April 1, 2024 @ 12:31 pm By Omar Faridi  |  

U.S. retail bank customers are losing faith in their bank, and customer attrition is a concern. According to the J.D. Power 2024 U.S. Retail Banking Satisfaction Study, released recently, consumer trust in retail banks “has declined significantly during the past two years, with unexpected fees,… Read More

 Tagged banking, consumer behavior, jdpower, research

April 1, 2024 @ 10:13 am By Omar Faridi  |  

A report by professional services firm KPMG has revealed that 115 Scottish firms received over £359 million worth of Venture Capital (VC) investment after being identified as the most promising throughout 2023. The Venture Pulse Survey showed that there was “a marked decline in global… Read More

 Tagged research, scotland, uk, united kingdom, venture capital

April 1, 2024 @ 9:31 am By Omar Faridi  |  

Krishna Vishnubhotla at Zimperium – a provider of mobile security, highlights crucial differences between mobile banking fraud and mobile banking scams. The convenience of managing our finances on the go has streambed the way we handle our money. We live in an era where mobile has… Read More

 Tagged fraud, interview, krishna vishnubhotla, scams, zimperium

April 1, 2024 @ 8:58 am By Tony Zerucha  |  

Intuit QuickBooks launched the QuickBooks Line of Credit this week. It gives small businesses a new way to access funding from $1,000 to $50,000 through loans issued by WebBank. QuickBooks said the new product is uniquely designed to provide business owners with the ability to… Read More

 Tagged credit line, David Hahn, online lending, QucikBooks, webbank

April 1, 2024 @ 8:55 am By Omar Faridi  |  

Form3, the cloud-native account-to-account platform, launches a new, innovative authorised push payment fraud (APP fraud) prevention solution, powered by Feedzai, the firm focused on anti-fraud and financial crime software. The new product is the first solution, “built using fully supervised machine learning, to leverage collaborative… Read More

 Tagged feedzai, financial crime, form3, fraud prevention, uk, united kingdom

April 1, 2024 @ 8:50 am By Omar Faridi  |  

Nucleus Financial Platforms, which claims to be one of the UK’s leading, independent, adviser platform and product groups, has appointed Julia Peake as Technical Manager, further strengthening its Technical Services team. Julia joins from Canada Life where she “was a technical specialist for three years,… Read More

 Tagged julia peake, new appointments, nucleus financial platforms, women changing finance

April 1, 2024 @ 8:48 am By Omar Faridi  |  

The United Kingdom is currently the sixth largest economy globally and the UK tech startup ecosystem ranks third in terms of funding raised in the first quarter of 2024, after the US and China, according to a new report. Tracxn, a global SaaS-based market intelligence… Read More

 Tagged fintech adoption, research, uk, united kingdom

April 1, 2024 @ 8:46 am By Omar Faridi  |  

The Bank of England and FCA are leading a joint transformation program with industry to transform data collection from the UK financial sector. They published a future strategy for “achieving this, encompassing the regulator’s response to industry’s recommendations.” The Bank of England and the Financial… Read More

 Tagged bank of england, fca, uk, united kingdom

April 1, 2024 @ 4:38 am By Omar Faridi  |  

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) and Vayana TradeXchange announce a partnership to use Arqit’s TradeSecure digital negotiable instrument technology to transform international supply chains. Vayana TradeXchange is a global marketplace “facilitating the financing of cross-border trade, headquartered in GIFT City and operating under license… Read More

 Tagged arqit, digital technology, quantum, uk, united kingdom

March 31, 2024 @ 2:18 pm By Michael Wong  |  

The Reserve Bank of India is contemplating the establishment of the Digital India Trust Agency (DIGITA) in a move to combat the escalating cyber fraud. This initiative aims to clamp down on the proliferation of illicit lending applications by instituting a verification system for digital… Read More

 Tagged india, online lending, reserve bank of india