General News

July 10, 2024 @ 7:45 am By Omar Faridi  |  

Global institutions are partnering with Pyth Network to shape the future of finance. That trend continues today as we welcome onboard AMINA Bank, a fully licensed Swiss bank and pioneer in the financial industry, as a market data provider to the network. AMINA Bank is… Read More

July 10, 2024 @ 7:07 am By Omar Faridi  |  

The Basel Committee on Banking Supervision has released a consultative document proposing Principles for the sound management of third-party risk in the banking sector. Ongoing digitalization has led to rapid “adoption of innovative approaches in the banking sector.” As a result, banks have become increasingly… Read More

July 10, 2024 @ 7:04 am By Omar Faridi  |  

Business activity grew in nine UK nations and regions in June, after having risen in all 12 in the previous month, the latest NatWest Regional Growth Tracker showed. The NatWest Regional Growth Tracker Business Activity Index is said to be “the first fact-based indicator of… Read More

July 9, 2024 @ 9:14 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) have announced that major retail banks in Singapore will progressively phase out the use of One-Time Passwords (OTPs) for bank account login by customers who are digital token users within the… Read More

July 9, 2024 @ 4:19 pm By Omar Faridi  |  

Payments Canada is pleased to announce the election of Matthew Parker-Jones and Kevan Cowan to its Board of Directors. Payments Canada confirmed that Matthew will serve as a Member Director and Kevan as an Independent Director on the board. Payments Canada further noted that Matthew… Read More

July 9, 2024 @ 2:13 pm By Omar Faridi  |  

CME Group, the derivatives marketplace, announced the appointment of Mike Dennis as Global Head, Fixed Income. In this position, Dennis will oversee “the company’s largest, most actively traded global benchmark futures and options contracts on SOFR and U.S. Treasuries, including the 30-year bond, 10-, 5-… Read More

July 9, 2024 @ 8:31 am By Omar Faridi  |  

The German government reportedly owns about $2 billion worth of Bitcoin (BTC) and this appears to a matter of concern for cryptocurrency investors. That’s because the nation’s government has been aggressively selling BTC that it had previously seized from an illegal website that has now… Read More

July 9, 2024 @ 8:21 am By Omar Faridi  |  

The KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, signalled a further decline in permanent placements in June as general election uncertainty and reduced demand for workers weighed on hiring activity. Companies instead looked to temporary solutions “for their staffing needs,… Read More

July 8, 2024 @ 10:00 am By JD Alois  |  

  The British Business Bank has announced the Growth Guarantee Scheme, which aims to help smaller businesses access the growth capital. The program is the successor to the Recovery Loan Scheme, which was published today. The Bank said the program is expected to support around… Read More

July 7, 2024 @ 4:55 pm By Omar Faridi  |  

Productivity growth goes in cycles and Australia is currently within the normal bounds of a low productivity growth period, rather than a “crisis” as commonly characterized, according to a research report from KPMG. However, there would be cause for concern if this downturn continues to… Read More

July 7, 2024 @ 11:47 am By Omar Faridi  |  

British Business Bank doubles existing ENABLE Guarantee transaction with Oxbury Bank to £200m, including innovative new green finance structure. The original £100m transaction was announced in November 2023 – “supporting more than £140m of lending into the rural economy in less than six months.” The… Read More

July 7, 2024 @ 3:47 am By Omar Faridi  |  

Plaid has released its State of Diversity, Equity, Inclusion, and Belonging (DEIB) report. In this year’s report, Plaid commented on the progress made from the previous year and their reflections on how their DEIB efforts have “grown at Plaid—including their focus on sustainability and creating… Read More

July 6, 2024 @ 7:51 pm By Tony Zerucha  |  

Alloy, an identity risk management platform for companies that offer financial products, announced this week that Kathryn Cook has joined the company as its new chief marketing officer. Cook joins the company following nine years at nCino, an Alloy partner and provider of cloud banking for the… Read More

July 6, 2024 @ 1:51 pm By Omar Faridi  |  

UK’s PensionBee, an online pension provider, has officially responded to the 2024 General Election result. Becky O’Connor, Director of Public Affairs at PensionBee, commented: “Today, we welcome a new government, and as they take office, we anticipate significant advancements in several key areas of pension… Read More

July 5, 2024 @ 3:49 pm By Omar Faridi  |  

Bank of Ireland is recruiting for 100 technology roles to support digital projects across the Group. The roles will help drive some of the Group’s most important technology projects “including new customer features on digital channels, protecting customers against fraud, and advanced data analytics.” The… Read More

July 5, 2024 @ 11:36 am By Omar Faridi  |  

A California bankruptcy Judge has reportedly issued a warning to MongoDB, a database company, against deleting sensitive customer data. Ongoing efforts to give back millions to clients currently locked out of their Fintech apps are now linked to a heated dispute between Fintech platform Synapse… Read More

July 5, 2024 @ 8:29 am By Omar Faridi  |  

UK Finance, in partnership with Global Counsel, has reportedly “developed a set of briefing papers on the key themes central to the debate around the UK’s capital markets and competitiveness more generally.” These themes are as follows: Risk and reward – risk is key to… Read More

July 5, 2024 @ 8:23 am By Omar Faridi  |  

Following a technical recession in the second half of 2023, the UK economy has shown tentative signs of renewed momentum, “with growth of 0.5% expected this year, and 0.9% in 2025,” according to the latest KPMG Global Economic Outlook. The report finds a number of… Read More

July 4, 2024 @ 4:28 pm By Omar Faridi  |  

CBInsights has released the State of Venture Q2’24 Report CB Insights notes that you may review the latest investment data to make more well-informed decisions. According to the update from CBInsights, AI startups steal the show, “grabbing nearly a third of all funding, while the… Read More

July 3, 2024 @ 9:02 am By Omar Faridi  |  

Limited progress has been made by non-euro area Member States of the European Union (EU) on economic convergence with the euro area since 2022, according to the 2024 Convergence Report of the European Central Bank (ECB). This is mainly due to challenging economic conditions, the… Read More