Expense management startup Ramp is in discussions to raise around $200 million in a round of funding that would lift its valuation to about $16 billion.
Australian investment technology platform Jacobi is targeting the UK after securing $11 million in funding from a group of Silicon Valley VCs.
The UK’s Financial Conduct Authority has fined neobank Monzo £21,091,300 over its “inadequate” anti-financial crime systems and controls that were in place between October 2018 and August 2020
Banco Santander has slashed 2000 jobs in the UK as part of ongoing cost-saving measures.
Deutsche Bank’s Corporate Venture Capital (CVC) group has made a strategic investment in identity security firm Akeyless. Terms were not disclosed.
A team of ex-Revolut employees have released Zeal, a DeFi wallet and debit card combination that enables direct cryptocurrency spending on everyday items, eliminating the need for conversion to fiat currency.
UK banks will be given an extra 72 hours to stall payments if they suspect authorised push payment fraud.
UBS has pulled the plug on its $1.4 billion acquisition of robo-advisor Wealthfront but says it is still committed to its growth plans in the US and strengthening its digital offering.
Santander has doubled the size of its fintech investment fund, from $100 million to $200 million, in what the bank describes as a sign of commitment to its philosophy of collaborating with startups.
BBVA has officially launched its Banking-as-a-Service platform in the US, using APIs to let firms offer their customers financial products without having to take on fulling banking themselves.
Payments orchestration platform Paytently has unveiled an open banking-based account-to-account payment service built on Mastercard technology.