General News

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

June 8, 2024 @ 9:55 am By Omar Faridi  |  

For a long time, the German property industry experienced a boom, but with increasing regulation and rising cost and efficiency pressure, “the pressure on companies to innovate is increasing,” according to report from KPMG. The majority of companies have recognized the need “for more innovation,… Read More

June 7, 2024 @ 7:14 am By Omar Faridi  |  

London Stock Exchange Group plc (LSEG) recently announced that Pascal Boillat has been appointed as Chief Operating Officer (COO). Pascal will join the Group on 1 July 2024, reporting to David Schwimmer. Based in New York, Pascal will reportedly “lead LSEG’s global operations division supporting… Read More

June 6, 2024 @ 12:58 pm By Omar Faridi  |  

CME Group, the derivatives marketplace, reported its May 2024 market statistics set a new average daily volume (ADV) record of 26 million contracts for the month, “up 4% from May 2023.” The company’s interest rate and metals products also “reached May ADV records, as its… Read More

June 6, 2024 @ 10:23 am By JD Alois  |  

While stating the 2% target rate of inflation is still in place, the European Central Bank (ECB) has cut benchmark rates by 25 basis points. The ECB said the European economy is starting to grow, and they anticipate the 2% target will be hit in… Read More

June 6, 2024 @ 9:46 am By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, today announced Stephen Simcock as the company’s new general counsel. Simcock – who has spent more than three decades helping retail… Read More

June 5, 2024 @ 10:03 am By Omar Faridi  |  

Nowadays, cybersecurity has become a paramount concern for organizations of all sizes and industries. As cyber threats continue to evolve in complexity and sophistication, businesses are increasingly turning “to cybersecurity vendors for innovative solutions to safeguard their sensitive data.” However, in the ever-changing world of… Read More

June 4, 2024 @ 9:36 am By Omar Faridi  |  

DNA Payments has grown its portfolio of POS alternative payment methods by launching Alipay+, a suite of cross-border mobile payment and digitalisation technology solutions operated by Ant International. Alipay+ will allow over 50,000 UK merchants “using DNA Payments’ POS terminals to accept direct payments from… Read More

June 4, 2024 @ 7:14 am By Omar Faridi  |  

Playing the lottery can be fun – there’s a slim chance you might win a life-changing sum of money, the PensionBee team notes in a blog post. However, new modelling from PensionBee, reveals if the approximately 50% of UK adults who regularly “enter the National… Read More

June 4, 2024 @ 6:53 am By Omar Faridi  |  

The UK’s Payment Systems Regulator (PSR) has announced recently that David Geale has been appointed Interim Managing Director of the PSR with effect from 10 June. The interim appointment will be for a period of nine months. David joins the PSR from the FCA where… Read More

June 3, 2024 @ 11:41 pm By Omar Faridi  |  

Singapore recently released the Environmental Crimes Money Laundering (ML) National Risk Assessment (NRA) which identifies the key threats and vulnerabilities in environmental crimes ML that Singapore “is exposed to, and outlines mitigation measures which government agencies, financial institutions (FIs) and Designated Non-Financial Businesses and Professionals… Read More

June 3, 2024 @ 4:09 pm By Omar Faridi  |  

The EY Future Consumer Index (FCI), a global study surveying 23,000 consumers across 30 countries, including 1,500 in the US, indicated that US consumers are optimistic “about the future, with 77% of consumers noting that they think their lives are the same or better now… Read More

June 3, 2024 @ 3:12 pm By Omar Faridi  |  

Lower inflation and expectations of interest-rate cuts on global financial markets have helped loosen financial conditions, which has reduced near-term risks, according to an update from Sweden’s Riksbank. However, Riksbank points out that there “is considerable uncertainty, and if policy rates remain high for a… Read More

June 3, 2024 @ 11:11 am By JD Alois  |  

Insurtech Cover Whale Insurance Solutions, Inc. has hired Rachael Dugan as its first General Counsel & Corporate Secretary. The company states that Dugan will lead all legal, compliance, corporate governance and regulatory affairs matters for the company and report directly to CEO Dan Abrahamsen. She… Read More