General News

April 11, 2024 @ 9:11 am By JD Alois  |  

Performance Finance Limited has received a £15 million facility from the British Business Bank.  Performance Finance will use the funds to support to smaller businesses to accelerate their growth. Performance Finance provides financing for professionals like opticians, dentists, solicitors, vets, and surgeons. This includes business loans,… Read More

April 11, 2024 @ 8:31 am By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform for businesses, has published new research revealing the billions the global retail sector loses to fraudulent activity annually. Working alongside the Centre for Economic Business and Research (Cebr), Adyen found that the retail sector “lost $429 billion to… Read More

April 10, 2024 @ 11:33 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a report on consumer debt. The FCA states that 7.4 million people are struggling to pay bills and credit card debt (January 2024).  While this is lower than the 10.9 million in January 2023 who were encountering… Read More

April 9, 2024 @ 10:19 pm By Omar Faridi  |  

The private credit market, in which specialized non-bank financial institutions such as investment funds lend to corporate borrowers, “topped $2.1 trillion globally last year in assets and committed capital,” according to an update shared by the International Monetary Fund (IMF). About three-quarters of this was… Read More

April 9, 2024 @ 9:11 am By Omar Faridi  |  

The latest Royal Bank of Scotland Report on Jobs survey, compiled by S&P Global signalled a sustained deterioration in permanent staff placements “across Scotland during March. Although the rate of decline eased from the month before, the number of people placed into permanent roles fell… Read More

April 9, 2024 @ 9:10 am By Omar Faridi  |  

After 29 years, including more than three as Chief of the IRS-CI, Jim Lee says his last day of government service was March 31. Former IRS-CI Chief Jim Lee notes in a blog post that he’s pleased to share that he has joined Chainalysis where… Read More

April 9, 2024 @ 6:22 am By JD Alois  |  

Advocacy group CryptoUK has added a new member – Mercuryo, a payments provider. Mercury enables payments by supporting businesses with both fiat and crypto solutions via a single API integration. Mercuryo has partnered with digital asset firms like Ledger, MetaMask and Trust Wallet. CryptoUK says Mercuryo… Read More

April 8, 2024 @ 7:45 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB) announced updates to its Board of Directors. With immediate effect from April 1, 2024, Daniel Yun (Chief Executive Officer of KakaoBank) and David Loh (Executive Director and Joint Chairman of Centurion Corporation) will be appointed to Grab’s Board of Directors,… Read More

April 8, 2024 @ 11:12 am By Omar Faridi  |  

The Lending Standards Board (LSB) has added a wealth of policy and governance expertise to its Board with the Non-Executive Director appointments of broadcaster Iain Dale, economic authority Paul Johnson CBE and charity sector leader Caron Bradshaw OBE. Iain, Paul and Caron replaced Liz Barclay… Read More

April 8, 2024 @ 9:53 am By JD Alois  |  

The Luxembourg Stock Exchange (LuxSE) has been recognized as Exchange of the Year pertaining to sustainable development. LuxSE  notes that this makes the exchange a 7-time winner of Environmental Finance’s debt-related ‘Exchange of the Year’ title since 2017. Julie Becker, CEO of LuxSE, commented on… Read More

April 8, 2024 @ 8:09 am By Omar Faridi  |  

Ripple CEO Brad Garlinghouse recently stated that he thinks the combined value of the crypto-assets market may double this year. As reported by CNBC, the Ripple Chief Executive has cited the approval of the US spot bitcoin (BTC) exchange-traded fund (ETFs) as well as the… Read More

April 7, 2024 @ 10:23 am By Omar Faridi  |  

Six out of 10 or 60% of property managers reportedly experienced fraud during the last two years, according to the latest TransUnion (NYSE: TRU) research which finds outdated risk assessment methods leading to alarming levels of late detection. As the rental market grew over the… Read More

April 6, 2024 @ 3:15 pm By Omar Faridi  |  

A study by PensionBee reveals a strong belief among pension savers that shareholder resolutions can convey robust messages to management and address areas of concern, ahead of this year’s Annual General Meeting (AGM) season. The nationally representative study of 1,000 UK pension savers showed “a… Read More

April 5, 2024 @ 10:15 am By Omar Faridi  |  

Every quarter, Carta releases information on the startup ecosystem in their State of Private Markets report. Carta, a software development firm focused on equity management software, explains in a blog post that it can take a few weeks for rounds to “be recorded on our… Read More

April 5, 2024 @ 8:48 am By Omar Faridi  |  

VC dealmaking slides to a 7-year low, while several blockbuster deals “drive a modest rebound in funding,” according to an extensive update from CBInsights. According to the latest CBInsights report, Q1’24 was “a mixed bag for the venture market.” The CBInsights report reveals that equity… Read More

April 4, 2024 @ 11:07 am By Omar Faridi  |  

Equifax (NYSE: EFX) released its 2023 Security Annual Report, documenting the company’s continued commitment to security leadership through constant adaptation and proactive protection. The fourth annual report outlines how Equifax “increased efficiency, reduced friction and strengthened continuous controls governance across its internal security program, while… Read More

April 4, 2024 @ 8:51 am By Omar Faridi  |  

The British Business Bank has agreed a facility increase that will provide £29.4m of funding to smaller UK businesses, through an existing ENABLE Funding transaction with independent specialist finance provider, Time Finance. The additional funding brings the total small business funding “available through the facility… Read More

April 4, 2024 @ 7:57 am By Omar Faridi  |  

Metro Bank is advising about investment scams which is its Scam of the Month for April – last year the Bank reported over six victims every week. UK Finance reports investment scams at “over £2m per week and Metro Bank has already seen over £4m… Read More

April 3, 2024 @ 10:33 pm By Omar Faridi  |  

Keeper Security, the provider of zero-trust and zero-knowledge cybersecurity software protecting passwords, passkeys, privileged access, secrets and remote connections,  releases its 2024 Keeper Security Insight Report, The Future of Defense: IT Leaders Brace for Unprecedented Cyber Threats. The survey of more than 800 IT and… Read More

April 3, 2024 @ 10:52 am By JD Alois  |  

The American Fintech Council (AFC) has added ZayZoon as a member. ZayZoon was founded in 2014 and it is a Fintech that provides Earned Wage Access (EWA) for small and mid-sized businesses. Phil Goldfeder, Chief Executive Officer of the AFC, said that ZayZoon is a… Read More