Crypto exchange OKX hit with $505m penalty over AML violations
The operator of the OKX crypto exchange will pay more than $504 million in fines and fees after admitting breaking US anti-money laundering laws.
The operator of the OKX crypto exchange will pay more than $504 million in fines and fees after admitting breaking US anti-money laundering laws.
Getpaid, a European payments startup for marketplaces and platforms, has raised $6 million in a seed funding round led by Nordic investor Inventure with participation from Picus Capital as well as high profile business angels from the payment and marketplace industry.
UK regulators are calling for feedback on the benefits and risks digital wallets from Big Tech giants such as Apple and Google bring to people and businesses.
Dozens of US credit unions have been hit by outages following a ransomware attack on a cloud computing vendor.
The UK Government has announced that the British High Commission (BHC) in Suva, Fiji have formed a partnership to deliver climate finance projects in Pacific Island countries.
Earlier this month, Richard Peers of ResponsibleRisk – and keynote speaker at this year’s Sustainable Finance Live conference – spoke to director of nature programmes and GFI Hive at the Green Finance Institute (GFI) on nature-related financial risks for the UK.
Dr Carsten Wengel, head of global sales and distribution in the card and digital payment business at G+D, spoke to Finextra on sustainable cashless options that are emerging in the financial services sector.
UBS has launched Hong Kong’s first investment-grade tokenized warrant on the Ethereum public blockchain network.
SG-Forge, the digital asset division of French bank Societe Generale is deploying its Euro-based stablecoin on the XRP Ledger (XRPL).
HSBC has enlisted Google Cloud to build a global call centre AI chatbot that helps employees cut down on the time they spend on manually intensive queries.
SC Ventures, the fintech investment and incubation arm of Standard Chartered, has launched Labamu, an invoicing and billing platform for SMEs in Apac.
PayPal’s PYUSD is now available on the Solana blockchain in a move that the company says will make its stablecoin faster and cheaper to use.
LemFi, a financial services platform for immigrant communities has acquired UK fintech Pillar to expand its credit services. Terms of the deal were not disclosed.
English county Yorkshire is bidding for a prime position in the UK’s AI sector with the launch of an investment fund targetting AI startups.
Triodos Bank UK and rewilding charity, Trees for Life, have successfully raised a crowdfunding bond worth £2 million, just 48 hours after launch – demonstrating the rising demand for rewilding as an investment opportunity.