January 22, 2024 @ 9:36 pm By Omar Faridi  |  

Saudi Tadawul Group Holding Company (STG), a diversified capital markets group in the MENA region, has entered into a binding agreement with existing shareholders of DME Holdings Limited in order to “acquire a 32.6% stake in Dubai Mercantile Exchange (DME), one of the leading international… Read More

 Tagged dme, dme holdings, mena, mena region, saudi arabia, saudi tadawul group

January 22, 2024 @ 5:54 pm By Omar Faridi  |  

Volante Technologies, the global firm focused on payments as a service, issued the results from its third annual mid-tier bank payments modernization report. The research report shows high interest and enthusiasm “for faster payment networks, with 78% of U.S. financial businesses saying it is a… Read More

 Tagged deepak gupta, erika bauman, insights, research, volante, volante technologies

January 22, 2024 @ 2:42 pm By JD Alois  |  

Online lender ThinCats has received more funding from Fintex Capital. This is financed by Fintex Specialty Finance UK, the firm’s flagship discretionary investment fund. According to a note from the firm, Fintex has added to an existing mezzanine facility with ThinCats. Fintex has added £5… Read More

 Tagged fintex capital, online lending, thincats, uk, united kingdom

January 22, 2024 @ 2:23 pm By Omar Faridi  |  

SoFi (NASDAQ: SOFI), the digital personal finance company, announced recently the expansion of its new small business marketplace within the SoFi product experience. With this addition, SoFi will now be able to better support millions of American small business owners’ financing needs by “connecting them… Read More

 Tagged small businesses, sofi

January 22, 2024 @ 2:21 pm By Omar Faridi  |  

Morningstar, Inc. (NASDAQ: MORN) and iCapital, a wealth management Fintech, have announced a strategic relationship to provide Advisor Workstation users “with access to alternative investments and analytics for the first time.” The integration equips Advisor Workstation’s more than 170,000 users with alternative investment research and… Read More

 Tagged icapital, lawrence calcano, morningstar, vimal vel

January 22, 2024 @ 12:35 pm By JD Alois  |  

loanDepot (NYSE: LDI), a top mortgage issuer and originator in the US, remains under attack following an incident revealed on January 8th. Today, loanDepot states that records, including sensitive personal information, have been accessed by bad actors, including 16.6 million individuals. loanDepot states that it… Read More

 Tagged cyber attack, frank martell, hack, loandepot, mortgages

January 22, 2024 @ 9:23 am By JD Alois  |  

Spectrum Markets has become a member of the  German Federal Association of Investment Firms (Bundesverband der Wertpapierfirmen (bwf)) Spectrum Markets is a wholly owned subsidiary of the IG Group (LSEG: IGG). Regulated by BaFin, the company is a pan-European trading venue for securitized derivatives aimed… Read More

 Tagged bwf, German Federal Association of Investment Firms, germany, michael sterzenbach, nicky maan, spectrum markets

January 22, 2024 @ 8:05 am By Omar Faridi  |  

The Fintech sector has not been spared from the “sweeping” downturn in the venture market, according to an extensive update shared by CBInsights. In fact, in 2023, funding to fintech startups “dropped off more severely than broader venture funding,” the CBInsights report noted. Based on… Read More

 Tagged cbinsights, fintech adoption, Fintech Investments, research

January 22, 2024 @ 7:58 am By Omar Faridi  |  

Business activity at UK small and medium-sized enterprises (SMEs) expanded at the fastest rate for seven months in December, “led by renewed growth in the service economy.” Adding to signs of a steady turnaround in business conditions, new orders “stabilized at the end of 2023,… Read More

 Tagged james holian, natwest, natwest group, research, Research Report, sebastian burnside, small businesses, smbs, sme's, uk, united kingdom

January 22, 2024 @ 7:54 am By Omar Faridi  |  

Following its launch in the Netherlands last year, smeGo aims to expand further in Europe and offer established SMEs “a full range of financial services and digital tools.” In 2024, smeGo says that it plans to “maintain the pace of its growth and is actively… Read More

 Tagged europe, mindaugas mikalajūnas, netherlands, small businesses, smbs, sme's, smego