TabaPay to acquire assets of struggling BaaS fintech Synapse
Synapse previously filed for Chapter 11 voluntary bankruptcy and laid off over 50% of its workforce last year.
News, intelligence and resources on the global fintech industry including topics such as reporting.
Synapse previously filed for Chapter 11 voluntary bankruptcy and laid off over 50% of its workforce last year.
The industry-led taskforce will aim to “unlock the full potential of open finance”.
Americans spent nearly $57bn on gaming hardware, software, and in-game transactions in 2023.
Our pick of the top fintech news stories this week includes Nuvei, Westpac, iCapital and more.
Exploring the safe, fast and cost-effective regulatory compliance solution the industry has been looking for.
The new limit is poised to save US consumers more than $14 billion a year.
The PRA says the fine is the second-largest issued by the regulator to date.
Crager is due to transition into the role of senior advisor upon his departure from the company’s leadership.
The deployment builds on an agreement between the two companies in August last year.
FINTRAC says it uncovered three administrative violations by RBC during an examination last year.
The solution works to consolidate the bank’s previously fragmented data sets for its global markets business lines.
Founder Nameer Khan describes his latest venture as “a catalyst for the evolution of ESG enforcement”.
The deals mark Fintel’s third and fourth acquisitions of the year, following deals for Micap and Competent Adviser.
The latest cash injection brings Arch’s total funding to date to over $25 million.
The group aims to make use of Oracle’s enterprise performance management and planning functions.
The round was led by Bain Capital Ventures, with participation from existing backers, angel investors and customers.
As ESG transitions towards a matter of law and compliance, a lack of focus could have very serious consequences.
The acquisition includes an additional $150,000 payment dependent on MIntegrity’s financial performance.
The Economic Crime and Corporate Transparency Bill could revolutionise how the UK fights financial crime.
It is the first-ever electronic communication fine issued in Great Britain relating to trading energy products.
The deal is expected to close on 31 August.
The SEC says the fine should serve as “a warning for all advisers to ensure compliance”.
Under the terms of the deal, W2 will now trade as ‘W2 by FullCircl’.
Tariq joins WealthKernel from FNZ Group, where she was group head of business intelligence for three years.
Frank Zhang, “a fintech, ISO standard certification and sustainability veteran”, will lead the new subsidiary.
The SEC has leveraged 30 enforcement actions to date against firms failing to comply with recordkeeping requirements.
The company has now raised more than $150 million to date.
The UK’s largest banks and building societies have until 25 August to supply the information.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The Italian parliament has 60 days to bring the proposed tax into law.
The average loss to loan fee fraud in the UK is £260.
Moody’s Analytics’ Orbis database is set to strengthen the European Commission’s anti-fraud efforts.
Rcloud was the result of Regnology’s November 2022 partnership with Google Cloud.
The regulator’s 14-point plan seeks fairer interest rates on UK savings accounts.
The regulation is set to completely transform the relationship between financial services firms and consumers.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The group’s board of directors says Rose has “agreed by mutual consent to step down”.
The US Federal Reserve has fined Credit Suisse $269 million, with the UK’s PRA issuing a further $119 million fine.
FrauDfense is a new company set up to enable the exchange of information between the three banks.
The bank has seen its customer count jump from around 123,000 during FY22 to 224,000 at present.