September 8, 2024 @ 8:48 pm By Omar Faridi  |  

Over half of Gen Z and Millennials are looking to enter the property market in the next five years, according to an update from Australia’s ubank. New research comes as ubank announces a number of interest rate decreases to its home lending products. In line… Read More

September 8, 2024 @ 6:56 pm By Tony Zerucha  |  

Results of a recent J.D. Power survey suggest consumers are growing more comfortable with artificial intelligence in financial services, but the concept isn’t over the hump just yet. J.D. Power surveyed more than 2,000 financial services customers in the United States about their utilization and… Read More

September 8, 2024 @ 6:37 pm By Tony Zerucha  |  

SMB lending fraud has increased by a double-digit percentage year over year, with most lenders expecting fraud levels to increase in the coming months. This is one finding in the LexisNexis Risk Solutions Small and Midsize Business Lending Fraud Study. More than 80% of respondents… Read More

September 8, 2024 @ 6:06 pm By Omar Faridi  |  

Avaloq has launched a digital asset platform at Zürcher Kantonalbank. Avaloq states that it has successfully integrated its digital asset platform “at one of Switzerland’s leading banks, Zürcher Kantonalbank (ZKB), in partnership with Fireblocks.” The bank’s new offering addresses growing market demand “for trading and… Read More

September 8, 2024 @ 5:40 pm By Michael Wong  |  

Thailand’s Securities and Exchange Commission (SEC), in collaboration with the Economic Crime Suppression Division (ECD) of the Central Investigation Bureau (CIB), launched a joint operation to target unlicensed businesses soliciting investments at a Fintech exhibition in Bangkok on Saturday. The operation followed reports from the… Read More

September 8, 2024 @ 5:38 pm By Omar Faridi  |  

J.P. Morgan Asset Management announced an enhancement to its Morgan Money platform, a short-term investment management solution with over $300 billion in assets under management (AUM), through a collaboration with Kyriba, a global leader in liquidity performance. This integration aims to streamline liquidity management processes,… Read More

September 8, 2024 @ 4:22 pm By Omar Faridi  |  

Visa (NYSE: V) announced that it is applying the company’s infrastructure, technology and capabilities to account-to-account (A2A) payments, giving consumers more control and protection on how they pay via bank transfers. The global payments provider will collaborate “with industry players, including PayByBank firm Banked, to… Read More

September 8, 2024 @ 4:20 pm By Omar Faridi  |  

Three in five UK consumers reportedly fear falling victim to fraud, as life gets busier in September. This, according to an update from UK Finance. UK Finance notes in a blog post that half of the people say “they feel busier when coming back from… Read More

September 8, 2024 @ 4:18 pm By Omar Faridi  |  

Real estate marketplace Zillow‘s (Nasdaq: Z and ZG) AI-powered search experience is getting an upgrade. Now buyers and renters can search the real estate market for their next home using simple, everyday language in even more ways — “including by commute time, affordability, schools and… Read More

September 8, 2024 @ 4:16 pm By Omar Faridi  |  

Biconomy, a platform specializing in simplifying Web3 development through powerful and easy-to-use APIs, is now live on Boba Network. Biconomy offers a robust suite of tools that streamline transactions, “enabling gasless transactions, 1-click UX, and smart contract wallets.” This integration is set to enhance Boba… Read More

September 8, 2024 @ 4:15 pm By Omar Faridi  |  

More than two-thirds (76%) of financial services operations leaders in the US believe that using AI would enable them to make faster, more effective decisions, but 62% lack the data management capabilities and data environment to capitalize on the technology’s potential. That is according to… Read More

September 8, 2024 @ 4:13 pm By Michael Wong  |  

National legislatures will play a pivotal role in shaping the future of artificial intelligence (AI) and enhancing cybersecurity, according to a statement released by representatives of the Group of Seven (G7) countries. The statement was issued at the conclusion of the G7 Speakers’ Meeting held… Read More

September 8, 2024 @ 4:12 pm By Omar Faridi  |  

With the increasing reliance on digital processes, tools, and the economy itself, the financial services sector faces heightened exposure to operational risks, particularly Information and Communication Technology (ICT) risks. The latest volume of the Malta Financial Services Authority (MFSA)’s publication, “The Nature and Art of… Read More

September 8, 2024 @ 10:21 am By Omar Faridi  |  

barq, a Saudi financial services startup, has partnered with Mastercard (NYSE: MA) to empower its customers with a range of payment acceptance solutions through Mastercard Gateway. The strategic agreement will see barq leverage Mastercard Gateway technology “to further equip its merchants and consumers around the… Read More

September 8, 2024 @ 7:23 am By Omar Faridi  |  

Checkout.com says it has helped Holiday Extras streamline and increase the performance of their payment processes through the use of virtual cards, resulting in increased automation, improved operational efficiency, and positive financial outcomes. Holiday Extras, which claims to be the market leader in holiday extras, is… Read More

September 8, 2024 @ 7:00 am By Tony Zerucha  |  

More than 170 experts selected 41 international startups for the 11-week Kickstart Innovation program in Switzerland. The cohort gains access to decision-makers and stakeholders, and can now test and scale their business models and close deals. The finalists come from nine countries, with a strong… Read More

September 8, 2024 @ 6:14 am By Omar Faridi  |  

Temenos (SIX: TEMN) announced that MidWestOne Bank, a community bank headquartered in Iowa with approximately 140 thousand customers and branches across 4 states, has gone live with Temenos Digital Onboarding as SaaS on Amazon Web Services (AWS). The SaaS solution was implemented for MidWestOne “by… Read More

September 7, 2024 @ 11:39 am By Tony Zerucha  |  

New research from data enrichment and payment services platform Tink suggests that consumers in the United Kingdom who use digital financial management tools are better off. They average an additional £37.08 better off per month, or £4451 better off per year, compared to pre-adoption. Today, as… Read More

September 7, 2024 @ 11:35 am By Michael Wong  |  

Jingdong Technology Holding Co. Ltd., the fintech arm of Chinese e-commerce giant JD.com, is poised to acquire Home Credit Consumer Finance Co. Ltd., China’s first wholly foreign-owned consumer finance firm, according to sources cited by Caixin. The acquisition, which awaits approval from the National Financial… Read More