General News

May 20, 2024 @ 11:37 pm By Omar Faridi  |  

The Basel Committee on Banking Supervision recently released a report that considers the implications of the ongoing digitalization of finance on banks and supervision. The report builds on the Sound Practices: implications of fintech developments for banks and bank supervisors released in 2018, and “takes… Read More

May 20, 2024 @ 11:09 am By JD Alois  |  

The Crowdfunding Professional Association (CfPA) has issued a Policy Platform containing eighteen recommendations for the investment crowdfunding industry. The CfPA believes the recommendations will help to fuel the growth of online capital formation using the Reg CF securities exemption. Brian Christie, the 2024 President of… Read More

May 20, 2024 @ 9:05 am By Omar Faridi  |  

A new report by EUROCROWD titled “Crowdfunding’s Role in Catalyzing Local and Rural Development in Spain” in collaboration with the Universidad Camilo José Cela, UAM Universidad Autonoma de Madrid Centro de Investigación sobre Justicia Administrativa, and Simbiosis HUB, “delves into the extensive impact of crowdfunding… Read More

May 20, 2024 @ 7:31 am By Omar Faridi  |  

Financial stability in the euro area has benefited from an improving economic outlook, with inflation steadily declining and investor confidence recovering, according to the May 2024 Financial Stability Review, which was released by the European Central Bank. The outlook remains fragile, however, as the “scope… Read More

May 19, 2024 @ 8:37 am By Tony Zerucha  |  

Sift, the AI-powered anti-fraud platform securing digital trust for leading global businesses, recently announced the availability of trend data for two new fraud metrics in the Fraud Industry Benchmarking Resource. The Fraud Industry Benchmarking Resource is powered by Sift’s Global Data Network, which analyzes more… Read More

May 19, 2024 @ 7:22 am By Omar Faridi  |  

France Mayer has reportedly been appointed Retail Investor Relations and Protection Director at the Autorité des Marchés Financiers (AMF). France Mayer is currently Market Intermediaries Supervision Director “at the Data and Markets Directorate of the Autorité des Marchés Financiers (AMF).” She will take over as… Read More

May 18, 2024 @ 10:23 am By Omar Faridi  |  

Bank payment company GoCardless has appointed Jolawn Victor as its Chief Growth Officer. Victor is said to have previously “held C-suite and executive roles at PepsiCo, Headspace and most recently, Intuit, where she was Vice President and Country Manager of Intuit UK with ownership of… Read More

May 17, 2024 @ 1:43 pm By Omar Faridi  |  

Countries need to urgently step up their efforts to target the huge illicit profits generated by transnational organized crime that facilitate conflicts, fund terrorism, and negatively impact vulnerable populations, according to an update shared by FATF. This was the unprecedented call to action from the… Read More

May 17, 2024 @ 8:56 am By Omar Faridi  |  

Deloitte’s 2024 Gen Z and Millennial Survey connected with nearly 23,000 respondents across 44 countries, examining the evolving circumstances shaping the workplace and the societal experiences of these generations globally. Elizabeth Faber, Deloitte Global Chief People & Purpose Officer, said: “This year’s survey spotlights two… Read More

May 16, 2024 @ 10:39 pm By Omar Faridi  |  

Consumers are willing to spend an average of 9.7% more on sustainably produced or sourced goods, even as cost-of-living and inflationary concerns weigh, according to PwC’s 2024 Voice of the Consumer Survey, released recently. The survey, which collected “the perspectives of more than 20,000 consumers… Read More

May 16, 2024 @ 6:11 pm By Omar Faridi  |  

Nucleus Financial Platforms, one of the UK’s independent, adviser platform groups, has announced the appointment of two new Non-Executive Directors (NEDs) to its board. Cathryn Riley, who started on 1 May, will “chair the remuneration committee, and Clare Bousfield will join on 1 July and… Read More

May 16, 2024 @ 4:52 pm By Omar Faridi  |  

Many prospective homebuyers fear the long-term consequences of renting, including 70% who feel they’re not making a long-term investment in their future, and 72% who worry that rent increases could affect their current and long-term finances, according to a Bank of America (NYSE: BAC) Homebuyer… Read More

May 16, 2024 @ 8:31 am By Omar Faridi  |  

UK consumers are expecting to save more this year yet are unaware that the interest earned on their savings could result in being eligible to pay tax, according to an update from NatWest. Almost a third (31%) of savers are “expecting to save more and… Read More

May 15, 2024 @ 7:07 pm By JD Alois  |  

A report shared at the most recent meeting of the SEC’s Small Business Capital Formation Access Committee (SBCFAC) on women and minority-owned businesses participating in Reg CF (Regulation Crowdfunding) provides an update on exits for firms utilizing the securities exemption. Authored by Melody Change, PhD,… Read More

May 15, 2024 @ 9:28 am By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) released financial results for the three months ended March 31, 2024, for both itself and Galaxy Digital Holdings LP. Galaxy says that it continues “to work on completing its proposed reorganization and domestication to become a Delaware-incorporated company and… Read More

May 15, 2024 @ 9:01 am By Omar Faridi  |  

More than one-third of American consumers have been victimized by fraud while using gig economy platforms, like delivery and ride-sharing apps, according to a new report from TransUnion (NYSE: TRU). This represents a 21% increase from its last survey of gig-economy consumers in July 2023…. Read More

May 14, 2024 @ 1:13 pm By JD Alois  |  

Stating they are one of the very few VC firms that are truly global, Accel is reporting that it is raising a $650 million fund to support early-stage ventures in Europe and Israel. Accel opened its London office in 2000 as one of the first… Read More

May 14, 2024 @ 1:03 pm By Omar Faridi  |  

The US transition to a T+1 settlement cycle is only two weeks away, and DTCC says that it continues to actively work with the industry and regulators to ensure a seamless transition to a T+1 settlement cycle on May 28th, 2024, with a focus “on… Read More

May 14, 2024 @ 10:34 am By Omar Faridi  |  

According to the UK’s Financial Conduct Authority (FCA), 24% of UK adults have expressed low confidence in handling their money, and 38% admitted to having low knowledge of financial matters. But as the cost-of-living crisis rumbles on, with precious little relief offered by the Government’s… Read More

May 14, 2024 @ 8:32 am By Omar Faridi  |  

Business activity continued to rise across almost all UK nations and regions during April, latest Regional PMI survey data from NatWest showed. Just half of areas saw an increase in employment, however, with businesses “facing a sharp, wage-led rise in costs.” The PMI Business Activity… Read More