General News

June 19, 2024 @ 4:34 pm By Omar Faridi  |  

wefox investors have reportedly proposed €25 million capital injection to potentially stop the Ardonagh deal. London-listed Chrysalis Investments is said to be among the shareholders expected to provide €25 million into what was once one of Europe’s largest Insurtech firms, Sky News reported. Two of… Read More

June 18, 2024 @ 11:08 pm By Omar Faridi  |  

The ACPR and AMF Joint Unit for Insurance, Banking and Retail Investment has released its 2023 Annual Report. Over the last two years, rising interest rates and inflation have “changed retail investors’ expectations of financial products, leading the authorities to adapt their supervision of commercial… Read More

June 18, 2024 @ 8:56 am By Omar Faridi  |  

More parts of the UK economy grew in May than at any time in the last 15 months, according to the latest Lloyds Bank UK Sector Tracker. While the overall rate of output growth across the economy “slowed marginally in May (53.0 vs. 54.1 in… Read More

June 17, 2024 @ 10:26 am By Omar Faridi  |  

Laura Bayley, Head Clearing Services, SIX, has been appointed as new SWIFT Board Member, the world’s provider of secure financial messaging services. SWIFT’s Board composition is designed to “ensure SWIFT‘s global relevance, support its international reach and uphold its strict neutrality.” Laura Bayley is Head… Read More

June 16, 2024 @ 10:22 pm By Omar Faridi  |  

N26 recently announced the appointment of Peter Kleinschmidt to the Supervisory Board of N26 AG following its 2024 Annual General Meeting. Peter, an avid investor in startups with a focus “on new and emerging technology, brings decades of experience in the financial services, banking and… Read More

June 16, 2024 @ 3:57 pm By Omar Faridi  |  

Hometree, a residential energy services company, has raised £250m in debt financing from Barclays to help homeowners finance the installation of solar panels, battery storage systems, and heat pumps through a range of lease and loan products. The zero-deposit payment options are uniquely “designed for the… Read More

June 15, 2024 @ 10:32 pm By Omar Faridi  |  

Xero, the global small business platform, released regional and industry data about small business labor productivity. The Xero Small Business Insights (XSBI) report, Small business productivity: Industry and regional trends, is based “on anonymized and aggregated data from more than 240,000 Xero small business customers… Read More

June 15, 2024 @ 5:56 pm By Tony Zerucha  |  

TransUnion’s Q2 2024 Consumer Pulse study shows that consumer concerns about inflation and interest rates reached their highest levels in two years. Despite these concerns, they come as 55% of Americans remain optimistic about their household finances over the next year – the same percentage observed in Q2… Read More

June 15, 2024 @ 9:07 am By Tony Zerucha  |  

This week, professional services firm Manatt, Phelps & Phillips, LLP announced the arrival of financial services partner Mike Katz in its New York office. Most recently overseeing legal, regulatory and policy across deals, strategic advisory and regulation for a venture capital firm in the digital asset… Read More

June 15, 2024 @ 7:00 am By Omar Faridi  |  

UK Finance released its latest Household Finance Review for Q1 2024, exploring trends across household, spending, saving, and borrowing. Mortgage borrowing in Q1 was down “compared with the same period the year before, despite growth in mortgage applications at the end of 2023.” Consumer spending… Read More

June 14, 2024 @ 10:47 pm By Omar Faridi  |  

Almost two-thirds (63%) of companies say they are very or extremely confident that they will be ready to report under the EU’s new Corporate Sustainability Reporting Directive (CSRD), according to PwC’s inaugural 2024 Global CSRD Survey, published today. The global survey, of more than 500… Read More

June 14, 2024 @ 7:00 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system. Integrating climate risk analysis into… Read More

June 14, 2024 @ 5:17 pm By Omar Faridi  |  

The world of SaaS startup fundraising is unique, according to an extensive update from Capchase. It’s fast-paced, data-heavy, and can be “unpredictable at times,” Capchase notes in a blog post. As explained by Capchase, today’s funding landscape “has more to offer founders than ever before.”… Read More

June 14, 2024 @ 12:28 pm By Omar Faridi  |  

Smart Pension, one of the UK’s workplace pension providers serving more than 1.4 million UK workers, and Wahed, the Islamic digital investment platform, have launched a new campaign supporting greater diversity and inclusion within workplace pension schemes. The initiative encourages Muslim employers and savers to… Read More

June 13, 2024 @ 10:15 pm By Omar Faridi  |  

TransUnion’s (NYSE: TRU) Q2 2024 Consumer Pulse study found that consumer concerns about inflation and interest rates reached their highest levels in two years. Despite these concerns, they come “as 55% of Americans remain optimistic about their household finances over the next year – the… Read More

June 13, 2024 @ 2:11 pm By JD Alois  |  

Financement Participatif France (FPF) – the French crowdfunding association, and France Fintech (FFT) have announced a merger of the two organizations. According to a note from the two groups, FFT currently represents over 350 members and 100 partners operating in the Fintech sector. FPF represents… Read More

June 13, 2024 @ 1:12 pm By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, announced the launch of FICC’s interactive, public-facing Capped Contingency Liquidity Facility (CCLF) Calculator. With the expansion of central clearing in U.S. Treasuries “on the horizon and given the size of transactions in the U.S…. Read More

June 13, 2024 @ 9:39 am By JD Alois  |  

Anchorage Digital Bank, a federally chartered digital bank that serves the digital asset sector, has appointed Connie Shoemaker, a former Goldman Sachs executive, to its Board of Directors. Shoemaker currently serves as Chief Operating Officer and Chief Financial Officer of Bridgewater Associates Holdings, Bridgewater’s parent company…. Read More

June 13, 2024 @ 8:50 am By Omar Faridi  |  

Latest Regional PMI survey data from NatWest showed a broad-based increase in business activity across the UK in May, with growth being recorded simultaneously in “all 12 nations and regions monitored for the first time in more than a year.” At the same, there was… Read More

June 12, 2024 @ 10:43 pm By Omar Faridi  |  

Xero, the global small business platform, has released research highlighting how Australian small businesses think and feel about the end of financial year (EOFY). The survey of more than 1000 small business owners and decision makers “revealed 71% consider this time of year stressful, and… Read More