October 2, 2024 @ 7:53 am By Omar Faridi  |  

LSEG (London Stock Exchange Group), a global financial markets infrastructure and data provider, releases a report, The Future of Wealth: Why Consistency Matters, highlighting the impact of Artificial Intelligence (AI) in wealth management. AI continues to transform the wealth management sector with 62% of wealth… Read More

 Tagged ai, london stock exchange, london stock exchange group, lseg, Research Study, wealth management

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

Consumer financial technology company, Chime, which claims to offer the most “loved” banking app, announced that its fee-free overdraft feature, SpotMe, has covered its members with more than $30 billion in transactions since the product launched in 2019. SpotMe empowers everyday people to Unlock Financial… Read More

 Tagged chime, consumer fintech, digital financial services

October 2, 2024 @ 7:45 am By Omar Faridi  |  

KPMG has recently shared insightful comments following the Money and Credit data from the update from the Bank of England. Karim Haji, Global and UK Head of Financial Services at KPMG, shared comments on the recent Money and Credit statistical release. Karim Haji from KPMG… Read More

 Tagged bank of england, credit data, insights, uk, united kingdoma

October 2, 2024 @ 7:42 am By Omar Faridi  |  

The latest DFSA approval unlocks Ripple’s end-to-end payment services in the UAE, boosting Middle East operations. Ripple, the provider of digital asset infrastructure, has secured in-principle approval from the Dubai Financial Services Authority (DFSA) in order to expand its services from the Dubai International Financial… Read More

 Tagged dfsa, digital assets, dubai, fintech, mena region, ripple, uae

October 1, 2024 @ 3:00 pm By Omar Faridi  |  

Governor Greg Abbott acknowledged the Texas Stock Exchange (TXSE) and the state’s economic milestones during a recent conference at the Governor’s Mansion in Austin. Celebrated a milestone for the Texas Stock Exchange this morning. Business is booming so much in Texas that we now have… Read More

 Tagged Greg Abbott, texas, texas stock exchange, TXSE

October 1, 2024 @ 11:39 am By Omar Faridi  |  

Three quarters or the majority of UK financial services professionals are preparing for the Chancellor’s upcoming Budget to have at least a moderate impact on their business, according to KPMG’s UK Financial Services Sentiment Survey. More than a quarter (28%) anticipate the impact will be… Read More

 Tagged budget, financial services, insights, research, uk

October 1, 2024 @ 9:56 am By Omar Faridi  |  

UK business confidence dipped to a three-month low in September, the Lloyds Bank Business Barometer has found. The survey, which ran from 2nd – 16th September, revealed that overall UK business confidence fell three points to 47%, its lowest for three months, but remained higher… Read More

 Tagged business confidence, insights, lloyds bank, research, uk

October 1, 2024 @ 8:28 am By Omar Faridi  |  

European Payments Initiative (EPI), a European entity claiming to be focused on offering a sovereign payment alternative to all consumers in the region, announced the launch of Wero. The European instant account-to-account payment solution will be available to French customers of BNP Paribas, Groupe BPCE,… Read More

 Tagged epi, europe, european payments initiative, payments, wero

September 30, 2024 @ 9:15 pm By Michael Wong  |  

Lendistry, a minority-led fintech and Community Development Financial Institution (CDFI), announced today it has received a $5 million investment from City National Bank. The capital injection aims to expand the provision of individual loans under $100,000 to support the rapidly growing small business sector in… Read More

 Tagged california, City National Bank, fintech, lendistry

September 30, 2024 @ 9:12 pm By Omar Faridi  |  

Dante Disparte, Chief Strategy Officer; Head, Global Policy, Circle Internet Financial, notes that with the emergence of fast-evolving fintechs, regulators have sought ways to keep pace with their activities and technologies, “not only in the spirit of leveling the playing field, but also to keep… Read More

 Tagged circle, dante disparte, fintech adoption, fintech regulations, sandbox