"As just the fourth firm to be approved in the regime, we welcome new regulation as it encourages prosperity in the UK’s burgeoning crypto sector. As businesses that handle money, it is the correct approach for the FCA to ensure firms are suitably regulated and hold the relevant certification, such as the AML supervision.

Attacks on various crypto projects and ecosystems brought millions of dollars to hackers and scammers.

According to the recent findings by the Atlas VPN team, blockchain hackers stole $682 million in 72 hack events throughout Q1 2022. In addition, hacks on Solana and Binance Smart Chain ecosystems attributed to more than half of the losses during this quarter.

Major strategic move sees Klarna target financial services businesses with dedicated business unit

Klarna’s Financial Technology Platform now connects to over 15,000 banks across Europe and the US, making it one of the most comprehensive bank aggregators in the world.  

DataBP, the data licensing and commercial management platform, today announced that MarketAxess, the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, is leveraging DataBP’s services to support and automate data licensing and post-sales processes. 

Traditional banks as we know them are at a crossroads. One that will determine their role for the next several years and decades. Established financial institutions today confront a significant uphill battle to stay up with the capabilities and agility of a new generation of digital-first competitors. All of this while juggling the additional responsibility of ensuring that existing systems continue to operate without interruption. 

Appian today reveals that global leaders in financial services and insurance (FSI) believe that legacy IT infrastructure and applications are holding back their business transformation aspirations and automation objectives.

Tricount users can now reimburse expenses through a one-click bank-to-bank transfer in the app

Connection to users’ bank accounts is enabled by Aion Bank and Vodeno

Aion Bank and Vodeno are part of Mastercard’s Fintech Express programme aimed at connecting digital players and driving collaboration

Accelerated Payments today announced it has been ranked fifth on Business Money’s Receivables 2021 Intermediary Index, an industry review of the UK invoice finance sector. The review sees experienced commercial finance brokers reporting on how invoice financiers around the country respond to, and manage client needs, the appraisal process, and the ongoing relationship.

Tech-focused investment bank 

Cryptocurrency banking offers attractive alternative to low-risk, fixed-income assets

BVNK, the crypto-powered banking platform for global businesses, today announces a partnership with Simple that will bring cryptocurrency expertise and knowledge to 2,000 member family offices based in the European Union. Based in Copenhagen, Simple is the next-generation market intelligence, data and insights lab focused on helping family offices and private investors to professionalise and be future-ready.