Compliance Corner: Week 16 News Rundown

𝗙𝘂𝗻𝗱𝗿𝗮𝗶𝘀𝗶𝗻𝗴

Investor enthusiasm remains strong in the fintech and crypto space, fueled by significant investments driving growth and innovation across the sector:

• Froda 𝗿𝗮𝗶𝘀𝗲𝘀 €𝟮𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 to expand its embedded SME financing solutions across European markets.
• Salsa 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 $𝟮𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗦𝗲𝗿𝗶𝗲𝘀 𝗔 to build out its embedded payroll infrastructure, with Altos Ventures leading the round.
• Australian personal finance app WeMoney 𝗿𝗮𝗶𝘀𝗲𝘀 $𝟭𝟮 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗦𝗲𝗿𝗶𝗲𝘀 𝗔 with participation from Mastercard.
• Crypto trading platform BitradeX 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 £𝟭𝟮 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗦𝗲𝗿𝗶𝗲𝘀 𝗔 to accelerate global expansion.
• Bloom Credit 𝗹𝗮𝗻𝗱𝘀 $𝟭𝟬.𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗴𝗿𝗼𝘄𝘁𝗵 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 and inks a new deal with Navy Federal Credit Union.
• Hokodo 𝗿𝗮𝗶𝘀𝗲𝘀 €𝟭𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 to grow its B2B buy now, pay later platform across Europe.

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𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗡𝗲𝘄𝘀

The fintech and crypto landscape is evolving rapidly, with major players making strategic moves to expand their market presence and enhance services. Here are some of the latest industry developments you should know about:

• Revolut 𝗿𝗲𝗽𝗼𝗿𝘁𝘀 𝗿𝗲𝗰𝗼𝗿𝗱-𝗯𝗿𝗲𝗮𝗸𝗶𝗻𝗴 $𝟭.𝟰 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗽𝗿𝗲-𝘁𝗮𝘅 𝗽𝗿𝗼𝗳𝗶𝘁𝘀 for FY24, with net profit reaching $1 billion.
• Circle 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝘄𝗶𝘁𝗵 𝗺𝗮𝗷𝗼𝗿 𝗯𝗮𝗻𝗸𝘀 to build a stablecoin-based cross-border payments network competing with Swift.
• Klarna 𝗲𝘅𝗽𝗮𝗻𝗱𝘀 𝗶𝘁𝘀 𝗕𝗡𝗣𝗟 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝘁𝗼 𝗲𝗕𝗮𝘆 𝘀𝗵𝗼𝗽𝗽𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗦, boosting its retail reach.
• PayPal and Coinbase 𝗱𝗲𝗲𝗽𝗲𝗻 𝘁𝗵𝗲𝗶𝗿 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 to drive stablecoin adoption in payments.
• Thunes 𝗶𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲𝘀 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀, a global cross-border solution for enterprises and financial institutions.
• Bpifrance 𝗴𝗼𝗲𝘀 𝗹𝗶𝘃𝗲 𝗼𝗻 Thought Machine’s Vault Payments platform to modernize its payment infrastructure.
• Fiserv 𝗮𝗰𝗾𝘂𝗶𝗿𝗲𝘀 𝗕𝗿𝗮𝘇𝗶𝗹𝗶𝗮𝗻 𝗳𝗶𝗻𝘁𝗲𝗰𝗵 Money Money to strengthen its presence in Latin America's SME market.
• Sopra Steria 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗮 𝘄𝗵𝗶𝘁𝗲-𝗹𝗮𝗯𝗲𝗹 𝗰𝗿𝘆𝗽𝘁𝗼 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻 enabling banks to offer crypto-asset services.
• Paydify 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗶𝘁𝘀 𝘂𝗻𝗶𝘃𝗲𝗿𝘀𝗮𝗹 𝗰𝗿𝘆𝗽𝘁𝗼 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗴𝗮𝘁𝗲𝘄𝗮𝘆 to connect businesses with any wallet or blockchain.

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𝗢𝗽𝗲𝗻 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲

For those of you seeking opportunities in compliance, here are some of the latest open roles at leading companies:

• Mollie – Head of Regulatory Compliance and Expansion
• PayDo – Head of Risk & Compliance (FinTech, EMI)
• ZEN.COM – Head of Product Compliance & Risk
• PAYALLY – Senior Compliance Manager & Deputy MLRO
• Paynetics – Senior Risk and Compliance Manager
• Copper.co – Regulatory Compliance Manager
• Bitvavo – Regulatory Compliance Manager
• Reap – Compliance Manager (IRL)
• Marex – Senior Compliance Officer - Regulatory
• Nayax – Compliance Operations Project Manager
• PayU – Compliance Officer
• Satispay – AML/CTF Compliance Officer
• Swissquote – Compliance Officer - Onboarding Corporate
• Nexpay – Compliance and Legal Officer
• SFI Markets – Compliance officer

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A lot is happening in the fintech and crypto world right now. From big funding rounds and major acquisitions to new regulations and exciting compliance opportunities, the industry is buzzing with activity. Follow us for more updates and insights. See you soon!