Shares in Credit Suisse have slumped by a further five percent as the Swiss lender identifies material weaknesses in its financial reporting processes.
Sumsub, a global all-in-one verification platform, has teamed up with TrueNorth, a leading fintech software development company, to help banks in the US and beyond expand to global markets and digitize their services.
Ezra, the microlending fintech which provides ‘easy and rapid' credit solutions across Africa and emerging markets, has announced the appointment of Andrew Goodrich as its Chief Risk Officer.
London-founded fintech Detected has announced its expansion into the US market. The company, which provides a global end to end KYB platform, has established a US entity to better serve its American clients.
Swedbank can now assess the financial impact from the investigation by the U.S. Treasury's Office for Foreign Assets Control (OFAC) regarding the bank´s historical shortcomings. OFAC's investigation relates to the transactions that the bank has notified the authority about. Swedbank therefore makes a provision of 40 million SEK.
Noda, an open banking fintech, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced they will collaborate to enhance payment monitoring and compliance capabilities on Noda's growing platform that is supporting the new digital economy in Europe.
Monnai, a provider of consumer insights infrastructure for financial institutions, has raised $6.5 million in a Series A funding round led by Tiger Global.