General News

July 2, 2024 @ 6:55 pm By Omar Faridi  |  

A TransUnion (NYSE: TRU) study released today found that consumer affordability challenges and tighter lending restraints are impacting new vehicle originations across the auto industry. The study, Originating Auto Loans With Confidence, “explored trends in auto originations, consumer savings, debt burdens and credit scores in… Read More

July 2, 2024 @ 12:45 pm By Omar Faridi  |  

Ahead of Thursday’s general election, UK’s PensionBee shares its recommendations for potential changes to the pension landscape under a new government. Commitment to ‘pot for life’ Becky O’Connor, Director of Public Affairs at PensionBee, commented: “Although not directly mentioned in the Labor or Conservative manifestos,… Read More

July 2, 2024 @ 7:46 am By Omar Faridi  |  

The Securities and Exchange Commission (SEC) charged Silvergate Capital Corporation, its former CEO Alan Lane, and former Chief Risk Officer (CRO) Kathleen Fraher with allegedly “misleading investors about the strength of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program and the monitoring of crypto customers,… Read More

July 1, 2024 @ 5:47 pm By JD Alois  |  

After an extended period of tepid activity in the private securities markets, private tech firms in Israel experienced an increase in funding during Q2 2024. According to the IVC—Leumitech report, private funding hit $2.9 billion for 110 funding rounds during the second quarter. If you… Read More

July 1, 2024 @ 9:46 am By Omar Faridi  |  

The Malta Financial Services Authority (MFSA) released its Annual Report, highlighting the stability and resilience of the Maltese financial services industry in 2023. Malta’s financial services sector is reportedly “a major player in the country’s economic success.” Between 2022 and 2023, the financial services sector… Read More

July 1, 2024 @ 9:12 am By Omar Faridi  |  

The latest Lloyds Bank Business Barometer has found that overall business confidence fell by 9 points to 41% in June. Despite falling from last month’s highs, this latest confidence reading “is consistent with levels seen during Q1 2024, before the sharp rise in May.” The… Read More

July 1, 2024 @ 9:09 am By Omar Faridi  |  

The Autorité des Marchés Financiers (AMF) has released a summary of its SPOT inspections of financial management delegation arrangements at asset management companies. During short, thematic inspections, the AMF looked “at the delegation arrangements of five asset management companies.” Delegation of financial management is “a… Read More

June 30, 2024 @ 9:29 am By Omar Faridi  |  

The Payments Canada Board of Directors announced the appointment of Susan Hawkins to President and CEO of Payments Canada, effective August 12, 2024. Garry Foster, Chair of the Payments Canada Board of Directors said: “We are thrilled to appoint Susan Hawkins to lead Payments Canada… Read More

June 29, 2024 @ 6:31 pm By Omar Faridi  |  

FloQast recently announced the results of its latest survey, Embracing Financial Transformation: What It Is, Why Organizations Should Want It, and How to Achieve It. The survey released by FloQast explores factors of “both awareness and understanding around the concept of financial transformation among accounting… Read More

June 28, 2024 @ 10:26 pm By Omar Faridi  |  

With the end of financial year (EOFY) around the corner, new research from digital bank, ubank, revealed what’s on the minds of Gen Z and Millennials when it comes to tax time. According to ubank’s research, which “surveyed 1,311 adults between the ages of 18… Read More

June 28, 2024 @ 5:17 pm By Omar Faridi  |  

Retail investors are often seen as overly indexing tech stocks; however, financial services is the most owned sector among this group, according to data from the latest Retail Investor Beat (RIB) from trading and investing platform eToro. In the study of American retail investors, 54%… Read More

June 28, 2024 @ 12:24 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, released the results of a national survey exploring financial language understanding across the UK. The report, part of Klarna’s commitment to “improving greater transparency in the financial industry, reveals millions of UK adults (40 per cent)… Read More

June 26, 2024 @ 11:23 pm By Omar Faridi  |  

The Bank of Ireland has entered a new Enviroflex partnership with Aurivo Co-op. Sustainability-linked loans now available to members of leading agribusiness, according to the update from the Bank of Ireland. As mentioned in a blog post, the Bank of Ireland has formed a new… Read More

June 25, 2024 @ 8:31 am By Omar Faridi  |  

Peterborough is ranked the best city to work for a small business in Britain, according to new research compiled by iwoca, one of Europe’s small business lenders. iwoca’s ‘Top 25 Towns & Cities for SME Jobs’ list ranks areas “using ONS data on average wage,… Read More

June 24, 2024 @ 6:23 pm By Omar Faridi  |  

Federal Trade Commission (FTC) law enforcement actions have reportedly resulted in more than $324 million in refunds to consumers in 2023, the agency said in its annual report on refunds. The FTC Annual Report on Refunds to Consumers provides “a breakdown of the total amount… Read More

June 24, 2024 @ 6:06 pm By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry,  announced that four new Board Members have joined its Board of Directors. The Board plays a critical role in setting “the strategic direction of DTCC, working closely with the firm’s leadership and advising on… Read More

June 24, 2024 @ 8:37 am By Omar Faridi  |  

Germans are increasingly turning to prepaid cards and adjusting their spending habits to manage the ongoing cost of living crisis and to avoid debt, according to a new survey conducted by research firm Opinium, commissioned by online prepaid payment firm Recharge. The survey of 2,000… Read More

June 24, 2024 @ 6:17 am By Omar Faridi  |  

Riskified (NYSE:RSKD), a firm focused on addressing e-commerce fraud and risk intelligence, released the findings from a new pulse survey of 1000 US consumers, providing insights into their attitudes towards the growing problem of “policy abuse,” “whereby consumers knowingly exploit or manipulate a merchant’s terms… Read More

June 24, 2024 @ 1:33 am By Omar Faridi  |  

Danske Bank says it makes it easier to make sustainable investments directly via the Mobile Bank. A new feature from Danske Bank‘s mobile bank reportedly makes customers “more aware of how many sustainable investments they have in their portfolio – and what they can do… Read More

June 23, 2024 @ 11:56 pm By Omar Faridi  |  

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Semi-Annual Report: UK Tech H1 2024. The report, based on Tracxn’s database, provides insights into the UK Tech space. The UK is said to be “the second-highest funded tech startup ecosystem in H1 2024,… Read More