June 22, 2024 @ 6:23 pm By Omar Faridi  |  

Discretionary spending hit as household cost pressures continue to mount according to the latest findings from KPMG UK‘s Consumer Pulse survey. As noted in the update, four in ten consumers say they’ve “cut back on non-essential spending, reducing their monthly discretionary budget by £77 on… Read More

 Tagged consumer behavior, consumer spending, research, uk, united kingdom

June 22, 2024 @ 6:14 pm By Tony Zerucha  |  

This week Forter, released findings from a national consumer study that found 61% of respondents have shifted their online shopping habits as a result of higher prices. This signals a need for online brands to evolve with their customers. Commissioned by Forter and conducted by… Read More

 Tagged Doriel Abrahams, ecommerce, forter, gen z, inflation

June 22, 2024 @ 5:43 pm By Omar Faridi  |  

Backbase, the creator of the Engagement Banking Platform announces the appointment of Chris Shayan as the new Head of Artificial Intelligence. This strategic move is set to significantly “advance Backbase’s AI vision and adoption across its tech offering, reinforcing its commitment to re-architecting banking around… Read More

 Tagged ai, backbase, chris shayan, engagement banking

June 22, 2024 @ 5:41 pm By Michael Wong  |  

Southeast Asia’s tech sector has experienced a pronounced slowdown in funding during the first half of 2024, securing only $1.6 billion—a sharp 65% decline from the $4.5 billion raised in the same period last year, according to Tracxn’s latest “Geo Semi-Annual Report: SEA Tech H1… Read More

 Tagged southeast asia, Tech Startup, vc, venture capital

June 22, 2024 @ 5:35 pm By Omar Faridi  |  

DriveWealth, a financial technology platform providing Brokerage-as-a-Service,  announced the promotions of three members of the company’s senior leadership team, effective immediately. Jason Pizzorusso will serve as President; Marcus Anthony has been named Chief Financial Officer; and Emily Ellis has been promoted to Chief People Officer…. Read More

 Tagged brokerage as a service, drivewealth, new appointments

June 22, 2024 @ 2:17 pm By Tony Zerucha  |  

dLocal, a cross-border payment platform specializing in high-growth markets, this week announced its partnership with Eneba, a marketplace with more than 10 million registered users and 80,000 products for gamers. The partnership between dLocal and Eneba aims to create a vector of accessible gaming for… Read More

 Tagged Agustin Botta, dlocal, Eneba, gaming, latam, latin america, Mantas Eitutis, payments

June 22, 2024 @ 1:57 pm By Omar Faridi  |  

Thunes explains that it’s focused on playing a pivotal role in Poland’s payments landscape. Thunes says that its nationwide network enables seamless payments, “linking bank accounts, digital wallets and merchants.” With Thunes’ Pay and Accept solutions, Polish consumers can easily “make real-time cross-border payouts.” Thunes… Read More

 Tagged europe, payments, poland, thunes

June 22, 2024 @ 11:45 am By Omar Faridi  |  

CME Group, the derivatives marketplace, announced its foreign exchange (FX) futures reached an all-time single-day volume record of 3.26 million contracts (equivalent to $314B notional) on June 12. The previous record of 3.15 million contracts ($296B notional) was “set on March 8, 2023.” In addition,… Read More

 Tagged cme group, derivatives, futures, trading

June 22, 2024 @ 11:37 am By Tony Zerucha  |  

Vixio, a provider of regulatory intelligence solutions, has published its 2024 Open Banking Outlook report, a unique dive into the growing issue of open banking. This report delves into the current and future open banking landscape and offers valuable insights on how businesses can leverage… Read More

 Tagged compliance, john gidla, open banking, uk, united kingdom, Vixio

June 22, 2024 @ 10:27 am By Omar Faridi  |  

High-net-worth individuals believe U.S. stocks offer the best opportunities for growing assets, but that conviction is less held by younger investors finds the 2024 Bank of America (NYSE: BAC) Private Bank Study of Wealthy Americans. Millennials and Gen Z are increasingly looking “beyond the traditional… Read More

 Tagged Research Study, stocks, us, wealth management