CIMB

Wells Fargo | February 28, 2020

Wells Fargo agreed to pay $35m to settle regulatory claims that its financial advisers recommended exchange-traded funds that were too risky for some clients. The Securities and Exchange Commission’s investigation targeted Wells Fargo’s sale of inverse ETFs, a type of fund that moves in the opposite direction of an index it tracks. Inverse ETFs can be used to hedge other positions or bet on a falling market, but the products are complex enough that regulators have warned for years th...

IQ Capital | July 14, 2020

The fresh capital will be used to fund CyberSmart’s growth, which has seen an increase in demand with a revenue increase of 300 per cent over the past 12 months, as the lockdown accelerated the use of its cloud-based technology, according to the company. “We are delighted to have closed our Series A funding round with GBP 5.5 million to fund our next stage of growth. Our investors have seen that we have built a great technology and also a great team,” said Jamie Akhtar, CEO of ...

Financial Management

Argyle and Highline | August 30, 2022

To meet the needs of U.S. consumers who are normally shut out of affordable credit products, payments fintech Highline Technologies and employment data platform Argyle have partnered to bring payroll-linked lending and billpay capabilities to lenders nationwide. With payroll-linked lending, consumer loans are automatically repaid through preset distributions directly from the borrower’s paycheck. This benefits consumers by providing them access to lower cost credit through m...

Fattmerchant | June 16, 2020

Fattmerchant, an integrated payment technology provider that simplifies the payment processing experience for business owners, today announces the release of Contactless by Omni. This new all-in-one contactless payment solution provides business owners with the ability to go touch-free and virtual overnight, allowing their business to begin accepting payments in the ways that their customers are most comfortable with. A recent survey conducted by Fattmerchant shows a shift in consumer payment pr...