Financial services have been slammed by more GDPR fines than any other industry

The EU’s General Data Protection Regulation (GDPR) has been enforced for over a year. During that time, financial services businesses have incurred the bulk of the fines from the law.

Allfunds buys asset manager solutions provider Finametrix

Investment platform Allfunds has purchased FinTech business Finametrix, a provider of digital services to asset managers.

Gaming company Razer is the latest company seeking a banking license

Razer Fintech and a consortium of partners have applied for a Digital Full Bank License with the Monetary Authority of Singapore (MAS), as it looks to support undeserved youths and millennials.

Chime triples its valuation within nine months after new $500m Series E round

Despite investors growing weary, Chime’s new round proves they still have an appetite to invest huge chunks of cash into the right startup.

Envestnet | Yodlee introduces single API for Open Banking, PSD2

Envestnet | Yodlee, a data aggregation and data analytics platform, has enabled financial services providers to build solutions to comply with PSD2 and Open Banking.

Hungarian InsurTech platform Netrisk.hu bought out by MCI Capital in €56.5m deal

Hungarian InsurTech platform Netrisk.hu has been bought up by private equity firm MCI Capital.

Former Wirecard CEO Markus Braun arrested again for his alleged part of a multi-billion...

Markus Braun, the former top boss at disgraced FinTech giant Wirecard, has been arrested for a second time in Munich for his alleged role in a multi-year fraud.

NEX Group founder Michael Spencer becomes major investor in Element Ventures’ new UK FinTech...

Element Ventures is the name of a new fund aimed at supporting the UK’s FinTech industry. Now it has been revealed that Michael Spencer, founder of the NEX Group, has invested £25m into the new £100m fund.

10 FinTechs to fail in the market after raising funding – part one

Not all FinTech startups grow up to become the next Klarna or Revolut. But at least budding entrepreneurs can learn from failed businesses' mistakes.

PayTech RS2 enters Latin America through a new partnership with MOViiRED

FinTech in Latin America is getting really hot and RS2 has taken steps to not miss out on the opportunities in the region.

News Stories

HMRC publishes list of companies fined over $23.8m in total for breaching money laundering...

HM Revenue and Customs has named and shamed businesses that have been fined a total of more than £23.8m for breaking money laundering laws.

Future FinTech Group closes direct offering to the tune of $15m

E-commerce venture Future FinTech Group has closed the registered direct offering of three million share of its common stock at a purchase price of $5.00 per share on January 13, 2021.

Bookkeeper360 secures $1m seed round

Accounting startup Bookkeeper360 has secured $1m in seed capital to scale the venture and brings the total invested into the company to $2.1m since launch.

Expense management platform SalesTrip scored $1.4m in funding

SalesTrip, which builds expense management and travel booking software, has scored $1.4m in its seed funding.

Royale Finance said to collect $1.45m to bring DeFi to the iGaming industry

Royale Finance has raised $1.45m in funding to help merge DeFi with the iGaming industry.
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