News
Stay up to date with the latest news in fintech, crypto, and digital finance. Our News section delivers concise, insightful coverage of market developments, funding rounds, regulatory updates, and innovations shaping the financial technology landscape.
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Financial Institutions Boost Compliance Spend, SteelEye Reports
Global financial institutions are increasing their compliance spend, preparing for a potential rise in regulatory fines. This information comes from the Compliance Health Check Report by SteelEye, a leader in integrated communications and trade surveillance solutions. The report shows a considerable rise in compliance spend by financial institutions worldwide. This strategic shift comes as these…
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Kalshi’s Valuation Hits $2bn After $185m Funding Boost
Following an extraordinary performance over the past year, the popular prediction market Kalshi has successfully raised an impressive $185 million. Consequently, this has propelled its valuation to an astounding $2 billion. This exciting news follows a “breakout year” for the company, which is making significant strides in the fintech sector. The Series C funding round,…
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Addepar Boosts Trading Infrastructure in Wealthtech Update
In the swiftly changing realm of wealth management, possessing the right tools is crucial. Professionals need robust platforms for precision, scalability, and actionable insights to maintain their lead. Addepar, a top global tech and data platform for investment professionals, has stepped up. This wealthtech firm recently rolled out significant updates to its trading infrastructure, marking…
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FreeAgent and GoCardless Team Up for Efficient Payments
Customers of the cloud-based business accounting software, FreeAgent, are about to experience more efficient payments. This improvement is due to a new partnership with bank payment company GoCardless. The collaboration is designed to offer faster, more efficient payments to FreeAgent’s small businesses, freelancers, and accountants. At the core of this partnership is GoCardless’s Instant Bank…
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Bank of Ireland Reports Q2 2025 Savings Index Dip
The latest report from the Bank of Ireland points to a dip in its Savings and Investment Index for Q2 2025. This dip in Ireland’s savings is due to fewer people reporting saving and feeling they are saving adequately. The Index fell to 87 in Q2, a significant drop from previous figures. Importantly, the Bank…
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AI Boosts Productivity and Profit for UK Firms: Lloyds Study
Artificial intelligence (AI) brings numerous benefits to the table. For example, a recent study by Lloyds Business Barometer reveals a significant AI productivity boost for UK businesses. The research found that a significant 59% of UK companies are currently leveraging AI. These businesses report that AI is crucial in enhancing their productivity and profitability. AI…
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Garanti BBVA Kripto Teams Up with Wyden to Boost Growth
In a significant move, Garanti BBVA Kripto, a subsidiary of one of Turkey’s largest banks, Garanti BBVA, has formed a strategic partnership with institutional digital asset trading infrastructure provider, Wyden. The purpose of this partnership is to enhance Garanti BBVA Kripto’s digital asset trading services, paving the way for growth. As the fintech sector evolves,…
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Web3 Experts Discuss Bitcoin and Altcoin Investment Risks
In a recent dialogue, esteemed individuals from Web3 tackled a wide array of subjects concerning cryptocurrency investment. They touched on Bitcoin, altcoins, treasures, and dark pools. A crucial point highlighted during this conversation was Bitcoin’s impressive stability, even amid geopolitical tension between Israel and Iran. For instance, over the past week, Bitcoin demonstrated its resilience…
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Fundraising News of Wednesday, 25 June
The fintech and crypto sectors witnessed significant fundraising activities today. Abridge, a US-based AI note-taking startup, raised $300M in a Series E round led by a16z, reaching a $5.3B valuation. UK-based Thinking Machines Lab secured an unprecedented $2B seed round, led by Andreessen Horowitz, achieving a $10B valuation. Meanwhile, XYZ Fintech raised £50M in Series…
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SEC Chair Eyes US as Global Cryptocurrency Leader
In an intriguing development in the global financial arena, Paul Atkins, the newly appointed Securities and Exchange Commission (SEC) Chair, sees the United States as the cryptocurrency global leader in innovation. This aspiration underscores the escalating importance of cryptocurrencies in the world economy. Historically, the SEC, tasked with safeguarding investors and ensuring fair markets, has…
