September 15, 2024 @ 4:36 pm By Omar Faridi  |  

The KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, signalled a softening of UK labour market conditions during August. Latest data showed that permanent placements “continued to fall, and at an accelerated pace, amid reports of reduced demand amongst companies for… Read More

 Tagged insights, jobs report, research, uk, united kingdom

September 15, 2024 @ 4:33 pm By Omar Faridi  |  

Mastercard (NYSE: MA) expanded its cybersecurity services with an agreement to acquire global threat intelligence company Recorded Future from Insight Partners for $2.65 billion. The acquisition bolsters the insights and intelligence used “to secure today’s digital economy – in the payments ecosystem and beyond.” Recorded… Read More

 Tagged cybersecurity, insight partners, mastercard, recorded future

September 14, 2024 @ 5:00 pm By Omar Faridi  |  

BCB, Brazil’s central bank, says that it is now focused on accelerating the introduction of AI into its business processes. BCB notes in a recent announcement that this will aim to serve as “a new Center of Excellence will serve as a community of practice… Read More

 Tagged ai, ai adopton, bcb, brazil, latam

September 14, 2024 @ 4:54 pm By Michael Wong  |  

Singapore-based Fintech group M-DAQ Global Pte. Ltd. has launched its Wallex cross-border foreign exchange (FX) and payment solution in Malaysia, following its acquisition of B2B payments service provider Easy Pay Transfers Sdn. Bhd. The launch of Wallex marks the expansion of M-DAQ’s footprint in the… Read More

 Tagged M-DAQ, malaysia, singapore, Wallex

September 14, 2024 @ 4:52 pm By Omar Faridi  |  

Ultravioleta, Nubank’s (NYSE: NU) high-income customer experience, launches today a series of Bank Deposit Certificates (CDBs, from the acronym in Portuguese) with more competitive yield rates than those already available in the app. According to the website, Ultraviliot card cashback may grow at twice the… Read More

 Tagged banking, brazil, digital bank, nubank, ultravioleta

September 14, 2024 @ 4:48 pm By Tony Zerucha  |  

This week, SoFi (NASDAQ:SOFI) subsidiary Galileo Financial Technologies unveiled Galileo Instant Verification Engine (GIVE) and Transaction Risk GScore, its two newest fraud-fighting tools. As digital transactions surge and cyber threats evolve, these tools offer fintechs, financial institutions and businesses advanced real-time fraud detection and risk… Read More

 Tagged david feuer, fraud, galileo, Galileo Instant Verification Engine, sofi

September 14, 2024 @ 1:04 pm By Omar Faridi  |  

In a bid to become the world’s first global neobank for digital nomads, bunq announces plans to grow its global headcount by 70% by the end of 2024. This move comes as 40 million people globally are choosing “location-independent careers.” In order to fulfill its… Read More

 Tagged bunq, Business Expansion, fintech adoption, neobank

September 14, 2024 @ 12:49 pm By Michael Wong  |  

Shanghai has unveiled an ambitious action plan to position itself as a global Fintech hub, with 31 measures aimed at upgrading the city’s financial technology landscape over the next three to five years. The action plan, released by the municipal government on Friday, outlines a… Read More

 Tagged cbdc, china, digital yuan, fintech hub, shanghai

September 14, 2024 @ 12:47 pm By Omar Faridi  |  

Betterment, which claims to be one of the largest independent digital financial advisors, has recently announced that Betterment for Advisors, its RIA custody division, has changed its name to Betterment Advisor Solutions to “better reflect the breadth of products and services it offers.” Betterment Advisor… Read More

 Tagged betterment, custody, ria

September 14, 2024 @ 12:46 pm By Omar Faridi  |  

The Lending Standards Board (LSB) has strengthened provisions on personal guarantees within the Standards of Lending Practice for business customers. The changes will help ensure lenders are clear “with guarantors about what they are signing up to, and help avoid situations where a guarantor is… Read More

 Tagged europe, lending standards board, lsb, uk, united kingdom