Omar Faridi

US Consumer Spending Declines Due to Economic Uncertainty : Research

As the economic outlook reportedly reaches its lowest point since 1997, consumers are looking for ways to more effectively manage their spending. This, according an update from Deloitte. The firm has noted that surveyed consumers now intend to spend an average of $1,595 this festive… Read More

HR Company Deel Announces $300M Raise at $17.3B Valuation

Global HR and payroll platform Deel is reporting a Series E round, acquiring $300 million and achieving a $17.3 billion valuation. This capital injection, co-led by Ribbit Capital, Andreessen Horowitz, and Coatue Management, highlights Deel’s steady financial performance and its potential for growth in the… Read More

YZi Labs Leads Funding Round in Better Payment Network to Enable Stablecoin Payments

YZi Labs reports that it is leading a $50 million round in Better Payment Network (BPN), which is described as a programmable payment network built for the multi-stablecoin era. The investment reportedly aligns with YZi Labs’ thesis of backing global financial infrastructure – systems that place… Read More

UK Mid-Market Resilient as Growth Remains Steady in Q3, Report Claims

Mid-market firms remained the growth engine of the UK private sector economy during the past month. according to the NatWest UK Business Growth Tracker data. The Tracker – which has reportedly surveyed mid-market businesses operating in the manufacturing as well as services sectors – declined… Read More

Swiss Stock Exchange SIX Teams Up with Barclays

SIX, the financial data and market infrastructure provider, signed a seven-year strategic partnership with Barclays, the global banking group, in order to support the banking institution’s international growth and enabler greater cost efficiencies. Strengthening the relationship, the collaboration will reportedly see Barclays’ business – which… Read More

Digital Assets : Sygnum Bank Introduces Institutional-Grade Validator Nodes from ADGM for Non-Custodial Staking

Sygnum Bank Middle East announces the launch of Sygnum Validators, a new service launched from Abu Dhabi Global Market (ADGM) which includes operating institutional-grade validator nodes for select blockchain net​​works that enable non-custodial staking. The first validator to launch supports the Solana network, enabling eligible… Read More

Anchorage Digital to Provide Unified Cash and Crypto Services

Anchorage Digital Bank, the federally chartered crypto bank in the U.S., supports global USD wire transfers. With this feature, Anchorage Digital Bank becomes a crypto-native institution to offer cash and crypto services via a unified, federally regulated platform. Clients are able to now hold, send,… Read More

UK’s Lloyds Bank Introduces “Build Your Credit” Card to Enhance Financial Wellbeing

Advance, the credit card from Lloyds, provides support to help build a good credit score in a responsible manner- suitable for consumers with big aspirations on the horizon that will require substantial borrowing to help turn them into a reality. When working toward life goals,… Read More

Mastercard Announces Merchant Cloud to Enhance Fraud Protection, Identity Verification Processes

Mastercard (NYSE: MA) announced Merchant Cloud, a payments platform that brings together various services from Mastercard and its partners, helping firms navigate the complexities of commerce, supporting their ongoing expansion efforts into new markets and delivering enhanced experiences for end-users. The platform provides “scheme-agnostic” solutions… Read More

Cybercriminals Launch Campaign to Steal Sensitive Documents from APAC Nations, Report Reveals

Earlier this year, Kaspersky’s Global Research and Analysis Team (GReAT) identified a campaign by the ‘Mysterious Elephant’ APT. The group mainly targets government entities as well as foreign affairs organizations across the APAC area, with a particular focus on Pakistan, Bangladesh, Afghanistan, Nepal, Sri Lanka… Read More

Kraken Announces Acquisition of CFTC Regulated Designated Contract Market, Expanding Derivatives Operations

Digital assets and investing platform Kraken has announced it has acquired Small Exchange, which is described as a CFTC-licensed Designated Contract Market (DCM), from IG Group., for $100 million. According to Kraken, this latest update aims to establish the foundation for the crypto trading platform… Read More

Alpaca Announces Nasdaq Exchange Membership, Enabling Digital Brokerage Infrastructure

Alpaca, a self-clearing broker-dealer that offers stocks, ETFs, options, and fixed income, announced its acceptance as a Nasdaq Exchange Member. This update helps to further strengthen Alpaca’s operations in the US market and reflects its ongoing progression toward building resilient, in-house, full-stack brokerage infrastructure. Nasdaq… Read More

Visa Agentic Commerce Solution to Enable Secure Communication between AI Agents and Merchants

Visa Inc. (NYSE: V) has introduced Trusted Agent Protocol, forming a foundational framework for agentic commerce that allows for more secure communication between AI agents and merchants. Trusted Agent Protocol aims to address the challenges facing agent-driven commerce, ushering in an era where AI is… Read More

European Neobank bunq Teams Up with Loyalty Firm Ascenda

Ascenda, the loyalty company that enables growth for the world’s financial institutions, has recently announced its partnership with bunq, Europe’s neobanking platform which now also focuses on enabling crypto adoption. The latest collaboration aims to enhance bunq’s loyalty program, unlocking rewards that enable its users’… Read More

Digital Bank Revolut Acquires Swifty, an AI powered Travel Startup

Digital bank Revolut recently announced the acquisition of Swifty, an AI-powered travel agent startup incubated at Lufthansa Innovation Hub (LIH). This latest acquisition by Revolut brings Swifty’s AI tech and Co Founders Stanislav Bondarenko and Tomasz Przedmojski to Revolut, where they will focus on enhancing… Read More

US Bitcoin Yield Fund Introduced By Coinbase Asset Management

Coinbase (NASDAQ:COIN) has noted that Bitcoin (BTC), the flagship cryptocurrency, is increasingly being recognized as a global monetary alternative to the US dollar and gold, solidifying its role as a store of value and reserve asset. As more investors choose to denominate their savings in… Read More

CAIS and LODAS Markets to Launch Secondary Marketplace for Private Funds

CAIS, the alternative investment platform for financial advisors, announced it has entered into a strategic partnership with LODAS Markets to introduce a secondary marketplace for private funds. The alliance will integrate LODAS’ secondary trading tech into the CAIS platform, offering financial advisors with an avenue… Read More

Fintech Adyen and SAP Introduce Open Payment Framework and Commerce Cloud Solution

Adyen (AMS: ADYEN), the global financial technology platform for businesses, and SAP, one of the world’s enterprise software providers, have announced the go-live of the SAP Commerce Cloud, Open Payment Framework (OPF). This payment solution is designed to remove the need for manual payment integrations and… Read More

Nordic Challenger Bank Lunar Obtains MiCA License to Offer Digital Assets Services

European challenger bank Lunar recently announced that it has been authorized as a Crypto-Asset Service Provider (CASP) under the EU’s new Markets in Crypto-Assets (MiCA) regulation, making its crypto platform Lunar Block one of the “first” in Scandinavia to operate under this particular license. According… Read More

BNPL Fintech Affirm Extends Partnership with Google as Supporter of Agent Payments Protocol

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced its support for Google’s Agent Payments Protocol (AP2), which is described as an open, payment-agnostic protocol developed with payments and tech firms to support agent-led payments across various platforms. The… Read More

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