April 1, 2024 @ 10:41 pm By Omar Faridi  |  

Startups operating in the MENA region have reportedly secured over $250 million in capital during March 2024, according to an update shared by local sources. To be precise, MENA startups acquired $254 million across 54 different deals, which is up considerably by 186% MoM from… Read More

 Tagged mena, research, saas, startups

April 1, 2024 @ 6:56 pm By Omar Faridi  |  

The U.S. transition to a T+1 settlement cycle is two months away, and market participants are continuing preparations as the May 28, 2024, implementation date approaches. Many firms continue to focus “on enhancing operational efficiencies, including the achievement of same-day affirmation.” DTCC analysis shows that… Read More

 Tagged digital technology, dtcc, t+1 settlement, united states

April 1, 2024 @ 6:48 pm By Omar Faridi  |  

Given the scope of payments being made on a global scale, with each country and region having its own respective payment rails, embedded finance companies have stepped up to enable seamless interoperability between payment rails. This, according to an update shared by the team at… Read More

 Tagged embedded finance, insights, juniper research, research

April 1, 2024 @ 12:35 pm By Omar Faridi  |  

SIX announced that it had acquired a majority stake in FactEntry, a global provider of fixed-income reference data, analytics, and solutions for financial market participants. SIX is the the stock exchange of Switzerland. This strategic acquisition significantly enhances SIX’s data offering and aligns “with its… Read More

 Tagged acquisition, factentry, six, switzerland

April 1, 2024 @ 12:33 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the world’s largest digital financial services platforms, reportedly ranks among the most valuable brands in Brazil. The Kantar BrandZ 2024 ranking places Nubank in fifth position, “a 28% increase compared to the previous ranking in 2022.” Juliana… Read More

 Tagged banking, brazil, digital banking, latam, latin america, nubank

April 1, 2024 @ 12:31 pm By Omar Faridi  |  

U.S. retail bank customers are losing faith in their bank, and customer attrition is a concern. According to the J.D. Power 2024 U.S. Retail Banking Satisfaction Study, released recently, consumer trust in retail banks “has declined significantly during the past two years, with unexpected fees,… Read More

 Tagged banking, consumer behavior, jdpower, research

April 1, 2024 @ 10:13 am By Omar Faridi  |  

A report by professional services firm KPMG has revealed that 115 Scottish firms received over £359 million worth of Venture Capital (VC) investment after being identified as the most promising throughout 2023. The Venture Pulse Survey showed that there was “a marked decline in global… Read More

 Tagged research, scotland, uk, united kingdom, venture capital

April 1, 2024 @ 9:31 am By Omar Faridi  |  

Krishna Vishnubhotla at Zimperium – a provider of mobile security, highlights crucial differences between mobile banking fraud and mobile banking scams. The convenience of managing our finances on the go has streambed the way we handle our money. We live in an era where mobile has… Read More

 Tagged fraud, interview, krishna vishnubhotla, scams, zimperium

April 1, 2024 @ 8:58 am By Tony Zerucha  |  

Intuit QuickBooks launched the QuickBooks Line of Credit this week. It gives small businesses a new way to access funding from $1,000 to $50,000 through loans issued by WebBank. QuickBooks said the new product is uniquely designed to provide business owners with the ability to… Read More

 Tagged credit line, David Hahn, online lending, QucikBooks, webbank

April 1, 2024 @ 8:55 am By Omar Faridi  |  

Form3, the cloud-native account-to-account platform, launches a new, innovative authorised push payment fraud (APP fraud) prevention solution, powered by Feedzai, the firm focused on anti-fraud and financial crime software. The new product is the first solution, “built using fully supervised machine learning, to leverage collaborative… Read More

 Tagged feedzai, financial crime, form3, fraud prevention, uk, united kingdom