General News

July 25, 2024 @ 3:03 pm By Omar Faridi  |  

Copper.co, a firm focused on digital asset custody, collateral management, and prime services, has today announced three leadership appointments. Michael Roberts has reportedly been appointed Chief Commercial Officer (CCO) at Copper.co. After two years as Copper’s Head of Prime, Michael Roberts has officially taken up… Read More

July 24, 2024 @ 4:18 pm By Omar Faridi  |  

Three in five people believe that the U.S. is currently in a recession, even though we’re not in one officially, according to new research from Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth. The survey of 2,000 Americans explored… Read More

July 24, 2024 @ 9:11 am By Omar Faridi  |  

The UK is a significantly more entrepreneurial society than it was at the start of the millennium, the world’s largest survey of entrepreneurship has found. This, according to an update from NatWest. For the first time since the Global Entrepreneurship Monitor records began “a quarter… Read More

July 23, 2024 @ 1:34 pm By JD Alois  |  

NuFund Venture Group, an angel investing group that supports early stage ventures, says it has invested $5.6 million in its 2023 Annual Fund. The angel group reports 350 investor members who backed 17 early stage firms. NuFund says its “Venture Group” fund model, combines the… Read More

July 23, 2024 @ 8:57 am By Omar Faridi  |  

Nucleus Financial Platforms, one of the UK’s independent, adviser platform groups, has announced Laura Papp and Helen Wallace-Smith have joined into two newly created platform director roles. Both will report to Nucleus Chief Operating Officer (COO), Steve Knight. As Nucleus continues to prepare for the… Read More

July 21, 2024 @ 12:34 pm By Omar Faridi  |  

Stratyfy, a Fintech confronting bias in AI and optimizing credit risk decisions with transparent machine learning solutions, announced its partnership with Prism Data, a cash flow underwriting and data analytics platform. Prism Data enabled modern cash flow underwriting “that uses digital deposit account data to… Read More

July 19, 2024 @ 2:02 pm By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. The guidance will ensure that lenders “understand their legal obligations to disclose the… Read More

July 19, 2024 @ 12:10 pm By Omar Faridi  |  

The Bank of England has announced the appointment of members of the Enforcement Decision Making Committee. Following an external recruitment process and consultation, the Bank of England (Bank) has appointed three new members “to its Enforcement Decision Making Committee (EDMC) taking the total to nine.”… Read More

July 19, 2024 @ 6:16 am By Omar Faridi  |  

Mid-market private equity investment activity in the UK declined by 11% in the first half of 2024, as challenging macroeconomic conditions persisted, according to KPMG UK’s latest mid-market Private Equity analysis. The firm’s most recent M&A research study revealed “that 321 mid-market transactions were completed… Read More

July 19, 2024 @ 6:12 am By Omar Faridi  |  

David Postings, Chief Executive of UK Finance, comments on the 2024 King’s Speech. David Postings from UK Finance noted: “We welcome the focus in the King’s Speech on economic stability and growth, something the financial services sector will play a key role in delivering. The… Read More

July 18, 2024 @ 1:43 pm By Omar Faridi  |  

Clair, the fintech company offering free Earned Wage Advances (EWA) originated by a national bank, announced a partnership with Gusto, an integrated, all-in-one software platform that automates and simplifies company payroll, benefits, and HR. Through this collaboration, Clair and Gusto are said to be breaking… Read More

July 18, 2024 @ 9:14 am By Omar Faridi  |  

Digital identity is not the easiest concept to define, according to an update from Juniper Research. That’s because it overlaps with other, similar, areas. Juniper Research noted that the crossover “with areas such as security, privacy and data management can be significant, and in some… Read More

July 18, 2024 @ 9:06 am By Omar Faridi  |  

Smart Pension, one of the UK’s workplace pension providers, announces that it has signed a commercial agreement with STM Group, to take on members of the Options Workplace Pension Trust (OWPT) to the Smart Pension Master Trust through a bulk transfer. The transfer, subject to… Read More

July 17, 2024 @ 12:38 pm By Omar Faridi  |  

Bankrupt virtual currency exchange FTX and the US Commodity Futures Trading Commission (CFTC) have reportedly agreed to a $12.7 billion settlement. The said agreement between FTX and the CFTC is currently awaiting approval from a Delaware Judge. The parties have been actively engaging in discussions… Read More

July 16, 2024 @ 6:06 pm By Omar Faridi  |  

Acorns, the savings and investing app for everyday Americans, has announced a key product update. In a note shared with CI, Acorns mentioned that Later Match is “a recently launched feature that offers a 3% and 1% IRA match on new contributions for people using… Read More

July 13, 2024 @ 12:19 am By Omar Faridi  |  

Millions of U.S. consumers have used Buy Now, Pay Later (BNPL) loans with 89% stating they are satisfied or very satisfied with the credit product. A survey from TransUnion (NYSE: TRU) also revealed that 85% of BNPL users would recommend such loans to others. The… Read More

July 11, 2024 @ 8:31 am By Omar Faridi  |  

Data generated by Pitchbook and posted by Innovate Finance, a UK-based group that supports the Fintech community, highlights global Fintech funding trends in the first half of 2024. The data includes both equity and debt funding raises. Fintech has been a significant success story “for… Read More

July 11, 2024 @ 8:17 am By Omar Faridi  |  

46% of Gen Zers (ages 18-27) rely on financial assistance from parents and family, according to new research from Bank of America’s (NYSE: BAC) Better Money Habits financial education team. In addition, 52% of those surveyed said “they don’t make enough money to live the… Read More

July 10, 2024 @ 11:51 pm By Omar Faridi  |  

After a “record breaking” 3-night run at the Aviva Stadium that left concert goers still trying to ‘Shake Off’ the Taylor Swift effect, the latest Bank of Ireland Spending Pulse analyzing debit and credit card spending reveals the economic impact of her visit. Analyzing 27th… Read More

July 10, 2024 @ 11:44 pm By Omar Faridi  |  

Pilot‘s CFO Services team recently published their Q1 Market update on the Venture Capital landscape. Their main takeaways are as follows: Deal activity in Q1 remained roughly flat QoQ, but varied by segment: pre-seed and seed-stage saw notable declines while late-stage saw moderate increases, with… Read More