October 4, 2024 @ 8:33 am By Omar Faridi  |  

According to an extensive update by Finch Capital, 2024 continued to be a turbulent year for European Fintech. While funding levels continued to decline, the sector is now said to be more resilient, with certain “green shoots” now emerging. As noted in the latest research… Read More

October 3, 2024 @ 11:01 pm By Omar Faridi  |  

With over half of the hard-earned money Australian small businesses lose to scams going to fraudulent investments, CBA Executive GM Rebecca Warren provides tips on how to identify a potentially fake investment opportunity. Approximately 90% all scams reported by CommBank’s business customers in FY24 came… Read More

October 3, 2024 @ 10:59 pm By Omar Faridi  |  

Digital assets firm Gemini has shared an analyst note which pointed out that a lot of the recent stablecoin onchain activity has, for the most part, remained fairly resilient despite the headwinds across global financial markets. As stated in the latest research report from Gemini,… Read More

October 3, 2024 @ 10:57 pm By Omar Faridi  |  

Starling Bank confirms that it fully accepts the findings set out in the Final Notice published today by the Financial Conduct Authority (FCA). This reportedly resolves the investigation referred to in Starling Bank’s annual report in June 2024. Starling notes in a release that it… Read More

October 3, 2024 @ 10:54 pm By Omar Faridi  |  

Crypto.com, which claims to be trusted by over 100 million customers worldwide and the service provider focused on ensuring regulatory compliance, security and privacy, announced that it has set a milestone by reportedly becoming one of the “first” cryptocurrency platforms to upgrade its Payment Card… Read More

October 3, 2024 @ 10:51 pm By Omar Faridi  |  

Thunes has expanded its collaboration with Siam Commercial Bank (SCB), Thailand’s premier digital bank, a longstanding Member of the Thunes’ Direct Global Network. This alliance aims to enhance SCB’s international remittance services via the SCB EASY app, giving its customers access to dependable transfers to 26… Read More

October 3, 2024 @ 7:57 pm By Omar Faridi  |  

Xero, the global small business platform, has reported a significant 81% increase in the cost of late payments to Kiwi small businesses, surging from about $456 million in 2021 to $827 million in 2023. This data is part of the Xero Small Business Insights program,… Read More

October 3, 2024 @ 11:10 am By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a “one-stop shop” for digital financial services that helps members borrow, save, spend, invest and protect their money, and PrimaryBid Technologies Inc., a capital markets fintech firm, announced the launch of DSP2.0, a Directed Share Platform (DSP) that offers a… Read More

October 3, 2024 @ 6:28 am By Omar Faridi  |  

Meta (NASDAQ:META) and NatWest are expanding an information sharing partnership to help protect people against fraud. The Fraud Intelligence Reciprocal Exchange (FIRE) is described in an update as a threat intelligence sharing program for financial institutions, enabling banking service providers to share intelligence with Meta… Read More

October 3, 2024 @ 6:24 am By Omar Faridi  |  

CertiK has released their latest Hack3d: The Web3 Security Quarterly Report for Q3 2024. CertiK notes in a blog post that their Hack3d: The Web3 Security Report for Q3 2024 aims to serve as an essential resource and record of statistics for understanding security challenges… Read More

October 3, 2024 @ 6:23 am By Omar Faridi  |  

Coin Metrics has released a report entitled, The Crypto Universe Through the Lens of datonomy. Tanay Ved and Matías Andrade from Coin Metrics noted that the crypto universe has expanded from a single asset in 2009 to “a vast ecosystem of 4 asset classes, 14… Read More

October 3, 2024 @ 6:19 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has unveiled “Apple from Klarna”, a storefront in the Klarna app and Klarna.com where customers are reportedly able to purchase Apple products via its flexible payment options. An official Apple (NASDAQ:AAPL) reseller, Klarna also introduces a… Read More

October 3, 2024 @ 6:15 am By Omar Faridi  |  

Feedzai, a provider of risk management and fraud prevention solutions, and PwC, a global consulting firm, have joined forces to establish a Center of Excellence (CoE) dedicated to fighting financial crime. This partnership enhances the delivery of solutions to financial institutions, enabling them to protect… Read More

October 3, 2024 @ 6:12 am By Omar Faridi  |  

Taurus, which claims to be a full-stack digital asset infrastructure platform covering issuance, custody, and trading, and Chainlink Labs, a developer of Chainlink—the infrastructure for the tokenized asset economy— announced a collaboration to enable the adoption of tokenized assets by financial institutions. Taurus and Chainlink… Read More

October 3, 2024 @ 3:37 am By Omar Faridi  |  

Germany based companies are reportedly relying increasingly on generative AI as a performance driver. This, according to a research study shared by KPMG. The results of the KPMG study “Performance Improvement Strategy” highlight significant adoption of AI across businesses. More intense competition, difficult financing conditions… Read More

October 2, 2024 @ 7:50 pm By Omar Faridi  |  

Nearly four-fifths (77%) of organizations expect their cyber budget to increase over the coming year as organizations cite unpreparedness to an ever-expanding surface of cyber vulnerabilities, according to PwC’s 2025 Global Digital Trust Insights survey. The survey, which obtained key insigths from 4,042 business and… Read More

October 2, 2024 @ 7:48 pm By Omar Faridi  |  

Jon Purther, Director of Research at Payments Canada notes that a recent study from Payments Canada has revealed that one in five Canadian businesses experienced payment fraud in the past six months. Jon Purther of Payments Canada said that this is despite 63% of businesses… Read More

October 2, 2024 @ 7:47 pm By Omar Faridi  |  

In a development for the region’s digital commerce ecosystem, Bazzar Gate, an IT firm, has reportedly acquired $1 million in funding. This capital injection from the investment round is now expected to enabke the expansion of the firm’s e-commerce platform, Partners, which has gained traction… Read More

October 2, 2024 @ 7:20 pm By Omar Faridi  |  

PhonePe announced its partnership with Jar to launch its new product offering ‘Daily Savings’ on its platform, enabling users to save money in 24K digital gold via “incremental daily contributions.” With Daily Savings, users are able to set aside as little as ₹10 per day,… Read More

October 2, 2024 @ 7:17 pm By Omar Faridi  |  

Experian, the data and technology company, announced the completion of its A$820 million acquisition of consumer and commercial credit bureau, illion, in Australia and New Zealand. The acquisition and integration of illion’s 500 strong team, data, software and intellectual property into Experian will create a… Read More