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GRIP Extra: Wise ordered to pay $2.5m CFPB fine, FTC Chairman says “DEI is over”
Other news includes the CFPB mulling moves to prevent debanking, cybercrime websites being seized by EU authorities, and Blackstone staying the course on data center investment.
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Global fintech funding down 20% as investors abandon ‘pray and spray’
New report on global markets shows US and UK in top spots – but funding for female-led firms takes a hit.
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GRIP’s ‘most read’ contributed stories in 2024
Compliance and legal professionals will remember 2024 as a year of considerable regulatory activity, major developments in technology, and the inevitable, routine mistakes.
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Swedish BNPL provider Klarna fined Skr 500m for AML violations
The Swedish Financial Supervisory Authority fined Klarna for violation of several key rules of AML regulations.
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David Sacks to serve as crypto and AI tsar in new Trump administration
The role is advisory, but will still play a key part in shaping regulatory policies.
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Fintech oversight: Where should responsibility lie?
Should banks be solely responsible for fintech compliance, or can the regulators also shoulder some of the burden? We discuss some of the arguments around this key question.
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Ofcom is serious about online safety law, but legal challenges remain
Online safety and content moderation are key issues globally. The UK now has a law for it, and regulators are serious about implementing it.
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Fintech migration to India: From cost-cutting to business expansion
For global fintech brands, having a base in India is no longer just a matter of cutting costs. Firms are attracted to the country for business growth too. We examine the trend.