Konsentus completed “multi-million” pre-Series A round

RegTech Konsentus has completed what the investor Conviction Investment Partners refers to as a "multi-million pound" pre-Series A round.

Santander spins out its $400m FinTech venture capital arm into Mouro Capital

Santander is spinning out its venture arm into the new entity Mouro Capital, a new autonomous investment firm using its $400m in allocated funds to back innovate FinTech startups without the fear of the big bank spying on them.

Lloyds axes 865 jobs as it keeps modernising its banking services

UK bank Lloyds has continued its programme of making employees redundant as it moves towards modernising the company.

FinTech Ohpen acquires loan and mortgage software company Davinci

Dutch cloud-banking FinTech Ohpen has acquired cross-border loan and mortgages software provider Davinci.

MatchMove bags $21m in deal and secures $338m valuation

Singapore-based FinTech MatchMove has raised $21m in a funding round backed by ZTC Private Markets, Singapura Finance, Vickers Partners, NTT Investment Partners, Iconic World and VV Pentafond.

23 FinTech rounds raised in the last week

Last week proved a huge win for challenger banks and the Latin American FinTech sector. Check out these funding rounds to find out why.

What these 25 funding rounds tell you about where the FinTech industry is going

Cybersecurity has had a big funding week with ReliaQuest picking up the biggest round last week, but several challenger banks and InsurTech ventures also bagged considerable cash injections.

Open banking company sync. partners with ComplyAdvantage

UK money management startup sync. has inked a partnership deal with RegTech ComplyAdvantage.

DGB Daegu Bank taps into quantum technology to boost its cybersecurity

DGB Daegu Bank has teamed up with SK Telecom to to use its 5G quantum cryptography technology in its mobile banking app IM Bank.

ECB warns that big tech entering the FinTech space could lead to security risks

The European Central Bank has warned that Europe's failure to produce big tech companies of its own to compete with American ones could leave the EU exposed and reliant on foreign providers as big tech moves into the FinTech sector.

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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