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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Alchemy Pay Partners with Sumsub for Enhanced Compliance
Alchemy Pay is taking a significant step towards enhancing regulatory compliance, transactional transparency, and user security. They’ve announced a major partnership with Regtech firm, Sumsub. The fiat-crypto payment gateway plans to integrate Sumsub’s top-rated Travel Rule solution across its product suite. This move is a milestone for Alchemy Pay, its users, and the fintech industry.…
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FCA Secures New Confiscation Order in Fraud Case
The Financial Conduct Authority (FCA) recently made further strides in an ongoing investigation by securing a new confiscation order against Reuben Akpojaro, relating to investment fraud. Previously, in May 2025, the FCA issued similar orders against Raheel Mirza, Cameron Vickers, and Opeyemi Solaja. All four individuals were part of a high-risk ‘all or nothing’ investment…
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FCA Rolls Out Enhanced Safeguarding Rules for Payment Firms
Starting in May 2026, new rules will provide consumers with increased protection when using payment firms. The Financial Conduct Authority (FCA) is introducing these changes to significantly enhance the safeguarding practices of payment firms. Safeguarding, a crucial part of financial regulation, mandates firms to separate their customer’s money from their own funds. Read More These…
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Envestnet and Yodlee Face Sanctions in Legal Battle
A Special Master appointed by the Delaware District Court has recommended sanctions against both Envestnet and Yodlee. This recommendation arises from an ongoing legal dispute with FinancialApps LLC, who alleges trade secret misappropriation. This move by the Delaware District Court signifies a crucial turn in the case, due to the severity of FinancialApps’ accusations. Trade…
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Trust Financial Planning Ltd Faces Liquidation in UK
The UK financial sector is currently experiencing the unfortunate liquidation of Trust Financial Planning Ltd. This news was confirmed on 7 August 2025, with Paul Stanley and Dean Watson from Begbies Traynor (Central) LLP appointed as joint liquidators of the firm. Before this, Trust Financial Planning had complied with several voluntary requirements from 19 March…
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OKX Launches On-Chain Earn in Singapore Market
OKX, a top digital assets firm, is expanding its global reach. This growth brings exciting updates, demonstrating its commitment to innovation, regulatory compliance, and user trust. A significant update is the launch of On-Chain Earn in Singapore, aimed at strengthening their regional operations. On-Chain Earn, a creative product from OKX, enables users to earn rewards…
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Market Anticipates Federal Reserve Rate Cut Next Month
Today, Federal Reserve Chairman, Jerome Powell, hinted at a possible rate cut in his speech at Jackson Hole. This signal has sparked market speculation of a rate reduction next month. The driving factors? A mix of potential inflation risks and a possible dip in unemployment numbers. As the central banking system of the United States,…
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Ethereum Outshines Bitcoin, Catches Eye of JPMorgan Analysts
Recently, Ethereum has started to outperform Bitcoin in the market. This development has caught the attention of investors and analysts. A team of analysts from JPMorgan, led by managing director Nikolaos Panigirtzoglou, have identified several factors contributing to Ethereum’s current success. Firstly, Ethereum’s platform use has increased. Unlike Bitcoin, Ethereum offers a broader utility scope.…
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FCA Wins Confiscation Order Against Reuben Akpojaro
The Financial Conduct Authority (FCA) has successfully obtained a confiscation order against Reuben Akpojaro, involved in an investment fraud case. This development comes after similar orders against Raheel Mirza, Cameron Vickers, and Opeyemi Solaja in May 2025. These orders form part of the FCA’s ongoing crackdown on investment fraud. Investment fraud, often referred to as…
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FCA Slaps Neil Woodford and WIM with £46m Fine
The UK’s financial regulatory body, the Financial Conduct Authority (FCA), has imposed sanctions on Neil Woodford and Woodford Investment Management (WIM). These penalties, nearly £46 million in total, are due to their mismanagement of the Woodford Equity Income Fund (WEIF). Neil Woodford, the firm’s figurehead, is personally fined £5,888,800. In addition, the FCA has placed…
