Regulation News
Lloyds Banking Group is collaborating with Red Hat on a programme to drive the adoption of open source software across its engineering teams.
Challenger bank Monzo has raised another $190 million with support from Hedosophia, an early backer of Airbnb and Uber, Alphabet fund Capital G, and Singapore's Government Investment Corporation (GIC).
Emirates NBD's digital offshoot Liv is working with B2B alternative asset solutions provider Ctrl Alt to explore the tokenisation of real-world assets.
Revolut has rolled out a crypto exchange designed for professional investors, but available on desktop for all UK users with a Revolut retail account.
SoFi's self-directed retail brokerage unit has been fined $1.1 million by financial regulator Finra over ID verification failures that enabled thieves to steal $8.1 million from the accounts of customers at other financial institutions.
Digital banking giant Chime will pay more than $4.5 million to settle with the Consumer Financial Protection Bureau for illegally delaying consumer refunds.
