General News

April 1, 2024 @ 8:55 am By Omar Faridi  |  

Form3, the cloud-native account-to-account platform, launches a new, innovative authorised push payment fraud (APP fraud) prevention solution, powered by Feedzai, the firm focused on anti-fraud and financial crime software. The new product is the first solution, “built using fully supervised machine learning, to leverage collaborative… Read More

April 1, 2024 @ 8:50 am By Omar Faridi  |  

Nucleus Financial Platforms, which claims to be one of the UK’s leading, independent, adviser platform and product groups, has appointed Julia Peake as Technical Manager, further strengthening its Technical Services team. Julia joins from Canada Life where she “was a technical specialist for three years,… Read More

April 1, 2024 @ 8:48 am By Omar Faridi  |  

The United Kingdom is currently the sixth largest economy globally and the UK tech startup ecosystem ranks third in terms of funding raised in the first quarter of 2024, after the US and China, according to a new report. Tracxn, a global SaaS-based market intelligence… Read More

April 1, 2024 @ 8:46 am By Omar Faridi  |  

The Bank of England and FCA are leading a joint transformation program with industry to transform data collection from the UK financial sector. They published a future strategy for “achieving this, encompassing the regulator’s response to industry’s recommendations.” The Bank of England and the Financial… Read More

March 30, 2024 @ 7:17 pm By Omar Faridi  |  

Q4 macroeconomic data points in France’s markets are marginally better than in Q3, according to an update from Pitchbook. Q4 GDP growth was reported as flat by Pitchbook, while inflation has been “coming down from the elevated levels seen earlier in the year.” Meanwhile, the… Read More

March 29, 2024 @ 3:45 pm By Omar Faridi  |  

The AMF is warning the public against several companies proposing “atypical” investments without being authorized to do so The Autorité des Marchés Financiers regularly updates its black lists of new websites and entities “proposing atypical investments to investors in France without being authorized to do… Read More

March 29, 2024 @ 1:42 pm By Omar Faridi  |  

Derivitec, an independent software vendor with a mission to make quality risk analytics universal and affordable, has established an office in New York following a rapid rise in user numbers amongst its US clients. This significant milestone demonstrates Derivitec’s long-term commitment “to supporting some of… Read More

March 29, 2024 @ 7:53 am By Omar Faridi  |  

Coro, the cybersecurity platform purpose-built for small and medium-sized enterprises (SMEs), announced it has secured $100 million in Series D funding led by One Peak, with participation from existing investors Energy Impact Partners and Balderton Capital. This investment round brings the total funds “raised to… Read More

March 27, 2024 @ 12:12 pm By Omar Faridi  |  

Lloyds Bank’s latest Business Barometer has found that business confidence remains high, with March’s figures unchanged month-on-month at 42%. In a promising sign of a return to economic growth, this month’s survey data reflects the continued confidence firms “have demonstrated so far in 2024 and… Read More

March 27, 2024 @ 8:36 am By Omar Faridi  |  

Inflation is expected to return to its 2% target in the first half of the year, which should pave the way for interest rate cuts from the summer, according to an update from KPMG UK. Interest rates are forecast to fall by 100 basis points… Read More

March 26, 2024 @ 12:00 pm By JD Alois  |  

British Patient Capital is providing an update on its Future Fund program. The entity reports that funds dedicated to early-stage “deeptech” and “life sciences companies” stating that it has invested £111.4 million into 16 companies, alongside £724 million of third-party capital investment since August 2023…. Read More

March 26, 2024 @ 8:49 am By Omar Faridi  |  

Danske Bank signs a multiyear agreement with Amazon Web Services (AWS). As part of our Forward’ 28 strategy, they are offering customers new digital solutions, more self-service options, and easy and quick access to daily banking needs, while becoming a more efficient bank.” Additional investments… Read More

March 25, 2024 @ 7:42 pm By Omar Faridi  |  

China witnessed the announcement of a total of 416 venture capital (VC) funding deals of worth $6.4 billion during the first two months of year 2024, which is a year-on-year (YoY) decline of 18.9% in terms of deal volume and 4.9% in terms of funding… Read More

March 25, 2024 @ 2:16 pm By Omar Faridi  |  

The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a Federal Register notice seeking public comment on proposed revisions to the agency’s Statement of Policy (revised SOP) on Bank Merger Transactions. Chairman Martin J. Gruenberg said: “This proposed Statement of Policy would update,… Read More

March 25, 2024 @ 8:57 am By Omar Faridi  |  

Largely driven by bad actors using fabricated or stolen identities, the newly released TransUnion (NYSE: TRU) 2024 State of Omnichannel Fraud Report, based on proprietary insights from TransUnion’s global intelligence network, found that nearly one in seven newly created accounts is suspected to be Digital… Read More

March 25, 2024 @ 8:55 am By Tony Zerucha  |  

dLocal, a cross-border payment platform specializing in high-growth markets, recently announced that Mark Ortiz has been appointed chief financial officer. Ortiz will report directly to dLocal’s CEO, Pedro Arnt, overseeing dLocal’s accounting, financial planning and analysis, financial reporting internal audit, SEC reporting, tax, credit, risk,… Read More

March 25, 2024 @ 8:51 am By Omar Faridi  |  

The number of UK sectors reporting output growth hit a 10-month high in February, with companies indicating rising demand and spreading business optimism, according to the latest Lloyds Bank UK Sector Tracker. In February, 10 of the 14 UK sectors monitored by the Tracker reported… Read More

March 25, 2024 @ 8:46 am By Omar Faridi  |  

Digital bank N26 recently announced the appointment of Mayur Kamat as its new Chief Product Officer. Mayur is said to have “a proven track record leading product teams and building new solutions at some of the world’s biggest technology companies.” He reportedly brings with him… Read More

March 24, 2024 @ 5:53 pm By Omar Faridi  |  

Visa (NYSE: V) released the Spring 2024 Edition of its Biannual Threats Report, which outlines the top payment threats impacting consumers and businesses around the world. The report points to increasingly organized, sophisticated threat actors “targeting the most vulnerable point in the payments’ ecosystem: humans.”… Read More

March 23, 2024 @ 3:48 pm By Omar Faridi  |  

KPMG UK launches the fourth edition of its Financial Services Regulatory Barometer, providing a biannual measure of the regulatory pressure faced by financial services firms in the UK and EU. The latest aggregate Regulatory Impact Score “stands at 7.3 (out of 10), up from 7.2… Read More