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Reporting
News, intelligence and resources on the global fintech industry including topics such as reporting.
ICYMI fintech funding round-up: Brightwave, Mala, UnitPlus, Parachute, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Demystify Podcast: Demystifying the business use cases of AI and quantum computing with Sergio Gago of Moody’s
In this two-episode special, hosts Dave and Dharm chat with Sergio Gago, MD of AI and Quantum at Moody’s.
Buy now, pay later loans could provide consumers with a new, easy way to build credit
Once the BNPL data is folded into traditional credit scores it will be the first significant change in credit reporting in decades.
Visa reportedly in negotiations to acquire Featurespace in potential £700m deal
Featurespace provides financial crime prevention solutions for AML and fraud detection.
Global fintech investment fell by 19% in H1 2024, according to new Innovate Finance report
Total investment in fintechs worldwide amounted to $15.9bn in H1 2024, compared to $19.5bn in H2 2023.
BIS and Bank of England team up to evaluate synchronised settlement in FX transactions
The initiative is scheduled to commence towards the end of 2024.
AlphaSense acquires rival Tegus for $930m, valuation tops $4bn
AlphaSense has raised $650 million in conjunction with its latest purchase.
Major financial institutions unite to address liquidity fragmentation threat of blockchain incompatibility
Deutsche Bank, Citi, Mastercard, Northern Trust and trade finance platform Centrifuge all contributed to the report.
AI-powered regtech Cube acquires global regulatory intelligence enterprises from Thomson Reuters
Through this acquisition, Cube aims to “set a new bar for the industry in regulatory automation”.
Broadridge acquires Securities Industry Services business from Kyndryl
Kyndryl will provide the SIS business operated under Broadridge Canada with managed services.
TabaPay to acquire assets of struggling BaaS fintech Synapse
Synapse previously filed for Chapter 11 voluntary bankruptcy and laid off over 50% of its workforce last year.
CFPB publishes new report highlighting risks related to financial transactions in video games
Americans spent nearly $57bn on gaming hardware, software, and in-game transactions in 2023.
FinTech Futures: Top five news stories of the week – 5 April 2024
Our pick of the top fintech news stories this week includes Nuvei, Westpac, iCapital and more.
Optimising compliance in a busy year of reporting rewrites using Rosetta
Exploring the safe, fast and cost-effective regulatory compliance solution the industry has been looking for.
CFPB to cap credit card late fees at $8 and increase accountability among issuers
The new limit is poised to save US consumers more than $14 billion a year.
Bill Crager to step down as CEO of Envestnet
Crager is due to transition into the role of senior advisor upon his departure from the company’s leadership.
Canadian regulator fines RBC $5.5m for “administrative violations” of its AML rules
FINTRAC says it uncovered three administrative violations by RBC during an examination last year.
Private investment management platform Arch raises $20m Series A
The latest cash injection brings Arch’s total funding to date to over $25 million.
LSEG ditches legacy finance systems for Oracle Cloud
The group aims to make use of Oracle’s enterprise performance management and planning functions.
US fintech start-up Aleph emerges from stealth with $16.7m funding
The round was led by Bain Capital Ventures, with participation from existing backers, angel investors and customers.
Can banks connect the dots in their pursuit of sustainability?
As ESG transitions towards a matter of law and compliance, a lack of focus could have very serious consequences.
Morgan Stanley hit with £5.41m fine after energy traders used WhatsApp to discuss market transactions
It is the first-ever electronic communication fine issued in Great Britain relating to trading energy products.
Trading Technologies enhances buy-side appeal with Abel Noser Solutions acquisition
The deal is expected to close on 31 August.
SEC hands fintech investment advisor Titan $850,000 penalty for misleading clients
The SEC says the fine should serve as “a warning for all advisers to ensure compliance”.
SEC brings the hatchet down on Wall Street’s bad recordkeeping with $289m in fines
The SEC has leveraged 30 enforcement actions to date against firms failing to comply with recordkeeping requirements.
US climate tech start-up Persefoni secures $50m in Series C-1 funding round
The company has now raised more than $150 million to date.
FinTech Futures: Top five stories of the week – 11 August 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
European Commission brings in Moody’s Analytics to help fight fraud
Moody’s Analytics’ Orbis database is set to strengthen the European Commission’s anti-fraud efforts.
FinTech Futures: Top five stories of the week – 28 July 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UBS to pay $388m in fines relating to Credit Suisse’s doomed dealings with Archegos
The US Federal Reserve has fined Credit Suisse $269 million, with the UK’s PRA issuing a further $119 million fine.
ThetaRay’s Sonar goes live on Microsoft Azure Marketplace
ThetaRay currently engages around one billion end users and monitors over 15 billion transactions per year.
US accounting fintech Jirav raises $20m Series B funding
With the funds, Jirav plans to fuel product development, expand its customer base and attract new talent.
Nigerian paytech VigiPay taps ThetaRay for Sonar AML solution
Sonar will help protect the growing business against sanctions violations and other types of financial crime.
US credit union Golden 1 taps AML RightSource to strengthen transaction monitoring
AML RightSource’s tech will automate Golden 1’s transaction monitoring investigations and reporting.
Corlytics acquires regulatory lifecycle platform ING SparQ in €5m deal
Corlytics’ CEO John Byrne says the deal “sets the runway for further strategic acquisitions”.
CFPB outlines public registry proposal for nonbank terms and conditions
Firms would need to submit information on terms and conditions that “waive or limit” consumer rights.
What’s in store for ESG in 2023?
Over the next few years, many organisations will transform their business models and put ESG front and centre.
ICYMI fintech funding round-up: Paper.id, Opensee, Nilus and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures Jobs: This is why remote work makes imposter syndrome worse
Explore thousands of open roles on the FinTech Futures Job Board today.
