Iosco issues DeFi policy recommendations
International securities regulator Iosco has set out nine policy recommendations designed to address market integrity and investor protection concerns connected to decentralised finance (DeFi).
Ziglu bids to raise funds at a bargain-basement valuation
Ziglu, a UK-based cryptocurrency business that once commanded a $170 million price tag, is looking to raise £2 million to stay afloat at a massively discounted £10 million valuation.
UK startup Perenna secures banking licence from the FCA and PRA
Mortgage lender Perenna has become the first UK startup to receive an unrestricted banking licence in 2023.
Top Image Systems board recommends Kofax takeover offer
The board of Top Image Systems is recommending a cash takeover offer from Kofax that will see shareholders receive a hefty premium over the content processing firm’s share price.
How the US financial sector is embracing digital transformation in payments
During the Temenos Community Forum in Vienna in May this year, Finextra spoke to Phil Barnett, president of the Americas at Temenos, and Charles Kim, executive VP and CFO at Commerce Bank to discuss digital transformation in the US payments industry.
Fed pencils in three rate cuts in 2024, shallower path ahead
Federal Reserve officials maintained their outlook for three quarter-point rate cuts this year but forecast fewer cuts than before in…
Stacs raises $3.6m for DLT-based ESG tech
Hashstacs (Stacs), a Singaporean startup using DLT to help financial institutions meet their Environmental, Social, and Governance (ESG) needs, has raised US$3.6 million in pre-Series A funding.
Credit Agricole sets €15bn tech budget through 2022
French bank Credit Agricole (CA) is set to spend €15 billion on new technology over the next four years as part of its digital transformation.
GM dodges tariffs with production shift to US from Mexico
General Motors Co. plans to invest $4 billion in its US plants over the next two years to boost output…
Blockchain data platform Allium raises $16.5m
Allium, a blockchain data platform that works with the like of Visa and Stripe, has raised $16.5 million in a Series A funding round.
Inside Arra Finance’s acquisition of Crescent Bank’s $815M auto portfolio
Subprime auto lender Arra Finance has entered into an agreement to acquire New Orleans-based Crescent Bank’s auto business. Under the…
MasterCard raises the stakes for Money20/20 hackathon
MasterCard has raised the stakes for developers participating in the Money20/20 hackathon by chucking in a VIP Las Vegas experience and six-month access to its Startpath incubator programme for the winning team.
Retail boat registrations down 9% year over year
U.S. retail boat registrations fell year over year in September while dealer inventory shrank. Retail registrations declined 9% YoY in…
Future-proofing payments technology with cloud migration
Consumer expectations, behaviour and payment preferences are and will continue to evolve at an accelerated rate.














