General News

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

April 2, 2024 @ 7:21 am By JD Alois  |  

CapitalRise, an online investment platform for prime real estate, has added to its lending and origination teams with the addition of Business Development Director Imogen Willams and the promotion of Ed Groves to Associate. CapitalRise, which recently benefited from institutional funding commitments, said the new hire… Read More

April 1, 2024 @ 10:41 pm By Omar Faridi  |  

Startups operating in the MENA region have reportedly secured over $250 million in capital during March 2024, according to an update shared by local sources. To be precise, MENA startups acquired $254 million across 54 different deals, which is up considerably by 186% MoM from… Read More

April 1, 2024 @ 6:56 pm By Omar Faridi  |  

The U.S. transition to a T+1 settlement cycle is two months away, and market participants are continuing preparations as the May 28, 2024, implementation date approaches. Many firms continue to focus “on enhancing operational efficiencies, including the achievement of same-day affirmation.” DTCC analysis shows that… Read More

April 1, 2024 @ 12:31 pm By Omar Faridi  |  

U.S. retail bank customers are losing faith in their bank, and customer attrition is a concern. According to the J.D. Power 2024 U.S. Retail Banking Satisfaction Study, released recently, consumer trust in retail banks “has declined significantly during the past two years, with unexpected fees,… Read More

April 1, 2024 @ 10:13 am By Omar Faridi  |  

A report by professional services firm KPMG has revealed that 115 Scottish firms received over £359 million worth of Venture Capital (VC) investment after being identified as the most promising throughout 2023. The Venture Pulse Survey showed that there was “a marked decline in global… Read More

April 1, 2024 @ 9:31 am By Omar Faridi  |  

Krishna Vishnubhotla at Zimperium – a provider of mobile security, highlights crucial differences between mobile banking fraud and mobile banking scams. The convenience of managing our finances on the go has streambed the way we handle our money. We live in an era where mobile has… Read More

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