The first Sustainable Finance hackathon run by data science specialists Elastacloud in association with Finextra and Responsible Risk, took place on 16 and 17 January bringing together 38 professionals from the finance and technology sectors.
MoneyGram has confirmed that the cyberattack that knocked out its service for several days last month saw crooks steal customer data, including bank account numbers.
Singapore’s central bank is to commit up to $150 million to support startups developing innovative financial technologies over the next three years.
Digital investment advisor Betterment is joining the crypto goldrush through the acquisition of Makara. Financial terms were not disclosed.
The new EV payments platform will help to standardise how drivers pay at EV charge points. EV drivers primarily pay for charging using credit or debit cards, either by tapping their cards on a payment terminal or by using a kiosk. Other methods include using charging cards (RFID), smartphone apps, and ‘Plug & Charge’ technology. Some stations also allow for online payments or payments through QR codes.
A team of self-isolating entrepreneurs from London’s fintech sector have built a proof of concept which aims to support the UK’s five million self-employed in the Covid-19 economic crisis.
Yorkshire Building Society has used a low code platform from OutSystems to replace its outmoded e-commerce systems, re-building a platform that serves multiple use cases while significantly reducing the load on its branches and call centres.
Investors are prepared to dump their wealth managers if they fail to embrace new technology, suggests recently published research.
Family finance app Nosso is the latest UK fintech to bite the dust, following in the footsteps of circular economy firm Twig, open banking player Kikapay and business app Paysme,
Nigerian cryptocurrency exchange platforms, Busha and Quidax have been granted the first provisional licenses by the Nigerian Securities and Exchange Commission (SEC).
Wise CEO Kristo Käärmann has been slapped with a £350,000 fine by the FCA for a breach of senior manager conduct relating to his failure to immediately report a default on his tax bill.
Global custodians are leading the race in the adoption of tokenisation, according to a recently released survey.
Former PayPal and American Express boss Dan Schulman is joining Valor Capital Group, the cross-border venture fund focused on bridging the US and Latin American technology markets.
London-based cross-border payments outfit Currencycloud has raised £32 million in the first part of a Series E funding round, according to TechCrunch.
Pathzero, an Australian firm specialising in the measurement and management of financed emissions, has raised AU$8.6 million in a Series A+ round.