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Scivantage sets up fintech incubator programme

Capital markets tech house Scivantage is teaming with Hoboken’s Stevens Institute of Technology to launch a fintech incubator programme promising capital, IT support and guidance to successful entrants.

UK fintech investment down 34% in 2023

Total UK fintech investment dropped to $12.3 billion in 2023, down 34% from $18.7 billion in 2022, according to KPMG’s Pulse of Fintech, a bi-annual report on fintech investment trends

Westpac adds anti-scam feature

Australian bank Westpac is adding a security layer for online payments as it seeks to address record customer losses to scams.

Block to pay $40m penalty for AML failures

Block will pay a $40 million penalty to New York regulators for “significant failures” in anti-money laundering programme and virtual currency compliance failures on its Cash App platform.

Deutsche Bank exec quits over ‘greenwashing’ probe

Asoka Woehrmann, the chief executive of Deutsche Bank subsidiary DWS, has resigned after German law officials stormed its offices over claims that the company exaggerated the sustainable credentials of some of its financial products.