CSS acquires AMFINE to launch end-to-end-enabled compliance reporting platform

RegTech100 company Compliance Solutions Strategies (CSS) has acquired AMFINE, a provider of SaaS-based regulatory reporting services to European asset managers, asset servicers and insurers.

Pcysys has secured $25m Series B funding to keep developing its cybersecurity offering

Cybersecurity startup Pcysys has closed a $25m Series B funding round led by Insight Partners to expand internationally and to keep developing its software.

Fvndit has secured a $30m investment

California and Vietnam-based FinTech company Fvndit has secured $30m in a round led by Accial Capital and Variant Investments.

Salaryo secures $5.8m in new round aimed at protecting SMEs struggling from Covid-19

Freelance and startup-focused FinTech Salaryo has bagged $5.8m in a funding round and announce plans to grow into a full digital business banking service.

India-based Groww secures $30m in Series C round

Bangalore-based Groww has closed a $30m Series C financing round led by Y Combinator's growth-stage investment fund YC Continuity.

Cross-border payments startup Thunes has bagged $60m in a Series B round

Singapore-based FinTech startup Thunes has secured $60m in a Series B funding round led by Helios Investment Partners.

Lightspeed closes $275m fund to back Indian startups

Lightspeed India Partners has bagged $275m from LPs in a new venture fund aimed at supporting early-stage startups in the world's second-largest internet market.

Cybersecurity and InsurTech startups behind many of the 27 rounds raised last week

Of the 26 FinTech companies to raise rounds in the last seven days, cybersecurity and InsurTech companies enjoyed the most cash injections.

FinTech startup Lupiya bags $1m to fund the rollout of its financial inclusion tools...

Seven out of ten people in Zambia do not have access to formal financial services, but Lupiya hopes to change that on the back of a new $1m investment from Enygma Ventures.

FinTech backer Sequoia Capital India has raised $1.35bn from LPs in two new funds

The Indian branch of venture capital firm Sequoia Capital has announced that it has raised $1.35bn in an effort to bolster its continuous investment...

News Stories

Swedish Financial Supervisory Authority penalises SEB with $112m fine for AML failings

The Swedish Financial Supervisory Authority (SFSA) has given Nordic bank SEB with a SEK1bn ($112m) administrative fine after failings in its anti-money laundering efforts.

Swedbank is being investigated by the Swedish Financial Supervisory Authority for suspected compliance breaches

The Swedish Financial Supervisory Authority (SFSA) has initiated an investigation into Swedbank for suspected breaches of market abuse.

The European Banking Authority releases online survey for support on ESG risks

The European Banking Authority (EBA) issued a online survey to credit institutions to offer guidance on the disclosure of information on environmental social governance (ESG) risks.

The European Central Bank is reducing the burden of reporting for banks

The European Central Bank (ECB) has reduced the reporting burden banks in Europe face without impacting the amount of information it is able to collect.

The UK’s FCA launches new review of unsecured credit market

The UK’s Financial Conduct Authority (FCA) has launched a review of the future regulation of the unsecured credit market, which could see crackdown on companies

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