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FCA to Consult on Motor Finance Compensation Scheme
The Financial Conduct Authority (FCA) plans to consult on a broad compensation scheme. This could lead to motor finance customers receiving payouts. It comes after revelations that many motor finance firms breached compliance rules and laws. Most notably, they failed to disclose commission paid by lenders. Regulations require customers to receive information about the commission…
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UK Financial Firms Gear Up for T+1 Transition in 2027
The T+1 implementation date, set for 11 October 2027, is quickly approaching. Financial firms are actively gearing up for this significant shift. However, the question remains – are they ready for the T+1 transition in the UK and Europe? In a recent discussion, Jamie Bell, the acting head of capital markets for the Financial Conduct…
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FCA Warns of Car Finance Scam Calls in the UK
The Financial Conduct Authority (FCA) has issued a warning about fraudulent calls from sham car finance lenders. These fraudsters falsely assert that individuals are entitled to compensation. This alert follows on from the FCA’s disclosure of a potential car finance compensation scheme. Since their disclosure, the FCA has received reports about these scam calls. The…
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Latin America Sees Surge in Cryptocurrency Adoption: Report
The latest Dune Analytics report underlines cryptocurrency and digital assets’ growing acceptance in Latin America. It’s changing the region’s financial infrastructures rapidly. Digital asset usage, including Bitcoin and Ethereum, is surging. This rise is reshaping the Latam financial scene. The report illuminates how these assets have grown from niche products to vital parts of the…
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Linqto Gains Court Approval to Sell Private Stakes
Linqto Inc., a once-thriving fintech startup, recently received court approval to sell stakes in private companies. This move is part of its ongoing bankruptcy proceedings. Known for facilitating investments in private firms, Linqto is currently grappling with financial difficulties. Bloomberg first reported the court’s decision, which offers a lifeline to the struggling firm. It allows…
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Kaspersky Highlights Rise in Cyber Threats and AI’s Role
In the dynamic world of cybersecurity and technology, Kaspersky brings us fresh research. It reveals key trends, focusing on rising cyber threats and the growing role of artificial intelligence (AI). The reports spotlight the growing frequency of intricate malware campaigns targeting financial institutions. They also note the comeback of notorious backdoors, adding to the risk.…
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Wyoming to Launch Dollar-Based Stablecoin FRNT with Rain
This week, Wyoming shared exciting news from the fintech world. The state plans to issue a dollar-based stablecoin named FRNT. This digital currency is a product of recent federal stablecoin legislation and state rules. The creation of the stablecoin is a result of the newly enacted GENIUS Act and the Wyoming Stable Token Act. Announced…
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UK Inflation Surges Past Predictions in July 2025
The UK Consumer Prices Index (CPI) experienced an unexpected surge, exceeding projections for the 12 months leading up to July 2025, as revealed by the UK Office of National Statistics. The index, gauging the average price shifts of consumer goods and services, jumped 3.8% in the same period. This figure marks an increase from the…
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OpenAI CFO Discusses Future of Tokenization in Fintech
OpenAI‘s CFO, Sarah Friar, recently took part in a CNBC interview. She spoke about the potential of tokenizing shares in platforms. OpenAI, a private firm recognized for developing ChatGPT, is keenly focused on AI technology. The conversation provides an exciting peek into fintech’s future, with a particular emphasis on tokenization. Tokenization, representing an asset digitally…
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Robinhood Expands AI Investment Advice to UK Users
The popular stock trading app, Robinhood (NASDAQ:HOOD), has recently expanded its services for UK customers. Now, they are providing artificial intelligence (AI) powered investment advice at no extra cost. This new feature aims to offer a data-driven approach to support users in making informed investment decisions. The AI service, known as Robinhood Cortex, uses advanced…