PBOC and HKMA to Focus on Cross-Boundary Linkage of Payment Systems between Mainland China and Hong Kong

PBOC and HKMA has reportedly signed an MOU that is focused on cross-boundary linkage of payment systems between the Mainland and Hong Kong. Mr Lu Lei, Deputy Governor of the People’s Bank of China (PBOC), and Mr Howard Lee, Deputy Chief Executive of the Hong… Read More

Carta Total Compensation Now Available for All Firms, Businesses May Access Equity and Salary Benchmarks

Carta Total Compensation is now available for all companies—not just Carta cap table customers. All private companies can now access Carta’s equity and salary benchmarks to make smarter, data-driven compensation decisions. Without accurate equity and salary benchmarking data, you risk “losing top talent or overpaying… Read More

American Fintech Council Supports Congressional Request to Safeguard Consumer Data, Action by CFPB

The American Fintech Council (AFC) has issued a statement on the bipartisan letter sent by a group of House Representatives asking the Consumer Financial Protection Bureau to adjust requirements pertaining to control of consumer data along the lines of Open Banking. The AFC says they… Read More

DIY Ransomware Is Reportedly Enabling Novice Cybercriminals to Become Major Threat with Off-the-Shelf Code

With a vast array of tools and samples at their disposal, organized ransomware cybercriminal groups often have proprietary ransomware samples, while standalone criminals frequently rely on leaked DIY variants to launch their attacks. Latest research by Kaspersky reveals the recent ransomware attacks “using the leaked… Read More

Konsentus Verify, an Open Banking Identity and Regulatory Checking Solution, Available on Temenos Exchange

Konsentus announced that Konsentus Verify, Europe’s open banking identity and regulatory checking solution, is now available on Temenos Exchange, the partner ecosystem of integrated fintech solutions. Konsentus Verify ensures end-user account “access is never granted to unauthorised third parties, giving consumers and businesses the highest… Read More

European Central Bank and European Banking Authority Release Report on Payments Fraud

The European Central Bank (ECB) and the European Banking Authority (EBA) have recently released a joint report on payment fraud. The report assesses payment fraud data reported semi-annually by payment service providers across the European Economic Area (EEA) for a variety of payment instruments, such… Read More

Egyptian B2B Platform Cartona Celebrates $8.1M Series A

Cartona, a B2B platform digitizing and empowering stakeholders of Egypt’s traditional trade market – including mom-and-pop stores, hotels, restaurants, ​​cafes, FMCG companies, ​​and ​wholesalers – has completed an $8.1 million ​​Series A extension ​fundraise. The round was led by Algebra Ventures, an Egyptian tech venture… Read More

European PayTech Nexi Enters Agreement with Payac Services CLG to Deliver SEPA Instant Payments

Nexi, the European PayTech, has reportedly signed an agreement with Payac Services CLG, a credit union owned payment services provider, to deliver SEPA Instant payments to all participating credit unions in the Republic of Ireland. As a result of this partnership, 176 credit unions of… Read More

UK’s Shawbrook to Leverage nCino to Automate Lending Processes and Enhance Client Portfolios

nCino, Inc. (NASDAQ: NCNO), a firm focused on cloud banking for the global financial services industry, announced that Shawbrook has chosen nCino to help automate its loan origination processes, while expanding portfolio management capabilities through nCino’s cloud-based platform. With nCino’s intelligent solutions, Shawbrook’s team will… Read More

James Greaves from Fractal Shares Insights on Future of Payments in Fintech and Other Industry Trends

Industry veteran James Greaves, ex-Vice President of Zelle and President and Co-Founder of Fractal, a payment platform providing simple and efficient payment solutions to SaaS companies, divulges insights and predictions on the future of payments in fintech and why fintech integrations are the next frontier… Read More

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