Six-hour briefing
Fintech Briefing:
What changed in fintech over the last 4 hours
Top Stories
- FCA restricts six unregulated Annex 1 lenders over anti money laundering concerns
The Financial Conduct Authority placed restrictions on six unregulated lenders known as Annex 1 firms following concerns regarding anti money laundering controls during application assessments. Imposed at each firm request, the measures restrict taking on new customers or conducting new business with existing customers.
- Bloomberg expands crypto analytics service for Basel banking framework
Bloomberg has expanded its Crypto Exposure Analytics service to help customers identify and classify crypto asset and tokenised real world asset exposures under the Basel Committee on Banking Supervision prudential framework for banks. The service links exposure detection with classification and reporting workflows across balance sheets, securities, funds, and derivatives.
- LSEG agrees to acquire Octus for 3.535 billion dollars in cash
London Stock Exchange Group has agreed to acquire Octus for 3.535 billion dollars in cash to expand its credit intelligence and data services across public, private, illiquid and distressed debt. The transaction is being sold by funds advised by Permira and management, with closing expected in the first half of 2027 subject to regulatory approval.
Crypto & Digital Assets
- Kalshi Prime and BitGo launch margin financing backed by digital assets
Kalshi Prime and BitGo launched HODL Margining, enabling eligible customers to borrow US dollars against digital assets held in custody to meet margin obligations on KalshiEX. BitGo Bank and Trust acts as the initial custodian, while loans are extended by Kalshi Prime affiliate Kalshi Katalyst rather than BitGo.