September 21, 2024 @ 9:59 am By Omar Faridi  |  

Carta has recently examined ownership trends in private equity: 2024. Hamza Shad, Christina Cheledinas, Janet Deng, Lucy Wang noted in the second annual Ownership Trends in Private Equity report that the update “provides a status update on the progress private equity has made toward the… Read More

 Tagged carta, research

September 20, 2024 @ 8:20 pm By Michael Wong  |  

Lighthub Asset, a Thai Fintech firm, and WeLab, a pan-Asian fintech platform, have submitted a joint application for a virtual banking license with the Bank of Thailand (BoT). The result of the application is expected in the first half of 2025, according to a statement… Read More

 Tagged banking, digital bank, Lighthub Asset, thailand, welab

September 20, 2024 @ 7:21 pm By Michael Wong  |  

A joint survey conducted by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) revealed a 14% increase in total transactions of non-exchange-traded investment products by licensed corporations (LCs) and registered institutions (RIs) in 2023. The total transaction amount reached $4,338… Read More

 Tagged hkma, hong kong, hong kong monetary authority, Online Investment Products

September 20, 2024 @ 11:58 am By Omar Faridi  |  

One in six B2B sellers (suppliers) are offering business customers over two months to pay their invoices, according to a new joint report from economic consultancy Cebr and iwoca. The report Credit Where It’s Due, commissioned by iwoca––one of Europe’s largest small business lenders––reveals the… Read More

 Tagged b2b, iwoca, payments, research, uk

September 20, 2024 @ 10:16 am By JD Alois  |  

The Payments Association has released an “investigative documentary” regarding the impact of Authorised Push Payments (APP) fraud. The project was released in partnership with Cardaq and We Fight Fraud. The documentary aims to explore how fraudsters pilfer money from the innocent. The documentary, entitled The… Read More

 Tagged app fraud, psr, the paymens association, uk, united kingdom

September 20, 2024 @ 9:57 am By Omar Faridi  |  

UK chief executives see implementing Generative AI (GenAI) as an opportunity to change the nature of work and create highly skilled workforces without reducing the number of jobs in the market, according to KPMG’s CEO Outlook survey. KPMG surveyed more than 1,300 CEOs around the… Read More

 Tagged generative ai, kpmg, research

September 20, 2024 @ 9:24 am By Omar Faridi  |  

iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, will provide its technology to HSBC Global Private Banking. The solution will be fully integrated into HSBC’s platform “to digitalize the private market investment experience for its relationship managers,… Read More

 Tagged banking, hsbc, icapital, wealth management

September 20, 2024 @ 9:02 am By JD Alois  |  

Multiple reports have claimed that Apple (NASDAQ:AAPL) has been talking to JP Morgan (NYSE:JPM), the largest bank in the US, to step in and takeover the popular Apple Card from current partner Goldman Sachs (NYSE:GS). Apple partnered with Goldman to launch the Apple Card, which… Read More

 Tagged apple, apple card, goldman sachs, jp morgan

September 20, 2024 @ 8:42 am By Michael Wong  |  

Fintech solutions provider NeoXam has announced the signing of an agreement to acquire EZOPS, a company specializing in AI-enabled data control, workflow automation, reconciliation, and regulatory reporting solutions. This acquisition is set to bolster NeoXam’s Fintech offerings and extend its international footprint, with particular emphasis… Read More

 Tagged EZOPS, NeoXam

September 20, 2024 @ 8:39 am By Omar Faridi  |  

Nium, the global enabler of real-time cross-border payments, announced that its monthly payment volume grew by 3X in Oceania, over the last year. This growth has been driven by a surge in adoption “from financial institutions and spend management platforms, with AI platform, RedOwl, being… Read More

 Tagged fintech trends, nium, payments