General News

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

June 12, 2024 @ 12:40 pm By JD Alois  |  

While it should be obvious to everyone, high individual taxes hinder investment and innovation and diminish wealth creation – which can create benefits for all. The flipside to high taxes is a central authority that provides more social services, or entitlements, to the population while… Read More

June 12, 2024 @ 8:23 am By Omar Faridi  |  

The KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, pointed to another reduction in permanent placements made by UK recruitment consultants in May. Delayed decision making and a lack of demand “amongst companies were reported to have weighed on recruitment activity.”… Read More

June 12, 2024 @ 4:11 am By Omar Faridi  |  

Genesis Global announced bold new initiatives to make it easier and faster for financial markets firms to address their most pressing, strategic and innovative software opportunities with the Genesis Application Platform. Facilitated by Version 8 of the Genesis platform (G8), released recently, the new initiatives… Read More

June 11, 2024 @ 4:26 pm By Tony Zerucha  |  

This week, FIS launched its Climate Risk Financial Modeler. The new SaaS risk offering aims to help businesses across all industries better assess, reduce and report their exposure to the physical risks of climate change. The Climate Risk Financial Modeler harmonizes client data with third-party… Read More

June 11, 2024 @ 1:05 pm By JD Alois  |  

S&P Global Market Intelligence has issued a report indicating that venture capital (VC) and private equity (PE) investments may be rebounding. The past couple of years have been challenging for the private securities markets, with many sectors, like Fintech, retrenching. According to S&P’s data, global… Read More

June 11, 2024 @ 10:13 am By JD Alois  |  

Martin Gruenberg, the FDIC Chairman, announced that he was resigning from the agency last month. The news was not unexpected, as egregious reports of sexual harassment and a toxic work environment have challenged the FDIC under his leadership for some time now. The final straw… Read More

June 10, 2024 @ 8:39 am By Omar Faridi  |  

Visa (NYSE: V) recently released a new 2024 Consumer Segment Analysis report unveiling the top digital maturity trends shaping consumers’ financial behavior and how issuers “can keep pace with consumer expectations for seamless, secure digital payments.” Visa’s latest report, in collaboration with Ipsos, provides issuers… Read More

June 10, 2024 @ 5:28 am By Omar Faridi  |  

NCR Atleos Corporation (NYSE: NATL), a firm focused on expanding self-service financial access for financial institutions, retailers and consumers, announced it has deployed its first multi-bank deposit ATMs in the UK. Deposit-taking ATMs are vital “for cash-reliant UK consumers.” Atleos is initially deploying deposit-taking ATMs… Read More

June 9, 2024 @ 5:43 pm By Omar Faridi  |  

TrueAccord’s machine learning engine, HeartBeat, ​​reportedly reaches out to every account placed with a goal of getting them to repay on their own terms when they are ready, versus the one-size-fits all communication “that ignores trends in sentiment and spending habits.” Powered by a combination… Read More

June 9, 2024 @ 4:08 pm By Omar Faridi  |  

NYMBUS, a provider of cloud-based financial technology solutions, is pleased to announce the appointment of Nate Whaley as Chief Revenue Officer (CRO). With a diverse career spanning over four decades, Nate reportedly “brings a wealth of experience and a track record of driving sales and… Read More

June 9, 2024 @ 10:09 am By Omar Faridi  |  

A group of financial institutions and Web3 innovators have contributed to an in-depth paper on a path to achieve interoperability for tokenized assets across public blockchains, private blockchains and legacy systems. Released recently, “Institutional Interoperability: How Financial Institutions Navigate a Multichain World” addresses how to… Read More

June 8, 2024 @ 2:33 pm By Omar Faridi  |  

While many Americans are planning to travel and take a road trip this summer, inflation and high costs on essentials may put a damper on their fun in the sun. This, according to an update from Experian. Experian notes in a blog post that some… Read More