MAS urges finance companies to moderate dividends for the financial year

The Monetary Authority of Singapore (MAS) has called for finance companies incorporated in Singapore to cap their total dividends per share for the financial year 2020 at at 60% of 2019’s level.

Singapore’s Incomlend bags $20m Series A round to democratise trade finance

Shipping companies face many monetary uncertainties, but Incomlend hopes to alleviate some of those concerns on the back of its new $20m Series A round.

Blackhawk Network taps Moneyhub for compliance and open banking solutions

Payment provider Blackhawk Network has picked open finance data and intelligence platform Moneyhub to deliver its compliance with the open banking standards.

BLUEDOG and FortisPay merge

North America has found itself with another payment technology company as FinTechs FortisPay and BLUEDOG have announced that they are merging.

Curve makes bid for £10m grant from the BCR Capability and Innovation Fund

UK FinTech Curve has made a bid for a £10m grant in order to upgrade SME financing during the pandemic.

Email security startup IRONSCALES scores $8m in Series B round

IRONSCALES, a self-learning email security solution, has scored $8m in its Series B round to support its rapid growth plans.

End-to-end cybersecurity solution Oomnitza closes its Series B on $12.5m

Oomnitza, which helps companies to secure and manage their digital presence, has closed its Series B round on $12.5m.

Clara Insurance rebrands to Brella after extending its seed round

Clara Insurance has rebranded to Brella Insurance, in tandem with the close of a $1.5m funding round.

High Court slams Avacade and Alexandra Associates with £10.7m fine

The UK High Court has ordered pension introducers Avacade, Alexandra Associates and their directors to pay £10.7m restitution to consumers.

VibePay integrates more UK brands to its app and boosts its influencer offering

VibePay has integrated more banks and payment providers to its platform via banks and payment providers in order to appeal to more influencers.

News Stories

Big businesses responsible for major cyber vulnerabilities in the UK

Lots of financial services companies leave themselves exposed to hacks by using unpatched services, according to a new report by Rapid7.

Revolut’s losses more than tripled to £107.4m last year

Revolut annual losses jumped from £32.8m in 2018 to £107.4m in 2019, but the neobank is still hoping to break even by 2021.

Metro Bank launches SME receipt management tool as its reeling from £900m accounting mistake

Metro Bank has launched new app tools for businesses to manage their receipts as the company itself is still recovering from last year's accounting scandal.

MAS urges finance companies to moderate dividends for the financial year

The Monetary Authority of Singapore (MAS) has called for finance companies incorporated in Singapore to cap their total dividends per share for the financial year 2020 at at 60% of 2019’s level.

Singapore’s Incomlend bags $20m Series A round to democratise trade finance

Shipping companies face many monetary uncertainties, but Incomlend hopes to alleviate some of those concerns on the back of its new $20m Series A round.

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