June 19, 2024 @ 12:41 pm By Omar Faridi  |  

BlackRock (Nasdaq: BLK) recently noted that there’s broad agreement among portfolio managers that a concentrated group of AI winners “will drive returns over a short-term tactical horizon.” BlackRock also mentioned in a recent market update that US stocks reached record highs and bond yields fell… Read More

 Tagged ai, blackrock, interest rates, investments

June 19, 2024 @ 12:26 pm By JD Alois  |  

A report from the UK indicates that more than 50% of consumers benefit from Open Banking but do not know it. The research claims a “clear disconnect between recognition and use of Open Banking.” Open Banking or Open Finance is mandated in the UK. This… Read More

 Tagged emerchantpay, open banking, uk, united kingdom

June 19, 2024 @ 9:13 am By Omar Faridi  |  

Lunar and SAS have partnered in order to launch Scandinavia’s debit card with EuroBonus points. The two Scandinavian companies, Lunar and SAS, have entered a new partnership. They are launching a debit card that allows you “to earn EuroBonus points on daily purchases from trips… Read More

 Tagged debit cards, lunar, sas, scandinavia

June 19, 2024 @ 7:51 am By Omar Faridi  |  

Zilch, the ad-subsidized payments network (ASPN), announces a key £100 million securitised debt financing arranged by Deutsche Bank (DB). The financing will enable Zilch to grow its business and “accelerate Zilch’s ability to create and launch new products for a broader base of customers.” In… Read More

 Tagged debt financing, deutsche bank, payments, uk, united kingdom, zilch

June 18, 2024 @ 11:07 pm By Omar Faridi  |  

Finaloop, the real-time e-commerce accounting platform, announced it has raised a $35 million Series A round. Lightspeed Venture Partners led the investment round with participation “from Vesey Ventures, Commerce Ventures, and existing investors, Accel and Aleph.” The latest funding round, which “brings Finaloop’s total funding… Read More

 Tagged e-commerce, finaloop, funding round

June 18, 2024 @ 11:07 pm By Omar Faridi  |  

Ubank has announced a new bonus interest rate for savers. This update from Ubank comes as new Gen Z and Millennial research reveals “the rising cost of living is making it increasingly difficult to manage their finances yet they remain optimistic about their savings and… Read More

 Tagged australia, digital bank, savings, ubank

June 18, 2024 @ 5:28 pm By Omar Faridi  |  

Over the past decade, digital finance apps and services have “accessed consumer-permissioned data to provide personalized experiences that serve many consumer needs,” according to an update from Plaid. As a result, consumers now have “more and better choices in the apps they can use to… Read More

 Tagged fintech adoption, open banking, plaid

June 18, 2024 @ 5:27 pm By Omar Faridi  |  

The latest KPMG Australia Retail Health Index (RHI) indicates the road to recovery for Australia’s embattled retail sector has stalled, with positive health not forecast until September 2025. Between the December quarter 2023 and the March quarter 2024 the KPMG RHI had “a rise of… Read More

 Tagged australia, economic activity, research

June 18, 2024 @ 5:26 pm By Omar Faridi  |  

ZA Bank announced the launch of StockBack, a stock rebate program that allows users to get a free draw of various US stocks after each successful stock purchase transaction. The move sets a precedent in the local banking industry “where users can get ‘stockback’ from… Read More

 Tagged banking, digital bank, hong kong, stockback, stocks, za bank

June 18, 2024 @ 1:02 pm By JD Alois  |  

Mexican payments platform Clip has announced $100 million in funding provided by funds managed by Morgan Stanley Tactical Value. The Fintech said the valuation was “in line” with its Series D funding round. Adolfo Babatz, Clip’s Founder and CEO, said the money represents the validation of… Read More

 Tagged clip, mexico, payments