Trace3’s Asher Lohman on How Fiservs Can Maximize Their AI Investments

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If financial services companies want to derive value from artificial intelligence (AI), they must define clear use cases and prepare for what’s coming. Asher Lohman helps them do that. Lohman is the vice president of data analytics for Trace3, an integrator, and reseller of enterprise… Read More

 

 




UK’s Financial Conduct Authority (FCA) Fines TSB £10.9M Over “Treatment” of Customers in Financial Difficulty

The UK’s Financial Conduct Authority (FCA) has fined TSB Bank plc (TSB) £10.9 million over the “treatment” of customers in financial difficulty. The FCA leveled the penalty on the bank for allegedly failing to ensure customers in arrears were “treated fairly.” The FCA further noted that… Read More

Nearly 10 Million of Stolen Account Records from Middle East Found on Dark Web – Cybersecurity Report

Kaspersky’s Digital Footprint Intelligence (DFI) team has released a report that is shedding light on the most pervasive cyberthreats facing organizations in the Middle East. The Kaspersky cybersecurity team has recently delved “deep into the dark web” – exploring everything from cybercriminal forums to shadow… Read More

Goldman Sachs Delivers on Results, Q3 Revenues at $12.7 Billion, Net at Almost $3 Billion

Goldman Sachs (NYSE:GS) delivered solid results this morning, and the shares are responding in early trading. For Q3, Goldman reported top-line revenue of $12.7 billion and net income of $2.99 billion. For the nine-month period, Goldman announced revenue of $39.64 billion and net income of… Read More

Crypto Hardware Wallet Maker Ledger Introduces Update to Synchronize Digital Assets Accounts

France’s crypto hardware wallet maker Ledger says that it is sharply focused on maintaining a high level of security and privacy. Since launching the Ledger Live companion app, the French digital currency hardware wallet maker has continued to work on further improving the user experience… Read More

SoFi Announces Expansion of Loan Platform Business with Agreement with Fortress Investment Group

SoFi Technologies, Inc. (NASDAQ: SOFI), a “one-stop shop” for digital financial services that helps members borrow, save, spend, invest and protect their money, announced a $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group LLC. The… Read More

Bondora Reports Finland Maintaining Largest Loan Originations Share on Platform, Netherlands Remains Major Credit Market

Bondora Group has shared their latest platform stats for the month of September 2024. Since 9 September, 2024, Bondora notes in a blog post that you can earn as much as 6.75% p.a. on your entire Go & Grow portfolio, along with any extra amount… Read More

Bitcoin and Crypto Markets Close Q3 Flat at $2.3 Trillion Market Cap with Significant Volatility – Report

CoinGecko has released their latest 2024 Q3 Crypto Industry Report. CoinGecko noted in its recent research report that Q3 saw crypto close the quarter flat at a $2.3 trillion market capitalization, but the period still saw significant volatility. CoinGecko further noted that geopolitical and economic… Read More

Fintech Performance has Rebounded with Shares of Public Financial Technology Firms Closing Higher in Q3 – Report

PitchBook has shared key insights that focus on developments in the Fintech and payments ecosystems. The PitchBook report pointed out that Fintech performance has rebounded with shares of public fintech firms closing higher during Q3 of 2024, tracking the “broader” stock market’s rebound. PitchBook also… Read More

Frustrated Mt. Gox Crypto Holders Forced to Wait Until 2025

Cryptocurrency investors who trusted Mt. Gox with their funds learned this week they’ll have to wait even longer to be repaid. The news was posted on the disgraced platform’s website on Oct. 10. Mt. Gox’s trustee extended the deadline to repay creditors to Oct. 31,… Read More

Crypto Firms Reportedly Racked Up $32 Billion in US Regulatory Settlements

Crypto-focused firms have reportedly racked up as much as $32 billion in US regulator settlements, according to an update from CoinGecko. The research report from CoinGecko noted that the top crypto enforcement action carried out by US regulators has been primarily against bankrupt crypto exchange… Read More


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Digital Assets Firm Gemini Reflects on 9 Years of Crypto and Blockchain focused Business Operations

As we enter the final three months of 2024, the digital assets and blockchain ecosystem is emerging from the so-called crypto winter. After a decade-long initiative by the digital assets and DLT industry, crypto ETFs were officially introduced in the US markets. And institutional players… Read More

Brazil’s Nubank Announces Product Updates Including Competitive Crypto Transaction Fees

Brazil’s digital banking platform Nubank (NYSE: NU) recently introduced the Coupon Hub in Shopping do Nu, which is a discount center that aims to bring together various offers available in its marketplace and which will be gradually made available to clients. With this latest functionality,… Read More

Robinhood Unveils New Visual Identity to Reflect Investment Platform’s Evolution

Robinhood (Nasdaq: HOOD) has introduced a new “visual identity” that aims to reflect Robinhood’s growth and vision for the foreseeable future. When Robinhood was first established, they claim to have set out to build a platform that gives everyone improved access to the financial markets. During… Read More

Cboe Global Markets Introduces Options on VIX Futures to Help Manage Equity Market Volatility Ahead of US Elections

Cboe Global Markets, Inc. (Cboe: CBOE), the derivatives and securities exchange network, announced its Options on Cboe Volatility Index (VIX) Futures (Ticker: UX) are planned to begin trading on Cboe Futures Exchange, LLC (CFE) on October 14. The Options on VIX Futures will aim to… Read More

TD Bank Shares Update After “Resolution” of Anti- Money Laundering (AML) Investigations and $3 Billion Fine

TD Bank Group (NYSE: TD) announced that, following “several years” of active cooperation and engagement with authorities and regulators, it has reached a “resolution” of previously disclosed investigations related to its U.S. Bank Secrecy Act (BSA) as well as the Anti-Money Laundering (AML) compliance programs…. Read More

Latin America’s Digital Assets Firm Bitso Shares Insights on Crypto Industry Policies Prior to US Elections

Less than a month before the presidential elections in the United States take place, next Tuesday, November 5, both candidates (former US President Donald Trump and Kamala Harris) have made statements about the crypto industry and the future of Bitcoin. According to an update from… Read More

Majority of Small Businesses in the US Are Expecting Significant Revenue Growth – Research Study

A Bank of America (NYSE: BAC) study reveals that the vast majority or almost 80% of U.S. based business owners are now anticipating revenue growth in the coming year. Bank of America noted in an extensive update, covering all key demographics in the United States,… Read More

Manx Financial CEO Says UK International Investment Summit is Publicity Stunt

Stating that the UK International Investment Summit is looking like a “publicity stunt, “Douglas Grant, Group CEO of Manx Financial Group, said they welcome the gathering but it raises some concerns. The event is arriving several weeks before the Labour government’s budget reveal which are… Read More

HKMA: Hong Kong Shifts from Virtual Bank to Digital Bank Nomenclature, Joins Rest of the World

The Hong Kong Monetary Authority (HKMA) has published the results of a consultation on changing the term “Virtual Bank” to “Digital Bank,” joining most of the rest of the world. Hong Kong has been a progressive jurisdiction when it comes to embracing the digital banking… Read More

Swedish Open Banking Fintech Trustly to Expand DACH Region Operations

Trustly, the Swedish global market leader in open banking payments, is putting its expansion plans for the DACH region into action. As part of this, the firm says it is building a German-speaking team, starting with strategic sales staff. The goal is to boost the… Read More

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