November 29, 2024 @ 1:33 pm By Omar Faridi  |  

The UK’s Competition and Markets Authority (CMA) letter to Monzo focuses on issues related to the digital bank allegedly breaching Parts 3, 7, 8 and 12 of the Retail Banking Order. CMA finds breaches of Parts 3, 7, 8 and 12 of the Retail Banking… Read More

 Tagged cma, competition and markets authority, digital bank, monzo, uk, united kingdom

November 29, 2024 @ 1:14 pm By Omar Faridi  |  

Min Teo, Managing partner and co-founder at Ethereal Ventures (previously investments at Consensys) noted that they are pleased to be working with the team at Bleap App. Bleap enables users to connect their Web3 wallet to their pre-paid debit card with a “seamless” mobile-first neobank… Read More

 Tagged bleap, digital wallets, funding round, non-custodial wallets, Web3

November 29, 2024 @ 1:03 pm By Omar Faridi  |  

Labor violations, unlawful money lending, consumer protection violations and cybercrime are becoming as common as “bloated waistlines,” and “unwanted presents” during the holiday season as recorded instances across these categories surge in the last three months of the year. This, according to historical analysis by… Read More

 Tagged afraud, financial crimes, lseg, lseg risk intelligence, research

November 29, 2024 @ 8:41 am By Omar Faridi  |  

Global fintech SumUp, which claims to be one of the fastest-growing fintech companies, has achieved a key milestone by reportedly processing more than 1 billion transactions on an annual basis. The milestone is said to mark a significant moment in the company’s journey of helping… Read More

 Tagged fintech adoption, sumup

November 29, 2024 @ 8:33 am By Omar Faridi  |  

Investment platform Lightyear announces that it received direct authorization from the Financial Conduct Authority (FCA) earlier this year, and will be relaunching for consumers and businesses in the UK, with FSCS protection, ISAs and more. Lightyear has been regulated in the UK as an appointed… Read More

 Tagged fca, lightyear, uk, united kingdom

November 28, 2024 @ 1:40 pm By Omar Faridi  |  

Commonwealth Bank of Australia (CBA) has outlined how artificial intelligence is helping to transform the experiences it delivers to its 10 million-plus customers. At a key update in Sydney, the CBA reportedly showcased the role technology and AI are playing in delivering a number of… Read More

 Tagged artificial intelligence, australia, banking, CBA, Customer Experience, Gen AI

November 28, 2024 @ 12:13 pm By Omar Faridi  |  

Solidgate — a payment processing platform that offers orchestration and acquiring capabilities —announced the launch of its Tax Compliance Platform, a solution designed to simplify VAT and sales tax management for digital businesses. Offering an alternative to outdated tax management tools, this new platform eliminates… Read More

 Tagged payments, Solidgate, tax, taxes

November 28, 2024 @ 11:16 am By Omar Faridi  |  

BME, a SIX Company, announced its investment in OpenBrick, a digital platform for the issuance, management, trading, and settlement of tokenized securities linked to real estate projects. Six Group operates the Swiss Stock Exchange. Grupo Lar, Renta 4 Banco, and ioBuilders established the firm, which welcomes BME, Garrigues, and Teras Capital as partners. OpenBrick… Read More

 Tagged bme, openbrick, real estate, sdx, switzerland, tokenized securities

November 28, 2024 @ 10:05 am By Omar Faridi  |  

Scottish Equity Partners (SEP), a UK based growth equity investor, announced a growth investment in Springtime Technologies, an accounts payable automation software company operating in Vienna, Austria. The investment from SEP will now aim to accelerate Springtime’s product development and expand its market presence. Springtime’s… Read More

 Tagged austria, investments, scottish equity partners, springtime technologies, uk, united kingdom

November 28, 2024 @ 9:38 am By Omar Faridi  |  

Moving funds between nations has become an everyday task for businesses that want to expand operations and are always looking for solutions that allow them to connect with other markets and send funds in an efficient manner. This, according to an update from Bitso. Last… Read More

 Tagged bitso, blindpay, latin america, payments