SEC and DOJ charge ex-CEO of Silicon Valley startup HeadSpin with $80m fraud
The Securities and Exchange Commission (SEC) charged the former CEO of HeadSpin Manish Lachwani with defrauding investors out of $80m by falsely claiming the company had achieved strong and consistent growth in acquiring customers and generating revenue.
SwissBorg teams with OpenPayd to bolster financial service suite
Cryptocurrency platform SwissBorg has partnered with payments company OpenPayd to help the former embed a full suite of financial services into its user experience.
Eventus concludes $30m Centana-led Series B
Trade surveillance firm Eventus Systems has secured $30m from a Series B funding round led by Centana Growth Partners.
How automation can help cut risk during customer onboarding
With more people digitally onboarding that ever before, the risks surrounding this process have become clearer and in the spotlight.
CFTC slaps Citibank with $1m fine for violating swap dealer regulation
The Commodity Futures Trading Commission (CFTC) has imposed a $1m fine on Citibank and Citigroup Global Markets for failing to comply with certain swap dealer requirements.
Swedbank’s quarterly earnings drop amidst money laundering scandal
The Swedish bank Swedbank has reported a dramatic drop in its quarterly earnings as it is still dealing with the fallout from a huge money-laundering scandal.
Climate disclosures to become mandatory in Japan from April 2022
Japan’s Financial Services Agency (FSA) has revealed it intends to make climate disclosures mandatory for large Japanese companies from April next year.
US regulators slap National Bank of Pakistan with $55m fine
The National Bank of Pakistan has agreed to pay $55m in fines imposed on its New York branch by three US regulators.
Quantexa updates data analytics platform to help firms tackle growing data volumes
Data and analytics software business Quantexa has unveiled the latest release of its data analytics platform to help companies tackle the rapid proliferation of data.
Las Vegas-based Shift4 Payments is filing for an IPO
Payments processing company Shift4 Payments has taken steps to go public if market conditions allow it.
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