November 11, 2024 @ 10:50 am By Omar Faridi  |  

Consumer Fintech Chime has reportedly submitted a comment to Joint Banking Regulators’ Request for Information on bank-fintech partnerships. Chime noted in a blog post that they recently submitted a comment letter in response to a Request for Information from federal banking regulators in the U.S…. Read More

 Tagged chime, consumer fintech, digital banking, digital financial services, us

November 11, 2024 @ 9:10 am By Omar Faridi  |  

Klarna, the AI powered global payments network and shopping assistant, and John Lewis & Partners have partnered to bring Klarna to JohnLewis.com and the John Lewis app. John Lewis’ customers can now choose to check out with Klarna’s interest-free Pay in 3 product enabling shoppers… Read More

 Tagged bnpl, buy now pay later, klarna, uk

November 11, 2024 @ 7:53 am By Omar Faridi  |  

European SME lender iwoca has reportedly secured £200 million in debt funding. Fintech iwoca, which claims to be one of Europe’s biggest SME lenders, announces a new £200m package of debt funding from Citi and Waterfall Asset Management and reportedly doubles its SME loan offer… Read More

 Tagged citi, debt facility, europe, iwoca, lending, sme's, uk

November 11, 2024 @ 7:33 am By JD Alois  |  

The dust is still settling following former President Donald Trump’s sweeping win over Vice President Kamala Harris last week. The President-elect is slowly revealing who his is selecting for leadership roles which will help guide his policy in his forthcoming administration. While the Biden Administration… Read More

 Tagged chargebacks911, donald trump, fraud

November 11, 2024 @ 7:16 am By Omar Faridi  |  

Feedzai, the RiskOps platform for financial risk management, in partnership with the Global Anti-Scam Alliance (GASA), releases the 2024 Global State of Scams Report. The study reveals scams have siphoned off US$1.03 trillion globally over the past year, with US victims seeing the “largest impact… Read More

 Tagged feedzai, financial crime, Research Study, scams

November 11, 2024 @ 2:11 am By Omar Faridi  |  

Hong Kong Exchanges and Clearing Ltd (HKEX) is pleased to announce plans to digitize and automate the in-kind creation and redemption process for relevant exchange-traded products (ETP) in 2025 through the adoption of a “web-based platform, subject to technical readiness and regulatory approval.” This platform… Read More

 Tagged hkex foundation, hong kong, london metal exchange

November 11, 2024 @ 1:09 am By Omar Faridi  |  

Tencent announced a partnership with Visa (NYSE: V) to introduce its palm recognition technology for digital payments in international markets. The service will first be rolled out in Singapore, where Visa cardholders from participating banks, including DBS, OCBC, and UOB, will be “part of the… Read More

 Tagged digital payments, palm recognition technology, tencent, visa

November 10, 2024 @ 11:57 pm By Omar Faridi  |  

The European Central Bank (ECB) has released a survey on the Access to Finance of Enterprises: firms report moderate tightening of financing conditions. As noted in the update shared by the European Central Bank, firms reported little changes regarding the availability of bank loans. However,… Read More

 Tagged ecb, european central bank, financing, research, survey

November 10, 2024 @ 10:45 pm By Omar Faridi  |  

UK’s Smart Pension, a company focused on workplace pnesions, has reportedly surpassed £6 billion assets under management (AUM). According to the update from UK’s Smart Pension, new business wins, organic growth and strategic consolidations have led to rapid AUM growth. Smart Pension, one of the… Read More

 Tagged milestone, pensions, smart pension, uk, united kingdom

November 10, 2024 @ 10:03 pm By Omar Faridi  |  

Stablecoin issuance and use is rising around the world, with the market projected to reach $3 trillion within the next five years. This, according to an update from Fintech firm Ripple. Key to this continued growth are crypto regulations that will help advance the use… Read More

 Tagged Crypto Regulations, ripple, stablecoins, uae