Omar Faridi

Plaid Remains Committed to Supporting Digital Finance Evolution with Product Updates

Over the past decade, digital finance apps and services have “accessed consumer-permissioned data to provide personalized experiences that serve many consumer needs,” according to an update from Plaid. As a result, consumers now have “more and better choices in the apps they can use to… Read More

Retail Recovery in Australia Stalls As Consumer Confidence Remain Low – Research Report

The latest KPMG Australia Retail Health Index (RHI) indicates the road to recovery for Australia’s embattled retail sector has stalled, with positive health not forecast until September 2025. Between the December quarter 2023 and the March quarter 2024 the KPMG RHI had “a rise of… Read More

Hong Kong’s Digital Banking Provider ZA Bank Introduces StockBack Offer

ZA Bank announced the launch of StockBack, a stock rebate program that allows users to get a free draw of various US stocks after each successful stock purchase transaction. The move sets a precedent in the local banking industry “where users can get ‘stockback’ from… Read More

Bitcoin Suisse Issues Tokenized Bond on Obligate to Enhance Lending Services

Obligate, the on-chain capital markets platform, today announced the completion of the first tokenized bond issuance for Bitcoin Suisse, the Swiss crypto-financial services provider. This issuance aims to accelerate Bitcoin Suisse’s growth efforts in its lending business. Bitcoin Suisse recently “surpassed CHF 5 billion in… Read More

UK Economy Sectors Including Real Estate Grew Steadily in May – Report

More parts of the UK economy grew in May than at any time in the last 15 months, according to the latest Lloyds Bank UK Sector Tracker. While the overall rate of output growth across the economy “slowed marginally in May (53.0 vs. 54.1 in… Read More

FINBOURNE Technology Announces £55M Series B Round

FINBOURNE Technology’s solutions deliver an interconnected network of functionality and data that enables the investment community to better serve clients in a constantly evolving market. The firm has announced that it has raised £55m in Series B funding. This latest  funding round was “led by… Read More

Dineo Crédito, a Spanish Microlender Part of Cash Converters Group, Teams Up with Fintech Mambu

Dineo Crédito, Spanish microlender part of the international retail leader Cash Converters group, has entered a partnership with Mambu, the cloud banking platform. The move will see Dineo Crédito migrate from its in-house core system to Mambu, where it plans to “launch innovative lending products… Read More

Digital Property Rights Firm Animoca Brands Invests in UK’s Bondex

Bondex, an independent crowdsourcing recruitment app based out of the United Kingdom (UK), has secured an investment from Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, to fuel its platform, which hosts over 1.5 million monthly active users. Bondex… Read More

Ageras Targets Key Acquisitions Amid Favorable Conditions for Pan-European Consolidation of Fintechs

With a stabilizing tech sector, easing interest rates and an IPO on the horizon, accounting and banking software platform Ageras eyes both growing supply and demand for a pan-European consolidation in the fintech and business software market “servicing Europe’s almost 25 million SMEs.” And according… Read More

Ireland’s Businesses Are Optimistic About Growth with Majority Expecting to Boost Revenue – Report

KPMG Enterprise Barometer 2024 unveils optimism and ambitious growth among Ireland’s indigenous businesses, with nearly two-thirds (65 percent) expecting to increase turnover within the next 12 months, compared to 55 percent in 2023. On behalf of KPMG, RED C surveyed nearly 200 decision-makers “in indigenous… Read More

Ledger Teams Up with Brink, a Bitcoin Research and Development Center

Ledger is pleased to announce its collaboration with Bitcoin research and development center, Brink. As part of this partnership, Ledger is “donating $5 to Brink for each Ledger Bitcoin hardware wallet sold.” The funds will be allocated to help “strengthen the Bitcoin network and developers… Read More

Bank for International Settlements (BIS) and Bank of Canada Establish Toronto Innovation Centre

The Bank for International Settlements (BIS) and the Bank of Canada launched the Toronto Innovation Centre, the first such centre to be established in the Americas and the seventh to be opened by the BIS in collaboration with partner central banks around the world. The… Read More

barq, a Digital Wallet for Businesses in Saudi Arabia, Partners with Global Fintech Thunes

barq, a digital wallet for consumers and businesses in the Kingdom of Saudi Arabia, and Thunes, a global money movement innovator, announce the signing of a Memorandum of Understanding (MOU) to expand international money transfer opportunities for barq’s users. In the partnership, Thunes will provide… Read More

Embedded Finance Platform Liberis Partners with Finnish Fintech Paytrail

Liberis, the global embedded finance platform announced today, a partnership with Paytrail, the Finnish online payment service provider. Paytrail Financing, powered by Liberis, is designed to “offer e-commerce businesses in Finland revenue-based financing within a simple 4-click journey.” Revenue-based finance is not yet “a staple… Read More

BNP Paribas and BPCE to Focus on Enhancing Payments

With this strategic partnership project, BNP Paribas and BPCE wish to take a major new step in the payments field by jointly acquiring the best technology for processing payments for card holders and merchants. This processor would handle all card payments “from BNP Paribas and… Read More

Depowise Expands into UK and Ireland

Depowise, an Estonian-founded oversight and process automation startup for financial services firms, is expanding into the United Kingdom and Ireland. The company aims to “increase its current 5% market share tenfold in the domiciled funds market of Luxembourg, Ireland, and the UK, valued at more… Read More

Saudi Central Bank SAMA Releases Performance Report of Finance and Real Estate Refinance Firms Sector

The Saudi Central Bank SAMA released the Annual Performance Report of the Saudi Finance and Real Estate Refinance Companies Sector for the year 2023. The report highlighted the sector’s developments and financials “during 2023, where the paid-up share capital for finance companies sector increased by… Read More

Mastercard and Thought Machine Enhance Core Banking Capabilities

Mastercard (NYSE: MA) and Thought Machine, a cloud-native banking technology company, are advancing their partnership to deliver high-quality payments and core banking (critical back-end technology for product and account management and the customer ledger) capabilities to financial institutions looking to modernize their technology stack. Mastercard’s… Read More

Ripple and Archax to Bring Tokenized Real World Assets to XRP Ledger

Ripple, the enabler of enterprise blockchain and crypto solutions, and Archax, the UK’s first Financial Conduct Authority regulated digital asset exchange, broker and custodian,  announced an extension to their existing collaboration which is expected to bring hundreds of millions of dollars of tokenized real world… Read More

UK’s PensionBee Group Reports Over £5 Billion in Assets Under Administration, Reaches 250,000 Invested Clients

PensionBee Group plc is pleased to announce that it has achieved Assets under Administration of over £5 billion, reaching 250,000 Invested Customers in June 2024. According to PensionBee, these important milestones have been “achieved through the continued delivery of the company’s strategy, driven by a… Read More

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