July 23, 2024 @ 10:26 pm By Omar Faridi  |  

Westpac is launching Dynamic Virtual Cards for institutional, corporate and government customers, enabling fast and secure ‘tap and go’ payments, giving them greater control. Westpac’s Dynamic Virtual Card can be “used online as well as in-store via digital wallet tap and go transactions.” Jeff Byrne,… Read More

 Tagged australia, payments, virtual cards, westpac

July 23, 2024 @ 4:02 pm By JD Alois  |  

Globacap CEO and founder Myles Milston has issued a statement hammering London’s smaller cap exchange, AIM [Alternative Investment Market]. AIM was set up to assist smaller firms in listing shares. Recently, the UK Financial Conduct Authority (FCA) posted new rules designed to boost public listings in the… Read More

 Tagged aim, fca, globacap, myles milston, pisces, uk, united kingdom

July 23, 2024 @ 3:16 pm By JD Alois  |  

Plum, a “smart money app,” has raised £16 million in Series B funding, according to a note from the company. Pum said the capital infusion follows a period of solid growth. Assets under management have topped £1 billion, tripling in the past 12 months. Plum… Read More

 Tagged crowdcube, funding round, plum, uk, united kingdom

July 23, 2024 @ 8:59 am By Omar Faridi  |  

PensionBee Group plc announces the launch of its business in the United States, the world’s largest Defined Contribution pension market, “representing approximately 80% of the global total and $22.5 trillion in assets.” The company’s wholly-owned US subsidiary, PensionBee Inc, is “now registered with the US… Read More

 Tagged pensionbee, pensions, uk, united kingdom

July 23, 2024 @ 8:57 am By Omar Faridi  |  

Nucleus Financial Platforms, one of the UK’s independent, adviser platform groups, has announced Laura Papp and Helen Wallace-Smith have joined into two newly created platform director roles. Both will report to Nucleus Chief Operating Officer (COO), Steve Knight. As Nucleus continues to prepare for the… Read More

 Tagged helen wallace-smith, laura papp, nucleus financial platforms, uk

July 23, 2024 @ 8:55 am By Omar Faridi  |  

AMF and Banque de France call for a well-anticipated move to T+1 Settlement Cycle. The Autorité des Marchés Financiers (AMF) and the Banque de France specifically call for a well-coordinated and efficient transition “to a T+1 settlement cycle for transactions on securities across the EU.”… Read More

 Tagged amf, autorite des marches financiers, banque de france, t+1 settlement

July 22, 2024 @ 4:31 pm By Omar Faridi  |  

Airwallex, the Australia-founded financial platform for modern businesses, has reportedly become the first major payments company to be granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investment Commission (ASIC) to offer businesses access to retail investment products. This is an additional… Read More

 Tagged airwallex, asic, australia, payments

July 22, 2024 @ 11:53 am By Omar Faridi  |  

The Federal Reserve Board this past Friday reportedly took action to address consumer compliance breakdowns by Green Dot, fining the firm $44 million “for numerous unfair and deceptive practices and a deficient consumer compliance risk management program.” Green Dot Corporation (NYSE: GDOT) is said to… Read More

 Tagged enforcement, federal reserve board, green dot

July 22, 2024 @ 9:19 am By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) recently took action to make sure that consumers can dispute charges and obtain refunds on BNPL products and services, making BNPL lenders follow similar rules as credit card companies. So, what does this mean for banks and Fintechs? As… Read More

 Tagged bnpl, cfpb, embedded lending, interview, jifiti, jifiti group, online lending, yaacov martin

July 22, 2024 @ 8:54 am By Omar Faridi  |  

Bondsmith, which says it is empowering clients to unlock the full potential of cash with innovative financial solutions via trusted partnerships,  announced that they have joined forces with abrdn in order to launch a fully integrated cash savings solution, providing their clients with even greater… Read More

 Tagged abrdn, bondsmith, savings, uk, united kingdom