October 1, 2024 @ 9:56 am By Omar Faridi  |  

UK business confidence dipped to a three-month low in September, the Lloyds Bank Business Barometer has found. The survey, which ran from 2nd – 16th September, revealed that overall UK business confidence fell three points to 47%, its lowest for three months, but remained higher… Read More

 Tagged business confidence, insights, lloyds bank, research, uk

October 1, 2024 @ 8:28 am By Omar Faridi  |  

European Payments Initiative (EPI), a European entity claiming to be focused on offering a sovereign payment alternative to all consumers in the region, announced the launch of Wero. The European instant account-to-account payment solution will be available to French customers of BNP Paribas, Groupe BPCE,… Read More

 Tagged epi, europe, european payments initiative, payments, wero

September 30, 2024 @ 9:15 pm By Michael Wong  |  

Lendistry, a minority-led fintech and Community Development Financial Institution (CDFI), announced today it has received a $5 million investment from City National Bank. The capital injection aims to expand the provision of individual loans under $100,000 to support the rapidly growing small business sector in… Read More

 Tagged california, City National Bank, fintech, lendistry

September 30, 2024 @ 9:12 pm By Omar Faridi  |  

Dante Disparte, Chief Strategy Officer; Head, Global Policy, Circle Internet Financial, notes that with the emergence of fast-evolving fintechs, regulators have sought ways to keep pace with their activities and technologies, “not only in the spirit of leveling the playing field, but also to keep… Read More

 Tagged circle, dante disparte, fintech adoption, fintech regulations, sandbox

September 30, 2024 @ 9:09 pm By Omar Faridi  |  

Fintech firm TrueLayer recently shared its FY2023 report. TrueLayer has reported £12 million of revenue and £55 million in total losses for this financial period. Truelayer is Europe’s open banking network, enabling service providers to onboard users, accept money and carry out payouts within a… Read More

 Tagged digital financial services, open banking, progress report, truelayer, uk

September 30, 2024 @ 9:08 pm By Omar Faridi  |  

LiveFlow has reportedly raised a $13.5 million Series A round in order to modernize accounting and inspire the next generation of accountants. Lasse Kalkar, CEO, LiveFlow noted that the accounting industry is undoubtedly facing major challenges, with “one of the most pressing being a severe… Read More

 Tagged digital financial services, fintech adoption, funding round, liveflow

September 30, 2024 @ 9:06 pm By Omar Faridi  |  

Nexo, the institution for digital assets, today announced its strategic membership in the Colombia Fintech Association. This move comes as Nexo experiences “a 73% surge in local clients, using Nexo’s crypto-yield products, underlining the company’s significant expansion into Colombia‘s flourishing crypto market.” Nexo’s membership in… Read More

 Tagged colombia, digital assets, fintech association, nexo

September 30, 2024 @ 3:58 pm By Michael Wong  |  

Alipay+, the cross-border mobile payment solution operated by Ant International, has significantly expanded its presence in Nepal by partnering with Himalayan Bank, a major local bank. This collaboration introduces over ten new payment partners, enabling Alipay+ to be accepted at more than 25,000 merchants across… Read More

 Tagged alipay, Himalayan Bank, NepalPay QR

September 30, 2024 @ 3:54 pm By Omar Faridi  |  

Rohit Chopra, the Consumer Financial Protection Bureau (CFPB) Director, issued this past week a statement on the US Justice Department’s Lawsuit Against Visa (NYSE:V). CFPB Director Rohit Chopra has highlighted key points regarding the U.S. Department of Justice’s lawsuit against Visa, the payment network conglomerate…. Read More

 Tagged cfpb, justice department, rohit chopra, visa

September 30, 2024 @ 1:05 pm By Tony Zerucha  |  

This past week Visa (NYSE: V) announced it has signed a definitive agreement to acquire Featurespace, a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payment fraud and financial crime risks. Visa said the acquisition of Featurespace will complement and… Read More

 Tagged Antony Cahill, dave excell, featurespace, visa