General News

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

September 13, 2024 @ 9:48 am By JD Alois  |  

An Interview with Joseph Abboud of DreamLoad Ventures In the current episode of the Capital Ideas podcast from Investor Choice Advocates Network, co-hosts Nick Morgan and Dara Albright interviewed Joseph Abboud of DreamLoad Ventures, a nonprofit think tank, incubator, and accelerator focused on supporting underrepresented… Read More

September 13, 2024 @ 8:41 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payments network that empowers consumers and helps merchants drive growth, released new research revealing consumer shopping behaviors and sentiments ahead of the 2024 holiday season, including the growing preference towards 0% APR financing options and Americans’ confidence levels around budgeting. Affirm’s… Read More

September 12, 2024 @ 10:15 am By Omar Faridi  |  

Deloitte’s 2024 CxO Sustainability Report: Signs of a shift in business climate action shows that climate change remains a top three issue for global C-suite level business leaders (CxOs), surpassing political uncertainty, competition for talent, and the changing regulatory environment, among others. A key indicator… Read More

September 12, 2024 @ 8:32 am By JD Alois  |  

The European Central Bank (ECB) has decided to cut benchmark rates by 25 basis points. The ECB reaffirmed its expectations on inflation stating headline that inflation will average 2.5% in 2024, 2.2% in 2025 and 1.9% in 2026. Core inflation is anticipated  to decline from 2.9%… Read More

September 12, 2024 @ 6:33 am By Omar Faridi  |  

Santander and Atitlan launch Atgro, a platform for investing over €500 million in agricultural projects. The fund is being launched with initial contributions of €200 million “by the bank and EUR 50 million by Atitlan, with the aim of doubling these resources” to boost the… Read More

September 9, 2024 @ 9:52 pm By Omar Faridi  |  

The release of Deloitte Private’s second report in its Family Office Insights Series – Global Edition, Defining the Family Office landscape, outlines the world of family offices—”what they are, how they’re growing, their future outlook, and more.” As family offices continue rapid global expansion, Deloitte… Read More

September 8, 2024 @ 4:12 pm By Omar Faridi  |  

With the increasing reliance on digital processes, tools, and the economy itself, the financial services sector faces heightened exposure to operational risks, particularly Information and Communication Technology (ICT) risks. The latest volume of the Malta Financial Services Authority (MFSA)’s publication, “The Nature and Art of… Read More

September 7, 2024 @ 10:53 am By Tony Zerucha  |  

Digital security firm security.org recently released its top 17 scams for 2024, and P2P payment apps top the list. The full text can be viewed here. Security.org surveyed nearly 1,100 American adults about their recent experiences with cybercriminals and the latest online schemes. They found… Read More

September 7, 2024 @ 6:31 am By Tony Zerucha  |  

Chargeback technology platform Chargebacks911 recently announced the appointment of payments industry entrepreneur Oliver Rajic to the board of directors. In his new role, Rajic will serve as a key advisor to Chargebacks911 and its CEO, Monica Eaton. This includes assisting the company with its expansion… Read More

September 7, 2024 @ 3:59 am By Tony Zerucha  |  

Flutterwave, an African leading payments technology company, has appointed Mitesh Popat as CFO. Popat brings 20 years of global financial services experience across North America, Europe, the Middle East, and Africa, which Flutterwave said will be instrumental in driving its next phase of growth and… Read More

September 6, 2024 @ 4:48 pm By Omar Faridi  |  

Kaspersky’s Global Research and Analysis Team (GReAT) has discovered a new Advanced Persistent Threat (APT) campaign carried out by the Tropic Trooper group. This operation has been targeting a governmental entity in the Middle East “for over a year, aiming to conduct cyberespionage.” To gain… Read More

September 3, 2024 @ 11:00 am By Omar Faridi  |  

Linas Agro and HeavyFinance will convert 300.000 ha of agricultural land to regenerative farming. One of the largest agribusiness companies in the Baltics, AB Linas Agro, has “become the exclusive representative of the HeavyFinance Carbon Farming Program in Lithuania.” Together, the companies aim to reduce… Read More