January 9, 2025 @ 10:45 am By JD Alois  |  

EU instant payment rules are going into effect. An X by the Financial Stability Financial Services and Capital Markets Union Directorate noted the rollout today, stating: “Today our instant payments rules will gradually start to come into effect, allowing you to receive money in seconds… Read More

 Tagged EU, payments

January 9, 2025 @ 8:30 am By Omar Faridi  |  

As US consumers had prepared to spend an estimated $18.5 billion on BNPL services this holiday, banks had faced a crucial challenge: how can they offer flexible lending without contributing to worsening debt cycles? With over 10 years of experience in the Fintech world, and… Read More

 Tagged credit, interview, online lending, the jifiti group, yaacov martin

January 9, 2025 @ 8:26 am By Omar Faridi  |  

Confidence in retirement prospects among Brits surged in 2024, according to PensionBee’s Pension Confidence Index highlighting a “substantial” shift in public sentiment. The Pension Confidence Indicator jumped from -10 in December 2023 to +29 in December 2024 reflecting “growing optimism overall about financial futures.” But the data… Read More

 Tagged pensionbee, pensions, research, retirement, savings, uk, united kingdom

January 8, 2025 @ 11:48 pm By Tony Zerucha  |  

2024 saw significant developments in AI, data management, and performance tools. Other World Computing founder and CEO Larry O’Connor believes progress will continue in 2025. Here are his predictions for 2025. The return of on-prem data, compute, and backup to improve performance, strengthen security, and… Read More

 Tagged cloud, Larry O'Connor, Other World Computing

January 8, 2025 @ 8:06 pm By Omar Faridi  |  

Maybank announced that it launched a counter-fraud security feature on the MAE App called Money Lock, which allows customers to lock funds in the savings or current accounts of their choice from “being digitally accessed, keeping the funds safe from online scammers.” With this added… Read More

 Tagged digital financial services, fraud protection, malaysia, maybank, scams, southeast asia

January 8, 2025 @ 7:58 pm By Omar Faridi  |  

Alchemy Pay, the crypto solutions provider, is pleased to announce that its entity, Alchemy Pay Ltd. has successfully registered as a Money Services Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This achievement, along with the recent acquisition of 4… Read More

 Tagged alchemy pay, canada, payments

January 8, 2025 @ 7:38 pm By Omar Faridi  |  

Assetz Capital has announced the launch of 9.35%+ development finance rates via a renewed partnership with Brickflow – the digital marketplace for specialist property finance. Brickflow’s interface with advanced search and application capabilities helps brokers quickly and clearly “identify the best funding options for bridging,… Read More

 Tagged assetz capital, brickflow, development finance, digital marketplace, uk

January 8, 2025 @ 11:51 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has sued Experian (LSE:EXP) – a firm best known for its credit reports. The CFPB claims that Experien “does not take sufficient steps to intake, process, investigate, and notify consumers about consumer disputes, resulting in incorrect information on consumer… Read More

 Tagged cfpb, credit reporting, enforcement, experian

January 8, 2025 @ 8:09 am By Omar Faridi  |  

Elite, a provider of financial management and business operations solutions to the world’s law firms, announced its acquisition of Tranch, a B2B invoice automation and payments platform offering invoice management and payment options for law firms and their clients. Established back in 2021 by Philip… Read More

 Tagged acquisition, b2b, elite, financial management, invoice management, law firms, tranch

January 8, 2025 @ 7:08 am By Omar Faridi  |  

Tietoevry Banking, the provider of financial software solutions, is  announcing that it has registered with the European Payments Council as a provider of Routing and Verification Mechanisms (RVM) for Verification of Payee (VoP) solutions. Through a partnership with Movitz Payments, this will reportedly include confirmation… Read More

 Tagged european payments council, financial software, tietoevry banking, verification of payee