August 6, 2024 @ 11:01 am By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), one of the nation’s neobanks, reported its financial results for the second quarter ended June 30, 2024. Jason Wilk, Founder and CEO of Dave, said: “2024 continues to show impressive results as we exceeded growth and profitability expectations again in the… Read More

 Tagged dave, financial services, neobank, us

August 6, 2024 @ 10:50 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has issued an update on the development of digital banking or “virtual banks” (VB) in Hong Kong. The HKMA states that the establishment of regulated digital banking has achieved its three stated goals: promoting Fintech and innovation, creating a… Read More

 Tagged banking, digital bank, hkma, hong kong, virtual bank

August 6, 2024 @ 7:07 am By Omar Faridi  |  

In the world of fintech and accounting, some partnerships are built on shared vision and innovation. That’s the case with VEDA, a firm focused on tech accounting, and the innovative spend management platform at Payhawk. It started with a chance meeting. Danny from VEDA Accounting… Read More

 Tagged accounting, EU, europe, fintech adoption, payhawk, veda

August 6, 2024 @ 7:05 am By Omar Faridi  |  

The 2025 Fintech Pledge has successfully achieved more than 15 million actions in its goal to help millions of UK consumers strengthen their ability to withstand an economic shock, successfully achieving more than half its initial objective. The Pledge has achieved this by “incentivizing unprecedented… Read More

 Tagged clearscore, fintech pledge, uk, united kingdom, zopa bank

August 5, 2024 @ 11:47 pm By Omar Faridi  |  

The research study, shared by cybersecurity firm Kaspersky, and entitled ‘Excitement, Superstition and great Insecurity – How global Consumers engage with the Digital World’ discloses controversial views among users regarding the protection of their personal information. For instance, 49% of respondents “consider covering the webcam… Read More

 Tagged cybersecurity, kaspersky, privacy, research, security

August 5, 2024 @ 10:45 pm By Omar Faridi  |  

PBOC and HKMA has reportedly signed an MOU that is focused on cross-boundary linkage of payment systems between the Mainland and Hong Kong. Mr Lu Lei, Deputy Governor of the People’s Bank of China (PBOC), and Mr Howard Lee, Deputy Chief Executive of the Hong… Read More

 Tagged china, hkma, hong kong, payments, pboc

August 5, 2024 @ 10:40 pm By Omar Faridi  |  

Carta Total Compensation is now available for all companies—not just Carta cap table customers. All private companies can now access Carta’s equity and salary benchmarks to make smarter, data-driven compensation decisions. Without accurate equity and salary benchmarking data, you risk “losing top talent or overpaying… Read More

 Tagged cap table, carta, equity, salary benchmarks

August 5, 2024 @ 10:45 am By JD Alois  |  

The American Fintech Council (AFC) has issued a statement on the bipartisan letter sent by a group of House Representatives asking the Consumer Financial Protection Bureau to adjust requirements pertaining to control of consumer data along the lines of Open Banking. The AFC says they… Read More

 Tagged AFC, american fintech council, cfpb, consumer financial protection bureau, open banking

August 5, 2024 @ 8:31 am By Omar Faridi  |  

With a vast array of tools and samples at their disposal, organized ransomware cybercriminal groups often have proprietary ransomware samples, while standalone criminals frequently rely on leaked DIY variants to launch their attacks. Latest research by Kaspersky reveals the recent ransomware attacks “using the leaked… Read More

 Tagged attacks, cybercriminals, fraud, ransomware, research

August 5, 2024 @ 8:26 am By Omar Faridi  |  

Konsentus announced that Konsentus Verify, Europe’s open banking identity and regulatory checking solution, is now available on Temenos Exchange, the partner ecosystem of integrated fintech solutions. Konsentus Verify ensures end-user account “access is never granted to unauthorised third parties, giving consumers and businesses the highest… Read More

 Tagged europe, konsentus, open banking, temenos, temenos exchange