October 29, 2024 @ 10:48 pm By Omar Faridi  |  

Thunes, which claims to be the Smart Superhighway to move money around the world, announced the launch of its new Pay-to-Card solution, broadening the company’s Global Direct Network’s reach. Via this offering, Thunes now connects Members of its Network to 15 billion cards, including Mastercard,… Read More

October 29, 2024 @ 10:47 pm By Omar Faridi  |  

Jumio, the provider of automated, AI-driven identity verification, risk signals and compliance solutions, unveiled Jumio Liveness, an in-house technology designed to address increasingly sophisticated fraud tactics. This solution expands beyond presentation attacks, such as paper or screen copies, and employs AI models to block threats… Read More

October 29, 2024 @ 10:46 pm By Omar Faridi  |  

Most Australian tech professionals (81%) feel it is challenging to keep up with the pace of change, with 76% acknowledging their own role has evolved significantly over the last couple years, according to research from KPMG. Research for the KPMG Global Tech Report has recently… Read More

October 29, 2024 @ 10:44 pm By Omar Faridi  |  

Seneschal, the specialist private equity and real estate / real assets fund administrator, has selected LemonEdge, the fund accounting solution for private markets funds, to build its back-office accounting operations to deliver the best services to its fund manager clients at scale. ‍Founded in 2021… Read More

October 29, 2024 @ 10:41 pm By Omar Faridi  |  

Banco Santander, Lloyds Banking Group, and UBS have  completed the first uncleared bilateral margin payments using a digital representation of central bank funds on the Sterling Fnality Payment System (£FnPS). This “real-world” proof-of-concept reportedly “proves” that Fnality can be used to make bilateral margin payments… Read More

October 29, 2024 @ 4:53 pm By Omar Faridi  |  

Novaprime, a mortgage technology company dedicated to making homeownership more affordable, has recently announced that it makes its public debut with the launch of its AI-powered Loan Quality Platform. The platform is designed to improve the mortgage process by quickly evaluating loan integrity, “reducing processing… Read More

October 29, 2024 @ 4:48 pm By Omar Faridi  |  

Nium, the global infrastructure for real-time cross-border payments,  announced the launch of Nium Verify, a real-time bank account verification solution for businesses and individual accounts, available across 50 markets. Designed to empower businesses with instant verification of beneficiary bank account details, Nium Verify aims to… Read More

October 29, 2024 @ 4:46 pm By Omar Faridi  |  

Circle, a global digital financial technology firm, has signed a Memorandum of Understanding (MOU) with HKT, a technology, and telecommunication firm, in order to explore a potential collaboration in developing blockchain-based customer loyalty solutions for merchants in Hong Kong. Leveraging Circle’s expertise in Web3 Services… Read More

October 29, 2024 @ 4:45 pm By Omar Faridi  |  

David Marcus, the CEO of Lightspark, has emphasized the importance of innovation in digital or online payment systems, especially when compared to the archaic infrastructure many financial institutions still rely on today. In his insightful conversation with Brian Mosoff from BlackRock, Marcus has notably underscored… Read More

October 29, 2024 @ 10:00 am By Omar Faridi  |  

Quantexa, a global enabler of Decision Intelligence (DI) solutions for the public and private sectors, announced that it has surpassed $100 million in annual recurring revenue (ARR). This update sees Quantexa achieve Centaur status, thus joining a group of SaaS businesses recognized in this category… Read More

October 29, 2024 @ 8:41 am By Omar Faridi  |  

Zilch, the Fintech payments innovator of the ad-subsidized payments network (ASPN), announces the expansion of its securitization facility by an additional £50 million, bringing the total to £150 million. This investment round includes participation from two of the world’s largest credit funds, alongside lead arranger… Read More

October 29, 2024 @ 8:19 am By Omar Faridi  |  

Crypto asset management firm Bitwise Asset Management announced that the company has now surpassed $5 billion in assets under management across its suite of beta and alpha investment products. New and existing investors have made 2024 a “breakout” year for Bitwise, with several key milestones… Read More

October 29, 2024 @ 7:36 am By Omar Faridi  |  

A report from MillTechFX has revealed that 83% UK corporates have had their finances impacted by the stronger pound. Although half of these companies saw positive outcomes, the other 50% experienced “negative financial impacts,” highlighting the intricate effects of currency “fluctuations on business performance.” The MillTechFX… Read More

October 29, 2024 @ 7:33 am By Omar Faridi  |  

Kuady, a payments service processor, has recnetly announced the expansion of its digital wallet services into Mexico, a move that is further building on its  rollout in Peru, Chile as well as Argentina. This latest business expansion effort offers a seamless and secure experience for… Read More

October 28, 2024 @ 11:07 pm By Omar Faridi  |  

The extensive half-yearly complaints data has recently been released for H1 2024 by the Financial Ombudsman Service (FOS). They publish data every six months showing the number and outcome of the complaints they “handle about financial businesses.” This half-yearly data from the Financial Ombudsman Service… Read More

October 28, 2024 @ 11:05 pm By Omar Faridi  |  

On June 28, 2024, the US Treasury Department had released the first of what will “likely” be a few different sets of final regulations relating to digital assets. According to an extensive update from Taxbit, for the most part, this set of finalized rules addresses… Read More

October 28, 2024 @ 11:04 pm By Omar Faridi  |  

Estateguru recently reported a “record” month with retail investors funding new projects worth 8 million Euros. In September of this year, investors on the Estateguru platform, which specializes in real estate-backed loans, funded new projects “totaling 8 million euros,” which notably marked the investment platform’s… Read More

October 28, 2024 @ 11:00 pm By Omar Faridi  |  

Forrester Consulting recently shared a detailed research report focusing on recurring payment friction in the US markets. Forrester revealed that it has surveyed 297 US payment “decision makers” in mixed B2B and B2C firms and B2B-only firms in order to gain a better understanding of… Read More

October 28, 2024 @ 7:01 pm By Omar Faridi  |  

The Eurosystem collateral management system is expected to officially launch on 16 June 2025. The new Eurosystem Collateral Management System (ECMS) will launch on a date set by the ECB’s Governing Council in order to provide sufficient time for national central banks of the euro… Read More

October 28, 2024 @ 2:50 pm By Omar Faridi  |  

More than three quarters (76%) of financial services professionals across the UK are planning to increase office attendance in the next 12 months, according to new research from KPMG UK. The survey, shared by KPMG UK, of 150 executives working across banking, insurance, asset and… Read More