September 26, 2024 @ 9:06 am By Omar Faridi  |  

The UK economy is said to be at a crossroads with weaker than expected growth to leave less room for the Chancellor in the Autumn Budget. This, according to an update from KPMG. According to KPMG in the UK, this weaker growth is set “to… Read More

 Tagged autumn budget, economy, Research Study, uk

September 26, 2024 @ 7:53 am By Omar Faridi  |  

The European Investment Bank (EIB) is providing €220 million in financing to Nexi Group, Europe’s largest PayTech company, to support innovation in the digital payments sector. The agreement was announced in Milano “by EIB Vice-President Gelsomina Vigliotti and Nexi Group CFO Bernardo Mingrone.” Nexi will… Read More

 Tagged digital payments, eib, europe, european investment bank, nexi group

September 25, 2024 @ 7:29 pm By Omar Faridi  |  

The Reserve Bank of Australia (RBA) and Treasury released a report this past week summarising research to date on central bank digital currency (CBDC) and how this has informed the RBA and Treasury’s current assessment of CBDC issues in Australia. The report also sets out… Read More

 Tagged australia, cbdc, central bank digital currency, digital currencies, reserve bank of australia

September 25, 2024 @ 7:27 pm By Omar Faridi  |  

Priority, the payments and banking Fintech that streamlines collecting, storing, lending, and sending money to unlock revenue opportunities, has announced significant enhancements to its Passport product within its banking and treasury solutions platform. Passport integrates payments, treasury, and banking services “on a scalable, native platform…. Read More

 Tagged banking, fintech adoption, payments, priority, treasury solutions

September 25, 2024 @ 7:25 pm By Omar Faridi  |  

Desia, a system of intelligence and AI productivity for investment professionals, has successfully raised a $3.3 million pre-seed funding round led by Dig Ventures. Alongside Dig Ventures, various VCs participated in the round, “including 2100 Ventures, Vento by Exor Ventures, Octopus Ventures, Foreword Ventures, Plug… Read More

 Tagged ai, desia, dig ventures, funding round

September 25, 2024 @ 7:24 pm By Omar Faridi  |  

The Capchase SaaS Benchmark Report for 2024 has been released. Capchase notes in a new blog post that its third annual SaaS Benchmark Report is officially live. Last year’s report used data from 900 B2B SaaS companies “to define what success looks like in a… Read More

 Tagged capchase, data, insights, Research Study

September 25, 2024 @ 7:21 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced today the establishment of a Cyber and Technology Resilience Experts (CTREX) Panel. The Panel replaces MAS’ Cyber Security Advisory Panel, with an expanded mandate to “cover technology resilience which, together with cybersecurity, significantly underpins the operational resilience of… Read More

 Tagged mas, monetary authority of singapore, singapore

September 25, 2024 @ 12:34 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) intends to launch a market study into how pure protection insurance products are sold following concerns that competition is not working well in the market. The study will be launched later in 2024/25. Pure protection products are designed “to… Read More

 Tagged fca, financial conduct authority, uk, united kingdom

September 25, 2024 @ 7:44 am By Tony Zerucha  |  

Viva.com, a European payments Fintech, has expanded its strategic partnership with Alipay+, a suite of cross-border mobile payments and digitalization technology solutions, to enable European merchants to accept direct payments from 15 e-wallets. Alipay+ and Viva.com partnership allows global tourists, mostly from Asia, to pay in… Read More

 Tagged alipay, europe, Harry Xenophontos, payments, Pietro Candela, viva.com, wallets

September 25, 2024 @ 7:41 am By Michael Wong  |  

Functional Finance, a software platform transforming financial operations (FinOps) for managing general agents (MGAs), insurance companies, and wholesalers, announced the successful close of a $20 million Series A funding round. The round was led by Walkabout Ventures, with additional support from Munich Re Ventures and… Read More

 Tagged Functional Finance, Walkabout Ventures