July 2, 2024 @ 8:52 am By Omar Faridi  |  

Revolut has released its Annual Report for the year ending 31 December 2023. Nik Storonsky, CEO of Revolut, said: “This year, we took our biggest steps yet on our mission to deliver the best product and the best customer experience at great value to customers,… Read More

 Tagged banking, digital bank, europe, revolut, uk, untied kingdom

July 2, 2024 @ 7:46 am By Omar Faridi  |  

The Securities and Exchange Commission (SEC) charged Silvergate Capital Corporation, its former CEO Alan Lane, and former Chief Risk Officer (CRO) Kathleen Fraher with allegedly “misleading investors about the strength of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program and the monitoring of crypto customers,… Read More

 Tagged bank secrecy act, compliance, ftx, sec, silvergate

July 2, 2024 @ 5:43 am By Tony Zerucha  |  

Last week, mortgage Fintech Lower announced Craig Montgomery as its new chief strategy officer. Montgomery is charged with helping Lower achieve its goal of becoming a top-five national lender. A 27-year industry veteran, Montgomery took part in driving organizational growth from under $2 billion to over $50 billion in annual production… Read More

 Tagged Craig Montgomery, dan snyder, Lower, mortgage fintech, Selene Kellam

July 1, 2024 @ 4:24 pm By Omar Faridi  |  

Although interest rates and inflation have started to trend downward, many bank customers in Canada are still feeling the economic squeeze and the majority of them express interest in receiving financial advice from their bank, according to the J.D. Power 2024 Canada Retail Banking Advice… Read More

 Tagged banking, canada, inflation, interest rates, research

July 1, 2024 @ 12:06 pm By Omar Faridi  |  

The team at CBInsights has shared key industry insights in an update, entitled Enterprise AI Roadmap: How the AI development platform landscape has transformed, changing how buyers assess ROI, use cases. The researchers reportedly mined CB Insights data and spoke “with 50+ buyers of AI… Read More

 Tagged ai, artificial intelligence, machine learning, research

July 1, 2024 @ 10:28 am By JD Alois  |  

Fintech has long been a hot sector of online capital formation and Currensea raising money on Seedrs is emblematic of a popular firm able to raise money quickly in a crowdfunded securities offering. According to multiple reports, Currensea has cruised past its £1 million funding… Read More

 Tagged currensea, seedrs, uk, united kingdom

July 1, 2024 @ 9:46 am By Omar Faridi  |  

The Malta Financial Services Authority (MFSA) released its Annual Report, highlighting the stability and resilience of the Maltese financial services industry in 2023. Malta’s financial services sector is reportedly “a major player in the country’s economic success.” Between 2022 and 2023, the financial services sector… Read More

 Tagged financial services, malta, malta financial services authority, mfsa

July 1, 2024 @ 9:12 am By Omar Faridi  |  

The latest Lloyds Bank Business Barometer has found that overall business confidence fell by 9 points to 41% in June. Despite falling from last month’s highs, this latest confidence reading “is consistent with levels seen during Q1 2024, before the sharp rise in May.” The… Read More

 Tagged business confidence, lloyds bank, research, uk, united kingdom

July 1, 2024 @ 9:08 am By Omar Faridi  |  

Mats Eklund has been announced as the new Head of Information Technology and Digitalization Department at Riksbank. The Executive Board of the Riksbank has reportedly appointed Mats Eklund new Head of the Information Technology and Digitalization Department. Mats comes most recently from “a position as… Read More

 Tagged digitalization, information technology, riksbank, sweden

June 30, 2024 @ 10:28 pm By Omar Faridi  |  

Real-World Asset Tokenization: A Game Changer for Global Trade, a new paper released by Standard Chartered and Synpulse, predicts that demand for overall tokenized assets could reach USD 30.1 trillion by 2034, and that trade finance assets “could become one of the top three tokenized… Read More

 Tagged standard chartered, synpulse, tokenization, trade finance