November 10, 2024 @ 9:44 pm By Tony Zerucha  |  

Donald Trump’s return to the White House raises concerns that he might seek significant influence over the central bank’s policy decisions, warns deVere Group CEO Nigel Green. Green spoke ahead of Federal Reserve Chair Jerome Powell’s end-of-meeting speech on Nov. 7. “There are fears that… Read More

November 10, 2024 @ 1:14 pm By Tony Zerucha  |  

Even if President-elect Donald Trump does not deliver on his pro-crypto election campaign statements, Chirp founder and CEO Tim Kravchunovsky believes related policies will still support the industry. “Those of us in Europe woke up this morning to a major crypto rally on the news… Read More

November 10, 2024 @ 1:12 pm By Tony Zerucha  |  

B2B embedded finance platform Toqio has signed an agreement with the global e-commerce company DSA. The partnership with the UK- and Hong Kong-based company is Toqio’s maiden step into logistics after establishing itself as a partner to corporate firms in the hospitality and pharmaceuticals sectors,… Read More

November 9, 2024 @ 7:38 pm By Tony Zerucha  |  

Bitcoin surged to a record high of $75,060 on Tuesday night as growing confidence in Donald Trump’s return to the White House fueled investor excitement in the cryptocurrency space. The world’s most valuable digital asset has seen a remarkable rally, up more than 7% on… Read More

November 9, 2024 @ 7:25 pm By Tony Zerucha  |  

The term Artificial Intelligence (AI) is inescapable in Fintech today. It is often thrown around, with little knowledge of what it actually means. One certainty is it isn’t a cure-all for many of the issues affecting the industry. AI opens a host of questions, beginning… Read More

November 9, 2024 @ 1:44 pm By Tony Zerucha  |  

This week, Nium, a global infrastructure for real-time cross-border payments, announced a partnership with Ecobank Transnational Incorporated, an independent pan-African financial services group, to enable cross-border payments across 35 African markets for more than 32 million customers. Nium’s real-time payments infrastructure will be integrated into… Read More

November 9, 2024 @ 1:40 pm By Tony Zerucha  |  

More than one-fourth (29%) of bank customers and 22% of credit card customers have experienced fraudulent activity on their accounts in the past 12 months, according to the inaugural J.D. Power U.S. Financial Protection Satisfaction Study. As financial fraud continues to escalate, how financial institutions… Read More

November 6, 2024 @ 10:24 pm By Tony Zerucha  |  

Crypto investors’ hopes for a Christmas price rally could be realized if a few factors fall into place, YouHodler’s chief of markets Ruslan Lienkha believes. Global Economy Despite ongoing uncertainty in financial markets regarding the future of the global economy, Lienkha said there is a… Read More

November 6, 2024 @ 12:55 pm By Tony Zerucha  |  

The US Federal Reserve is under renewed pressure to implement another significant interest rate cut, following an unexpectedly low jobs report that signals a cooling economy. Nigel Green, CEO of deVere Group, believes the latest jobs data provides the Fed with a clear mandate to take more… Read More

November 5, 2024 @ 2:38 pm By Tony Zerucha  |  

According to the J.D. Power 2024 U.S. Small Business Banking Satisfaction Study released this week, overall customer satisfaction among small business owners has surged 20 points (on a 1,000-point scale) this year as economic outlooks continue to improve, and banks have stepped up their game… Read More

November 5, 2024 @ 12:22 pm By Tony Zerucha  |  

A catastrophic hurricane season has shed light on the reinsurance industry as it faces significant cost increases. Ted Georgas, co-founder and CTO of Nayms, a crypto-native reinsurance marketplace, said blockchain-based systems could dramatically reduce those costs. Georgas explained that reinsurance is a mechanism where insurance… Read More

November 5, 2024 @ 7:24 am By Tony Zerucha  |  

The  FTC’s new “click-to-cancel” rule, designed to simplify the process of ending subscriptions, has created a stir, putting additional pressure on subscription businesses to reassess their strategies. Research from payment processor Solidgate suggests the problem is dire. Solidgate surveyed 1,000 adults and found that 25%… Read More

November 4, 2024 @ 10:49 pm By Tony Zerucha  |  

Independent Community Bankers of America (ICBA) president and CEO Rebeca Romero Rainey said the recent CFPB action against VyStar Credit Union highlights an oversight gap in need of urgent attention. VyStar Credit Union was dinged for harming consumers through its botched rollout of a new… Read More

November 4, 2024 @ 4:07 pm By Tony Zerucha  |  

Affirm has launched its pay-over-time options in the United Kingdom. While nearly one-quarter of buy now, pay later users in the UK were charged late fees in 2023, Affirm does not have any late fees or hidden charges. Affirm underwrites every individual transaction before making… Read More

November 4, 2024 @ 12:44 am By Tony Zerucha  |  

Klarna, an AI-powered global payments network and shopping assistant, has launched a flexible payment option for Zoom Workplace. The initiative aims to make digital collaboration more accessible and affordable for businesses and individuals alike. Customers in 16 countries can now use Klarna to manage Zoom… Read More

November 3, 2024 @ 7:18 pm By Tony Zerucha  |  

Paxos, a blockchain and tokenization infrastructure platform, has introduced Global Dollar (USDG) – a US dollar-backed stablecoin that Paxos said is “substantively compliant with MAS’ upcoming stablecoin framework.” Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by the Monetary Authority… Read More

November 2, 2024 @ 7:37 am By Tony Zerucha  |  

Bitcoin (BTC) is likely to reach fresh all-time highs should Donald Trump win the US presidential election, predicts deVere Group CEO Nigel Green. The statement comes days before Americans hit the polls. BTC is currently around $71,000. The highest recorded price, $73,737, was paid on… Read More

November 1, 2024 @ 5:44 pm By Tony Zerucha  |  

According to a global survey of Open Banking, 90% of companies are considering U.S. expansion following the finalization of new regulations this week. That is among the findings in The Transatlantic Index USA, a report released by Open Banking Excellence (OBE). The publication features insights… Read More

November 1, 2024 @ 4:57 pm By Tony Zerucha  |  

As the Presidential election nears, Vice President Kamala Harris and former President Donald Trump are issuing stances on everything from the environment to finances. When it comes time to weigh the credibility of those statements, the founder and CEO of decentralized telecommunications network Chirp urges… Read More

November 1, 2024 @ 4:53 pm By Tony Zerucha  |  

Fintel Connect, a provider of growth marketing solutions for the financial industry, has launched Fintel Check for BaaS, an automated, cost-accessible fintech partner monitoring tool designed for Banking-as-a-Service (BaaS) sponsor banks and middleware providers. With Fintel Check for BaaS, BaaS banks will have access to… Read More