May 28, 2024 @ 7:29 pm By JD Alois  |  

Intelligent Money Ltd., a SIPP provider, has entered administration. The UK Financial Conduct Authority (FCA) posted today that the authorized firm entered administration after the Financial Ombudsman Service upheld the final decision pertaining to the platform’s operations. Simultaneously, the company revealed that Quai Administration Services… Read More

 Tagged enforcement, fca, intelligent money, sipp, uk, united kingdom

May 28, 2024 @ 3:18 pm By Omar Faridi  |  

WealthKernel, a provider of digital investing infrastructure, announced the appointment of James Dingwall as its new Strategic Regulatory Adviser. With a specialized focus on the Appointed Representative framework, Dingwall is expected to be  “a key role in helping WealthKernel navigate the complex regulatory landscape.” Dingwall… Read More

 Tagged digital investing, infrastructure, new appointments, wealthkernel

May 28, 2024 @ 10:54 am By JD Alois  |  

Swiipr, a “travel Paytech” firm, has announced raising £6 million in a Series A funding round led by Octopus Ventures. TX Ventures and Solano Partners also participated in the funding round. Swiipr aims to provide a service for airlines and their disruption payments systems. The… Read More

 Tagged octopus ventures, paytech, swiipr, travel, uk, united kingdom

May 28, 2024 @ 8:25 am By Omar Faridi  |  

B2C2, a global firm focused on institutional liquidity for digital assets, announces it has partnered with Swissquote, the online banking and financial services provider. Developed by Swissquote, Swissquote Exchange (SQX) is “a central limit order book (CLOB) providing deep liquidity as well as a healthy… Read More

 Tagged b2c2, digital assets, europe, switzerland

May 28, 2024 @ 8:22 am By Omar Faridi  |  

Velotix, a provider of an AI-driven Data Security Platform (DSP), announces a significant investment from Barclays Bank and Capri Ventures. This investment solidifies Velotix’s position as the choice for financial institutions seeking advanced data security solutions. It underscores Velotix’s innovative “approach to securing structured and… Read More

 Tagged barclays bank, capri ventures, security, velotix

May 28, 2024 @ 8:18 am By Omar Faridi  |  

ESTO Holdings OU, an Estonian payment processor and consumer credit provider, today announced an extension of its partnership with Multitude Bank p.l.c., increasing the debt facility to a total of €20 million. This significant boost will aim to accelerate ESTO’s consistent “growth trajectory to empower… Read More

 Tagged esto holdings, estonia, funding round, payments

May 28, 2024 @ 2:09 am By Omar Faridi  |  

Invoitix AG, a logistics invoicing and financing platform, has issued a digital bond on the Obligate platform. Deployed on the Polygon PoS blockchain and denominated in EUROe, this issuance aims to refinance invoitix’s logistics invoicing activities, “further solidifying its position in the pan-European road logistics… Read More

 Tagged digital bond, digital security, financing, invoitix, logistics invoicing, obligate, switzerland

May 28, 2024 @ 1:22 am By Omar Faridi  |  

UK Finance recently released their latest fraud report. While sharing insights on this key update, the team at Lending Standards Board has provided their perspective on the findings. For background, the LSB is responsible for overseeing the CRM Code, which has reportedly been the “only… Read More

 Tagged fraud, lending standard board, lsb, uk, uk finance, united kingdom

May 28, 2024 @ 1:02 am By Omar Faridi  |  

The severity of data breach risks rose to the highest level in two years during the first quarter of 2024, increasing 31% from the same period last year. TransUnion (NYSE: TRU) unveiled its analysis of data breach trends while also introducing the company’s new identity… Read More

 Tagged data breach, digital technology, security, transunion

May 28, 2024 @ 12:19 am By Omar Faridi  |  

Sectors more exposed to AI are experiencing almost five times (4.8x) higher growth in labor productivity, according to PwC’s 2024 Global AI Jobs Barometer, released recently. The report, which analyzed “over half a billion job ads from 15 countries, suggests that AI could allow many… Read More

 Tagged ai, artificial intelligence, pwc, research