November 10, 2024 @ 10:45 pm By Omar Faridi  |  

UK’s Smart Pension, a company focused on workplace pnesions, has reportedly surpassed £6 billion assets under management (AUM). According to the update from UK’s Smart Pension, new business wins, organic growth and strategic consolidations have led to rapid AUM growth. Smart Pension, one of the… Read More

November 10, 2024 @ 10:07 pm By Omar Faridi  |  

Crypto Finance, which says it’s shaping the future of the financial industry, has shared entitled, Market Deep Dive: Markets React to Trump’s Election Win and BTCUSD All-Time High. Crypto Finance, a key player focused on digital assets since 2017, noted that Trump has won the… Read More

November 10, 2024 @ 10:04 pm By Omar Faridi  |  

Polymarket data from September of 2024 had indicated a divergence between Donald Trump’s “perceived” election chances and Bitcoin’s price, suggesting the crypto market had “already priced in” some of the election’s risk. This, according to an update from HashKey Capital. Historically, once the short-term uncertainty… Read More

November 10, 2024 @ 10:03 pm By Omar Faridi  |  

Stablecoin issuance and use is rising around the world, with the market projected to reach $3 trillion within the next five years. This, according to an update from Fintech firm Ripple. Key to this continued growth are crypto regulations that will help advance the use… Read More

November 10, 2024 @ 10:02 pm By Omar Faridi  |  

PwC has released their research report, entitled FinTech in ASEAN 2024: A Decade of Innovation. PwC noted that during the past decade, the global FinTech landscape has evolved rapidly, transforming financial services and “driving digital inclusion worldwide.” Yet, the research report explained that considerable challenges… Read More

November 10, 2024 @ 9:59 pm By Omar Faridi  |  

Stablecoins issuer Circle, which reported minting over $2 billion in stablecoin USDC in just the past few weeks, has explored how the intersection of AI and blockchain tech is expected to transform our understanding of work and finance, especially via the use of “autonomous” payments…. Read More

November 10, 2024 @ 9:55 pm By Omar Faridi  |  

As the US is expected to take a renewed “America First” stance with the presidential elections leading to Donald Trump being elected at the 47th US President, Eurocrowd stated that they recognize the various challenges and opportunities this presents for Europe. The statement was authored… Read More

November 10, 2024 @ 9:46 pm By Omar Faridi  |  

Denis Beau, the First Deputy Governor of the Banque de France noted recently the use of Artificial intelligence (AI) is on the rise and that the possibilities offered by this set of technologies seem “immense.” Beau added in a blog post from the Banque de… Read More

November 10, 2024 @ 9:43 pm By Omar Faridi  |  

Jeremy Allaire, CEO and Founder at Circle, recently commented on the the ongoing development of solutions enabling more seamless USDC merchant payment acceptance. Allaire noted that a new solution called Drift Money integrates into existing Square point of sale systems, and dashboard apps for merchants…. Read More

November 10, 2024 @ 1:09 pm By Omar Faridi  |  

KPMG has shared comments on the latest Bank of England monetary policy committee decision. Yael Selfin, Chief Economist at KPMG UK said that the Bank of England strikes a “balanced tone with [the recent] cut to the bank rate.” Selfin added that after a pause in… Read More

November 9, 2024 @ 8:04 pm By Omar Faridi  |  

LendingMetrics, the credit risk technology group, has secured a “significant” investment from LDC, the private equity investor which is part of Lloyds Banking Group, to help it scale its presence in the UK’s fast-growing decisioning software and data market. Founded back in 2010, LendingMetrics’ software… Read More

November 9, 2024 @ 7:58 pm By Omar Faridi  |  

Beechbrook, the specialist lower mid-market private debt manager, has announced the first close of its fourth UK SME Credit Fund, UK SME Credit IV LP, with commitments totalling £151 million (including separately managed accounts). A total of £40 million has been committed to the fund… Read More

November 9, 2024 @ 7:52 pm By Omar Faridi  |  

Gallagher Re has released the latest global Insurtech research report for Q3 2024. The 2024 Global InsurTech report series from the team Gallagher Re examines the fast-growing impact of Artificial Intelligence (AI) on the insurance technology industry, dissecting AI’s functions and processes within the (re)insurance… Read More

November 9, 2024 @ 7:42 pm By Omar Faridi  |  

Fenchurch Legal, a specialist in litigation funding for small and medium-sized UK law firms, has partnered with Altify, an alternative investment platform connecting investors with tokenized private market assets. This collab will now aim to offer investors access to Fenchurch Legal’s litigation funding investments via… Read More

November 9, 2024 @ 5:34 pm By Omar Faridi  |  

Centralis Group, a global alternative asset and corporate services provider, today announced its acquisition of Admina Fund Services. Centralis explained that it partners with alternative investment firms and corporate organizations offering administrative, global expansion and governance solutions catered to clients’ unique requirements. Based in Luxembourg,… Read More

November 9, 2024 @ 1:49 pm By Omar Faridi  |  

Capital.com, the global trading platform and fintech group whose trading volumes have reportedly surpassed the $1 trillion mark in 2023, announced total client trading volumes reached over $450 billion in Q3 2024, which represents a sizeable 20% increase from Q2 2024. During the same period,… Read More

November 9, 2024 @ 1:48 pm By Omar Faridi  |  

SteelFox has reportedly exploited Foxit PDF Editor and AutoCAD for banking data theft and covert crypto mining. Kaspersky’s Global Research and Analysis Team has uncovered a new and ongoing malicious campaign that “exploits popular software, such as Foxit PDF Editor, AutoCAD and JetBrains.” The attackers… Read More

November 9, 2024 @ 1:46 pm By Omar Faridi  |  

Bondora AS is now officially registered as a credit provider in Lithuania, according to the latest update from the European investment platform. Bondora explained in a blog post that Lithuania based customers can soon take advantage of the secure online financial services they offer across… Read More

November 9, 2024 @ 1:42 pm By Omar Faridi  |  

LendInvest Mortgages completes sixth securitization of £285 million UK prime Buy-to-Let and owner-occupied mortgage loans. LendInvest plc (LSE: LINV), the UK’s platform for property finance and the parent company of LendInvest BTL Ltd and LendInvest Loans Limited, announces the completion of its sixth securitization in… Read More

November 9, 2024 @ 1:41 pm By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) released financial results for the three months and nine months ended September 30, 2024, for both itself and Galaxy Digital Holdings. Galaxy Digital has shared key Corporate and Business Updates: Financial Highlights: In the third quarter, Galaxy reported a… Read More