General News

October 5, 2024 @ 6:18 pm By Omar Faridi  |  

In a move signaling alignment with US regulatory actions, the UK’s Financial Conduct Authority (FCA) is preparing to survey City firms to scrutinize their use of encrypted messaging services such as WhatsApp. Regtech firm SteelEye has shared informative insights to help industry participants with gaining… Read More

October 3, 2024 @ 4:29 am By Tony Zerucha  |  

Enterprise data analytics firm e6data has secured a $10 million funding round. The series A was led by Accel, with participation from Beenext and others. It comes at a time when the total addressable market for data and AI solutions is slated to touch $230… Read More

September 30, 2024 @ 9:08 pm By Omar Faridi  |  

LiveFlow has reportedly raised a $13.5 million Series A round in order to modernize accounting and inspire the next generation of accountants. Lasse Kalkar, CEO, LiveFlow noted that the accounting industry is undoubtedly facing major challenges, with “one of the most pressing being a severe… Read More

September 30, 2024 @ 9:00 am By Tony Zerucha  |  

Apono, a provider of privileged access for the cloud, today announced the successful completion of its Series A funding round, raising $15.5 million to bring its total raised to $20.5 million. The funding round was led by New Era Capital Partners, with participation from Mindset… Read More

September 29, 2024 @ 10:17 pm By Michael Wong  |  

The European Investment Fund (EIF) and Hungarian National Capital Holding (NCH) have announced the launch of Impact Ventures III, a €40 million venture capital fund aimed at supporting early-stage, innovative small and medium-sized enterprises (SMEs) and startups with positive social and environmental impacts in Hungary… Read More

September 27, 2024 @ 9:50 am By Omar Faridi  |  

New research released by KPMG provides insight into whether consumers would reduce some of the buying and saving behaviors that have become more prevalent during the cost of living crisis, if they had more disposable income available to spend. KPMG UK’s Consumer Pulse survey gauged… Read More

September 26, 2024 @ 7:58 am By Omar Faridi  |  

As summer comes to a close and the nights draw in, new research from NatWest Premier reveals that half (50%) of Brits admit “to overspending, with fear-of-missing-out being the primary driver for 25%.” Furthermore, around one in five agree “that the pressure to keep up… Read More

September 25, 2024 @ 7:39 am By Omar Faridi  |  

Kaspersky‘s latest analysis of the 25 most prevalent web tracking services, including Google services, New Relic, Microsoft, revealed over 38 billion instances of web trackers collecting user behavior data in 2024, with an average of one million detections per each day. Web tracking involves collecting,… Read More

September 25, 2024 @ 6:58 am By Omar Faridi  |  

One year after launch, after growing faster than the founders initially expected, Jet HR – the startup founded by Marco Ogliengo and Francesco Scalambrino to eliminate the bureaucracy surrounding payroll, HR and generally running a company in Italy – attracts a seed round of €12… Read More

September 23, 2024 @ 5:35 pm By Omar Faridi  |  

UK Finance is calling for further housing market reform. UK Finance recently releases its report ‘Homes We Need’ which proposes solutions to complement the government’s plans. UK Finance, which represents over 300 firms “including 120 mortgage lenders, is today releasing its report Homes We Need.”… Read More

September 23, 2024 @ 11:52 am By Omar Faridi  |  

Metro Bank is warning its personal and business customers against a rise in impersonation scams as part of its Scam of the Month awareness campaign. Consumers are being bombarded by phone, text or email from “trusted” organizations such as their bank, the police, HMRC, delivery… Read More

September 23, 2024 @ 8:30 am By Omar Faridi  |  

Voice cloning scams – where fraudsters use AI technology to replicate the voice of a friend or family member – could be set to catch millions out, according to new research shared by Starling Bank. The data, from Starling Bank, found that over “a quarter… Read More

September 22, 2024 @ 7:32 pm By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has completed a £2m Revolving Credit Facility to Spy Alarms, an electronic security and fire system services business which installs, maintains and monitors intruder alarms, CCTV, fire safety systems and access control systems. The business was founded… Read More

September 22, 2024 @ 6:11 am By Omar Faridi  |  

Lloyds Bank is warning of a rising scam where rogue retailers are using fake websites to trick people into purchasing items that are never dispatched, costing victims an estimated £6.6 million so far. Tens of thousands of credit and debit card customers “have sadly fallen… Read More

September 20, 2024 @ 11:58 am By Omar Faridi  |  

One in six B2B sellers (suppliers) are offering business customers over two months to pay their invoices, according to a new joint report from economic consultancy Cebr and iwoca. The report Credit Where It’s Due, commissioned by iwoca––one of Europe’s largest small business lenders––reveals the… Read More

September 16, 2024 @ 11:25 pm By Tony Zerucha  |  

As the U.S. Federal Reserve gathers next week, stakeholders are analyzing the potential effect of an interest rate cut. Whatever the board decides, Ivey Business School Professor Dr. Stephen R. Foerster, CFA, said there will be winners and losers. Foerster said lower ones tend to… Read More

September 16, 2024 @ 2:15 pm By Omar Faridi  |  

TransUnion (NYSE: TRU) announced that it is strengthening its partnership with leading income and employment verification provider, Truework. The new arrangement enables a single-click solution, via TransUnion third-party platform integration, for a deeper resident screening workflow “that adds a powerful income and employment verification waterfall.”… Read More

September 16, 2024 @ 6:16 am By Omar Faridi  |  

Despite the financial pressures facing young people, NatWest’s latest Savings Index reveals younger generations are building positive savings habits, breaking traditional taboos around talking about money, and “seeking innovative ways through social media to create a more secure financial future.” Almost nine in ten (86%)… Read More

September 15, 2024 @ 4:36 pm By Omar Faridi  |  

The KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, signalled a softening of UK labour market conditions during August. Latest data showed that permanent placements “continued to fall, and at an accelerated pace, amid reports of reduced demand amongst companies for… Read More

September 14, 2024 @ 12:47 pm By Omar Faridi  |  

Betterment, which claims to be one of the largest independent digital financial advisors, has recently announced that Betterment for Advisors, its RIA custody division, has changed its name to Betterment Advisor Solutions to “better reflect the breadth of products and services it offers.” Betterment Advisor… Read More