December 12, 2023 @ 11:00 pm By Omar Faridi  |  

Airbnb and Klarna have joined forces to launch Pay Over Time with Klarna, which is described as being a new way for guests in the UK to spread the cost of their reservation. The launch is part of a phased global roll-out which “will see… Read More

 Tagged airbnb, amanda cupples, bnpl, buy now pay later, digital payments, digital transactions, europe, fintech adoption, fintech trends, flexible payments, klarna, pay over time, payments, raji behal, uk, united kingdom

December 12, 2023 @ 9:41 pm By JD Alois  |  

Artificial intelligence (AI) and machine learning (ML) startup Chalk has raised $10 million in a Seed round, according to a note from the firm. The funding was led by General Catalyst, Unusual Ventures, and Xfund. In a blog post, Unusual Ventures explained the qualities that… Read More

 Tagged andrew moreland, chalk, elliot marx, general catalyst, marc freed-finnegan, max rimpel, unusual ventures

December 12, 2023 @ 8:01 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has signed a strategic agreement with the Commercial Bank of Dubai (CBD) in order to drive its technology transformation program and “further enhance its banking services to personal and business customers.” Accenture will set up “a development center of excellence (COE) to… Read More

 Tagged accenture, ai, banking, dubai, financial services, middle east, uae, united arab emirates

December 12, 2023 @ 12:42 pm By Omar Faridi  |  

Thousands of people hunting for tickets, cars, pets, and much more were tricked into handing money over to fraudsters this year, “with purchase scams rising by more than two fifths (42%), compared to last year,” according to an update from Lloyds Banking Group. Last month,… Read More

 Tagged europe, fraud, fraudulent activities, lloyds, lloyds banking group, scams, uk, united kingdom

December 12, 2023 @ 9:44 am By Omar Faridi  |  

The Basel Committee on Banking Supervision met virtually on 5 and 7 December to discuss a range of policy and supervisory initiatives. The Committee took stock of its review of various elements of “the prudential standard for banks’ exposures to crypto-assets published in December 2022.”… Read More

 Tagged basel committee, bis, climate action, crypto-assets, financial services, research, Research Study

December 12, 2023 @ 9:35 am By Michael Wong  |  

The State Bank of Pakistan (SBP) has launched a “regulatory sandbox” framework, issuing preliminary guidelines to foster innovation in the financial technology (Fintech) sector. This initiative, part of the central bank’s Vision 2028 strategy, aims to create a more collaborative regulatory environment for startups and… Read More

 Tagged fintech, pakistan, payments, regulations, State Bank of Pakistan

December 12, 2023 @ 8:22 am By Omar Faridi  |  

The British Business Bank, the UK’s economic development bank, has appointed Ian Connatty as its first Deputy Chief Investment Officer. This is in addition to his role “as Managing Director, Direct and Co-investment, British Patient Capital, a commercial subsidiary of the Bank.” The Deputy Chief… Read More

 Tagged british business bank, europe, financial services, ian connatty, louis taylor, new appointments, uk, united kingdom

December 12, 2023 @ 8:17 am By Omar Faridi  |  

The latest Royal Bank of Scotland Report on Jobs survey pointed to a renewed rise in hiring activity across Scotland in November. As mentioned in a blog post, mild expansions were signaled for “both permanent placements and temp billings amid reports of successful recruitment campaigns… Read More

 Tagged europe, insights, job market report, research, royal bank of scotland, scotland, uk, united kingdom

December 12, 2023 @ 2:00 am By JD Alois  |  

Aria, a Fintech based in France that is a payments and credit platform, has raised €15 million in funding, according to a note from the company. 13books Capital led the funding round with the participation from Adevinta Ventures, Otium Capital, Ankaa Ventures, and individual investors,… Read More

 Tagged aria, clement carrier, france, online lending, payments, vincent folny

December 11, 2023 @ 9:29 pm By JD Alois  |  

Elizabeth Gorz, a former Legislative Aide in the Michigan State Senate, Senior Policy Advisor to former Michigan Governor Rick Snyder (from 2011 to 2019), has been selected as the American Fintech Council as Head of Legislative Affairs and Chief Strategy Officer. Gorz was most recently… Read More

 Tagged AFC, american fintech council, elizabeth gorz, Phil Goldfeder