Regulatory

US regulator asks Tesla to recall 158,000 cars over safety-related defect

US regulators asked Tesla early in this week to recall 158,000 cars in the United States because of a safety-related defect. The National ...

By Regtech AfricaJanuary 15, 20210

Startup

Rho, a startup bank aimed at high-growth businesses, raises $15M Series A led by M13 Ventures

Rho Technologies, the NYC-based fintech behind Rho Business Banking, has raised a $15 million Series A round led by M13 Ventures with participation ...

By Regtech AfricaJanuary 15, 20210

News

US President-Elect Biden to Nominate MIT Blockchain Professor Gary Gensler as SEC Chairman

U.S. President-elect, Joe Biden is set to name Gary Gensler as the new chairman of the U.S. Securities and Exchange Commission (SEC) to ...

By Regtech AfricaJanuary 15, 20210

News

UK neobank Tandem issues “material uncertainty” warning as losses mount

Tandem Bank, one of the United Kingdom’s much-hyped crop of neo-banks, has filed annual results for 2019 that show mounting losses and warn ...

By Regtech AfricaJanuary 15, 20210

Regulatory

Japan’s top securities regulator says XRP is not a security

Japan’s Financial Services Agency (FSA), the country’s securities regulator, has confirmed to The Block that it views XRP as a cryptocurrency and not ...

By Regtech AfricaJanuary 15, 20210

News

London Stock Exchange gets EU nod for $27 billion takeover of Refinitiv

EU antitrust regulators gave the green light on earlier this week to the London Stock Exchange’s $27 billion takeover of Refinitiv, creating a ...

By Regtech AfricaJanuary 15, 20210

News

Grab Financial Group raises $300 million Series A led by Hanwha Asset Management

Grab Financial Group has announced that it has raised more than $300 million in Series A funding, led by South Korean firm Hanwha ...

By Regtech AfricaJanuary 15, 20210

News

Visa, Plaid Scrap $5.3 Billion Deal Amid U.S. Antitrust Suit

Visa Inc facing a prolonged antitrust fight with the U.S. Justice Department, walked away from a proposed $5.3 billion acquisition of Plaid Inc. ...

By Regtech AfricaJanuary 15, 20210

Regulatory

Regulating FinTech – Lessons from Hong kong

Rigorous application of regulatory principles without stifling true innovations should form the solid bedrock of a sound FinTech policy. Regulation is often seen ...

By Regtech AfricaJanuary 14, 20210