October 24, 2024 @ 8:04 pm By Omar Faridi  |  

Research and key insights released by Adyen (ADYEN:AMS), the global financial technology platform of for international businesses, reveals 40% of consumers have already, or are planning to, “unsubscribe” from services and products they’ve set up recurring payments with over the “next 12 months.” The data… Read More

 Tagged adyen, consumer behavior, financial planning, financial services, Research Study

October 24, 2024 @ 4:25 pm By Omar Faridi  |  

Juniper Research noted that as payment technologies evolve, fintech companies, central banks, and commercial banks are increasingly focusing on the ongoing transition to online methods of payment. Juniper Research added in its update that this trend is evident in the growing preference for using digital… Read More

 Tagged cbdcs, payments, Research Study, stablecoins

October 24, 2024 @ 3:46 pm By JD Alois  |  

 SEC Commissioner Mark Uyeda delivered a speech earlier today in Hong Kong where he lauded the availability of alternative assets as contributing significantly to our global economies. These alternative assets include private securities, both debt and equity, as well as crypto assets. Commissioner Uyeda explains:… Read More

 Tagged hong kong, mark uyeda, regulation, sec

October 24, 2024 @ 9:21 am By JD Alois  |  

There has been much discussion of the Open Banking rules announced by the US Consumer Financial Protection Bureau (CFPB). While many support the new regulations, which aim to empower consumers to control their financial services data—allowing when and by whom to use the information—some are concerned about having a… Read More

 Tagged cfpb, consumer financial protection bureau, open banking, wise

October 24, 2024 @ 8:53 am By Omar Faridi  |  

UK Finance has released its 2024 banking sector tax report, UK Finance has shared key insights in its latest estimate of the total tax contribution of the UK banking sector, produced by Big Four auditing and professional services firm PwC. The detailed analysis shared by… Read More

 Tagged banking, insights, Research Report, tax, uk finance

October 24, 2024 @ 8:51 am By Omar Faridi  |  

Sygnum, a digital asset banking group, announces a new office in Lugano, the largest city in the Canton of Ticino and the Italian-speaking area of southern Switzerland. The move aims to expand client services and enable collaboration with the  Lugano-based Bitcoin and digital asset ecosystem… Read More

 Tagged banking, bitcoin, digital assets, europe, switzerland, sygnum

October 24, 2024 @ 8:50 am By Omar Faridi  |  

BNPL or Buy Now Pay Later is said to have saved UK consumers half a billion pounds in credit card interest over a decade, according to an update from Klarna which claims it is now marking 10 years of savings. Klarna, the AI-powered global payments… Read More

 Tagged bnpl, buy now pay later, klarna, Research Study

October 23, 2024 @ 10:57 pm By Michael Wong  |  

The Financial Conduct Authority (FCA) is intensifying its efforts to curb illegal activities by financial influencers, commonly known as “finfluencers“, who may be promoting financial services unlawfully. As part of a targeted crackdown, the regulator has issued 38 alerts against social media accounts run by… Read More

 Tagged fca, financial conduct authority, Finfluencers, uk, united kingdom

October 23, 2024 @ 10:11 pm By Omar Faridi  |  

Thunes, which claims to be the Smart Superhighway to move money around the world, announced the introduction of its QR Code Payments solution. This allows Members of the Thunes’ Direct Global Network – including mobile wallets, neo-banks, and banks with mobile capabilities – to “connect… Read More

 Tagged china, payments, thunes

October 23, 2024 @ 8:59 pm By Omar Faridi  |  

SIX and China Construction Bank Corporation (CCB) signed an MOU to develop cooperation on securities services topics and to foster a continuing relationship between the parties. The signing session reportedly took place in Beijing, China, at SIBOS. SIX and CCB share three main purposes: the… Read More

 Tagged ccb, china, china construction bank, six, switzerland