India: Fintech Major Paytm Overhauls Leadership, Names New Execs

Indian fintech giant Paytm has announced significant changes to its executive team following the resignation of its Chief Operating Officer (COO), Bhavesh Gupta. Gupta stepped down citing personal reasons, according to a statement released by Paytm’s parent company, One 97 Communications Ltd. His departure comes… Read More

BBVA Proposes to Banco Sabadell to Merge Both Firms to Establish European Banking Entity

BBVA proposes that Banco Sabadell merge both entities to create a European financial service provider. In a letter addressed to the Board of Directors of Banco Sabadell, BBVA emphasizes that the combination of both entities “would give rise to the most attractive industrial project in… Read More

Volta Unveils Multi-Signature Platform, Secures $4.1m Seed Funding

Digital asset firm Volta has unveiled its latest innovation, the Volta Circuit platform, which secured $4.1 million in seed funding from Fika Ventures and Haven Ventures. Volta Circuit distinguishes itself by being a non-custodial, multi-signature platform that promises the fastest, easiest, and most secure method… Read More

Financial Services and Insurance Firms Continue to Leverage AI to Enhance Operations – Research Study

CBInsights says that they mined earnings calls, analyzed business relationships, and dug into investments and acquisitions in order to survey the AI [artificial intelligence] activities of some of the world’s largest companies across industries. For many of the world’s largest companies, AI simply can’t be… Read More

CME Group Reports Double-Digit Trading Volume Growth Across All Asset Classes

CME Group, the derivatives marketplace, reported its April 2024 market statistics set a new average daily volume (ADV) record of 26.5 million contracts for the month, up 33% from April 2023, with double-digit growth across all asset classes. Additionally, interest rate, equity index, foreign exchange… Read More

Feedzai Names David Larson CFO

Feedzai, a provider of anti-fraud and financial crime software, this week appointed David Larson as its new chief financial officer. Founded in 2011, Feedzai’s RiskOps platform protects approximately one billion people, analyzing more than $6 trillion in payments at 3,000 transactions per second to prevent… Read More

Dubai Financial Market and SIX to Enable Global Financial Growth and Broaden Market Accessibility

The Dubai Financial Market (DFM) and SIX, the Swiss Financial Market Infrastructure Group, announced today the signing of a collaboration agreement during the second edition of the Capital Market Summit. The partnership underscores a shared commitment to exploring and implementing collaborative initiatives “aimed at fostering… Read More

Majority of US SMBs Expect Revenue Growth in 2024, Research Report Claims

A majority of small and mid-sized business owners expect their revenues to increase this year, and their worries over a recession have declined substantially, according to the 2024 Bank of America Business Owner Report, conducted in partnership with Bank of America Institute (NYSE: BAC). While… Read More

MoonPay Now Allows Users to Acquire and Sell Digital Assets via PayPal

MoonPay now lets users buy and sell crypto funded by PayPal (NASDAQ: PYPL). MoonPay’s integration with PayPal reportedly “offers a seamless fiat-to-crypto experience for all PayPal users in the U.S.” MoonPay, the Web3 infrastructure company, has recently announced a collaboration with PayPal that allows MoonPay… Read More

ColCap UK and Molo Complete £300M Securitization

ColCap Financial UK Limited and Molo Tech Limited have completed their first securitization, ‘Molossus BTL 2024-1’. The securitization totals £300 million of prime UK buy-to-let mortgage loans “in England and Wales.” It is a Residential Mortgage-Backed Security (RMBS) transaction. ColCap is a privately-owned, Australian non-bank… Read More

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