Global

December 10, 2023 @ 9:28 pm By Omar Faridi  |  

More people could access advice or support to help make their money “work harder” under proposals set out today by the Financial Conduct Authority (FCA) and the Government. The potential options aim to help more people benefit from investment opportunities, provide for later life, “save… Read More

December 10, 2023 @ 6:28 pm By Omar Faridi  |  

Sagard, a global multi-strategy alternative asset management firm with over US$15B in assets under management, signed a definitive agreement to acquire a strategic stake in Performance Equity Management (PEM), a private equity firm “with over $8.9B in assets under management and two decades of demonstrated… Read More

December 10, 2023 @ 6:25 pm By Omar Faridi  |  

Oxane Partners, a technology-driven solutions provider to private markets, announced that it has achieved global information security accreditations by successfully completing Systems and Organizations Control (SOC) audits and the International Organization for Standardization (ISO) 27001 certifications. These accreditations underscore Oxane’s commitment “to maintaining the highest… Read More

December 10, 2023 @ 4:55 pm By Michael Wong  |  

Lendo, a Saudi Arabia-based Shariah-compliant debt crowdfunding marketplace, has announced raising about $28 million in its Series B funding round anchored by Public Investment Fund (PIF)’s Sanabil Investments. The round also saw participation from Shorooq Partners, AB Ventures, and other investors, according to the announcement…. Read More

December 10, 2023 @ 4:44 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) has announced a series of new initiatives in digital finance and capital markets, aimed at strengthening financial cooperation with China. These initiatives were unveiled at the 19th Joint Council for Bilateral Cooperation (JCBC) in Tianjin, co-chaired by Singapore Deputy… Read More

December 10, 2023 @ 4:43 pm By Omar Faridi  |  

Tether, which claims to be the largest company in the cryptocurrency industry, announced its latest initiative aimed “at safeguarding the cryptocurrency ecosystem.” On December 1, 2023, the company made the decision to “initiate a new voluntary wallet-freezing policy designed to combat activity connected with Sanctioned… Read More

December 10, 2023 @ 3:33 pm By Michael Wong  |  

Experts in Kenya have criticized digital lenders for charging high interest rates, often perceived as infringing consumer rights. Reportedly, the average interest rate for a 30-day digital loan ranges from 20-30% for online lenders, based on the borrower’s risk profile. For a Sh1,000 loan, the… Read More

December 9, 2023 @ 10:38 pm By Omar Faridi  |  

Safe, the smart wallet infrastructure provider, is collaborating with Sygnum, a digital asset banking group, and CoinCover, a UK-regulated recovery service provider, to launch Safe{RecoveryHub}, “offering a curated suite of crypto recovery options.” Built with Safe’s smart account infrastructure at its core, this marketplace of… Read More

December 9, 2023 @ 3:46 pm By Omar Faridi  |  

European investment platform TWINO is sharing the latest performance and product updates. TWINO notes in a blog post that they see that November was an active month for the investors as they reportedly “have several ongoing campaigns and attractive investment opportunities on the platform.” TWINO’s… Read More

December 9, 2023 @ 3:02 pm By Omar Faridi  |  

IBM is announcing IBM Hyper Protect Offline Signing Orchestrator (OSO)—a new technology to help deploy cold storage solutions for digital assets, and the latest addition to its confidential computing portfolio. OSO is designed to “address limitations of current cold storage offerings for digital assets, including… Read More

December 9, 2023 @ 1:16 pm By Omar Faridi  |  

PensionBee notes that in recent years, the spotlight has intensified “on the role of investments in the climate debate.” As most consumers would hopefully know by now, ‘ESG‘ stands for Environmental, Social, and Governance. This is a framework used to “measure a company’s sustainability, workforce… Read More

December 8, 2023 @ 6:31 pm By Omar Faridi  |  

In 2021, BBVA in Switzerland was a pioneer among large Eurozone banks when it introduced a bitcoin trading and custody service. This was later expanded to “include ether, thus allowing interested investors the possibility of trading directly with the two most important crypto-assets on the… Read More

December 8, 2023 @ 2:07 pm By Omar Faridi  |  

STOXX has introduced the STOXX Digital Asset Blue Chip index, which aims to track high-quality assets that represent the crypto universe today. The launch, in partnership with Bitcoin Suisse, a Swiss crypto-financial services provider, marks STOXX’s entry into the digital assets space. Dr. Dirk Klee,… Read More

December 8, 2023 @ 1:55 pm By Omar Faridi  |  

CaixaBank has executed its first project finance transaction in New Zealand through its involvement in the refinancing of the debt of the Ara Tūhono–Pūhoi–Warkworth motorway in New Zealand’s North Island. This has amounted to a total of 779 million New Zealand dollars (around 430 million… Read More

December 8, 2023 @ 11:12 am By Omar Faridi  |  

Multiverse Computing, a firm focused on value-based quantum computing solutions, and Moody’s Analytics, a global integrated risk assessment firm, are combining quantum algorithm expertise with leadership in risk management “to launch the QFStudio platform, an easy-to-use Software as a Service (SaaS) platform that provides a… Read More

December 8, 2023 @ 11:04 am By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, issued its annual Systemic Risk Barometer Survey results, which have “identified Geopolitical Risks, Inflation, U.S. Political Uncertainty / 2024 U.S. Presidential Election and Cyber Risk as the most significant threats to the financial services… Read More

December 8, 2023 @ 11:01 am By Omar Faridi  |  

Experian, the global information services company, has announced the launch of a suite of new capabilities for Ascend, its cloud-based analytics and technology platform. These latest innovations aim to “increase operational efficiency, maximize profitability and support lenders and businesses in today’s rapidly changing market conditions… Read More

December 8, 2023 @ 8:50 am By Omar Faridi  |  

Airwallex shared data on the impact of a new generative AI tool that enhances the speed and efficacy of its “Know your Customer” (KYC) and onboarding processes. The new tool reduces ‘false positives’ by 50 percent “on average, while boosting the number of customers that… Read More

December 8, 2023 @ 8:45 am By JD Alois  |  

Tether, the largest dollar-referenced stablecoin issuer by market cap, says it is working with El Salvador on its “Adopting El Salvador Freedom Visa Program.” The Visa program aims to attract individuals who will help boost the economy of the Central American country. The program is… Read More

December 8, 2023 @ 7:43 am By Omar Faridi  |  

The UK’s energy supply could require more than £900 billion in capital expenditure to achieve net zero by 20501, opening up “a significant opportunity for public and private capital in enabling a successful transition,” according to a new report published by NatWest and Boston Consulting… Read More