September 19, 2023 @ 3:28 pm By Omar Faridi  |  

Three of the world’s largest financial market infrastructures (FMIs) – DTCC, Clearstream, and Euroclear – released a paper on the state of the industry’s digital asset evolution. The paper calls for increased collaboration “to progress an ecosystem that currently includes fragmented standards, varying regulatory treatment,… Read More

 Tagged clearstream, digital assets, digital technology, distributed ledger technology, dlt, dtcc, euroclear, euroclear group, financial markets, infrastructure, innovation, jennifer peve, jens hachmeister, research

September 19, 2023 @ 11:52 am By JD Alois  |  

Swift, a global financial messaging service that is used by just about everyone to transfer value, has partnered with Wise (LSE:WISE) – a stealth bank that got its start in low-cost transfers. According to a statement by Swift, the partnership will enable users to complete… Read More

 Tagged belgium, payments, steve naudé, swift, Thierry Chilosi, transfers, uk, united kingdom, wise

September 19, 2023 @ 8:15 am By Omar Faridi  |  

Gatehouse Bank, the Shariah-compliant challenger bank, has released new research demonstrating that the UK’s money mindset is shifting towards saving. The research looked at UK adults’ attitudes towards money, “assessing the key factors that influence them, why they look to save or spend their money… Read More

 Tagged banking, banking challenger, challenger bank, europe, financial services, fintech adoption, fintech trends, research, savings, sharia'h compliant, uk, united kingdom

September 19, 2023 @ 8:10 am By Omar Faridi  |  

ThinCats, an alternative lender, has agreed a new warehouse facility with Citi and Barclays Bank PLC supported by a guarantee through the British Business Bank’s ENABLE Guarantee program. This new facility supports lending of “up to £696m for mid-sized smaller businesses in the UK, making… Read More

 Tagged alternative lender, barclays, barclays bank, british business bank, citi, lending, ravi anand, reinald de monchy, thincats, uk, united kingdom, warehouse facility

September 19, 2023 @ 6:12 am By Omar Faridi  |  

The Saudi Central Bank (SAMA) licensed “Al-tizam for electronic insurance brokerage” and “Altheqa Insurance Brokers” in order to “provide insurance aggregation services (soft launch).” With Al-tizam and Altheqa, there will “be five authorized insurance aggregation companies operating in Saudi Arabia.” This decision reflects SAMA‘s endeavor… Read More

 Tagged insurance, mena, mena region, saudi arabia, saudi central bank

September 18, 2023 @ 10:11 pm By Omar Faridi  |  

Despite a challenging economic environment, 101 new businesses were created every hour across the UK in the first half of 2023, according to research by iwoca, one of Europe’s small business lenders. Analysis of Companies House data reveals “that over 436,000 businesses were registered in… Read More

 Tagged Business Expansion, europe, financial services, iwoca, london, research, seema desai, small businesses, smbs, sme's, uk, united kingdom

September 18, 2023 @ 9:52 pm By Omar Faridi  |  

Visa Inc. (NYSE: V) and Currencycloud, the firm simplifying business in a multi-currency world, announces Visa Cross-Border Solutions, formerly known as Visa Treasury as a Service, delivering cross-border money movement solutions for banks, Fintechs, FX brokers, corporates, and other payment institutions. Visa Cross-Border Solutions reportedly… Read More

 Tagged Cross-Border Transactions, currencycloud, fintech adoption, fintech trends, fx, multi-currency transactions, payment institutions, visa

September 18, 2023 @ 9:32 pm By Michael Wong  |  

The Association of Banks in Singapore (ABS) has revealed that significant retail banks in the city-state have bolstered their security protocols against malware scams, introducing enhancements and new countermeasures to adapt to the ever-evolving threat landscape. In a bid to safeguard their varied customer base… Read More

 Tagged banking, cybercrime, financial services

September 18, 2023 @ 7:32 pm By Omar Faridi  |  

LemonEdge – the platform for managing private markets fund and portfolio accounting on an API/low-code platform – are pleased to announce that Admina Fund Services has chosen it as their accounting solution. Admina Fund Services is a specialist administration service “for closed ended funds seeking… Read More

 Tagged accounting, apis, gareth hewitt, lemonedge, low-code, private markets

September 18, 2023 @ 7:16 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) and Uber Technologies, Inc. (NYSE: UBER), announced an extension of their multi-year relationship, furthering PayPal’s role as a key operational partner in Uber’s continued growth in both its core and new lines of business in markets all over the world…. Read More

 Tagged karl hébert, kurt campisano, paypal, paypal holdings, uber