May 27, 2024 @ 9:58 pm By Omar Faridi  |  

As fraudsters seek new ways to exploit technology, Mastercard (NYSE: MA) is using generative AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing the ecosystem. Fraudsters steal millions of payment card numbers “through spyware, malware, and… Read More

 Tagged mastercard

May 27, 2024 @ 9:57 pm By Omar Faridi  |  

SilverRock Bank recently announced the granting of its banking authorization with restrictions by the Prudential Regulation Authority after the completion of a £50m investment round. SilverRock’s business model and overall strategy is mainly said to be built to partner with non-bank and other lenders to… Read More

 Tagged banking, silverrock bank, uk, united kingdom

May 27, 2024 @ 5:16 pm By Omar Faridi  |  

UK digital bank Starling might reach a valuation of nearly £10 billion within the coming years as it introduces its banking software internationally for competitive fees. This, according to one of its key investors. Investment trust Chrysalis, which is reportedly Starling’s second-largest investor, told the… Read More

 Tagged digital bank, starling bank, uk, united kingdom

May 27, 2024 @ 2:18 pm By Omar Faridi  |  

Contactless payments acceptance technology makes it easier for Canadian businesses to get started and create new ways to sell. Square has recently launched Tap to Pay on iPhone in Canada, allowing Square sellers to be among the first businesses in the country to try the… Read More

 Tagged iphone, square, tap to pay

May 26, 2024 @ 10:45 pm By Omar Faridi  |  

Wealth platform Lightyear is announcing the launch of its high interest Vaults. These will reportedly be paying UK savers 5.19% AER – which is said to be “the highest rate currently available out of all flexible interest-earning products with no strings attached in the UK.”… Read More

 Tagged europe, investing, lightyear, wealth management

May 26, 2024 @ 8:47 pm By Michael Wong  |  

Colendi, a digital banking startup based in Turkey, has successfully raised $65 million in a Series B funding round, marking a significant milestone for the country’s fintech sector as it enters 2024 with strong momentum. This funding round has propelled Colendi’s valuation to an impressive… Read More

 Tagged banking, colendi, Colendi Bank, digital bank, funding round, turkey

May 26, 2024 @ 8:15 pm By Omar Faridi  |  

Alto, an alternative asset platform that enables individuals to invest in alternative assets using both retirement and non-retirement funds, has launched Alto Marketplace, a new part of the Alto platform dedicated “to curating private alternative investment opportunities for eligible investors.” The offerings on Alto Marketplace… Read More

 Tagged alternative investments, alto, alto marketplace, investing

May 26, 2024 @ 7:43 pm By Michael Wong  |  

Aeon Bank (M) Bhd officially launched its digital bank on Sunday, marking a historic milestone as Malaysia’s first Islamic digital bank. The launch aims to provide comprehensive, shariah-compliant digital banking solutions to all Malaysians. At the press conference held during the public launch ceremony, Chief… Read More

 Tagged Aeon Bank, digital bank, fintech, malaysia

May 26, 2024 @ 7:18 pm By Omar Faridi  |  

Younger Australians in their mid-to-late-twenties have pulled back on spending more than any other age group, while those over 65 continue to spend above the rate of inflation, according to the latest CommBank iQ Cost of Living Insights Report. Those aged 25-29 have reduced “spending… Read More

 Tagged australia, cost of living, financial stress, research

May 26, 2024 @ 5:27 pm By Tony Zerucha  |  

This week, Marqeta welcomed the recent Consumer Financial Protection Bureau (CFPB) rule on BNPL providers. In a statement, Marqeta said it appreciates the agency’s efforts to promote consistent consumer protection standards, including for BNPL. “As BNPL providers reach greater levels of mainstream adoption, industry standardization… Read More

 Tagged bnpl, cfpb, marqeta