Private Credit Markets Are Booming. Should You Invest? Nelson Chu, Founder and CEO of Percent, a Marketplace for Private Credit Shares Insight to Asset Class

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Private Credit is a growing market in the US and globally. A recent estimate places the US market at over $1.25 trillion. While still relatively small in comparison to bank lending and the bond market, private credit is an asset class that is gaining popularity… Read More

 

 




Small Businesses in Canada Facing Lingering Payment and Economic Challenges – Report

Xero, a global small business platform, has released its quarterly Xero Small Business Insights (XSBI) data for Canada, providing a comprehensive snapshot of the health of the small business sector. The latest data, which covers the period from July to September 2024, reveals that while… Read More

Financial Advisor Platform Datalign Celebrates $9M Seed

Datalign, an AI platform matching consumers with leading financial advisors, this week announced a $5 million investment from Link Ventures. That brings their total investment in Datalign to $9 million on a post-money valuation of $75 million. The capital enables Datalign to further accelerate the development of AI… Read More

Policy to Cap Credit Card Interest Rates is Wrong and a Form of Price Control. The Market Always Wins.

Price Controls Rarely Work. The Free Market is a Better Option. There have been multiple proclamations from various policymakers regarding the need to cap credit card rates. Unfortunately, forcing credit card issuers to cap interest rates charged to users will accomplish little good while harming… Read More

PayPal Now a Checkout Option for US based Cruise Reservations Operated by Norwegian Cruise Line

PayPal Holdings Inc. (NASDAQ: PYPL) announced the addition of PayPal as a checkout option for all U.S.-based cruise reservations operated by Norwegian Cruise Line Holdings Ltd (NYSE: NCLH). Now, travelers looking to cruise with Norwegian Cruise Line, Oceania Cruises® and Regent Seven Seas Cruises, can… Read More

EuroCrowd Adopts a New Structure Aimed at Creating a “More Sustainable, Member-driven Approach”

In a recent email, EuroCrowd announced it was adopting a new operational structure for the group. EuroCrowd is the leading voice in Europe supporting the securities crowdfunding sector. Several years ago, the ECSPR, or European Crowdfunding Service Providers regulation, was adopted by the EU. This… Read More

Zeta Touts Valuation in New $50 Million Funding

Zeta, a banking tech platform, is sharing a new valuation for $50 million in funding. Zeta says pre-money valuation hit $2 billion compared to their prior valuation fo $1.15 billion at their last priced round. The prior round in 2021 was led by Soft Bank, but… Read More

ClearBank Powers Embedded Banking for Capital on Tap

ClearBank is powering Capital on Tap’s embedded banking solution. Capital on Tap is a cards platform that focuses on SMEs. According to a note from ClearBank, Capital on Tap will now be offering savings accounts and loans from their chosen banks. The new savings accounts… Read More

UK Economy Reports Some Growth, GDP 0.1% for Q4 2024

Today, the UK Office for National Statistics reported GDP for Q4 2024 at 0.1%. Although rather tepid, it topped the expectations of no growth or an economic contraction. In Q3 2024, GDP delivered no growth in the UK. The data indicated that the services sector… Read More

AI and Pensions : PensionBee Research Reveals UK Savers Looking for Balance, Not Bots

Research from PensionBee reveals that while UK savers are open to AI playing a role in pension customer support, they are not ready for a fully automated experience. PensionBee noted that 79% of survey respondents expressed preferences for “a mix of human and AI interaction… Read More

ICBA Gives Community Banking Wish List to House Financial Services Committee

This week, the Independent Community Bankers of America (ICBA) told the House Financial Services Committee that the new Congress and administration present an opportunity to transform the regulatory environment for community banks to promote locally based economic growth. ICBA president and CEO Rebeca Romero Rainey… Read More




Frich Study Details Poor Gen Z Financial Habits

Results of an anonymous analysis of one million users of social finance app Frich find that significant numbers of Generation Z consumers are developing poor financial habits, partially due to a negative view of the future. Many are “doomspending”, maxing out credit cards and not… Read More

Regtech Socure Introduces RiskOS, a Risk Decisioning Engine

Socure, the provider of artificial intelligence (AI) for digital identity verification, compliance and fraud prevention, announced the general availability of its new RiskOS platform. RiskOS builds on Socure’s acquisition of Effectiv by integrating its orchestration and decisioning engine with Socure’s identity verification and fraud prevention… Read More

UK Consumers Increasingly Being Deceived by Deepfakes on Dating Apps – Report

Data shared by Regtech Sumsub shows that three quarters of UK dating app users have come across deepfakes, “19% have personally been deceived by one, and 22% have had someone close to them misled by AI.” Regtech Sumsub pointed out that in the last five… Read More

Regtech Fenergo and PwC Leverage Financial Crime and Tech Expertise to Support Financial Institutions

Fenergo, the provider of AI-powered solutions for Know Your Customer (KYC), Anti-money laundering (AML) transaction monitoring and Client Lifecycle Management (CLM), announces that it has joined forces with PwC to accelerate the delivery of Fenergo’s solutions to financial institutions. The collaboration will combine PwC’s financial… Read More

European Pay By Bank Fintech TrueLayer Reports 10 Million Users

TrueLayer, Europe’s Pay by Bank provider, is announcing that its consumer network has now surpassed 10 million active users. This growth highlights the demand for cost-effective digital payments, with TrueLayer’s Pay by Bank solution contributing to the key industry trend. To date, TrueLayer says that… Read More

Irreducible Announces $24M Series A Co-Led by Paradigm and Bain Capital Crypto

Irreducible is pleased to announce their $24 million Series A funding round, co-led by Paradigm and Bain Capital Crypto, with support from Fenbushi Capital, L2 Iterative Ventures, Robot Ventures, and angel investors like Anna Rose, Brendan Farmer, Daniel Lubarov, Sina Habibian, and Varun Srinivasan. This… Read More

Zodia Custody Partners with Polymesh, Enabling Tokenized Asset Support

Zodia Custody, a digital asset custodian backed by Standard Chartered, Northern Trust, SBI Holdings, and others, has announced a partnership to support Polymesh. Zodia Custody, which claims to be an institution-first digital asset custodian backed by Standard Chartered, Northern Trust, SBI Holdings, Emirates NBD and… Read More

nCino Announces Acquisition of Sandbox Banking

nCino, Inc. (NASDAQ: NCNO), the provider of intelligent, best-in-class banking solutions, announced the acquisition of Sandbox Banking, a digital transformation enabler serving the financial services industry. This acquisition strengthens nCino’s ability to enhance data connectivity and streamline operations for banks and credit unions via an… Read More

Zelle Hit $1T Mark in 2024

In 2024, Zelle reached 151 million enrolled users and helped American consumers and small businesses send more than $1 trillion. The total dollar amount sent on the platform increased 27% from 2023, while Zelle’s transaction volume totaled 3.6 billion, a 25% increase from the prior year. Zelle’s 151 million consumer and small business accounts… Read More

Hong Kong Outlines New Priorities to Advance Sustainable Finance

The Green and Sustainable Finance Cross-Agency Steering Group set out new priorities to bolster sustainable finance in Hong Kong, focusing on sustainability disclosures, transition finance, and green fintech development, the Hong Kong Monetary Authority (HKMA) said. The Steering Group, jointly led by the HKMA and… Read More

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