Credit Suisse Warns of $500 Million Hit From Billionaire’s Lawsuit
The bank has spent years fending off claims from Bidzina Ivanishvili, who sued it in Bermuda and Singapore for breach of trust, alleging he lost $800 million on forged trades made by his private banker.Read More
Russian Stock Market Rallies After Being Closed for a Month
Russia’s stock market jumped in its first, limited trading session since the West unveiled punishing sanctions nearly a month ago.Read More
Rapid Delivery Gets Some Insta-Validation
Instacart will add ultrafast delivery as it works to bolster its value proposition to customers and its own growth.Read More
SEC Announces New Leadership in Examinations Division and New York Regional Office
The Securities and Exchange Commission today announced that Daniel S. Kahl, Acting Director of the SEC’s Division of Examinations, will depart the agency after more than 21 years of service. Richard R. Best, Director of the SEC’s New York Regional Office…Read More
Martha Legg Miller, Director of Small Business Advocate Office, to Leave SEC
The Securities and Exchange Commission today announced that Martha Legg Miller, Director of the Office of the Advocate for Small Business Capital Formation (OASB), is leaving the agency at the end of April. Sebastian Gomez Abero will serve as Acting…Read More
This Week in Fintech: TFT Bi-Weekly News Roundup 24/03
The Fintech Times Bi-Weekly News Roundup on Thursday sees Zumo unveil its first chief people and culture officer, while Flutterwave launches in Tanzania. Job appointments European fintech Monese has appointed Alistair Bennett to chief product officer. He was previously a transformation director at Premium Credit Limited. Bennett will focus on taking Monese’s product capability to […]
GoCardless Launches Verified Mandates, a New Open Banking-Powered Fraud Prevention Tool
GoCardless, a provider of direct bank payment solutions, has launched Verified Mandates in the UK, a feature within its global bank pay platform that combines the Account Information Services (AIS) capabilities of open banking with a direct debit to stop fraud before it happens. This represents a new approach to tackling the age-old issue of […]
UAE Makes Moves Through Initiative Launches to Achieve Highest Programmers Per Capita Globally
Minister of State for artificial intelligence, digital economy and remote work applications, His Excellency Omar Sultan Al Olajma, has confirmed that the UAE government will adopt modern technology and artificial intelligence solutions to enhance its future readiness. This has followed the launch of 10 innovative initiatives from Coders HQ, an initiative unveiled under the umbrella […]
Behind the Idea: Claro Money
Claro Money offers the UK’s first digital financial coaching app which aims to simplify personal finances, with a focus on those under the age of 45. With features such as its jargon-busting glossary and the ability to set smart goals, Claro Money makes empowering financial advice available for all. Rob Brockington, CEO of Claro Money […]
Sustainable Sukuk and Bonds Framework Launched in Qatar to Create Harmonised Financial Ecosystem
Qatar Financial Centre (QFC), an onshore financial and business centre in the region, has developed a Sustainable Sukuk and Bonds Framework, which is based on the latest International Capital Markets Association (ICMA)’s Green Bond Principles (GBP), Social Bond Principles (SBP), and Sustainable Bond Guidelines (SBG). QFC’s Sustainable Sukuk and Bonds Framework integrates local requirements and […]
