September 3, 2024 @ 9:09 am By Omar Faridi  |  

“Ad-subsidised payments network (ASPN)” Zilch says it has generated $130 million or £100 million in revenue as of July while turning the corner on profitability. The company did not provide information as to how profitable it is. The Fintech compares itself to other big name… Read More

September 3, 2024 @ 8:57 am By Omar Faridi  |  

In August, the total interest paid to PeerBerry investors exceeded €35 million (totaling €35 255 302). Last month, PeerBerry investors have reportedly “received €908,061 in interest.” PeerBerry investors funded €46 million in loans last month, which “is 5% fewer than in July, as the loan… Read More

September 3, 2024 @ 6:30 am By Omar Faridi  |  

The first six months of 2024 were challenging for the global fintech market given the high interest rate environment and geopolitical uncertainties. Global investment in fintech fell “from 62.3 billion dollars to 51.9 billion dollars during this period.” While VC investments in the USA and… Read More

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

The Bondora Group has shared their comprehensive 2023 Financial Results. They are pleased to report Bondora Group’s 2023 financial results, “with the greatest highlight being their seventh consecutive year of profitability.” Last year was a prosperous chapter in their financial journey, showcasing “what’s possible when… Read More

September 3, 2024 @ 6:03 am By Omar Faridi  |  

Adyen (AMS: ADYEN) has partnered with Swedish home furnishing business IKEA. The new partnership with Adyen will allow IKEA to “connect the dots between in-store and digital sales channels and offer better payment and loyalty experiences for customers.” Utilizing Adyen’s single financial technology platform to… Read More

September 2, 2024 @ 9:54 pm By Omar Faridi  |  

We recently caught up with Terence Kwok, CEO and Founder of Humanity Protocol. Terence Kwok spearheads Humanity Protocol, an organization dedicated to amplifying human potential amidst the transformative impact of artificial intelligence. He is a technology entrepreneur from Hong Kong and the CEO and founder… Read More

September 2, 2024 @ 9:52 pm By Omar Faridi  |  

Chainalysis has release the report entitled, 2024 Crypto Crime Mid-year Update Part 2: China-based CSAM and Cybercrime Networks On The Rise, Pig Butchering Scams Remain Lucrative. Key findings of the Chainalysis update: CSAM networks Reportings of China-based CSAM sites have increased since late 2023. A… Read More

September 2, 2024 @ 9:24 pm By Omar Faridi  |  

Despite the promises of Gen AI, business leaders have significant concerns about its implications for business performance, according to new research from KPMG UK. Respondents cited the inaccuracy of results, “including hallucinations1, as the biggest concern when adopting Gen AI (60%).” Boards are also worried… Read More

September 2, 2024 @ 9:23 pm By Omar Faridi  |  

SumSub has become the first identity verification provider to complete the new Global Digital Identity Certification (GDIC), according to the company. This initiative was created by AVID Certification Services Ltd, the UK’s provider of Digital Identity Certification. The certification is based on the Financial Action… Read More

September 2, 2024 @ 5:32 pm By Omar Faridi  |  

Experian has joined the B4NZ ecosystem. This partnership is said to mark a significant step forward in their shared mission “to enhance the flow of high-quality sustainability data within the UK’s financial system.” With over half of U.K. small and medium enterprises (SMEs) agreeing “reducing… Read More

September 2, 2024 @ 4:53 pm By Omar Faridi  |  

Visa (NYSE: V), a digital payments company, announced the launch of its Money Movement Advisory Practice in the United States and Canada. The new value-added service, “offered by Visa Consulting & Analytics (VCA), the payments consulting advisory arm of Visa, focuses on helping clients and… Read More

September 2, 2024 @ 1:51 pm By Omar Faridi  |  

In line with the Third Financial Sector Strategy issued by Qatar Central Bank, the Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA) have announced the launch of the QFC Digital Assets Framework, a comprehensive and innovative regime for the creation and… Read More

September 2, 2024 @ 12:50 pm By Omar Faridi  |  

Uppsala Security, a provider of tools and services for crypto AML/CTF, transaction risk management, regulatory compliance, transaction tracking, and cybersecurity, is pleased to announce the collaboration between Chainkeeper, its Crypto AI-powered Investigator, and the Burrito Wallet. The joint venture between Chainkeeper and Burrito Wallet is… Read More

September 2, 2024 @ 11:57 am By Omar Faridi  |  

Alpha Financial Markets Consulting (Alpha FMC), a global provider of specialist consultancy services to the financial services industry, is pleased to announce the opening of a new branch in Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital. With this new… Read More

September 2, 2024 @ 11:00 am By Omar Faridi  |  

To further strengthen its presence in Latin America, Kaspersky is opening new office in Colombia. This move aims to provide an increasing number of the company’s clients and partners in the region with access “to a comprehensive cybersecurity ecosystem, addressing the full spectrum of cybersecurity… Read More

September 2, 2024 @ 10:55 am By Omar Faridi  |  

A fifth of Brits (20%) over the age of 55 have consistently spent more than they’d expected to during their retirements so far, with an additional 11% expressing that this occurred early on in their retirement, according to new analysis by PensionBee. Daily living expenses… Read More

September 2, 2024 @ 10:49 am By Omar Faridi  |  

During a keynote presentation at Global Fintech Fest in Mumbai, Mastercard (NYSE: MA)  announced the worldwide launch of its new Payment Passkey Service to make online shopping more secure and easier than ever. Debuting first in India as a pilot with some of the nation’s… Read More

September 2, 2024 @ 10:22 am By Omar Faridi  |  

Ant International announced its participation in the Hong Kong Monetary Authority’s (HKMA) Project Ensemble Sandbox, focusing on “Liquidity Management”, one of its four main themes. Launched in March this year, Project Ensemble is the HKMA’s wholesale central bank digital currency (wCBDC) project aimed “at fostering… Read More

September 2, 2024 @ 9:06 am By Omar Faridi  |  

OKX, a global crypto exchange and Web3 technology company, announced that its local entity, OKX SG Pte. Ltd., received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), and appointed Gracie Lin as CEO of OKX SG. The license granted under… Read More

September 2, 2024 @ 8:11 am By Omar Faridi  |  

TS Imagine, the global, cross-asset provider of trading, portfolio, and risk management solutions for financial institutions, is pleased to announce the global availability of Platform 3.0, encompassing the culmination of three years of strategic research, development and investment. This thorough modernization of TS Imagine products… Read More