More Growth, More Homes and Bigger Economy: Chancellor Rachel Reeves Sets Ambitious Goals in Spring Statement

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The Spring Statement is always a grab bag of policies claiming to solve just about every economic woe. The Chancellor of the Exchequer, Rachel Reeves, shared her policy vision for the future today, and once again, the delivery promised fixes to an economy that continues… Read More

 

 




BlackRock Now Live with Public-Private Model Portfolios, Enabling Improved Access to Private Markets

BlackRock (NYSE: BLK) has gone live with a “customizable” public-private model portfolio within a Unified Managed Account (UMA). The models are powered by GeoWealthā€™s UMA technology and supported by iCapitalā€™s underlying technology capabilities.” The launch marks the “first” time a customizable model portfolio that includes… Read More

Stablecoin Issuer Circle Announces USDC and CCTP V2 Now Live on Linea Blockchain

Circle is pleased to announce that USDC and CCTP V2 are now live on Linea, reportedly making it the “first” blockchain to upgrade from Bridged USDC Standard to native USDC. According to stablecoin issuer Circle, this latest milestone enhances liquidity, security, and capital efficiency for… Read More

CrowdStreet Moves HQ from Texas to NYC

Online investment platform CrowdStreet is bucking a bit of a trend and moving its headquarters from Austin Texas to New York City. In recent years, there have been many reports about companies exiting high-tax states like California and relocating to low-tax states like Florida and… Read More

Lloyds Banking Group, Cambridge Spark Join to Boost AI Capabilities

Lloyds Banking Group has partnered with Cambridge Spark to improve its AI capabilities across its senior management teams. Founded in 2016 by Dr. Raoul-Gabriel Urma, Cambridge Spark is a digital skills education provider. In a company statement, Lloyds said its “Leading with AI” program will… Read More

Private Equity Declined 2% 2023 But Showed Some Traction in 2024: Report

Private equity (PE) caught some traction in 2024 as investments and exits finally reversed their two-years of declines. Like most capital, the challenging economic environment impacted capital markets in the past few years. Yet according to a recent report by Bain, things could turn around… Read More

Zilch Declared Fastest Growing Fintech in UK

Zilch is highlighting that the Financial Times has declared it the fastest-growing Unicorn in the UK. According to the company, Zilch is a payments Fintech that has experienced 300% compound annual growth over the last three years. Earlier this year, Zilch was recognized by the… Read More

Equifax Cloud enabled Solution to Assist Lenders with Mortgage Qualification Process

Equifax (NYSE: EFX) has launched a new solution, The WorkNumberĀ Report Indicator, enabled by the Equifax Cloud to empower lenders by delivering aĀ  Equifax credit report with an indicator of “employment status earlier in the mortgage qualification process.” The current lending environment requires a fuller view… Read More

Experianā€™s Cashflow Score Signals Growing Adoption of Open Banking powered Lending

In a move to help lenders leverage open banking enabled consumer-permissioned transaction data, ExperianĀ announced the launch of Cashflow Score. The solution is the latest in a list of products that may be used to make lending decisions and provides “up to 25% lift in predictive… Read More

Identity Verification, Fraud Prevention : TransUnionā€™s TruValidate Solutions for Government Assessed FedRAMP Ready

TransUnion (NYSE: TRU) announced it completed a FedRAMP Ready assessment for TruValidate solutions for government, which help public agencies interact with American public users to help protect against fraud. The Federal Risk and Authorization Management Program (FedRAMP) is a government-wide program that provides “a standardized… Read More

CLEAR Partners with Fintech Stripe to Power Billing and Payments

Stripe, the financial infrastructure platform for businesses, announced that CLEARā€”an identity verification platform trusted by over 30 million customersā€”is moving its payments and billing to Stripe. CLEAR is known for its flagship membership, CLEAR Plus, which uses biometrics to “speed up identity verification at airports.”… Read More




