC, Morgan Stanley, RBC fined for disclosing UK bond pricing

/regulation

Citi, HSBC, Morgan Stanley, RBC fined for disclosing UK bond pricing

UK regulator, the Competition and Markets Authority (CMA) has fined Citi, HSBC, Morgan Stanley, and the Royal Bank of Canada £104.5 million for sharing sensitive information about UK bonds between 2009 and 2013.

Securities and Futures Commission unveils roadmap to make Hong Kong a global virtual asset hub

/crypto

Securities and Futures Commission unveils roadmap to make Hong Kong a global virtual asset hub

The Securities and Futures Commission (SFC) outlined a 12-point strategy today to boost Hong Kong’s virtual asset (VA) market.

Crunchbase declares historical data dead; relaunches as AI-powered predictions engine

/ai

Crunchbase declares historical data dead; relaunches as AI-powered predictions engine

Crunchbase is getting an AI-powered makeover, moving away from historical company data towards predictive intelligence that it says will help users forecast with unerring accuracy how private firms are set to grow, what their funding rounds will look like, and future acquisitions.

Capital on Tap scores £750m in funding facilities

/wholesale

Capital on Tap scores £750m in funding facilities

London-based small business credit card provider Capital on Tap has secured £750 million in funding facilities.

Chase to restrict Zelle payments stemming from social media

/payments

Chase to restrict Zelle payments stemming from social media

Chase has warned customers that it will start blocking payments to social media contacts through the Zelle P2P network over fraud concerns.

ECB investigates settlement of DLT-based transactions in central bank money

/wholesale

ECB investigates settlement of DLT-based transactions in central bank money

The European Central Bank is looking into how to settle distributed ledger technology-based transactions in fiat money.

SEC creates Cyber and Emerging Technologies Unit

/regulation

SEC creates Cyber and Emerging Technologies Unit

The US Securities and Exchange Commission has created a Cyber and Emerging Technologies Unit (CETU) to focus on combatting cyber-related misconduct and to protect retail investors from hackers and the misuse of AI.

Revolut doubles down on hybrid working

/people

Revolut doubles down on hybrid working

Revolut may be preparing to move into a new HQ in London's Canary Wharf, but the fintech is staying true to its pledge to allow employees to continue to work from home.

Varo closes on $29 million capital raise

/retail

Varo closes on $29 million capital raise

US digital bank has closed on $29 million in funding as part of an investment round targeting a $55 million raise.

Compliance professionals split over value of AI

/ai

Compliance professionals split over value of AI

Growing levels of financial crime and regulatory scrutiny are forcing organisations to step up spending on compliance, but they are less sold on AI as the standalone solution, according to a global survey of risk and compliance officers by LSEG Risk Intelligence.

CommBank's x15Ventures invests in Xccelerate winner Gable

/devops

CommBank's x15Ventures invests in Xccelerate winner Gable

CommBank's venture scaling arm x15Ventures has invested in Seattle-based data management startup Gable, which emerged as the winner from a field of fintechs participating in its latest Xccelerate24 programme.

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