General News

May 13, 2024 @ 9:16 am By Tony Zerucha  |  

BlueSnap, a global payment orchestration platform for B2B and B2C businesses, this week announced the appointment of Brian Greenfield as chief financial officer. Greenfield brings more than twenty years of experience in both financial and senior executive leadership roles with global venture-backed companies across multiple… Read More

May 13, 2024 @ 8:41 am By Omar Faridi  |  

Driven by the prospect of higher interest rates, lower fees, and around-the-clock access, new customers flocked to digital banks during the past year. This, according to research and key findings shared in a new banking sector report. For the most part, the direct banking institutions… Read More

May 13, 2024 @ 7:46 am By Omar Faridi  |  

Carta has released their State of Private Markets: Q1 2024 report. Carta notes that the venture capital fundraising market “remained slow in Q1 2024, but valuations held steady or climbed at almost every stage.” Carta also mentions that the startup fundraising market “got off to… Read More

May 13, 2024 @ 7:44 am By Omar Faridi  |  

Cloudflare, Inc. (NYSE: NET), the connectivity cloud company, announced a partnership with the United States Department of Treasury and Pacific Northwest National Laboratory (PNNL) under the US Department of Energy in order “to improve the cyber resilience of the financial services industry by sharing an… Read More

May 13, 2024 @ 7:00 am By Omar Faridi  |  

Remitly is pleased to introduce our new Chief People Officer, Ronit Peled. Remitly is an international payments company that “leverages digital channels, including mobile phones, to send money internationally.” Remitly’s digital products are said to be “fundamentally faster, less expensive, and far more convenient for… Read More

May 12, 2024 @ 10:03 am By Omar Faridi  |  

Mainstream media headlines this past week read something like “FTX Has Billions More Than Needed to Pay Bankruptcy Victims” and “FTX says most customers of the bankrupt crypto exchange will get all their money back.” However, digital asset investor Anthony Pompliano has explained why this… Read More

May 11, 2024 @ 5:30 pm By Omar Faridi  |  

Widespread concerns are growing among US employees about escalating cybersecurity threats in the workplace, with 53% worried their organization will be the target of a cyber attack and a third (34%) worried that they may be the ones leaving their organization vulnerable due to their… Read More

May 11, 2024 @ 5:22 pm By Omar Faridi  |  

Validata announces the extension of their long-standing global, technology partnership agreement with Temenos and has extended its integration with Temenos core banking to provide banks and Electronic Money Institutions (EMIs) with “a cost-effective solution for Cash and Nostro reconciliation including payments investigations and case management,… Read More

May 11, 2024 @ 8:48 am By Omar Faridi  |  

April’s KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, signaled a further decline in permanent placements made by UK recruitment consultants. There were reports of a heightened caution “amongst clients, with firms reportedly holding back on recruitment.” However, the overall fall… Read More

May 10, 2024 @ 2:36 pm By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a global provider of payments and financial technology, announced that WaFd Bank has selected CashFlow Central from Fiserv to enhance its robust small business banking offerings. WaFd Bank small business customers will be “able to access a full range of capabilities… Read More

May 10, 2024 @ 9:44 am By Omar Faridi  |  

Gen Z consumers are tapping into credit at higher levels than their Millennial counterparts did in the early stages of adulthood (ages 22-24). TransUnion (NYSE: TRU) released these findings at the company’s 2024 Financial Services Summit. The new TransUnion study, Solving for Z, “explored credit… Read More

May 9, 2024 @ 9:10 pm By Omar Faridi  |  

Symphony – the markets infrastructure and technology platform – is expanding its global footprint by establishing a commercial office in the Middle East. The new office will be located in Abu Dhabi Global Market (ADGM), the international financial center of the UAE’s capital, “underlining Symphony’s… Read More

May 9, 2024 @ 10:38 am By Omar Faridi  |  

The Payment Systems Regulator (PSR) is proposing to direct banks and other payment firms participating in CHAPS to reimburse their customers who have been victims of authorised push payment (APP) scams. The PSR’s direction will underpin the Bank of England’s new CHAPS reimbursement rules. In… Read More

May 9, 2024 @ 8:08 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM), a Fintech focused on BNPL services, delivered another set of solid results/earnings in their third fiscal quarter. Affirm is reporting $6.3 billion in gross merchandise volume (GMV). The Fintech firm is reporting $576 million in revenue, $231 million in revenue less transaction… Read More

May 9, 2024 @ 8:01 am By Omar Faridi  |  

Varo Bank, a federally chartered digital bank, has shared research about the impact of inflation on cash-sensitive consumers in a new Wealth Watch Insights report. The data shows the strain inflation has caused for this demographic, “with 89% of respondents reporting that they now rely… Read More

May 8, 2024 @ 3:57 pm By Omar Faridi  |  

Research from RedCompass Labs, a firm focused on payments modernization, has revealed that US banks are failing to meet demand for instant payments. The report, “Time to leave legacy behind? Instant payments in the US”,  “surveyed 300 senior payment professionals in US banks to get… Read More

May 8, 2024 @ 11:06 am By Omar Faridi  |  

Rent prices have surged in recent years, and wages have not kept pace, according to an update from real estate tech firm Zillow (Nasdaq: Z and ZG). While last year was a bright spot — wages grew faster than rents nationally and in almost half… Read More

May 7, 2024 @ 11:23 am By JD Alois  |  

British Business Investments says it has committed to £50 million in a private credit co-investment along with DunPort Capital Management. The funds will help create the co-investment vehicle, Alder Corporate Credit DAC. The funds will be used to support smaller firms in the UK with… Read More

May 6, 2024 @ 7:11 pm By Omar Faridi  |  

Poor investment governance could cost asset owners, and in turn their customers, significant sums – in the case of a super fund member as much as $500,000 over their working lives, a new report by KPMG Australia and Frontier Advisors finds. A survey of institutional… Read More

May 6, 2024 @ 10:59 am By Omar Faridi  |  

The majority (85%) of consumers know what they need to do to be more energy efficient and the same proportion (84%) believe they are making efforts to achieve this, according to EcoSaver research commissioned by Bank of Ireland with Red C. While the vast majority… Read More