A recent review conducted by the Financial Conduct Authority (FCA), and published online today, has found that some challenger banks have significant weaknesses within their financial crime controls, and need to improve how they assess financial crime risk.

F10 Secures Funding Round and Management Buy-in to Fuel Global Growth

Partnerships 

Citi Collaborates with Ebanx in Latin America

BBVA will invest 15 million euros in Leadwind, a venture capital fund managed by the K Fund. The first phase would invest 140 million euros in technical enterprises in Spain, Portugal, and Latin America. Others include Telefónica, BBVA, Global Omnium via GoHub, SATEC, and AXIS-ICO via the Fond-ICO Next Tech program. 

Cloudreach, an Atos company, the leading multi-cloud services provider, today announced the launch of Sunstone, a breakthrough software platform designed to accelerate the modernisation of in-cloud environments. Through the use of AI and machine learning technologies, Sunstone automates the continuous modernisation of in-cloud applications to drive innovation, boost performance, increase security and reduce costs.

Enterprise resource planning company 

Marqeta has launched a comprehensive solution suite aimed at assisting customers in optimizing their card programs and taking control of end-to-end risk management (NASDAQ: MQ). This enables Marqeta customers to concentrate on business development while RiskControl handles risk, compliance, and fraud throughout the cardholder's lifespan. Real-Time Decisioning, a strong new fraud protection tool, enabling card programs to set fine-grained transaction rules, hence assisting in the reduction of payment fraud.

Currency.com, the rapidly expanding global cryptocurrency exchange, announced its entry into the US market. Currency.com US, a FinCEN-registered Money Services Business, will enable US residents to purchase, store, and invest in popular cryptocurrencies. Currency.com will be available in all 50 states in the United States. Clients in New York and Hawaii will soon be able to use the exchange. 

Euro Asia Pay, a Vancouver-based fintech solutions provider, is pleased to announce the entry into a partnership with PrepAnywhere, a K-12 edtech platform specializing in mathematics tutoring. The relationship allows new users of EAP’s solutions to benefit from PrepAnywhere’s premium plan upon signing up for either a Hero Financials or SideKick Card package at no extra cost for a period of six months.

Citi's Treasury and Trade Solutions (TTS) announced a contract with global payment processor Ebanx to provide an end-to-end digital collection solution (eCommerce) for Citi's institutional clients in Latin America. Citi's clients will be able to accept over 100 consumer payment alternatives online in 11 countries (Argentina, Colombia, Costa Rica, Ecuador, Dominican Republic, El Salvador, Guatemala, Panama, Paragu