General News

September 3, 2024 @ 10:56 am By Omar Faridi  |  

The latest Lloyds Bank Business Barometer showed that business confidence in the United Kingdom remained at 50% in August. Although there was no increase to the overall UK business confidence figure, the result highlighted the continued positivity amongst businesses, with “confidence still at the highest… Read More

September 2, 2024 @ 11:00 am By Omar Faridi  |  

To further strengthen its presence in Latin America, Kaspersky is opening new office in Colombia. This move aims to provide an increasing number of the company’s clients and partners in the region with access “to a comprehensive cybersecurity ecosystem, addressing the full spectrum of cybersecurity… Read More

August 30, 2024 @ 9:38 am By JD Alois  |  

SumUp has appointed a new CEO and CFO while announcing new board members. According to a note from the Fintech, Niall Mac an tSionnaigh is now CEO of SumUp Limited, the Irish operating company, and Alastair Nolan, previously the Group’s CFO Europe, will now serve… Read More

August 25, 2024 @ 11:34 pm By Omar Faridi  |  

As the August bank holiday approaches, the UK’s retail and hospitality sectors are anticipating a significant surge in sales, according to consumer spend insights from global data and technology company Experian and Reward, an industry participant focused on customer engagement. The forecast, which is based… Read More

August 25, 2024 @ 9:37 am By Michael Wong  |  

Pavel Durov, the Russian-French billionaire founder and CEO of the messaging app Telegram, was arrested at Bourget airport outside Paris on Saturday evening. At one point, Durov sought to issue a native crypto TON (Gram), but following an enforcement action by the Securities and Exchange… Read More

August 24, 2024 @ 7:40 am By Omar Faridi  |  

U.S. Bank, lead bank of U.S. Bancorp (NYSE: USB), has acquired Salucro Healthcare Solutions LLC. The Tempe, Arizona-based company provides healthcare financial technology, focused on patient payments and billing. Founded in 2004, Salucro is a market participant focused on providing online billing and payments offerings… Read More

August 19, 2024 @ 4:25 am By Omar Faridi  |  

Auto insurance purchasing volume set a new record for the second consecutive quarter, according to new research from TransUnion (NYSE: TRU). The number of U.S. consumers shopping for auto insurance “was up 7%, compared to Q2 2023 (YoY).” This trend has been driven in recent… Read More

August 18, 2024 @ 6:11 pm By Tony Zerucha  |  

Small business owners are, on average, 42% overconfident in their money management, according to a new survey of more than 750 SMBs by online banking and money management platform Relay and independent research company RKI. This overconfidence score reflects a significant gap between the perception… Read More

August 12, 2024 @ 3:30 pm By Omar Faridi  |  

Camilo Tellez-Merchan, Head of Digital Payments Innovation Hub, Better Than Cash Alliance, United Nations Capital Development Fund (UNCDF), and Gisela Davico, the Latin America & Caribbean Lead and Global Gender Lead, Better Than Cash Alliance have shared key insights that have released in a blog… Read More

August 11, 2024 @ 4:22 pm By Michael Wong  |  

EQT AB has unveiled plans to acquire a majority stake in Acronis, a cybersecurity and data protection platform, as part of its strategic initiative to bolster the company’s growth and enhance its market footprint. The transaction, facilitated through the EQT X fund, will see EQT… Read More

August 11, 2024 @ 4:21 pm By Omar Faridi  |  

TrueAccord notes that even with wage gains over the last several years, 40% of consumers say they “earn insufficient incomes and struggle to keep up with inflation and interest rates.” TrueAccord pointed out in a blog post that “with approximately 75% of low-income households reporting… Read More

August 10, 2024 @ 10:56 am By Omar Faridi  |  

Stripe has announced Adaptive Pricing for businesses in Asia Pacific and Latin America. According to Stripe, this means businesses can “automatically show pricing in local currencies for buyers in over 150 countries.” As noted in an update from Stripe, online shoppers are “purchasing more goods… Read More

August 9, 2024 @ 8:53 am By Omar Faridi  |  

In Q2 2024, the venture ecosystem showed modest signs of improvement, according to an update from Carta. In Q2 2024, the venture ecosystem exhibited some signs of improvement, but “not a drastic break, from Q1,” the report from Carta revealed. Based on current data, companies… Read More

August 9, 2024 @ 8:50 am By Omar Faridi  |  

CBInsights has released an extensive update focused on the role of “Big Tech in Fintech: How Amazon and Google are battling to own transactions.” The comprehensive research report from CBInsights pointed out that while Amazon and Google have reeled in their efforts to offer their… Read More

August 9, 2024 @ 4:59 am By Omar Faridi  |  

NatWest has announced a £100 million term loan guaranteed by UK Infrastructure Bank (UKIB), and a £25 million term loan to support Quickline Communication’s large-scale broadband expansion in Yorkshire and Lincolnshire. This is alongside a £125 million term loan from UKIB. The financing from NatWest… Read More

August 8, 2024 @ 11:16 am By JD Alois  |  

The British Business Bank has issued a statement committing to providing £2.3 for smaller UK businesses—a record amount. At the same time, the group has posted an “unrealized loss” as valuations in long-term investments have declined. The loss for 2023/2024 stands at £122 million. The Bank… Read More

August 8, 2024 @ 8:08 am By Omar Faridi  |  

CRB Group, Inc., the parent company of Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced it has appointed three new members to its Board of Directors, effective July 1, 2024: Roland Fryer, Richard Laxer and Gabrielle Vitale. Gilles Gade, Founder,… Read More

August 7, 2024 @ 8:20 am By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be the largest digital banking platform outside of Asia, announces the appointment of Tyler Horn as Chief Credit Officer (CCO), effective August 2024. With extensive experience in credit risk management within the financial services industry, Tyler will be “responsible… Read More

August 7, 2024 @ 4:16 am By Omar Faridi  |  

Tony Truong has reportedly been appointed VP of People Strategy, Operations, Technology, and Analytics at Chime. Truong previously worked at Roku, Nike, and PayPal. In his role, Truong is expected to oversee “strategy and planning, operations, technology, and analytics for the People team.” He will… Read More

August 6, 2024 @ 2:50 pm By Omar Faridi  |  

Remitly Global, Inc. (NASDAQ: RELY), a provider of digital financial services, has announced the appointment of finance executive Vikas Mehta as Chief Financial Officer, succeeding Hemanth Munipalli, effective August 19, 2024. Munipalli is leaving for family reasons, and will “oversee an orderly transition, remaining with… Read More