SEC’s Small Business Forum Report Outlines Recommendations to Support Smaller Firms, Access to Capital

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Recently, the annual report distilled from the SEC’s Small Business Forum was published. Once again, it outlined a series of requests for policymakers to enact to support smaller firms. The SEC’s Office of the Advocate for Small Business Capital Formation led the forum. It is… Read More

 

 




NatWest Group Announces £2.8B of Lending to UK Social Housing Sector in 2024

NatWest Group has announced a progress update on its ambition to provide £5 billion in new lending to the UK social housing sector, with the bank confirming £2.8 billion has been provided up to 31 August 2024. As explained in the update from UK’s NatWest… Read More

UK Firms Tap Ravelin to Tackle Refund, Return Fraud

As the UK retailers gear up for this year’s Black Friday shopping spree, two of the country’s biggest e-commerce brands reveal how they are tackling the growing problem of customer dishonesty. Fashion retailer River Island and ticketing service Trainline are partnering with fraud prevention platform… Read More

Singapore’s Inter-Ministerial Committee Releases Enhanced Anti-Money Laundering Framework

Singapore at Night Marina Bay

Singapore’s Inter-Ministerial Committee (IMC) unveiled a comprehensive report, outlining enhanced strategies and recommendations to strengthen the nation’s Anti-Money Laundering (AML) framework. The report emphasizes a whole-of-society approach, urging collaboration between frontline stakeholders and the government to combat increasingly sophisticated money laundering (ML) tactics. The IMC’s… Read More

Virtual Payables Solution Unveiled By Bank of America to Support B2B Market

Bank of America (NYSE: BAC), a global enabler of commercial cards, has recently announced that it expanded its Virtual Payables capabilities in EMEA with the launch of Virtual Payables Direct. The B2B payment solution provides buyers with the usual working capital advantages of a card transaction… Read More

Digital Assets and Blockchain Platform OKX Launches Onchain Infrastructure Suite

Digital assets firm OKX has reportedly launched OKX OS, which is described as a comprehensive onchain infrastructure suite that is designed to open up the technology stacks behind their Wallet, supporting an international community of blockchain and Web3 developers to build robust applications efficiently across… Read More

SBI Holdings Invests in Philippine Digital Transformation Leader UBX

SBI Holdings Inc., a prominent Tokyo-based financial services conglomerate, has acquired a stake in UBX, a key player in digital transformation within the Philippines. This strategic investment aims to foster collaboration between the two firms to develop impactful digital solutions tailored to the specific needs… Read More

Binance Labs Announces Investment in AI and Predictions Markets focused Ecosystem Sophon

Binance Labs has reportedly made an invested in Sophon, which is described as an ecosystem for apps focused on the gaming sector, social, AI, prediction markets and a range of other use-cases. With the vision of changing how users live, play, create, and connect in… Read More

Mastercard Announces New Benefits to Support Small Businesses in Canada

Mastercard (NYSE: MA) announced recently that it has launched various new benefits in support of small businesses operating across Canada. Curated new cardholder benefits provide savings on products and solutions tailored to meet the requirements of Canadian business owners. In order to to acknowledge Small… Read More

Canada Reportedly Reaches $11.9 Trillion in Retail Payments Transactions

Canada has reportedly reached $11.9 trillion in total retail payment transactions with 21.7 billion transactions in 2023, which is up six per cent year-over-year. This, according to an update shared by Payments Canada. The report from Payments Canada noted that virtual or online payments represented… Read More

Nubank Reportedly Adds Government Bonds Investments as Collateral Option for Credit Card Limit Increase

Nubank (NYSE: NU), which claims to be one the largest digital banking platforms outside of Asia, announces the expansion of Nu Limite Garantido, which is described as a feature that enables clients to increase their credit card limit. Gradually, the eligible customer base is reportedly being… Read More


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BNY to Acquire Wealth and Asset Management Focused Firm Archer

The Bank of New York Mellon Corporation (BNY) (NYSE: BK), a global financial services company, announced BNY has entered into a definitive agreement to acquire Archer Holdco, LLC, a technology-enabled service provider of managed account solutions to the asset and wealth management industry. Archer provides… Read More

HSBC Launches SemFi Joint Venture to Offer Embedded Finance Solutions

HSBC Holdings plc has unveiled SemFi by HSBC, a new joint venture with Tradeshift, a global B2B trade network, aimed at delivering seamless embedded finance solutions to business clients. SemFi will integrate HSBC’s payment, trade, and financing services across various e-commerce and marketplace platforms, including… Read More

ASEAN GenAI Funding Expected to Surge 50% in 2025, GenAI Fund Reports

Funding for the generative artificial intelligence (GenAI) sector in the Association of Southeast Asian Nations (ASEAN) is projected to increase by 50 percent year-over-year in 2025, according to the latest report from GenAI Fund. The “ASEAN GenAI Startup Report 2024” attributes this anticipated growth to… Read More

Regtech Sumsub Introduces Initiative to Educate VASPs on Travel Rule Guidelines, Providing Roadmap to Crypto Compliance

Industry professionals have recently shared their latest guidance on the Travel Rule in a comprehensive online learning session aimed at crypto ad blockchain ecosystem participants. This, according to an update from Regtech Sumsub. Regtech firm Sumsub announces the start of a comprehensive Travel Rule educational… Read More

Regtech SteelEye Shares Insights on UK Banks Facing Scrutinty Over WhatsApp, Signaling FCA Off-Channel Communications Crackdown

In a move signaling alignment with US regulatory actions, the UK’s Financial Conduct Authority (FCA) is preparing to survey City firms to scrutinize their use of encrypted messaging services such as WhatsApp. Regtech firm SteelEye has shared informative insights to help industry participants with gaining… Read More

Brazil’s Barte Raises $8m in Series A to Scale Modular Payment Solutions

Barte, a Brazilian Fintech firm, has announced raising $8 million in its Series A funding round that will help it scale its modular payment solutions. The latest funding round was led by AlleyCorp, a New York-based venture capital firm founded by serial entrepreneur Kevin Ryan,… Read More

Utila Integrates with TRM Labs to Enhance AML for Institutional Digital Assets Operations

Utila, an institutional MPC wallet platform, and TRM Labs, a provider of blockchain intelligence, announced a strategic integration to empower institutional clients to integrate AML compliance into their crypto operations workflows, improving risk management capabilities. Via this latest integration, Utila users will reportedly be able… Read More

Chargebacks911 Report Chronicles Chargeback Fraud Rise

To show the true impact friendly fraud has on retailers, Chargebacks911 has released its 2024 Chargeback Field Report, giving merchants and financial institutions an understanding of the current state of chargebacks and the measures being taken by businesses to help stem the tide of chargeback… Read More

Shipping Woes Highlight Automation Need: 40Seas’ Gil Shiff

Since the onset of the COVID-19 pandemic, businesses and consumers have been made aware of how shipping delays impact their access to everything from electronics to food to medication. Geopolitical events such as the Russian invasion of Ukraine, Houthi shipping attacks and labor disruptions can… Read More

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