The Bank of England has fined Vocalink Limited £11,900,000 in respect of a compliance failure under section 196 of the Banking Act 2009 (the “Act”). This is the first time the Bank has fined a financial market infrastructure firm. Vocalink has been regulated by the Bank since April 2018 as a specified service provider, a type of financial market infrastructure firm involved in the operation of UK payments systems.

DailyPay, a leading worktech platform, named Derek Andersen, Snap's Chief Financial Officer, to its Board of Directors. An accomplished finance leader, Mr. Andersen brings decades of leadership experience guiding prominent technology and media companies to DailyPay. His appointment to the DailyPay Board became effective on Friday, June 27, 2025.

Droit, a technology firm at the forefront of computational law and regulation, launches ‘Explore Mode’ for its Adept Platform using newly patented technology for methods and systems to identify and trace regulatory obligations associated with a set of transactions or scenarios.

Sumsub, a global leader in verification, today announced its integration with Verax, the attestation service built on Linea, the Ethereum Layer 2 network developed by Consensys. During the week of the EthCC in Cannes, Sumsub demonstrated how the companies are launching a streamlined way to issue on-chain identity attestations, giving Web3 users a fast and secure method to prove they are verified, and eligible for rewards or services – without compromising privacy.

Okoora, a company redefining global foreign exchange (FX) infrastructure, today announced a strategic partnership with DashDevs, global fintech product engineering company, to streamline the delivery of embedded foreign exchange (FX) functionality in digital financial products.

Instnt, the world’s first identity fraud loss insurance solution, announced today its certification to operate in New York. This milestone marks a key step in the company’s expansion strategy following its launch this March. The certification, granted by the New York Insurance Department, is a regulatory approval that allows Instnt to legally market and conduct insurance-related business in the state.

PayJunction, a leading tech-focused payments company, announced today an integration with Twilio (NYSE: TWLO), the customer engagement platform providing real-time personalized experiences, that enables businesses to easil

Bank of America has named Julie Schmelzle, senior relationship manager, Global Commercial Banking, president of Bank of America Southwest Florida. She succeeds Gerri Moll, who successfully led the market since 1997 and is retiring at the end of July after 41 years with Bank of America.

Research by TSB reveals that of the 31 percent of people who have acted on financial advice on social media platforms – over half (55%)1 lost money as a result.

Following the FCA’s ongoing focus on finfluencers, TSB surveyed almost 2,000 people who use social media as part of the bank's ongoing focus on keeping customers' money safe online.

Liquidnet, a leading technology-driven agency execution specialist, today announced the appointment of Michael Fidance as Head of CEEMEA Equity Markets.