Blockā€™s Layoffs Signal Broader Fintech Industry Challenges

BlockĀ (NYSE: XYZ), the fintech co-founded by Jack Dorsey, announced a significant workforce reduction, laying off 931 employeesā€”approximately 8% of its total staff. Known for its subsidiaries Square, Cash App, and TIDAL, Block framed the layoffs as a strategic move to enhance organizational efficiency rather than… Read More

Insurtech Akur8 Selected By France’s Insurance Provider CovĆ©a Group to Streamline Pricing Processes

Akur8, the artificial intelligence (AI)-based pricing solution dedicated to insurers, announces today that the CovĆ©a Group, an insurance provider in France, has chosen its platform to optimize its pricing processes. This collaboration will enable CovĆ©a to accelerate its pricing cycles, enhance the “accuracy of its… Read More

Chainalysis Explains How it Creates Opportunities for Self-Sustaining Law Enforcement with Crypto-Asset Seizures

The rise of cryptocurrency has not only disrupted traditional finance but also presented new avenues for illicit activity. However, as detailed in Chainalysisā€™ report, the transparency of blockchain technology has both advantages and certain drawbacks. Chainalysis explained in the update that while criminals move billions… Read More

Regtech Fenergo to Assist Aduro Adivsors with AML and KYC Compliance Ahead of New FinCEN Regulations

Fenergo, the provider of AI-powered solutions for Know Your Customer (KYC), Anti-Money Laundering (AML) and Client Lifecycle Management (CLM), announced that it has partnered with Aduro Advisors, LLC, aĀ  US-based fund administrator serving venture capital and private equity firms. This collaboration reinforces Aduroā€™s commitment to… Read More

Globacap CEO Comments on PISCES Stamp Duty Exemption

TheĀ Spring Statement, delivered by the Chancellor of the Exchequer, Rachel Reeves, provided much policy to ponder. Buried within the documents wereĀ references to PISCES, or the Private Intermittent Securities and Capital Exchange Systemā€”a private securities marketplace. While still in the works, PISCES aims to provide a… Read More

The STABLE Act is Officially Introduced as House Aims to Create Regulated Environment for Stablecoin Issuance

While a draft version of the Stable Act has been in circulation for some time now, the House Financial Services Committee has officially introduced the legislation, which aims to enable a regulated environment for the issuance of stablecoins. While many global jurisdictions are pursuing CBDCs… Read More

Nubank’s Crypto Platform Adds Support for Cardano, NEAR Protocol, Cosmos, Algorand

Nubank Crypto, part of Nubank (NYSE: NU), announced that clients will have access to new coins. The tokens Cardano (ADA), NEAR Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO) will “complement Nubankā€™s crypto investment portfolio, which already includes 16 other options such as Bitcoin, Ether,… Read More

Regtech Trulioo’s AI and Machine Learning Tech Enhances Job Processing

Trulioo, an identity platform with proven global coverage for person and business verification, announced across-the-board advances in its Identity Document Verification from innovation around AI and machine learning models. Trulioo has found advanced fraud techniques ā€“ such as ID alterations and deepfakes ā€“ account for… Read More

CME Group to Introduce Tokenization Tech to Enhance Capital Market Efficiency via Google Cloud’s Universal Ledger

Further expanding their partnership, CME Group and Google Cloud announced that they are piloting solutions for wholesale payments and tokenization of assets. CME Group has reportedly completed the first phase of integration and testing of Google Cloud Universal Ledger (GCUL), a distributed ledger from Google… Read More

Retail Investing Is Reportedly Shifting Towards Younger Investors, Transforming Market Trends – Research

The World Economic Forumā€™s Global Retail Investor Outlook 2024 released confirms a sustained shift towards younger retail investors. Spanning 13 economies, the research finds that 30% of Gen Z start investing in early adulthood ā€“ “compared to 9% of Gen X and 6% of Baby… Read More

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