December 4, 2024 @ 3:50 pm By JD Alois  |  

President-elect Donald Trump has selected Paul Atkins, a former SEC commissioner, to lead the nations top securities regulator as the Chairman of the Commission Announcing the appointment on Truth Social, Trump stated: “I am delighted to announce the nomination of Paul Atkins to be the… Read More

 Tagged donald trump, paul atkins, sec, securities and exchange commission

December 4, 2024 @ 9:50 am By Omar Faridi  |  

Weavr’s whitepaper, titled “Flexible benefits cards: Employee choice, business control”, highlights the impact that fintech, and embedded finance in particular, is having on business applications, such as those utilized by HR teams for employee benefits schemes. The latest report shared by Weavr has found that… Read More

 Tagged embedded finance, hr, research, weavr

December 4, 2024 @ 9:48 am By Omar Faridi  |  

From Black Friday through Cyber Monday (BFCM), Stripe reportedly processed 465 million transactions with a total payment volume of over $31 billion. Stripe claims that it was the “largest ever” four-day period on Stripe. Stripe’s public microsite and custom BFCM machine tracked results in real-time,… Read More

 Tagged digital payments, e-commerce, spending, stripe, transaction processsing

December 4, 2024 @ 9:03 am By JD Alois  |  

The 180-degree transformation of the regulatory approach to crypto is just around the corner. The Joe Biden presidency has been exceptionally detrimental toward digital asset innovation. While the Securities and Exchange Commission took a regulation-by-enforcement approach to crypto, ignoring the profound opportunity to transform capital markets, other… Read More

 Tagged brian armstrong, coinbase, milbank, perspective, sec

December 4, 2024 @ 8:29 am By Omar Faridi  |  

MORS Software, a firm focused on Treasury, ALM and Liquidity Risk Management solutions, is pleased to announce its latest partnership with Monument Bank, a digital bank based in the United Kingdom. This collaboration signifies Monument Bank’s adoption of MORS Treasury Management System, a solution designed… Read More

 Tagged digital bank, monument bank, mors software, united kingdom

December 3, 2024 @ 11:47 pm By Omar Faridi  |  

The Lloyds Business Barometer has recently found that UK business confidence fell in November, with the index reportedly sliding three points to 41%. Above the long-term average of 29%, the notable change followed a period of sustained “positivity” from UK based businesses, as confidence reached… Read More

 Tagged lloyds bank, research, uk, united kingdom

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

KPMG UK has joined FinTech Scotland, the cluster management organization for fintech in Scotland. The organizations will work together to help foster innovation, accelerate growth and drive tech adoption “within the Scottish financial technology sector.” KPMG UK’s commitment adds expertise to Fintech Scotland’s cluster continuing… Read More

 Tagged europe, fintech adoption, fintech scotland, uk, united kingdom

December 3, 2024 @ 10:46 pm By Omar Faridi  |  

Lumin Digital, a cloud-native digital banking provider, announced it has raised over $160M in growth equity financing, led by Light Street Capital, NewView Capital, and Partners Group, acting “on behalf of its clients.” Lumin Digital plans to leverage the funding to accelerate its growth initiatives,… Read More

 Tagged banking, cloud, funding round, lumin digital, newview capital

December 3, 2024 @ 9:45 pm By Omar Faridi  |  

Finfare Inc., a Fintech focused on expense management, is marking its three-years of business operations with a brand refresh and several industry updates/milestones. According to the update shared with CI, the brand revamp reflects the company’s evolution and its commitment to its mission to transform… Read More

 Tagged california, finfare, fintech adoption, london, us, wayne lin

December 3, 2024 @ 9:44 pm By Omar Faridi  |  

Offa, a UK-based Islamic property finance Fintech, has acquired Bank of Ireland’s Alburaq Sharia-compliant home finance portfolio in a deal including over 350 home purchase plans. The deal means that the customers transferred over to Offa will reportedly have access to a broader “range of… Read More

 Tagged islamic finance, offa, sharia, sharia-compliant, uk, united kingdom