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Friday, August 28, 2026

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Compliance Leadership Becomes a Growth Priority as UK Payment Firms Respond to Record Enforcement Pressure

The Financial Conduct Authority imposed more than £124 million in fines during 2025,

88% of UK Customers Would Switch Banks Due to Financial Crime Failures, ThetaRay Report Finds

ThetaRay, a global leader in AI financial crime compliance, today released The ThetaRay UK Banking & Fintech Trust Report 2026. The findings, launchedon the eve of The Global RegTech Summit, reveal a systemic shift in consumer behavior: 88% of UK customers are prepared to abandon their primary financial institutions over failures in preventing money laundering or terrorist financing.

Axiology and Profitus Set Baltic Record with €3.4M Digital Bond

Axiology, the financial technology company specialising in distributed ledger technology (DLT) infrastructure for capital markets has registered a record-breaking digital bond, funded through the leading crowdfunding platform in Lithuania – Profitus. The bond was registered by Axiology and distributed through Profitus, closing at a final value of €3.4 million. It is secured by shares in companies owned by Lithuanian Shark Tank investor Gediminas Kvietkauskas.

Equifax and Mifundo Open Access to Brazilian Credit Data for European Banks

Mifundo, a pan-European credit data platform, has integrated credit data from Equifax BoaVista, subsidiary of Equifax Inc. in Brazil, enabling European banks to access verified Brazilian credit information as part of their credit assessment processes.

SGX FX Adopts Chainlink to Make its Premium OTC FX Data Available to Thousands of On-chain Apps

SGX FX, a leading technology partner for the global institutional FX ecosystem, has adopted Chainlink, the industry-standard oracle platform, to broaden access to its OTC FX data and support greater flexibility in how institutional participants consume trusted market information.

Triathlon Ireland Reduces Financial Reporting From Days to Minutes with AccountsIQ

Triathlon Ireland, the national governing body of triathlon and multi-sport in Ireland, hosting 250+ events nationwide and supporting 20,000 athletes has automated its financial reporting with AccountsIQ’s cloud accounting software.

MoneyHash Names Hwan Lee Regional Director for Africa

MoneyHash, the payment orchestration platform for emerging and global markets, has appointed Hwan Lee as its new Regional Director for Africa. The strategic hire reflects MoneyHash’s continued expansion across high-growth African markets and its broader vision of helping businesses scale and manage complex payment operations across providers, methods, and markets in emerging economies.

Souhoola Opens Its New Branch at City Stars, Expanding the Reach of Its Financial Services Across the Egyptian Market

Souhoola, Egypt’s leading consumer finance company and Buy Now, Pay Later (BNPL) platform, announced the opening of its new branch at City Stars on May 15, 2026, as part of the company’s expansion strategy aimed at strengthening its presence and reaching a broader customer base through key locations and major commercial hubs across Egypt.

Silks and Credas Partner to Bring Seamless ID Verification to AI-powered Legal Workflows

Silks, the privacy-first AI platform purpose-built for mid-market law firms, today announced a strategic integration with Credas, a leading provider of ID verification and anti-money laundering (AML) technology.

Zepz Partners with UK’s National Crime Agency (NCA) to Pro-actively Develop Financial Risk Indicators of Child Sexual Abuse (CSA) for Payments Industry

Zepz, the global payments group behind WorldRemit and Sendwave, today announced their participation in a National Economic Crime Centre (NECC) Public Private Partnership (PPP) Cell focused on combatting child sexual abuse (CSA).

21X Appoints Mark David Bakacs as Managing Director, Group Strategy to Lead Institutional Growth and International Expansion

21X, the first fully regulated blockchain-enabled trading venue for digital securities in the European Union (EU), today announced the appointment of Mark David Bakacs as Managing Director, Group Strategy. With a career spanning two decades across magic circle and white shoe law, blockchain infrastructure and institutional capital markets, Bakacs joins 21X as it moves from establishing its regulatory foundation to executing its institutional and international growth agenda.

Tether Invests in LemFi to Promote Stablecoin-Powered Remittances Across Emerging Markets

Tether, the largest company in the digital asset industry and issuer of USD₮, the world's most widely used stablecoin, today announced an investment in LemFi, a financial platform serving millions of people who live and work across borders. This investment aims to promote financial inclusion and expand access to efficient, borderless financial systems, while accelerating the use of stablecoin-powered solutions in emerging markets.

ARP Digital Joins Fireblocks Network for Payments as the GCC's Regulated Corridor Settlement Partner

ARP Digital, a regulated digital capital infrastructure platform, today announced its integration into the Fireblocks Network for Payments as the network's designated GCC corridor settlement partner. The collaboration enables fintechs, payment service providers, and financial institutions operating on the Fireblocks Network to access regulated on/off-ramp and corridor settlement infrastructure across the GCC's primary currencies for the first time through a single, multi-licensed counterparty.

DNA Payments and ETABS Partner to Offer Integrated Payment Solutions for Retail and Trade Businesses

E-Trading and Business Services Ltd (ETABS) has partnered with DNA Payments, the UK’s leading independent payments provider, to bring reliable and secure integrated payment solutions to UK retail, trade, and warehousing businesses, both in-store and online.

Sygnum Completes First Live AI-Agent Driven Digital Asset Transactions by a Regulated Swiss Bank

Sygnum, a global digital asset banking group, today announced it has become the first Swiss regulated bank to use an AI agent to test live digital asset market transactions, with the client retaining custody, consent and control at every step. This is the latest initiative from AI@Sygnum which leads the development, integration and governance of agent-driven workflows across the group globally.

CMC Markets Launches Spectre Trading Account for Retail Clients

CMC Markets (“CMC”), a FTSE 250 company and global leader in multi-asset online trading and investing, has launched Spectre for retail clients, following strong demand after the product was initially introduced for professional traders.

  1. Oxford Risk: Placing the Human at the Center of Wealth and Asset Management Transformation Read more
  2. CLS Appoints Six New Board Directors Read more
  3. Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World Read more
  4. SumUp Launches in Canada Read more
  5. European Fintech Association Elects New Board of Directors Read more
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