Solidus Labs, a digital asset risk surveillance firm founded by ex-Goldman Sachs engineers, has secured a $45 million B round led by Liberty City Ventures and joined by Evolution Equity Partners, Declaration Partners, and angels including former US Acting Comptroller of the Currency Brian Brooks and former CFTC Chairman Christopher Giancarlo.
Banco Santander has used bespoke, in-house developed software to digitise its core banking platform, already migrating 80% of its IT infrastructure to the cloud.
Nationwide Building Society says that the introduction of Strong Customer Authentication (SCA) rules in March is helping it stop 2000 cases of online card fraud a month.
The Office of the Comptroller of the Currency (OCC) has issued a consent order against digital asset custody services provider Anchorage Digital Bank over Bank Secrecy Act anti-money laundering failures.
Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced its new RiskControl solution, a comprehensive product suite to help its customers better optimize their card programs and take control of end-to-end risk management.
The International Monetary Fund says fast-growing finechs pose challenges for both regulators and less technologically advanced banks, whose long-term viability may be under threat.
Block has informed the SEC that a former employee has downloaded reports, without permission, containing customer information on US Cash App users.