Robinhood announces layoffs, sheds 9% of full-time workforce
CEO Vlad Tenev cites duplicate roles and job functions and “more layers and complexity than are optimal”.
Cryptocurrency
Fintech start-up Valor set to launch in US for Latino and Hispanic communities
The company was founded by WePay alumni Parag Gupta (CEO) and Sankate Sharma (CTO).
How the regulation of fintech could help the UK stay competitive in the sector
The UK must balance innovation and competition with the need for customer protection through effective regulation.
US financial services super-app Multicent gears up for launch
Multicent will offer personal and business accounts, a crypto exchange and merchant services.
FinTech Futures: Top five stories of the week – 22 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Alkami tapped by ORNL Federal Credit Union for digital banking upgrade
The Alkami Platform will power ORNL FCU’s growing digital offering, with new services set to be rolled out.
Trading app Robinhood plots global expansion with acquisition of UK crypto firm Ziglu
Robinhood says the deal forms part of its mission to “democratise finance”.
Indian crypto platform CoinDCX raises $135m Series D
CoinDCX CEO says the investment “reinforces the belief in India’s immense potential in the crypto ecosystem”.
FinTech Futures: Top five stories of the week – 15 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Crypto paytech MoonPay receives $87m from entertainment and sporting stars
MoonPay CEO says: “Web3 is radically changing the way we approach the business of entertainment, sports and music.”
Bank of England’s fintech chief Varun Paul leaves for digital asset platform Fireblocks
Paul has been at the central bank for 16 years and spent just over a year as head of the fintech hub.
Binance.US lands $200m in first funding round at $4.5bn valuation
The digital asset exchange will use some of the new funds on developing new products and services.
Charitable giving start-up Daffy on the growth of donor-advised funds
FinTech Futures speaks to Daffy’s Adam Nash and Lorie Lambert about streamlining donations.
Two years on from the FCA’s AML/CTF registration regime, how are firms managing?
Two years on from its introduction, how have cryptoasset firms been navigating the registration process?
Bank of Italy bans N26 from “undertaking operations with new customers” over AML shortcomings
N26 says it takes money laundering “very seriously” and has been scaling up its global AML efforts since last year.
Blockchain.com valued at $14bn following Series D funding round
The round was led by Lightspeed Venture Partners with participation from Baillie Gifford.
FinTech Futures: Top five stories of the week – 25 March 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Banking app Dave partners FTX US to explore crypto payments
The partnership will see FTX Ventures, the venture fund arm of FTX Trading, invest $100 million in Dave.
Finovate Europe 2022: fintech investment trends – where’s the smart money going?
Investment professionals from Citi Ventures, Albion VC and Finch Capital discussed the ‘next big thing’ in fintech.
FCA says all UK crypto ATMs must be shut down
The FCA says none of the cryptoasset firms registered with the regulator have been approved to offer crypto ATM services.
Blockchain firm ConsenSys lands $450m Series D funding
Temasek, SoftBank Vision Fund 2 and Microsoft all contributed to the latest funding round.
Unbanked goes crowdfunding to build global bank on blockchain
Unbanked has attracted nearly $1.5 million from 1,500+ investors so far. The round closes on 26 April.
State of play: fintech and telco
How we pay, what we pay, and who we pay is changing, and telco firms are well positioned to take advantage.
Lunar lands €70m Series D extension round, launches crypto platform
Lunar CEO says the new funding will enable the firm to continue carrying out its Nordic expansion plan.
Can carbon coins help reduce your carbon footprint?
Connecting government accreditation and crypto can provide a viable alternative to carbon offsetting.
Broaden your horizons – cryptocurrency payments will be in high demand
Online merchants will soon need to offer crypto as a standard – how to choose the right platform for this?
BNY Mellon first GSIB to integrate Chainalysis crypto compliance software
BNY Mellon is building a multi-asset digital custody and admin platform for traditional and digital assets.
ICYMI fintech funding round-up: Blend, Canza, IMAN, NayaPay, NymCard, Plinqit, & Tiiik
Our weekly fintech round-up for you to get the latest funding news.
Crypto firm Bitpanda acquires Trustology to launch custody service
Trustology will be rebranded as Bitpanda Custody, providing an institutional-grade crypto custody platform.
Digital asset platform Amber Group valued at $3bn following $200m Series B+ round
The total investment to date in the company now stands at $328 million.
US fintech start-ups Airbase, Genesis Volatility, and Tilled raise funds
A handy round-up of the recent funding endeavours of three US start-ups in the fintech space.
Finovate supplement: stand out and showcase your brand to fintech professionals
Our Finovate supplements are a great way for you to gain additional brand awareness.
Compliance tech provider Sardine raises $19.5m in Series A
New funding came from Andreessen Horowitz, NYCA and Experian Ventures.
UK fintechs conduct blockchain settlement test with NatWest and Santander
Fnality, Nivaura and Adhara teamed up with NatWest and Santander for the proof-of-concept pilot.
Open Banking Expo’s CBDC conference to return for a second year
The virtual conference will be held on 10 March 2022.
India confirms digital rupee CBDC to debut by 2023
The finance minister announced a raft of digital economy support measures in her Union Budget 2022-23 speech.
FinTech Australia appoints paytech veteran Andrew Porter as CEO
Porter previously held senior roles at OFX, World First and TransferMate.
Fintech funding deals globally 31 January – 6 February 2022
Featuring FTX, Chargebee, Koho, Phantom and League.
Video: fintech news pick of the week – Diem, SAP & FTX
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Crypto wallet Phantom launches app following $109m Series B raise
Phantom claims to be “the fastest growing crypto wallet”.
