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The SME Finance Taskforce has released its coalition plan to boost the UK economy by speeding up lending and access to finance for 5.5 million SMEs.
02 August 2024
We’re excited to go live with Finextra’s new website next week.
Bourgeois Boheme (BoBo), a European fintech targeting high-net-worth individuals with the promise of instant transactions of up to €1 million, has closed a €6.5 million seed round led by Graphit Lifestyle.
01 August 2024
The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins' liabilities and their reserve assets.
AI-powered financial crime detection specialist ThetaRay has acquired screening company Screena. Financial terms were not disclosed.
30 July 2024
The Lithuanian central bank has appointed an independent supervisor and restricted new business for local paytech Kevin after losing patience with the firm for repeated failings to file its annual reports.
29 July 2024
Lloyds Banking Group and Nationwide have joined an £11 million Series A funding round in Scottish AI fintech Aveni.
The European Central Bank says there is "room for improvement" after conducting its first thematic stress tests on cyber resilience to determine how well individual banks would respond to and recover from a cyber attack.
US banking regulators have issued a warning on the potential risks associated with third-party deposit arrangements and made a call for more information on the relationships between lenders and fintechs.
26 July 2024
HSBC, Lloyds, TSB, and AIB have been rebuked by the UK's competition watchdog for failing to meet rules on providing customers with clear and up-to-date information.
25 July 2024
The Financial Conduct Authority has fined a Coinbase unit £3.5 million for enabling crypto trading services for high-risk customers.
Revolut's long-term quest to gain a UK banking licence is over, with the Prudential Regulatory Authority granting the licence with restrictions.
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