Omar Faridi

Fraudulent Activities: Nearly 1 in 7 Newly Created Accounts Suspected to be Digital Fraud – Report

Largely driven by bad actors using fabricated or stolen identities, the newly released TransUnion (NYSE: TRU) 2024 State of Omnichannel Fraud Report, based on proprietary insights from TransUnion’s global intelligence network, found that nearly one in seven newly created accounts is suspected to be Digital… Read More

Nubit, the Bitcoin Native Data Availability Layer, Partners with BTC Staking Protocol Babylon

Nubit, the Bitcoin-native data availability layer, is announcing their collaboration with Babylon, which emerges as the native Bitcoin staking and timestamping protocol, “poised to unlock 21 million Bitcoin to secure the decentralized economy.” This collaboration marks a milestone in their journey “to scale and secure… Read More

Number of Growing UK Sectors Reaches 10-Month High, Lloyds Banking Group Report Claims

The number of UK sectors reporting output growth hit a 10-month high in February, with companies indicating rising demand and spreading business optimism, according to the latest Lloyds Bank UK Sector Tracker. In February, 10 of the 14 UK sectors monitored by the Tracker reported… Read More

XPLA, the Blockchain and Web3 Platform, Partners with Matter Labs, a Software Development for zkSync

XPLA, the blockchain mainnet and global Web3 gaming platform, and Matter Labs, a software development, engineering, and cryptography company developing software for zkSync, announced a collaboration designed “to advance the development and deployment of Web3 games through the newly created zkXPLA ecosystem.” The collaboration seeks… Read More

Solana Ecosystem Now Accounts for Nearly 50% of Crypto Investor Interest in Chain-Specific Narratives – Report

The Solana ecosystem has emerged as the most popular blockchain ecosystem so far this year, accounting for 49.3% of global crypto investor interest in chain-specific narratives, according to an update from CoinGecko. The CoinGecko report noted that the Solana ecosystem’s dominant mindshare “has been fueled… Read More

European Digital Bank N26 Appoints Mayur Kamat to Key Executive Role

Digital bank N26 recently announced the appointment of Mayur Kamat as its new Chief Product Officer. Mayur is said to have “a proven track record leading product teams and building new solutions at some of the world’s biggest technology companies.” He reportedly brings with him… Read More

Fintech Klarna Introduces Flexible Payment Options on Boots App in the UK and Ireland

Klarna, the AI-powered global payments network and shopping assistant, has today announced the launch of its flexible payment options on boots.com and in the Boots app in the UK and Ireland. This latest announcement follows the launch of Klarna in-store at Boots in 2022. Through… Read More

Coupa, an AI-powered Platform for Streamlining Operations, Launches Data Center in the Middle East

Coupa, the AI-driven platform that helps you operate smarter and grow faster, today announced the launch of its first data center in the Middle East, to be inaugurated in collaboration with the Amazon Web Services (AWS) team in Dubai. The new data center highlights Coupa’s… Read More

Ransomware Still Among Major Scams Impacting Consumers and Businesses Globally – Report

Visa (NYSE: V) released the Spring 2024 Edition of its Biannual Threats Report, which outlines the top payment threats impacting consumers and businesses around the world. The report points to increasingly organized, sophisticated threat actors “targeting the most vulnerable point in the payments’ ecosystem: humans.”… Read More

Payments Canada Introduces Consultation on Proposed Changes to Improve Bill Payments

Payments Canada is seeking input on proposed changes to how bill payment remittances are processed through the Automated Clearing Settlement System (ACSS). This includes the potential impact the changes “could have on billers, consumers who make bill payments and any financial institution or organization that… Read More

Fintech Built Expands Platform to Real Estate Developers, Introduces Financial Management Product

Built, a software platform designed to connect and simplify doing business in real estate, is launching an expansion of its platform to meet the specific needs of real estate owners and developers to improve the movement of money and decision making. Built’s new product for… Read More

Euroclear and iCapital to Expand Offering in Alternative Investments

EU coins money Europe

Euroclear has announced an agreement with iCapital, an alternative investment marketplace for the wealth management industry. With this partnership, Euroclear’s clients “will gain enhanced access to a broader range of alternative investments, including private equity, private credit, real estate, infrastructure, and hedge funds.” The iCapital… Read More

PayPal Ventures Leads Fintech NX Technologies’ Series B Funding Round

NX Technologies, a fintech company that operates the automotive payment management platform bezahl.de, announced that it has raised 22 million euros ($24,027,000) in series B funding, led by PayPal Ventures, the corporate venture arm of global payments and commerce company PayPal. With its core product… Read More

Zurich Insurance and Pemberton to Launch Private Debt ELTIF, Providing Clients with Access to Private Markets

Zurich Insurance Group has announced the launch of its first European Long-Term Investment Fund (ELTIF 2.01), aimed at providing individual investors and life insurance customers with access to opportunities in the asset class of private debt, “traditionally only available to professional investors.” The Fund is… Read More

Most ERC-20 Tokens on DEXes May be Part of Pump and Dump Schemes, but Represent Insignificant Trading Volumes – Report

For most of the research that Chainalysis release in their annual Crypto Crime Report, the data tells “a clear story.” For instance, funds sent to ransomware operators, darknet markets, or sanctioned entities can be measured and trends “can be analyzed with Chainalysis labeling and data.”… Read More

Australia based Payments Fintech Zeller Partners with Oracle to Streamline Payment Options

Australia’s payments provider, Zeller, and the global enabler of restaurant POS systems, Oracle, have come together to provide restaurateurs with a complete solution for managing orders and securely taking payments at speed. For food and beverage venues across the country, this new integration that connects… Read More

Regulatory Pressure in the UK Intensifies Around Governance, Financial Resilience for Financial Services Firms – Report

KPMG UK launches the fourth edition of its Financial Services Regulatory Barometer, providing a biannual measure of the regulatory pressure faced by financial services firms in the UK and EU. The latest aggregate Regulatory Impact Score “stands at 7.3 (out of 10), up from 7.2… Read More

DBS and JPMorgan Asset Management Introduce Asia’s Retirement Investment Portfolio

DBS Bank, together with J.P. Morgan Asset Management (JPMAM), has debuted Asia’s first global investment portfolio that not only automatically calibrates its asset allocation to an individual’s life stage and retirement timeline (also known as a “glidepath”), but also allows investors to automate their drawdowns… Read More

Stripe Extends Amazon Partnership by Enabling Payments for Retailers Using Just Walk Out Tech in Australia, Canada

Stripe, a financial infrastructure platform for businesses, announced an expansion of its Amazon (NASDAQ:AMZN) partnership by powering payments for retailers using Just Walk Out technology in Australia and Canada. Amazon’s Just Walk Out technology is “designed to be an effortless shopping experience. The guest enters… Read More

Over £50 Billion in Pension Savings at Risk of Being Lost in the UK – PensionBee Report

New analysis conducted by the Centre for Economics and Business Research, on behalf of PensionBee, reveals that over £50 billion pounds in hard-earned pensions are at risk of being misplaced in abandoned accounts or scattered across multiple lost pots. The new research estimates that “at… Read More

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