October 15, 2024 @ 11:40 am By Omar Faridi  |  

Cedric Iggiotti, VP Product, Screening at ThetaRay noted recently that in an era where financial institutions face growing pressure from regulators, Starling Bank’s enforcement action by the UK’s Financial Conduct Authority (FCA) serves as an important reminder: a robust compliance framework isn’t just a regulatory… Read More

 Tagged ai, compliance, perspective, regtech, starling bank, thetaray

October 15, 2024 @ 9:11 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has fined TSB Bank plc (TSB) £10.9 million over the “treatment” of customers in financial difficulty. The FCA leveled the penalty on the bank for allegedly failing to ensure customers in arrears were “treated fairly.” The FCA further noted that… Read More

 Tagged compliance, consumer protection, fca, financial conduct authority, fine, regulatory penalty, tsb, uk

October 15, 2024 @ 8:56 am By JD Alois  |  

Goldman Sachs (NYSE:GS) delivered solid results this morning, and the shares are responding in early trading. For Q3, Goldman reported top-line revenue of $12.7 billion and net income of $2.99 billion. For the nine-month period, Goldman announced revenue of $39.64 billion and net income of… Read More

 Tagged goldman sachs, gs

October 15, 2024 @ 8:25 am By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a “one-stop shop” for digital financial services that helps members borrow, save, spend, invest and protect their money, announced a $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group LLC. The… Read More

 Tagged anthony noto, online lending, sofi

October 15, 2024 @ 8:12 am By Omar Faridi  |  

PitchBook has shared key insights that focus on developments in the Fintech and payments ecosystems. The PitchBook report pointed out that Fintech performance has rebounded with shares of public fintech firms closing higher during Q3 of 2024, tracking the “broader” stock market’s rebound. PitchBook also… Read More

 Tagged fintech adoption, fintech trends, payments, research

October 14, 2024 @ 6:40 pm By Omar Faridi  |  

Brazil’s digital banking platform Nubank (NYSE: NU) recently introduced the Coupon Hub in Shopping do Nu, which is a discount center that aims to bring together various offers available in its marketplace and which will be gradually made available to clients. With this latest functionality,… Read More

 Tagged banking, brazil, Crypto Transactions, digital bank, latam, nubank

October 14, 2024 @ 4:04 pm By Omar Faridi  |  

Robinhood (Nasdaq: HOOD) has introduced a new “visual identity” that aims to reflect Robinhood’s growth and vision for the foreseeable future. When Robinhood was first established, they claim to have set out to build a platform that gives everyone improved access to the financial markets. During… Read More

 Tagged digital financial services, robinhood

October 14, 2024 @ 2:47 pm By Omar Faridi  |  

Cboe Global Markets, Inc. (Cboe: CBOE), the derivatives and securities exchange network, announced its Options on Cboe Volatility Index (VIX) Futures (Ticker: UX) are planned to begin trading on Cboe Futures Exchange, LLC (CFE) on October 14. The Options on VIX Futures will aim to… Read More

 Tagged cboe, derivatives, futures

October 14, 2024 @ 1:22 pm By Omar Faridi  |  

TD Bank Group (NYSE: TD) announced that, following “several years” of active cooperation and engagement with authorities and regulators, it has reached a “resolution” of previously disclosed investigations related to its U.S. Bank Secrecy Act (BSA) as well as the Anti-Money Laundering (AML) compliance programs…. Read More

 Tagged aml, enforcement, kyc, td bank

October 14, 2024 @ 8:39 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has published the results of a consultation on changing the term “Virtual Bank” to “Digital Bank,” joining most of the rest of the world. Hong Kong has been a progressive jurisdiction when it comes to embracing the digital banking… Read More

 Tagged banking, digital bank, hkma, hong kong, ronald iu, za bank