General News

April 22, 2024 @ 8:20 am By Omar Faridi  |  

UK’s Allica Bank is pleased to share that their firm achieved their first full year of profitability in 2023. Just three years since Allica Bank opened their doors to lending, it makes them one of the fastest fintechs in the UK to do so, the… Read More

April 22, 2024 @ 6:58 am By Tony Zerucha  |  

The American Fintech Council, an industry association representing fintech companies, BaaS banks and credit unions, announced this week that Continental Finance has become its newest member. Continental Finance works to provide a variety of services to customers who have been long forgotten by traditional financial… Read More

April 21, 2024 @ 12:46 pm By Omar Faridi  |  

Accenture Federal Services has entered into an agreement to acquire Cognosante, a mission-driven provider of digital transformation and cloud modernization solutions for federal health, defense, intelligence, and civilian agencies. Founded in 2008 by Michele Kang, Cognosante has grown “to become a trusted provider of innovative… Read More

April 21, 2024 @ 10:29 am By Omar Faridi  |  

Andreessen Horowitz has reportedly raised $7.2B for the following venture strategies: American Dynamism ($600M), Apps ($1B), Games ($600M), Infrastructure ($1.25B), and Growth ($3.75B). This marks an important milestone for the firm. When Marc and Ben Horowitz started the firm in 2009, the conventional wisdom in… Read More

April 21, 2024 @ 10:17 am By Omar Faridi  |  

A sense of optimism has pervaded financial markets in recent months, amid investor confidence that the fight against inflation is entering its “last mile” and that central banks will ease monetary policy in the coming months, according to a comprehensive update shared by the International… Read More

April 20, 2024 @ 6:33 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) has opened registration for its fourth edition of the Investment Immersion Program (IIP) as from Wednesday, April 17, 2024 for six weeks. The program is an apprenticeship that aims “to employ and develop local investment professionals.” The program, which comprises… Read More

April 20, 2024 @ 5:24 pm By Omar Faridi  |  

Austrian, French, Italian and Spanish financial market authorities have given their key priorities for a macro-prudential approach to asset management, the AMF noted in a recent update. As the European Commission prepares to launch its consultation on the macro-prudential treatment of risk in asset management,… Read More

April 20, 2024 @ 4:23 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce it has reached an agreement with Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) in order “to expand the scope of eligible exchange-traded funds (ETFs) under Stock Connect.” The eligibility criteria for ETFs… Read More

April 20, 2024 @ 10:20 am By Omar Faridi  |  

Framework Ventures says it has led a $10 million investment round in Uplink, a DePIN network with a goal to democratize access to the internet. Framework Ventures thinks their enterprise-focused approach is the best bet for onboarding the next wave of DePIN users. Uplink explaisn… Read More

April 18, 2024 @ 8:43 am By Omar Faridi  |  

More than a third (36%) of senior leaders in the financial services sector use generative AI at least once a day at work, according to new research from KPMG UK. Of all senior professionals in the sector, CEOs are “the most frequent users (30%) of… Read More

April 18, 2024 @ 8:38 am By Omar Faridi  |  

Revolut, the global financial app with more than 40 million customers worldwide, has  announced the release of its first Financial Crime and Consumer Security Report, containing exclusive scam and fraud insights. The report, based on extensive internal research and data analysis, “aims to shed light… Read More

April 17, 2024 @ 10:53 am By Omar Faridi  |  

Deloitte announced the expansion of its global Generative AI (GenAI) incubator network to include regional hubs in the US, Canada, India, Egypt, Malaysia, Poland, Portugal and Romania—allowing clients to experiment and innovate with GenAI technology, and to develop, deploy, and scale solutions in their local… Read More

April 17, 2024 @ 10:18 am By Omar Faridi  |  

Brite Payments, an enabler of instant bank payments, announced that Luke Trayfoot has joined the company as Chief Commercial Officer (CCO), leading the Stockholm-headquartered fintech’s commercial efforts. The appointment of the former PayPal and Mangopay executive signifies “a new phase in Brite’s journey as it… Read More

April 17, 2024 @ 8:20 am By Omar Faridi  |  

Innovate UK and the British Business Bank have further strengthened their collaboration by signing a Memorandum of Understanding (MoU). As partners dedicated to fostering innovation and growth of UK businesses “across the country, this new collaboration will see the two organizations working even more closely… Read More

April 17, 2024 @ 7:46 am By Omar Faridi  |  

Latest NatWest Regional PMI survey data showed business activity rising almost universally across the UK in March, “supported by a general upturn in demand.” Trends in employment remained “more mixed, with just over half of areas seeing growth in job numbers amid still-strong cost pressures.”… Read More

April 16, 2024 @ 5:59 pm By Omar Faridi  |  

It’s becoming important for businesses to undergo digital transformation, with 54% of global consumers saying that brands lack a deep understanding of customers. The new generation of shoppers, especially Gen Z and millennial consumers, reportedly “want 70% of their interactions with brands to be digital.”… Read More

April 15, 2024 @ 7:57 pm By Omar Faridi  |  

Xero, the global small business platform, today released a Xero Small Business Insights (XSBI) special report which shows Australian small business labor productivity is keeping pace with national productivity growth, but remains below pre-pandemic levels. The report, Small business productivity: Trends, implications and strategies, is… Read More

April 15, 2024 @ 7:52 pm By Omar Faridi  |  

Following the launch of the Anti-Scam Consumer Protection Charter last year, the Hong Kong Monetary Authority (HKMA) announced (10 April), in collaboration with the Hong Kong Association of Banks (HKAB), the launch of the Anti-Scam Consumer Protection Charter 2.0. With the participation of more institutions… Read More

April 15, 2024 @ 5:49 pm By Omar Faridi  |  

More than half of all devices (55%) targeted by password-stealer attacks in 2023 were infected with the Redline malware, Kaspersky Digital Footprint Intelligence has found. As the malware development market continues to flourish with new stealers, such as Lumma, for the last three years Redline… Read More

April 15, 2024 @ 2:04 pm By Omar Faridi  |  

The latest KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, continued to signal falling levels of recruitment activity in March. Amid reports of hiring freezes and cost cutting at clients, recruitment consultants signaled another marked “decline in permanent placements as well… Read More