General News

January 31, 2024 @ 2:47 pm By JD Alois  |  

The US Federal Reserve announced that it has decided to hold benchmark rates steady at a rate of 5.25% to 5.5% today, as the Wall anticipated. The statement issued by the Federal Open Market Committee (FOMC) indicated that job gains have moderated since early last… Read More

January 31, 2024 @ 8:53 am By Omar Faridi  |  

Tandem, a UK digital bank, has announced the appointment of Maria Khan, as Director of Product and Digital, and Chris Parker, as Head of Marketing. As Director of Product and Digital, Maria leads “the development of Tandem’s exciting digital offering, working with the team to… Read More

January 30, 2024 @ 7:47 am By Omar Faridi  |  

The Prince’s Trust NatWest Youth Index 2024, released recently, finds half (49 per cent) of 16–25-year-olds in the UK think the cost of living crisis has had a worse impact on their life than the pandemic. As noted by the Natwest Group, it shows young… Read More

January 29, 2024 @ 8:12 pm By Omar Faridi  |  

Construction activity and a strong job market have helped South Australia ascend to the top of the economic performance leaderboard, according to CommSec’s quarterly State of the States report. This is the first time South Australia has reportedly “ranked No.1 in the report’s 15-year history.”… Read More

January 29, 2024 @ 8:15 am By Omar Faridi  |  

Mid-market private equity investment activity in the UK declined by 10% in 2023, as challenging macroeconomic conditions presented few glimmers of hope for recovery, according to KPMG UK’s Mid-Market Private Equity report. The firm’s most recent M&A study “has revealed that 675 mid-market transactions were… Read More

January 29, 2024 @ 8:04 am By Omar Faridi  |  

Bank of Ireland credit and debit card data for the first two weeks of January reveals that ‘New Year, New You’ spending in gyms and sports clubs shot upwards “compared to last January.” As noted in the update shared by the Bank of Ireland, many… Read More

January 28, 2024 @ 11:29 am By Omar Faridi  |  

ServiceNow (NYSE: NOW), the digital workflow company making the world work better for everyone, announced today a five-year strategic alliance with Visa, a digital payments provider, to transform payment services. The initial phase includes “the launch of ServiceNow Disputes Management, Built with Visa—a single, connected… Read More

January 27, 2024 @ 4:35 pm By Omar Faridi  |  

SEON, the end-to-end fraud prevention and AML platform helping companies mitigate fraud and safeguard against revenue threats, announced the expansion of its executive leadership with the appointment of Björn Heckel as Chief Technology Officer. With more than 20 years of experience as a software engineering… Read More

January 27, 2024 @ 11:48 am By Omar Faridi  |  

Global digital transformation firm GFT Technologies SE agreed to acquire 100% of shares in Colombia-based core banking expert Sophos Solutions S.A.S. With Sophos, GFT advances to one of the top 3 banking IT services providers “across Latin America and also increases its global delivery capability.”… Read More

January 27, 2024 @ 11:37 am By Omar Faridi  |  

Kraken, one of the world’s longest-standing and “most secure” crypto platforms, announced it is further strengthening its leadership team with two key appointments that will help position the company for continued growth amid evolving regulatory environments globally. With the appointment of Gilles BianRosa as Chief… Read More

January 26, 2024 @ 11:00 am By JD Alois  |  

Following the news that they are cutting employee headcount in Europe, Seedrs has promoted several executives while revealing the departure of its CEO. According to a blog post authored by Seedrs founder and Executive Chairman Jeff Lynn – John Lake and Joel Ippoliti have leveled up within… Read More

January 26, 2024 @ 10:16 am By JD Alois  |  

UK-based AltFi, a digital news publication covering financial technology, has announced it will be shutting down. Launched ten years ago just as Fintech was emerging as a hot sector of financial services, AltFi was known for its coverage of the UK market and annual events…. Read More

January 26, 2024 @ 8:16 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM), has appointed Andrew Brandman as Chief Customer Officer (CCO). Based in New York, Andrew will drive global growth by “continuing to deliver successful outcomes for Fenergo’s growing and… Read More

January 25, 2024 @ 12:40 pm By JD Alois  |  

Payments platform Ebanx has distributed a report covering some developing markets, predicting that the digital economy – including payments – will top $1 trillion in Latin America and Africa by 2026. As we all know, global consumption is on the rise, and Ebanx says Latin… Read More

January 25, 2024 @ 10:43 am By JD Alois  |  

The British Business Bank has published an updated list of firms in which it holds equity. According to the bank, there are 44 additional companies now on the list bringing the total to 696 individual firms – as of December 31, 2023. The shares were… Read More

January 24, 2024 @ 2:24 pm By Omar Faridi  |  

Onfido, which claims to be the global leader in automated identity verification, launched its Compliance Suite, an all-in-one identity verification solution “that empowers fast-growth businesses to expand seamlessly into new markets and meet local regulatory needs for customer onboarding.” Onfido’s Compliance Suite reportedly “introduces qualified… Read More

January 23, 2024 @ 7:01 pm By Omar Faridi  |  

Fidesmo, a key player focused on providing secure and convenient contactless services, is pleased to announce the completion of its integration between Fidesmo Pay and Mastercard’s Token Connect service, also known as MDES Token Connect. This partnership sets the stage “for a new level of… Read More

January 23, 2024 @ 9:25 am By JD Alois  |  

Financial penalties assessed by financial regulators in the US have jumped by 69% versus the year prior when comparing 2023 to 2023, according to a report.Fenergo, a Client Lifecycle Management (CLM) firm serving financial services, has tallied the numbers and claims that penalties stood at… Read More

January 23, 2024 @ 6:59 am By Omar Faridi  |  

Andrew Charnley, MD, Assetz Capital, says that housing has been a popular topic of discussion, as both the Conservatives and Labour start to gear up for the next general election. Andrew Charnley from Assetz Capital notes that the UK faces many pressing social issues, but… Read More

January 23, 2024 @ 6:22 am By Omar Faridi  |  

The Bank of London announced the appointment of Anne Grim as an independent Non-Executive Director (NED) of The Bank of London Group Limited Board and Chairperson of the Board Risk Committee (BRC), “subject to regulatory approval.” As well as her BRC role, Anne will be… Read More