October 22, 2024 @ 11:14 pm By Omar Faridi  |  

UK Finance has shared a Half Year Fraud Report 2024. According to the latest update from UK Finance, fraud continues to pose a major “threat” to the United Kingdom as well as potentially cause “serious harm’ to individuals and society in general. During the first… Read More

 Tagged fraud, research, scams, uk, uk finance, united kingdom

October 22, 2024 @ 4:07 pm By JD Alois  |  

  The Consumer Financial Protection Bureau (CFPB) released final Open Banking rules today. The new rules impact banks, brokerages and more, and go into effect over the next few years. Open Banking or Open Finance addresses the topic of data generated or provided by consumers… Read More

 Tagged casey jennings, cfpb, consumer financial protection bureau, david silberman, Financial Health Network, open banking, perspective, seward and kissel

October 22, 2024 @ 3:24 pm By Omar Faridi  |  

Robinhood Markets (Nasdaq: HOOD) has launched margin investing in the United Kindom. Robinhood Markets noted that their “competitive” rates for UK customers range from 5.2% to 6.25%. At Robinhood Markets, they claim to be empowering customers with the tools they need to navigate the financial… Read More

 Tagged investing, robinhood, trading, uk, united kingdom

October 22, 2024 @ 3:19 pm By Omar Faridi  |  

Zip announced recently a $190 million Series D funding round, raising the company’s valuation to $2.2 billion. The latest investment round reported by Zip is said to have been led by BOND, with additional new investors Adams Street, Alkeon, (some others) along with Zip’s existing… Read More

 Tagged funding round, zip

October 22, 2024 @ 11:45 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has completed its rulemaking process for certain segments of Open Banking. Open Banking, or Open Finance, addresses the massive amounts of data generated by financial services firms and their customers. In the past, these firms have largely leveraged this… Read More

 Tagged cfpb, financial technology association, fta, open banking, open finance

October 22, 2024 @ 11:11 am By Michael Wong  |  

Obligo, a US Fintech focused on bridging the trust gap between renters and landlords through flexible security deposit solutions, announced raising $35 million in its latest funding round. The latest investment round, co-led by True Global Ventures and 83North, comes at a time when Obligo… Read More

 Tagged funding round, obligo

October 22, 2024 @ 9:00 am By JD Alois  |  

Neobank MoneyLion (NYSE: ML) has revealed the launch of “MoneyLion Checkout,” which it describes as the Amazon of financial services. MoneyLion says that users may search for hundreds of financial products, including both in-house and outside services. The company claims the services are similar to… Read More

 Tagged moneylion

October 22, 2024 @ 8:59 am By Omar Faridi  |  

Alex Jimenez from Backbase has shared key insights with Crowdfund Insider. Alex mainly focused on the advantages of leveraging the latest Fintech technologies and how innovative tech may be used to complement existing banking solutions. Alex Jimenez serves as the Lead Principal Consultant at Backbase. He… Read More

 Tagged alex jimenez, backbase, banking, fintech trends, interview

October 22, 2024 @ 8:32 am By JD Alois  |  

US-based Pipe is expanding into the UK by collaborating with GoCardless. Pipe is a Fintech that makes financial tools accessible to smaller firms, including embedded financing. GoCardless is a global payments firm with over 100,000 businesses, from start-ups to household names. Under the partnership, Pipe’s… Read More

 Tagged embedded finance, gocardless, online lending, pip, uk, united kingdom

October 22, 2024 @ 8:25 am By Omar Faridi  |  

A new research report for the G20 on tokenization aims to highlight the various opportunities, risks and future considerations for central banks. As explained in the update shared by BIS, tokenization could potentially have significant implications for the future of finance as well as the… Read More

 Tagged bank for international settlements, bis, digital securities, g20, tokenization