It has been recently reported that global fines for banks and other financial institutions surged more than 50% in 2022 for failing to prevent money laundering and other financial crime. This has led to $5 billion in fines being handed out. Therefore, it’s perhaps not surprising to see in the news this month that Barclays is being probed by the FCA for suspected persistent failings in its compliance and AML systems. 

SteelEye and LeapXpert have partnered to help financial firms combat the risk associated with the use of unauthorized communications channels.  

Last year, $2 billion in eComms fines were handed out to Wall Street firms for failures in preventing employees from communicating on channels that were not being monitored for compliance.

In 2022, the business sector expanded by 76% compared to the previous year. European P2P consumer lending reduced the pace of growth. 

Mooncascade, the design and software development company, announced a strategic partnership with Salt Edge, the leading provider of open banking solutions.

Soldo, the London-based fintech creating the next generation of payments and expense management solutions, has today selected Form3, the cloud-native account-to-account platform, to provide SEPA Credit Transfer and Instant connectivity.

Digital Wallet Infrastructure platform ‘Liminal’ announces a partnership with ‘Notabene’, the leading end-to-end solution for crypto Travel Rule compliance, enabling safe and compliant crypto transactions. As a part of this partnership, both companies will work together to create a safe and compliant crypto ecosystem.

OKX, the world-leading cryptocurrency platform, has issued updates for the week of February 13, 2023.

OKX Web3 Wallet integrates with Core Network
The OKX Web3 Wallet has integrated with the Core Network to allow Core users to take advantage of OKX’s leading Web3 ecosystem.

Quanloop, a European alternative investment fund, announced today that it has surpassed a new milestone, having funded over 940 commercial projects worth more than 20 million euros since February 2020.

In three years, Quanloop investors have earned over 1.6 million euros in interest revenue while investing in loans. As of today, the fund has 88,000+ registered investors and a total capital of 12.2 million euros.

Dragonfly Financial Technologies Corp., a digital banking and treasury management FinTech, today announced three new C-level team hires as part of its double-digit employee growth.