September 21, 2024 @ 11:00 am By Omar Faridi  |  

Ontario’s financial services regulator (FSRA) and Fintech Cadence have announced a new partnership to foster fintech innovation in Ontario. This one-year partnership is supported “through FSRA’s Innovation Office.” It will empower and support fintech startups “to identify opportunities and address barriers to help them bring… Read More

 Tagged fintech adoption, fintech cadence, ontario

September 21, 2024 @ 10:36 am By Omar Faridi  |  

Digital wallets are said to be a rapidly growing online technology, which has now reportedly experienced a particular and steady growth in popularity since the COVID-19 outbreak of 2020. This, according to a comprehensive report from Juniper Research. Juniper Research noted that it is also… Read More

 Tagged digital wallets, digitalization, juniper research, technology

September 21, 2024 @ 9:59 am By Omar Faridi  |  

Carta has recently examined ownership trends in private equity: 2024. Hamza Shad, Christina Cheledinas, Janet Deng, Lucy Wang noted in the second annual Ownership Trends in Private Equity report that the update “provides a status update on the progress private equity has made toward the… Read More

 Tagged carta, research

September 20, 2024 @ 8:20 pm By Michael Wong  |  

Lighthub Asset, a Thai Fintech firm, and WeLab, a pan-Asian fintech platform, have submitted a joint application for a virtual banking license with the Bank of Thailand (BoT). The result of the application is expected in the first half of 2025, according to a statement… Read More

 Tagged banking, digital bank, Lighthub Asset, thailand, welab

September 20, 2024 @ 7:21 pm By Michael Wong  |  

A joint survey conducted by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) revealed a 14% increase in total transactions of non-exchange-traded investment products by licensed corporations (LCs) and registered institutions (RIs) in 2023. The total transaction amount reached $4,338… Read More

 Tagged hkma, hong kong, hong kong monetary authority, Online Investment Products

September 20, 2024 @ 11:58 am By Omar Faridi  |  

One in six B2B sellers (suppliers) are offering business customers over two months to pay their invoices, according to a new joint report from economic consultancy Cebr and iwoca. The report Credit Where It’s Due, commissioned by iwoca––one of Europe’s largest small business lenders––reveals the… Read More

 Tagged b2b, iwoca, payments, research, uk

September 20, 2024 @ 10:16 am By JD Alois  |  

The Payments Association has released an “investigative documentary” regarding the impact of Authorised Push Payments (APP) fraud. The project was released in partnership with Cardaq and We Fight Fraud. The documentary aims to explore how fraudsters pilfer money from the innocent. The documentary, entitled The… Read More

 Tagged app fraud, psr, the paymens association, uk, united kingdom

September 20, 2024 @ 9:57 am By Omar Faridi  |  

UK chief executives see implementing Generative AI (GenAI) as an opportunity to change the nature of work and create highly skilled workforces without reducing the number of jobs in the market, according to KPMG’s CEO Outlook survey. KPMG surveyed more than 1,300 CEOs around the… Read More

 Tagged generative ai, kpmg, research

September 20, 2024 @ 9:24 am By Omar Faridi  |  

iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, will provide its technology to HSBC Global Private Banking. The solution will be fully integrated into HSBC’s platform “to digitalize the private market investment experience for its relationship managers,… Read More

 Tagged banking, hsbc, icapital, wealth management

September 20, 2024 @ 9:02 am By JD Alois  |  

Multiple reports have claimed that Apple (NASDAQ:AAPL) has been talking to JP Morgan (NYSE:JPM), the largest bank in the US, to step in and takeover the popular Apple Card from current partner Goldman Sachs (NYSE:GS). Apple partnered with Goldman to launch the Apple Card, which… Read More

 Tagged apple, apple card, goldman sachs, jp morgan