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/retail

Plaid and Stripe to join secondary share sale jamboree

As an alternative to an exit, secondary share sales have been seized upon by fintech firms looking to raise funds and increase liquidity for employee stockholders, with Plaid and Stripe the latest to go to market.

/ai

Datalign raises $9m for AI-powered financial advisory tech

Datalign, an AI platform matching people with financial advisors, has secured a $5 million investment from Link Ventures.

/markets

Big banks pump $26 million into investor communications platform Proxymity

Investor communications platform Proxymity has secured $26 million in financing from existing investors, including BNP Paribas, BNY, Citi, Clearstream, Computershare, JPMorgan and State Street.

/security

Alabama man pleads guilty to SEC X hack

An Alabama man has pleaded guilty in connection with the January 2024 unauthorized takeover of the US Securities and Exchange Commission (SEC)’s social media account on X to artifically boost bitcoin prices.

/markets

ETFbook raises €4m

ETFbook, a data and analytics platform specialising in the ETF market, has closed a €4 million Series A funding round led by BlackFin Capital Partners.

/people

Lloyds blasted by Union over IT restructuring programme

Lloyds is laying off 300 engineering staff under a restructuring programme that will see existing jobs repurposed as 'new' roles.

/cloud

Australia's AMP taps Starling tech for SMB digital bank

Australian financial services firm AMP has tapped Engine by Starling for a new digital bank for small business owners and everyday customers.

/payments

BNPL platform Tabby hires banks for IPO

UAE-based buy now, pay later player Tabby has hired banks to prepare for an eventual IPO.

/security

CommBank and Telstra combine to battle identity theft

CommBank is expanding its collaboration with telco Telstra to introduce new fraud detection technology.

/payments

BNY sends largest instant payment in US history

BNY has used The Clearing House's RTP Network to send the largest instant payment in US history, transferring $10 million to Bank of America on behalf of a client.

/regulation

Union files suit over CFPB shutdown

A labour union has filed lawsuits against Consumer Financial Protection Bureau acting director Russell Vought after he ordered staff to halt much of the watchdog's activities.

/retail

MPs to quiz bank bosses over IT outages

The Treasury Committee has written to CEOs at nine banks and building societies to request information on the scale and impact of IT failures which have affected their businesses over the last two years.