November 7, 2023 @ 1:34 pm By Omar Faridi  |  

Nearly four in five wealthy families have had unplanned discussions about wealth with 26% later regretting it, according to a new study published by the Merrill Center for Family Wealth, a part of Merrill Private Wealth Management. The research found 33% of families “increased family… Read More

 Tagged bank of america, financial services, research, Research Report, Research Study, survey, united states, us, wealth, wealth management

November 7, 2023 @ 11:52 am By JD Alois  |  

Charlotte Crosswell, Chair of the Centre for Finance, Innovation, and Technology (CFIT), has shared a comment pertaining to the King’s Speech and policy included in the presentation. This is the first time that King Charles has presided over the King’s Speech since the passing of… Read More

 Tagged cfit, charlotte crosswell, kings speech, open banking, open finance

November 7, 2023 @ 9:43 am By Omar Faridi  |  

CBInsights has released the State of Venture in LatAm Report for Q3 2023. The comprehensive report from CBInsights includes data and analysis on dealmaking, funding, and exits by private market venture companies in Latin America. According to the update, there has been a 101% jump… Read More

 Tagged cb insights, cbinsights, latam, latin america, progress report, research, Research Report, Research Study, vc funding, venture capital

November 7, 2023 @ 9:32 am By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) announced the promotion of Archie Deskus to Executive Vice President, Chief Technology Officer (CTO) of PayPal, “effective immediately.” In this role, she will reportedly “oversee PayPal’s global technology, engineering, and information organizations.” In addition to enabling PayPal’s technology strategy, priorities,… Read More

 Tagged alex chriss, digital technology, engineering, fintech adoption, new appointments, payments, paypal, paypal holdings, women changing finance

November 7, 2023 @ 7:20 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping service assistance provider, reported its latest financial results revealing “a net profit in Q3 2023.” Sebastian Siemiatkowski, CEO of Klarna said: “With a profitable quarter and continuous double digit growth, we have achieved exactly what we set… Read More

 Tagged ai, artificial intelligence, digital financial services, financial services, flexible payments, klarna, online shopping, progress report, sebastian siemiatkowski, sweden

November 6, 2023 @ 11:53 pm By Omar Faridi  |  

Singapore small business owners are dipping into their personal savings, increasing their prices, and not paying themselves to mitigate rising costs and make a profit, according to a new report from global small business platform Xero. The report titled “Money matters: navigating the impact of… Read More

 Tagged economic challenges, financial services, research, Research Report, Research Study, rising costs, singapore, small businesses, smbs, sme's, southeast asia, xero

November 6, 2023 @ 1:33 pm By Omar Faridi  |  

Visa (NYSE: V), a global payments technology company, announced the launch of the Visa Payments Learning Program designed to upskill employees, students, clients and military talent through training courses and certifications to support a sustainable and diverse talent pipeline. The initial focus of this program… Read More

 Tagged digital technology, education, fintech adoption, fintech trends, international payments, payments, professional development, upskilling, visa

November 6, 2023 @ 12:48 pm By Omar Faridi  |  

The partnership will see the National Bank of Georgia and Ripple jointly plan the execution and delivery of the pilot program using the Ripple CBDC Platform. The National Bank of Georgia (NBG) has chosen Ripple, the enterprise blockchain and crypto solutions provider, as the official… Read More

 Tagged Bank of Georgia, cbdc, cbdcs, central bank digital currencies, digital currencies, digital technology, distributed ledger technology, dlt, georgia, james wallis, national bank of georgia, Pilot Program, ripple, virtual currency

November 6, 2023 @ 12:23 pm By Tony Zerucha  |  

The American Fintech Council (AFC) has thrown its weight behind the Protecting Consumers from Unreasonable Credit Rates Act of 2023. The legislation, introduced by U.S. Senate Majority Whip Dick Durbin (D-IL) and co-sponsored by U.S. Senators Jeff Merkley (D-OR), Richard Blumenthal (D-CT), and Sheldon Whitehouse… Read More

 Tagged AFC, american fintech council, interest rates, jeff merkley, Phil Goldfeder

November 6, 2023 @ 10:19 am By Omar Faridi  |  

We recently spoke with Mindaugas Mikalajūnas, Cо-Founder and CEO of SME Finance, a Vilnius-based Fintech reinventing growth financing for small and medium enterprises (SMEs) across Europe. SME Finance aims to fill a gap left by risk-averse banks and high-cost alternative lenders. Led by Mikalajūnas with… Read More

 Tagged europe, financing, interview, lithuania, mindaugas mikalajūnas, small businesses, smbs, sme finance, sme's, vilnius