Robinhood Crypto warns it could face SEC action
Trading platform Robinhood says its cryptocurrency arm has received a Wells notice from the Securities and Exchange Commission, indicating that the US regulator is set to take enforcement action.
BVNK launches embedded wallet that unifies fiat and stablecoin payments
Stablecoin payments infrastructure firm BVNK has launched an embedded wallet that unifies fiat and stablecoin payments globally.
Crédit Agricole to acquire Santander stake in Caceis
Crédit Agricole SA will continue to strengthen Caceis’ position as one of the major European players in asset servicing, supporting its clients’ business development objectives.
European banks hit by Russian hackers
A gang of pro-Russian hactivists have claimed credit for a series of attacks on the IT systems of banks and financial institutions across Europe.
Klarna raises $639m at $45.6 billion valuation
Klarna has raised $639 million in a funding round led by SoftBank’s Vision Fund 2 that values the buy now, pay later juggernaut at $45.6 billion.
Revolut and Visa file legal challenges over PSR’s plan to cap fees
Revolut and Visa have filed legal challenges against the Payment Systems Regulator over the UK watchdog’s decision to cap interchange fees on cross-border online payments, according to the Financial Times.
IFGS 2025: Is it time for wealthtech to take the stage?
At IFGS 2025, the panel discussion ‘The great wealth transfer: wealthtech’s time to shine’ focused on the evolving nature of wealth management, and how digitalisation, personalisation, and creative partnerships are key to scale up wealthtechs.
Temenos and Wipro partner to accelerate digital transformation in banking
Cloud-native platform Temenos has amplified their partnership with Wipro to support banks of all sizes speed up their modernisation journeys and expand go-to-market strategies in regions such as the UK, US, and Australia,
Australia’s Asic highlights governance lag in AI adoption
Australia’s Securities and Investment Commission (Asic) is urging financial services and credit licensees to ensure their governance practices keep pace with their accelerating adoption of artificial intelligence.
Sustainable Finance Live 2024: Agenda and speakers live
Sustainable Finance Live 2024 will kick off of Tuesday 8 October at Events@No6 in London. Finextra’s annual sustainable event will have interactive workshops, stimulating panel sessions, and a dynamic hackathon.
UK Payments Association calls on new PSR chief to delay APP fraud rules
The UK payments industry has called on the new interim Payment Systems Regulator (PSR) chief to postpone the implementation of new APP fraud rules by a year, warning that failure to do so could lead to “permanent damage” to the sector.
Texas Stock Exchange raises $120 million to take on Nyse and Nasdaq
A new stock exchange backed by BlackRock and Citadel Securities is being established to take on the New York Stock Exchange and Nasdaq.
Nasdaq Verafin unveils agentic AI AML workers
Nasdaq’s anti-financial crime unit Verafin has launched a suite of agentic AI digital workers built to help banks with anti-money laundering compliance by automating low-value, high-volume processes.
Puneet Chandok, head of AWS India and South Asia resigns -TechCrunch
Head of Amazon Web Services in India and South Asia, Puneet Chandok, has resigned.
Labour vows to make UK fintech leader
The UK’s Labour party says it will deliver the next phase of Open Banking, become a standard setter for the use of AI, and embrace securities tokenisation and a digital pound if it wins the next election.