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Elon Musk’s X Platform to Launch In-App Trading Features
In a significant development, Elon Musk’s X Platform is gearing up to launch in-app trading features. This move is part of a broader push to become a comprehensive “super app,” redefining the digital landscape. X CEO Linda Yaccarino announced this at the Cannes Lions advertising event. Under the visionary leadership of tech billionaire Elon Musk,…
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Zopa Unveils Biscuit Account with High Interest Rates
UK-based digital bank Zopa has introduced a new service, named “Biscuit”. On its journey to becoming the “home of money”, Zopa’s latest offering is a current account. The account, Biscuit, assures an unparalleled digital experience in addition to paying high interest rates to its users. With the fintech landscape becoming increasingly competitive, Zopa aims to…
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Dino Draghi Appointed as Akur8’s New Head of Brazil
Akur8, a solution for insurance pricing and reserving powered by transparent machine learning, is bolstering its strategic commitment to Brazil. The insurtech firm recently announced the appointment of Dino Draghi as the new Head of Brazil. This move is particularly significant in the context of the focus keyphrase “dino draghi akur8”. Draghi will be spearheading…
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British Business Bank to Boost Startups with £6.6bn Injection
Recently, the British Business Bank announced plans to inject £6.6 billion into early-stage companies. This startup funding boost targets innovative startups and businesses. The aim is to stimulate growth and invigorate market dynamism within the UK economy. This commitment by the British Business Bank marks a significant shift in the support extended to startups. This…
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Ares Management Launches First European Long-Term Investment Fund
The global alternative investment manager, Ares Management Corporation (NYSE: ARES), recently launched its first European Long-Term Investment Fund (ELTIF). This marks a substantial step towards better access to European long-term investment strategies. The fund, dubbed the Ares European Strategic Income ELTIF Fund (AESIF ELTIF), is a semi-liquid perpetual direct lending fund. It’s tailored to meet…
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Bank of England Boosts Transparency and Global Standards
The Bank of England (BoE) has taken impressive steps forward in its bid to enhance transparency, reinforce global financial standards, and advance its economic forecasting capabilities. This comes as part of the central bank’s drive to foster trust and stability in its operations, particularly as it navigates a complex economic landscape. These recent developments by…
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UK Economy Gains Momentum as Sectors Grow in May
May has proven to be a fruitful month for the economy, with more sectors displaying increased activity levels. This information comes from the latest UK Sector Tracker by Lloyds. Notably, four out of the 14 sectors monitored by the Tracker exhibited growth in May, which marks an improvement from April, where only two sectors grew.…
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Trump’s Truth Social Plans Bitcoin and Ethereum ETF
Truth Social, a branch of Trump Media (NASDAQ:DJT), recently submitted an application to the US Securities and Exchange Commission. They aim to launch a Bitcoin and Ethereum exchange-traded fund (ETF), a move that has caused a stir in the global financial community. Truth Social’s foray into the cryptocurrency market has created ripples, especially among the…
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Folk2Folk P2P Lender Pays Record £17.32m Interest
The UK-based peer-to-peer lender, Folk2Folk, announced a record-breaking £17.32 million in interest payments for the 2024/2025 tax year. This is the highest amount since the company’s inception. Folk2Folk, claiming to be the UK’s largest P2P lender based on total lending, is growing in popularity. Interest payments like these underscore the increasing success of P2P lending…
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Rede Partners Report Highlights Importance of NAV Financing
In a rapidly changing private equity landscape, the crucial role of Net Asset Value (NAV) financing is becoming increasingly apparent. This tool is proving vital for fund managers looking to unlock liquidity, optimise portfolio management, and drive value creation. The latest report from Rede Partners, a leading private equity advisory firm, delves into this emerging…