General News

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

August 5, 2024 @ 9:49 am By JD Alois  |  

The sky is about to fall today as markets are tanking following the US Federal Reserve’s decision not to cut rates, a moribund jobs report in the US, and Warren Buffet dumping half of his position in Apple (the largest holding in his portfolio), driving… Read More

August 5, 2024 @ 8:31 am By Omar Faridi  |  

With a vast array of tools and samples at their disposal, organized ransomware cybercriminal groups often have proprietary ransomware samples, while standalone criminals frequently rely on leaked DIY variants to launch their attacks. Latest research by Kaspersky reveals the recent ransomware attacks “using the leaked… Read More

August 4, 2024 @ 10:06 pm By Omar Faridi  |  

Industry veteran James Greaves, ex-Vice President of Zelle and President and Co-Founder of Fractal, a payment platform providing simple and efficient payment solutions to SaaS companies, divulges insights and predictions on the future of payments in fintech and why fintech integrations are the next frontier… Read More

August 3, 2024 @ 5:16 pm By Tony Zerucha  |  

New research from Ravelin reveals that failing to tackle online fraud increasingly damages the brand reputation and bottom line for thousands of businesses worldwide. Almost two-thirds of all e-commerce brands (61%) have found themselves at the centre of highly damaging public media storms when fraud… Read More

August 3, 2024 @ 2:33 pm By Omar Faridi  |  

PitchBook has released their latest Enterpise Fintech ecosystem. PitchBook’s Fintech ecosystem reports notes that deal value and count in Q2 2024 was fairly steady. As stated in the repot, enterprise fintech companies have “secured $4.6 billion in VC funding across 315 deals.” PitchBook pointed out… Read More

August 3, 2024 @ 5:03 am By Tony Zerucha  |  

The Bank of England’s decision to cut interest rates for the first time since the pandemic began has been hailed as “a welcome step in the right direction,” by deVere Group CEO Nigel Green. Green made the comments as the UK central bank unveiled a… Read More

August 1, 2024 @ 8:11 pm By Omar Faridi  |  

NatWest Group has announced that Paul Edwards has been appointed to lead the banking group’s asset finance business, Lombard, together “with specialist businesses providing working capital solutions.” Paul has been at NatWest for 12 years and “has held a number of roles in that time,… Read More

July 31, 2024 @ 9:12 am By Omar Faridi  |  

Lloyds Bank’s latest Business Barometer found that overall business confidence rose significantly in July to equal the highest level in confidence shown by businesses for eight years. Business confidence in the UK increased by 9 points “to 50% this month, reversing the drop in June… Read More

July 29, 2024 @ 6:39 am By Tony Zerucha  |  

Fintech firm Electronic Merchant Systems has hired Dan Stanbridge as chief risk and compliance officer. Stanbridge has more than 15 years of experience in the financial services industry. He was chief risk officer at Flexfactor and SVP of merchant risk at Paysafe. He led efforts to mitigate risk and… Read More

July 28, 2024 @ 4:55 pm By Michael Wong  |  

Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority (HKMA), has been reappointed to his role for another five-year term starting in October. In a statement following the Financial Secretary’s announcement, Yue expressed gratitude for the opportunity to continue his leadership, underscoring the… Read More

July 28, 2024 @ 6:47 am By Omar Faridi  |  

Mesh Payments, the technology provider for global corporate travel and expense (T&E) management, announced the appointment of Jennifer Ceran to its Board of Directors. Ceran brings more than two decades of financial leadership experience, “having served as CFO of Smartsheet, VP of Treasury for Box,… Read More

July 27, 2024 @ 1:02 pm By Omar Faridi  |  

Jumio, the provider of automated, AI-driven identity verification, risk signals and compliance solutions, released new findings from its Jumio 2024 Online Identity Study, revealing growing concern among Americans on the political influence AI and deepfakes may have during upcoming elections and how they might influence… Read More

July 26, 2024 @ 3:47 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) says that we are at a unique moment in American history where a stunning alignment has emerged — 9 in 10 Americans from across the political spectrum “believe the financial system needs an update.” According to a blog by Coinbase, crypto is a… Read More

July 26, 2024 @ 12:48 pm By Omar Faridi  |  

CME Group Inc. (NASDAQ: CME) reported financial results for the second quarter of 2024. The company reported revenue “of $1.5 billion and operating income of $1.0 billion for the second quarter of 2024.” CME Group further noted that net income “was $883 million and diluted… Read More

July 26, 2024 @ 9:23 am By Omar Faridi  |  

Carta has released the State of startup compensation, H1 2024 update. Carta data shows that companies have “become leaner and salary benchmarks have remained flat across much of the ecosystem.” Companies on Carta made “more than 60,000 new hires during the first four months of… Read More