October 23, 2023 @ 10:43 pm By Omar Faridi  |  

The scale of Christmas / holiday spending cutbacks due to the cost of living is highlighted in new research from KPMG UK – which shows consumer intention “to cut back on buying gifts, groceries and socializing.” Over 2600 UK consumers were surveyed for KPMG –… Read More

 Tagged consumer behavior, consumer spending, cost of living crisis, europe, kpmg, kpmg uk, research, spending, spending patterns, survey, uk, united kingdom

October 23, 2023 @ 10:39 pm By Omar Faridi  |  

Nucleus Financial Platforms, one of the UK’s independent adviser platform groups, explains the impact of today’s inflation figures “on triple lock calculations for state pensions from April 2024 and calls for a sensible discussion around the future of the triple lock and the state pension… Read More

 Tagged europe, inflation, insights, nucleus, nucleus financial platforms, pensions, perspective, uk, united kingdom

October 23, 2023 @ 9:32 pm By Omar Faridi  |  

It’s been several years since financial services upstarts reimagined buy now pay later (BNPL) as a point-of-sale (POS) payment method. Since then, this once-obscure way of transacting has “been placed front and center at the checkout by merchants worldwide, and 28% of U.S. consumers now… Read More

 Tagged bnpl, buy now pay later, digital transactions, financial services, fintech adoption, fintech trends, flexible payments, J.D. Power, jdpower, pay later, payments, pos, reserach

October 23, 2023 @ 8:48 pm By Omar Faridi  |  

Ubank’s CEO Philippa Watson and Head of Product for Everyday Banking, Andy Wright recently shared key insights at the 10th annual Australian FinTech Summit. In a discussion during the 10th annual FinTech Summit, ubank’s CEO Philippa Watson shed light on how ubank is “redefining customer… Read More

 Tagged australia, banking, digital banking, financial services, fintech adoption, fintech trends, perspective, philippa watson, ubank, virtual bank

October 23, 2023 @ 8:38 pm By Omar Faridi  |  

Even as the initial hype around AI-specific stocks cools off, investors are still buying into the technology as a market-driver. New data from the latest Retail Investor Beat survey from trading and investment platform eToro finds “that one in four (26%) American investors consider digital… Read More

 Tagged ai, data, digital transformation, digitalization, etoro, insights, investment platform, investments, investor preferences, research, survey, trading, united states, us, virtual reality, vr

October 23, 2023 @ 8:27 pm By Omar Faridi  |  

A Fintech as a Service provider selects Onfido for its AI-powered digital identity solution to streamline and secure customer onboarding. Onfido, the global firm focused on automated identity verification, announced a partnership with wearonize, the international payment service provider, in order “to enhance customer digital… Read More

 Tagged ai, artificial intelligence, digital identity, digital onboarding, fintech as a service, id verification, identity, onfido, regtech, regulatory technology, verification

October 23, 2023 @ 7:22 pm By JD Alois  |  

Silicon Valley Bank became emblematic of the problems with the banking industry. As the US Federal Reserve increased benchmark rates at an unprecedented speed, SVB did not adjust rapidly enough and found a huge hole in its balance sheet. Debt securities have an inverse relationship… Read More

 Tagged silicon valley bank, svb

October 23, 2023 @ 4:47 pm By JD Alois  |  

FV Bank says it has launched custody money market accounts for qualified customers. FV Bank is a digital bank that is based in Puerto Rico and regulated by the Office of the Commissioner of Financial Institutions (OCIF),  The bank is allowed to offer deposit-taking, custody,… Read More

 Tagged digital bank, fv bank, miles paschini, puerto rico

October 23, 2023 @ 2:26 pm By Omar Faridi  |  

Procurify, the all-in-one spend management solution for mid-market organizations, has raised $50 million USD in a Series C funding round led by Ten Coves Capital, with co-investment “from Export Development Canada (EDC) and participation from existing investors including Information Venture Partners and HarbourVest, et al.”… Read More

 Tagged export development canada, Fintech funding, information venture partners, investment round, procurify, spend management, ten coves capital

October 23, 2023 @ 1:46 pm By Omar Faridi  |  

Moonfare has appointed Dr. Lorenz Jüngling, currently managing director, chief operating officer, and chief financial officer, “as Co-CEO, alongside Moonfare founder, chairman and current CEO Dr. Steffen Pauls. Jüngling, a Ph.D. material scientist and physicist by training, currently oversees Moonfare’s R&D, finance, operations and compliance… Read More

 Tagged berlin, europe, financial services, fintech adoption, fintech trends, germany, moonfare, new appointments