General News

May 6, 2024 @ 9:52 am By JD Alois  |  

Previously known as Tech Coast Angels, NuFund is reporting its 100th investment. Angel groups tend to support startups in their infancy, shouldering great risk while backing promising young firms. While many of their investments will go belly up, Angel groups are a vital variable to… Read More

May 5, 2024 @ 6:03 pm By Omar Faridi  |  

Billtrust, a B2B order-to-cash and digital payments firm, has announced that Brian Daniell has joined the company as Chief Customer Officer. Committed to customer education and enablement, Brian will “oversee global customer operations and strategy and report to CEO Sunil Rajasekar.” He joins Billtrust at… Read More

May 5, 2024 @ 5:49 pm By Omar Faridi  |  

Retail investors have been active in the stock market. In fact, there’s been a sharp increase in retail ETF activity in Q1 2024, according to the Autorité des Marchés Financiers (AMF). Each quarter, the Autorité des Marchés Financiers (AMF) in France “provides an overview of… Read More

May 4, 2024 @ 1:59 pm By Omar Faridi  |  

CME Group, the derivatives marketplace, reported its April 2024 market statistics set a new average daily volume (ADV) record of 26.5 million contracts for the month, up 33% from April 2023, with double-digit growth across all asset classes. Additionally, interest rate, equity index, foreign exchange… Read More

May 4, 2024 @ 11:57 am By Tony Zerucha  |  

Feedzai, a provider of anti-fraud and financial crime software, this week appointed David Larson as its new chief financial officer. Founded in 2011, Feedzai’s RiskOps platform protects approximately one billion people, analyzing more than $6 trillion in payments at 3,000 transactions per second to prevent… Read More

May 4, 2024 @ 9:33 am By Omar Faridi  |  

A majority of small and mid-sized business owners expect their revenues to increase this year, and their worries over a recession have declined substantially, according to the 2024 Bank of America Business Owner Report, conducted in partnership with Bank of America Institute (NYSE: BAC). While… Read More

May 3, 2024 @ 7:02 pm By Omar Faridi  |  

A delegation comprising executives from 11 Azerbaijani banks, under the leadership of the Governor of the Central Bank of Azerbaijan, embarked on a mission to the United States. Organized by the U.S.-Azerbaijan Chamber of Commerce (USACC), a Washington, D.C.-based trade association, in partnership with Azerbaijan… Read More

May 3, 2024 @ 12:44 pm By Tony Zerucha  |  

DailyPay, a leading provider of earned wage access, this week announced that Brett Pitts has joined its board of directors. Pitts, an accomplished leader in the banking and payments industries, brings decades of experience to DailyPay from prominent financial institutions and financial services companies where he drove… Read More

May 3, 2024 @ 8:31 am By Omar Faridi  |  

Zopa Bank, which began operations as a P2P lending platform but has evolved into a digital bank, has reportedly surpassed £4 billion in customer deposits. Zopa Bank says it achieved this milestone in under 4 years since acquiring its banking license. It has helped that… Read More

May 2, 2024 @ 3:16 am By Omar Faridi  |  

Nova Credit’s second UK partnership provides one of the country’s top 10 building societies with access to foreign credit histories to get more mortgage finance into the hands of skilled and professional new-to-country UK applicants. In line with their UK expansion strategy, we’re excited to… Read More

May 1, 2024 @ 10:52 pm By Omar Faridi  |  

Lloyds Bank’s latest Business Barometer has found that overall business confidence is unchanged in April – staying at 42%. The result means the overall confidence figure “remains at an elevated level compared to the Barometer’s long-term average (28%), with only January 2024 seeing businesses report… Read More

May 1, 2024 @ 3:46 pm By JD Alois  |  

The US Federal Reserve’s Federal Open Market Committee (FOMC) decided to hold rates steady today. While no one was expecting a move in either direction, markets were keenly watching the FOMC statement to determine the Fed’s thinking regarding future rate adjustments. The target range for the… Read More

May 1, 2024 @ 8:02 am By Omar Faridi  |  

The Malta Financial Services Authority (MFSA), through its Financial Supervisors Academy (FSA), recently carried out a session focused on “The Future of Securities Supervision: A 2035 Outlook.” Chaired by MFSA Chief Officer Supervision, Christopher P. Buttigieg, the discussion brought together figures from European Union regulatory… Read More

May 1, 2024 @ 7:54 am By Omar Faridi  |  

Monument Bank is pleased to announce a significant milestone in their journey of growth. After reaching £1 billion in deposits on 3rd January this year, they have now reportedly “crossed the £2 billion mark in client deposits this morning, doubling their balances in less than… Read More

April 30, 2024 @ 6:36 pm By Omar Faridi  |  

The majority of Australia’s mid-market businesses are still feeling cautiously optimistic, the annual KPMG Enterprise pre-Budget survey finds. But nearly a quarter say business growth is “being significantly impacted by the cost of living, while cost and margin pressures are the top concern of mid-market… Read More

April 30, 2024 @ 10:26 am By Omar Faridi  |  

UK small business hiring continued to show signs of recovery in the face of a challenging macroeconomic environment, with employment rising 1.4% year-on-year (y/y) in the first quarter of the year (January-March 2024). According to the latest Xero Small Business Insights (XSBI) data from global… Read More

April 29, 2024 @ 5:42 pm By Omar Faridi  |  

Carta has released its latest report, titled, State of Pre-Seed: Q1 2024. Carta notes in the research report that fundraising for pre-seed companies “stayed robust in Q1 2024, dominated by SAFEs and convertible notes; valuation caps remained flat.” While commenting on the actual definition/criteria for… Read More

April 29, 2024 @ 3:38 pm By Omar Faridi  |  

Equifax (NYSE: EFX) Workforce Solutions continues to help businesses transform the employee experience with the launch of Forms HQ, a new offering designed to help automate the delivery, completion, and tracking of essential employee forms, “including those related to onboarding, tax withholding, state requirements, annual notices,… Read More

April 29, 2024 @ 7:29 am By Omar Faridi  |  

Liz Oakes has been appointed and Carolyn Wilkins has been reappointed as external members of the Financial Policy Committee (FPC), the Chancellor of the Exchequer, Jeremy Hunt, has announced. The Chancellor of the Exchequer, Jeremy Hunt, has appointed Liz Oakes as “an external member of… Read More

April 29, 2024 @ 7:12 am By Omar Faridi  |  

Bank of Ireland is investing more than €4 million in a range of financial literacy initiatives as part of its long-running national Financial Wellbeing campaign. Over 2024 and 2025 this investment, with a particular “focus on youth financial literacy, will help equip people with the… Read More