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Mediobanca invests €12 million in London fintech incubator

Mediobanca has joined with Founders Factory, the London-based global company builder and early-stage investor, to launch a new fintech venture studio and accelerator, underpinned by an overall €12 million investment from the Italian investment bank.

US judge green lights Terraform’s $4.5bn SEC settlement

Terraform Labs and its former CEO Do Kwon have reached a $4.5 billion settlement with the SEC after a jury verdict held them liable for orchestrating a years-long fraud involving crypto asset securities that led to massive investor losses when the scheme unravelled.

Iceberg Data Lab launches ESG AI assistant ‘Barbatus’

Green fintech Iceberg Data Lab has launched a new product that harnesses generative AI technology to generate real-time, text-based and fully sourced explanations in response to questions regarding the ESG data of portfolio companies.

UK communications watchdog launches cloud competition probe

Ofcom has announced its probe into cloud service providers Amazon, Microsoft and Google. The investigation will look into these providers, which generate around 81% of revenues in UK public cloud, to ensure the market is working properly and not limiting innovation or growth.

Zopa enters renewable energy market

Zopa Bank has entered the UK’s £23 billion renewable energy market, making its suite of buy now, pay later and retail finance products available to Octopus Energy customers across the country.

Galaxy Digital reaches $200m settlement over Luna token

Galaxy Digital has reached a $200 million settlement with the New York Attorney General (NYAG) over claims the crypto investing company promoted the now collapsed Luna digital asset without disclosing its interest in the token.