January 9, 2024 @ 8:14 am By Omar Faridi  |  

Financing a new business can be one of the biggest hurdles entrepreneurs face, according to an update shared by UK’s Starling Bank. Some 85% of UK startups launched in the last three years “have relied on the founder’s personal capital as the initial source of… Read More

 Tagged banking, europe, financing, fintech adoption, fintech trends, funding, insights, research, Research Study, starling, starling bank, startups, uk, united kingdom

January 8, 2024 @ 11:22 pm By JD Alois  |  

The Financial Technology Association (FTA) has posted a comment letter criticizing the Consumer Financial Protection Bureau (CFPB) and a proposed rule on digital payments. The FTA represents the interests of big Fintech firms like Stripe, Wise, Block, and others. The CFPB announced the proposed rule… Read More

 Tagged cfpb, consumer financial protection bureau, financial technology association, fta, payments, penny lee

January 8, 2024 @ 10:31 pm By Omar Faridi  |  

CME Group, which claims to be one of the leading derivatives marketplaces, reported its full-year, Q4 and December 2023 market statistics, “showing it reached a record average daily volume (ADV) of 24.4 million contracts during the year, an increase of 5% over 2022.” Q4 ADV… Read More

 Tagged cme, cme group

January 8, 2024 @ 7:10 pm By Michael Wong  |  

The Fintech sector in India experienced a significant decrease in funding in 2023, securing only $2 billion, a sharp decline of 63% and 76% from 2022 and 2021, respectively, according to a report by Tracxn. In comparison, the sector raised $5.4 billion in 2022 and… Read More

 Tagged india, tracxn, venture capital

January 8, 2024 @ 7:08 pm By Omar Faridi  |  

Maalexi, the UAE-based dynamic risk management platform for SME agri-businesses, announces its completion of a $3 million pre-Series A fund raise. The investment round was reportedly “led exclusively by Global Ventures – MENA’s venture capital firm – which joins existing venture capital investors Rockstart (Amsterdam)… Read More

 Tagged maalexi, mena, middle east, sme's, uae, united arab emirates

January 8, 2024 @ 10:18 am By Omar Faridi  |  

Brian Muse-McKenney, CRO of Episode Six, says that despite the volatility, especially amid the bank collapses earlier in the year, the industry has continued to undergo a radical shift. He explains “that this is because consumer preferences continue to gravitate toward digital transactions.” According to… Read More

 Tagged banking, Brian Muse-McKenney, episode six

January 8, 2024 @ 9:38 am By Omar Faridi  |  

The property industry has reacted to the latest mortgage approval data from the Bank of England. The latest figures show that mortgage approvals for November 2023 sit “at 50,067, up from 47,888 in October.” According to an update shared with CI, this marks “a YoY… Read More

 Tagged bank of england, mortgages, perspective, property market, uk, united kingdom

January 8, 2024 @ 8:41 am By Omar Faridi  |  

Everything that Plaid is building together is part of a “bigger picture” which includes helping millions find financial freedom. As Plaid and its team prepares for 2024, they’ve taken a look back at what they consider to be the year’s biggest highlights and what they’ve… Read More

 Tagged open banking, outlook 2024, plaid

January 8, 2024 @ 8:21 am By Tony Zerucha  |  

The United Kingdom’s Financial Conduct Authority (FCA) has imposed fines on three money transfer firms after they admitted to fixing prices charged to consumers in Glasgow, Scotland. Dollar East (International Travel & Money Transfer) Ltd; Hafiz Bros Travel & Money Transfer Limited; and LCC Trans-Sending… Read More

 Tagged enforcement, fca, uk, united kingdom

January 8, 2024 @ 8:18 am By Omar Faridi  |  

Global Fintech Airwallex has reportedly announced the appointment of Nadav Tamam in order to spearhead its enterprise business focused on Israel and the Middle East region. As reported by news outlets focused on Israel, Tamam has prior experience working at firms like Google as well… Read More

 Tagged airwallex, israel, mena, middle east, nadav tamam, payments