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

June 30, 2024 @ 9:26 pm By Omar Faridi  |  

multifi are a lending service for SMEs, empowering innovative businesses to reach the next level of growth and cover emergencies. However, to offer the solution that SMEs were crying out for, they “needed to offer loans that were fast and easily accessible.” For that, they… Read More

 Tagged lending, modulr, multifi, sme's

June 30, 2024 @ 9:05 pm By Omar Faridi  |  

Maybank introduced the single device feature for sole proprietors where users can link up to five Maybank2u (M2U) access in the MAE app, enabling them to manage their finances in an easier and more seamless manner. This includes a combination of one individual account and… Read More

 Tagged malaysia, maybank

June 30, 2024 @ 8:34 pm By Omar Faridi  |  

Taiwan-based CTBC Bank has implemented the Avaloq Core Platform in order to digitally transform its private banking business. The new platform enables CTBC Bank “to offer specialized private banking products and services in Hong Kong and Singapore.” CTBC Bank is reportedly “the largest privately owned… Read More

 Tagged avaloq, banking, ctbc bank, digital transformation, taiwan

June 30, 2024 @ 8:25 pm By Michael Wong  |  

MoneyHero Limited, a Nasdaq-listed platform for personal finance and digital insurance aggregation in Southeast Asia, has announced a strategic acquisition involving its subsidiary CompareHero. Under the terms of the agreement, CompareHero, which operates solely in Malaysia, will be acquired by Jirnexu Sdn. Bhd., the operator… Read More

 Tagged CompareHero, fintech, jirnexu, malaysia, MoneyHero

June 30, 2024 @ 7:23 pm By Tony Zerucha  |  

AI-powered risk decisioning software provider Provenir believes it has the solution to more sophisticated types of fraud. Identity theft and synthetic identities will account for roughly half of all financial services fraud cases by 2025. In a global survey of financial services executives, 43% said… Read More

 Tagged fraud, provenir, Sophia Qureshi, workflows

June 30, 2024 @ 6:17 pm By Tony Zerucha  |  

This week, Trovata, a provider of corporate banking APIs, launched Multibank Connector, which includes what the company claims is the most extensive library of direct-to-bank APIs to power financial services worldwide. Much like data aggregation solutions contributed to the rise of fintech in consumer banking,… Read More

 Tagged api, brett turner, connectivity, payment rail, trovata

June 30, 2024 @ 5:15 pm By Omar Faridi  |  

Riskified (NYSE: RSKD), a firm focused on addressing fraud and leveraging risk intelligence,  wrapped its annual ecommerce summit Ascend 2024 in New York City. Ascend 2024 gathered global enterprise merchants, professionals from payments and fraud advisories, and the Riskified team to discuss the latest strategies… Read More

 Tagged e-commerce, fraud, risk intelligence, Riskified