Kelvin Tan, CEO of audax, Comments on Fintech Industry Trends and Impact of AI and Machine Learning

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  We recently connected with Kelvin Tan, CEO of audax, a corporate venture backed by Standard Chartered Bank. Before transitioning to a full-time career as an entrepreneur, Kelvin held multiple roles at Standard Chartered Bank — from Transaction Banking to Retail Products and Payments to… Read More

 

 




EU and Singapore Sign Digital Trade Agreement

Described as a “landmark” event, the European Union (EU) and Singapore have inked a Digital Trade Agreement (DTA). The EU states that the goal is to emerge as a global standard setter for digital trade rules. The DTA is said to complement the existing 2019… Read More

Revolut Receives UK Banking License with Restrictions

Revolut has received a UK banking license. The global Fintech now enters the PRA’s ‘mobilization’ stage, “having received authorization with restrictions, designed for new banks to complete the build out of their banking operations.” During this mobilization stage nothing changes for Revolut UK customers. Revolut,… Read More

FCA Takes Enforcement Action Against Coinbase Subsidiary

CB Payments Limited (CBPL) has been fined £3,503,546 by the UK’s Financial Conduct Authority (FCA) for repeatedly breaching a requirement that “prevented the firm from offering services to high-risk customers.” CBPL is part of the Coinbase Group, which operates a cryptoasset trading platform that is… Read More

Regtech Jumio Digital Identity Study: Singapore Consumers Concerned that Deepfakes May Influence Election

Jumio, the provider of automated, AI-driven identity verification, risk signals and compliance solutions, released new findings from its Jumio 2024 Online Identity Study, revealing growing concern among the general public on the political influence AI and deepfakes may have on Singapore’s next election, and how… Read More

Insurtech Akur8 Core Platform Selected by Mutual Capital Analytics to Build Explainable Pricing Models

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce that Mutual Capital Analytics, a company that uses data and analytics to help regional insurance companies thrive, has selected Akur8’s Core Platform solution to efficiently build high-performing, explainable pricing models. Developed… Read More

TransUnion and SafeGuard Privacy to Assist Marketers with Navigating Compliance Conditions

TransUnion (NYSE: TRU) is announcing a new partnership with SafeGuard Privacy that will help streamline marketers’ vetting for compliance when selecting their third-party audience vendors. As marketers look to grow their brand by reaching their high-value audiences, they increasingly look “to third-party data providers to… Read More

Coinbase Institutional Now Enhanced By Prime and International Exchange (INTX) Java SDKs

To expand existing coverage of Coinbase Institutional products with sample SDKs, Coinbase (NASDAQ:COIN) released the Prime Java SDK and International Exchange (INTX) Java SDK. These SDKs provide essential tools and libraries “to interact directly with Coinbase Prime and INTX.” As noted in a blog post… Read More

Fintech Affirm Research Reveals Why Majority of US Consumers Think Economy Is in a Recession

Three in five people believe that the U.S. is currently in a recession, even though we’re not in one officially, according to new research from Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth. The survey of 2,000 Americans explored… Read More

House Financial Services Committee Schedules Hearings on ESG Debacle, DeFi [u] – Postponed

The House Financial Services Committee has placed two more hearings of note on its calendar. First is a hearing on ESG, or Environmental, Social, and Governance—a buzzy word that took industry by storm only to recede as the nebulous concept emerged as a distracting political… Read More

Cybersecurity Remediation Firm Dazz Raises $59 Million

Dazz, a cybersecurity firm, reports having closed a $50 million funding round. Greylock led the round, which included Cyberstarts, Insight Partners, and Index Ventures. In total, Dazz has raised $110 million in funding. Launched in 2021, Dazz focuses on “legacy vulnerability management” and addressing these… Read More




UK’s Smart Pension Shares Insights on Evolution of Retirement Savings, Makes Key Recommendations

Smart Pension has released a report entitled, “Delivery 2030: A blueprint to transform the UK pension system, deliver the future of retirement and leave no saver behind.” Jamie Fiveash, CEO, Smart Pension UK said: “Today’s workers are navigating the biggest shift in demographics for many… Read More

British Business Investments Announces a Further Commitment to Claret Capital Partners with Co-Investment Fund

British Business Investments announces a further commitment to Claret Capital Partners Limited, with a new co-investment fund. The fund will invest in high-growth technology enabled smaller businesses across the UK. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims to improve… Read More

Bitstamp Says it is Returning Recovered Crypto to Mt. Gox Creditors

Crypto exchange Bitstamp says it has commenced to return digital assets to creditors of the Mt. Gox debacle. A long time in the making, crypto is finally being returned to claimants as part of the bankruptcy process of the once-top crypto exchange. Bitstamp said they… Read More

ClearBank Selected By PayDo to Streamline Service Offerings to UK Clients

ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today announced it has expanded its partnership with PayDo, an Electronic Money Institution (EMI), offering personalised solutions to businesses and individuals with a suite of financial services. The partnership with ClearBank will allow… Read More

P2P Lender Folk2Folk Tops £700 Million in Loans

Peer-to-peer lender FOLK2FOLK has topped £700 million in lending, according to a note from the firm. The company claims to be the largest P2P lender to small businesses in the UK. Launched in 2013, FOLK2FOLK is one of the few remaining P2P lenders. The unique model combines… Read More

UK’s LendInvest Mortgages Enhances Residential Mortgage Products, Reduces Rates up to 35bps

LendInvest Mortgages, the UK’s platform for mortgages, announces the launch of a streamlined range of residential mortgage products, delivering simpler and faster options for homeowners. This enhancement follows the “introduction of improved criteria in June and includes significant rate reductions, making LendInvest’s mortgage offerings more… Read More

The UK Is a Significantly More Entrepreneurial Society than it Was at Start of Millennium – Report

The UK is a significantly more entrepreneurial society than it was at the start of the millennium, the world’s largest survey of entrepreneurship has found. This, according to an update from NatWest. For the first time since the Global Entrepreneurship Monitor records began “a quarter… Read More

UK’s Digital Bank Monzo Introduces Pensions Product

UK challenger bank Monzo is diversifying its product suite with a new pension consolidation solution that tracks old pensions and brings them into one fund. The launch of the product comes after research from Monzo reveals that more than half of UK adults (51%) don’t… Read More

UK’s Digital Bank Zopa Reportedly Adds D•One to Open Banking Ecosystem

D•One, the open banking unit of The ClearScore Group, has announced a partnership with Zopa Bank. The latest integration will see Zopa Bank add D•One to its partners that offer open banking connectivity as well as transaction categorization intelligence. D•One will be focusing on Zopa’s… Read More

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