FCA and the Bank of England tell financial firms it’s time to get rid...

The traditional way banks calculated interest rates if it would borrow from other banks is about to end. And it is time financial services firms prepare for it.

Secfi closes $550m as it seeks to deepen its financing products

Secfi, a platform helping employees manage their equity stakes, has raised $550m from Serengeti Asset Management.

iSTOX bags second funding round in matter of months

Securities issuance and trading platform iSTOX has bagged a $5m investments, just months after closing its former round.

FinTech TigerWit gears up for Asian expansion after securing financial services licence in Hong...

Hong Kong’s Securities and Futures Commission has granted mobile and online trading platform TigerWit a financial services licence.

Goldman Sachs teams up with QC Ware to find out how to use quantum...

While quantum computing is still deemed to be many years away, investment bank Goldman Sachs is already trying to find out how the tech can be used in finance.

Zetwerk closes $32m Series B round

Indian business-to-business manufacturing marketplace Zetwerk to boost international trade with its new capital injection.

Robinhood now has ten million people on its platform

Stock-trading unicorn Robinhood has revealed that over ten million people have accounts on the platform.

Three federal regulatory agencies update trading rules for derivatives

An important rule around how large banks measure counter-party credit risk for derivatives contracts has changed.

Capitolis said to raise $40m in funding

Capital markets technology developer Capitolis has reportedly raised $40m in funding from Spark Capital and SVB Capital.

Broadridge to enhance portfolio management through latest acquisition

Portfolio solution developer Broadridge Financial Solutions has acquired ClearStructure, a developer of management solutions for investors.

News Stories

Foreign exchange firm owner charged with fraud and misappropriation

A man operating out of a California and Tennessee-based company has been accused of wire fraud, fraud and misappropriation.

CFTC charges foreign exchange firm with fraud in a bitcoin-linked Ponzi scheme

A foreign exchange firm used its investors’ money for personal expenses such as buying a BMW, according to charges brought out against it by the Commodity Futures Trading Commission (CFTC).

FINRA lists MirrorWeb on its compliance vendor directory

MirrorWeb, a web archiving and monitoring solution, has been listed in the Financial Industry Regulatory Authority (FINRA) Compliance Vendor Directory (CVD).

SumUp launches new business payment card in partnership with Mastercard

UK-based FinTech startup SumUp has unveiled its first business payment card to give merchants smoother access to funds and clearer oversight of their finances.

FIS has signed up German Opel Bank as its first European client for its...

Hot on the heels of having extended its partnership with PayPal, FIS has now signed its first European banking client to use its core banking system.