November 3, 2024 @ 4:15 pm By Michael Wong  |  

Australian crowdfunding platform Equitise has entered administration after failing to secure new funding necessary to sustain its operations, according to a filing lodged with the corporate regulator seen by The Australian Financial Review. It was reported earlier this year that Equitise had lost its license… Read More

 Tagged australia, bankruptcy, equitise, new zealand

November 3, 2024 @ 4:09 pm By Michael Wong  |  

Warburg AI, a UAE-based artificial intelligence company specializing in financial services, has raised $250,000 in seed funding to accelerate the development of its AI-driven financial solutions, according to an announcement. Founded in September 2024 in Sharjah by entrepreneurs Ben Feaver, Lancelot de Brier, and Madiyar… Read More

 Tagged ai, uae, Warburg AI

November 2, 2024 @ 4:33 pm By Omar Faridi  |  

UK small business sales growth continued to slow over the last quarter (July to September), not helped by rising late payments times, according to the  Xero Small Business Insights (XSBI) data from Xero, the small business platform. As noted in the research report, this quarter,… Read More

 Tagged research, small businesses, uk, united kingdom

November 2, 2024 @ 4:23 pm By Omar Faridi  |  

The Federal Trade Commission revealed recently that it is sending more than $2.5 million to consumers who were said to be “misled” by “deceptive claims” from credit services company Credit Karma. The FTC reportedly took action against Credit Karma back in 2022, alleging that the… Read More

 Tagged credit karma, enforcement action, federal trade commission, ftc, us

November 2, 2024 @ 4:19 pm By Omar Faridi  |  

PitchBook has released its report, entitled Q4 2024 Exploring APAC’s Fintech Pathways: Part II: Southeast Asia. PitchBook has shared a deep dive into Southeast Asia’s fast-evolving fintech developments by navigating regional market nuances. According to the research study, the APAC region has many relatively strong… Read More

 Tagged china, fintech adoption, india, research, southeast asia

November 2, 2024 @ 4:13 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) announced the establishment of the Global Finance & Technology Network (GFTN), a new initiative designed to reinforce Singapore’s standing as a major global fintech hub while promoting international connectivity for impactful financial innovation. The GFTN aims to build on… Read More

 Tagged GFTN, Global Finance & Technology Network, mas, singapore

November 2, 2024 @ 5:26 am By Michael Wong  |  

NYSE-listed global Fintech player Broadridge Financial Solutions, Inc. has finalized its acquisition of Kyndryl’s Securities Industry Services (SIS) platform, a move aimed at strengthening its position in the Canadian financial services market. The SIS platform, known for providing wealth management and capital markets software solutions,… Read More

 Tagged acquisition, Broadridge Financial Solution, financial services, fintech, Kyndryl

November 1, 2024 @ 5:44 pm By Tony Zerucha  |  

According to a global survey of Open Banking, 90% of companies are considering U.S. expansion following the finalization of new regulations this week. That is among the findings in The Transatlantic Index USA, a report released by Open Banking Excellence (OBE). The publication features insights… Read More

 Tagged cfpb, Figen Ceceli, helen child, open banking, Open Banking Excellence, oxford university, Pinar Ozcan, uk, united kingdom

November 1, 2024 @ 4:53 pm By Tony Zerucha  |  

Fintel Connect, a provider of growth marketing solutions for the financial industry, has launched Fintel Check for BaaS, an automated, cost-accessible fintech partner monitoring tool designed for Banking-as-a-Service (BaaS) sponsor banks and middleware providers. With Fintel Check for BaaS, BaaS banks will have access to… Read More

 Tagged fintel connect

November 1, 2024 @ 4:45 pm By Tony Zerucha  |  

This week, LexisNexis Risk Solutions unveiled the findings of its inaugural Global Consumer Lending Confidence Report. The study, conducted by Datos Insights, reveals that as visibility into consumer risk provided by traditional credit data shifts, financial institutions worldwide are expanding their use of alternative data… Read More

 Tagged alternative credit data, Kevin King, Lexis Nexis