LSEG and Barclays team up in multi-year data and digital push
LSEG will proffer access to its data and insights, as well as support Barclays’ digitalisation journey.
Stock Exchange
FCA proposes listing regime revamp to make UK more competitive
The FCA says its proposals would make listing rules “more effective, easier to understand and more competitive”.
LSEG taps Satvinder Singh to lead data and analytics division
Singh joins LSEG from Mastercard where he is the co-head for advisors in its data and services business.
WealthKernel names Brian Schwieger as new board chair and non-exec director
Schwieger was previously global head of equities and ETF trading at the London Stock Exchange.
Euronext in €5.5bn takeover bid for wealthtech Allfunds
Euronext has submitted an “indicative offer” to Allfunds’ board of directors.
Aussie BNPL fintech Openpay enters receivership
The firm’s assets, operations and trading activities are now under the stewardship of McGrathNicol.
2022: The year of fintech job cuts
FinTech Futures takes a look back at a bruising year of job cuts in fintech.
LSEG looks to boost post trade offering with Acadia acquisition
The deal is the latest in a string of acquisitions for LSEG this year.
Microsoft buys 4% stake in LSEG, pair to develop data analytics solutions
LSEG has also committed to a $2.8bn cloud-related spend with Microsoft over the life of the 10-year agreement.
FCA warns stock trading apps against gamification
The regulator is “concerned about problem behaviours” linked to trading app design.
Social trading platform Naga taps TrueLayer for A2A payments
Naga users will be able to top up their accounts using A2A payments authenticated via biometrics.
Private market exchange ADDX bags $20m in expanded pre-Series B
The latest equity round brings total funds raised by ADDX since 2017 to around $140 million.
How blockchain technology is opening up fractional investing
Blockchain tech can power access to alternative assets such as art, real estate and wine.
Cartoon: Fear gauge
A new cartoon illustrating how uncertainty in the stock market is making companies hesitant about going public.
DeFi for the masses — crypto investment platform Solvo readies for launch
Solvo will offer investments, savings, crypto buying and selling as well as a card for payments.
Robinhood to cut 23% of staff, crypto unit fined $30m
Robinhood CEO Vlad Tenev says previous staff cuts announced in April “did not go far enough”.
US fintech GloriFi to trade publicly following $1.7bn SPAC merger with DHC
The new combined business will be worth approximately $1.7bn with the deal expected to close in Q1 2023.
Multi-currency investment platform Lightyear lands $25m Series A
The Series A will support the company’s expansion into 19 European markets.
Aussie paytech EML Payments appoints Emma Shand as new CEO
Shand has been an EML board of directors member since September 2021.
India’s Jarvis Invest hires Rajesh Batreja as CSO
The company intends to expand throughout India and into the US and Middle East.
Euronext migrates core data centre from UK to Italy
The move has been a strategic decision made in response to multiple factors including Brexit.
FinTech Futures: Top five stories of the week – 29 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
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”.
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.
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”.
London Stock Exchange Group sells BETA+ in $1.1bn deal
BETA, Maxit and Digital Investor (collectively known as BETA+) have been sold to Clearlake Capital and Motive Partners.
Online brokerage ThinkMarkets secures $30m investment to support growth
The trading platform has headquarters in London and Melbourne.
New sustainable investing app Etcho set to launch in UK
Etcho wants to “empower everyone and anyone” to be able to invest their money sustainably.
Cartoon: Valuation
A new cartoon illustrating the disconnect between public and private market valuations.
Social investing app Shares hires former Revolut product lead as CPO
Harjas Singh will be based in the company’s London office.
Asset manager Abrdn confirms Interactive Investor takeover talks
Abrdn confirmed talks are taking place, but made clear nothing is finalised as yet.
The fintech SPAC boom: could London be next?
The FCA has made changes to promote investor protection and make SPAC deals more accessible in the UK.
SDX receives FINMA approval to launch Swiss digital asset trading platform
The authorisation will enable SDX to go live with a fully regulated offering.
Video: fintech news pick of the week – Paytm, M1 Finance and US open banking reform
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Indian payments firm Paytm files for IPO with $2.2bn target
The firm plans to use the funds to strengthen its payment network and explore new acquisitions.
Indian payments start-up MobiKwik targets $255 million raise with IPO
The IPO forms part of the company’s “IPO 2022 campaign”.
Circle to go public in $4.5bn SPAC deal
The combined company plans to float on the New York Stock Exchange (NYSE).
Video: fintech news pick of the week – Wise, Société Générale & BBVA
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Mark Cuban-backed banking app Dave to go public in $4bn SPAC deal
The two parties claim the deal will be finalised later this year.
Klarna sways towards US over UK for stock market listing
Klarna boss Sebastian Siemiatkowski says: “It’s more likely that Klarna will list in the US.”
