General News

December 27, 2023 @ 11:20 pm By Omar Faridi  |  

On 20 December 2023 the legislative acts on the European Single Access Point (ESAP) for information on financial services, capital markets sustainability and diversity were published in the Official Journal of the EU. Eurocrowd notes in a blog post that the ESAP is “expected to provide the… Read More

December 27, 2023 @ 10:24 pm By Omar Faridi  |  

The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) published a joint report on the impact of climate change on the European Union (EU) financial system. The report sets out detailed frameworks for “addressing risk to the financial system by (i) gathering… Read More

December 27, 2023 @ 7:23 pm By Omar Faridi  |  

The Financial Services Regulatory Authority (FSRA) has announced revisions to its Anti-Money Laundering and Sanctions Rules and Guidance (the AML Rulebook). The FSRA has made revisions that “clarify the requirements that previously appeared in the AML Rulebook, reflecting the federal regulatory framework the UAE has… Read More

December 27, 2023 @ 1:01 pm By Omar Faridi  |  

A significant uplift in global growth is “unlikely” in 2024 with “no short-term end in sight to geopolitical uncertainty and tight monetary policies,” according to the latest KPMG Global Economic Outlook. Produced by leading economists from KPMG member firms around the world, this year’s report… Read More

December 27, 2023 @ 9:22 am By Omar Faridi  |  

Chancellor Jeremy Hunt has (21 December) signed the Berne Financial Services Agreement, a pact on financial services cooperation, with his Swiss counterpart Karin Keller-Sutter. The agreement sets sectors where the UK and Switzerland will “mutually recognize each other’s domestic laws and regulations on financial services,… Read More

December 27, 2023 @ 8:53 am By Omar Faridi  |  

The Autorité des Marchés Financiers (AMF) has published the 7th edition of its Savings and Investment Barometer on investment trends. After the sharp fall seen in 2022, more retail investors are “planning to invest in equities in 2023.” This renewed interest is being driven in… Read More

December 27, 2023 @ 6:21 am By Omar Faridi  |  

Accenture (NYSE: ACN) has signed an agreement to acquire Customer Management IT and SirfinPA, a pair of jointly-owned Italian technology consultancies supporting the public sector and specializing in justice and public safety. The acquisition aligns with Accenture’s focus “on helping Italian public service organizations build… Read More

December 26, 2023 @ 11:11 am By Omar Faridi  |  

Tuum is pleased to announce that Foke Burmeister has joined as the new Sales Director for the DACH (Germany, Austria, and Switzerland) and CEE (Central and Eastern Europe) regions. With an extensive track record in core banking and payments at EY and Accenture, Foke is… Read More

December 24, 2023 @ 11:49 am By Omar Faridi  |  

Crime has long been a “top-of-mind” concern for households across Latin America and the Caribbean, according to an update shared by the International Monetary Fund (IMF). The IMF noted in a blog post that the LatAm region accounts “for nearly half of the world’s intentional… Read More

December 24, 2023 @ 10:47 am By Omar Faridi  |  

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Annual Report: Canada Tech 2023. The report, based on Tracxn’s extensive database, “provides insights into the Canada Tech space.” In 2023 Year-to-Date (YTD), Canada stands “as the seventh highest-funded country globally for startup funding,… Read More

December 24, 2023 @ 2:16 am By Omar Faridi  |  

With 80% of employees in the office three or more days a week, employers are challenged with optimizing office space Ernst & Young LLP (EY US) announced the launch of its third annual EY Future Workplace Index, which “tracks C-suite and executive sentiment and behavioral… Read More

December 23, 2023 @ 5:41 pm By Michael Wong  |  

The Philippines’ Securities and Exchange Commission (SEC) has successfully driven the growth of the country’s crowdfunding sector, with funds raised approaching P2 billion (about $36 million) in the last three years. This surge in crowdfunding activity is a direct outcome of the SEC’s nationwide campaign,… Read More

December 23, 2023 @ 5:11 pm By Omar Faridi  |  

ABN AMRO is reportedly investing in SET Fund IV, a fund focused on data and digital technology companies that help accelerate the energy transition to a zero-carbon society. As noted in a blog post, the fund is managed by SET Ventures, an investment company “that… Read More

December 23, 2023 @ 11:09 am By Omar Faridi  |  

Rabobank is pleased to announce that Carlo van Kemenade will join the Managing Board as Director of Retail Netherlands “as of 1 April 2024.” As a member of the Managing Board, he will be “responsible for the entire Retail domain in the Netherlands for a… Read More

December 23, 2023 @ 8:28 am By Omar Faridi  |  

Nearly one in four (24%) Americans have been victimized by fraud or identity theft “while using gig economy platforms, like delivery and ride-sharing apps,” according to an update from TransUnion. That is more than double the rate they “experienced elsewhere, with only 10% reporting victimization… Read More

December 23, 2023 @ 3:24 am By Omar Faridi  |  

Lloyds Bank has continued to strengthen its support for corporate businesses “across the North West by further investing in its Corporate and Institutional Banking team in the region.” The Manchester-based team, which “provides strategic funding solutions across both corporate and private equity backed businesses, has… Read More

December 21, 2023 @ 11:27 am By Omar Faridi  |  

With Christmas around the corner, small and medium-sized businesses across the UK are hoping for a much-needed surge in customer spending. Research from iwoca, which claims to be one of Europe’s largest small business lenders, reveals “that more than two in five (44%) SME owners… Read More

December 21, 2023 @ 11:27 am By Omar Faridi  |  

There is reportedly a strong correlation between a bank’s technology choices and its performance, showing that overall success hinges “on deft use of technology rather than on simply spending more on technology,” according to an update from Bain & Company. Bain & Company analysis finds… Read More

December 21, 2023 @ 8:06 am By Omar Faridi  |  

Over a quarter (27%) of British small and medium-sized businesses have “admitted to being owed between £5,000 and £20,000 in unpaid invoices” according to research by Payit, NatWest’s open banking payments solution. The impact of late payments has been felt “across the country, with SMEs… Read More

December 20, 2023 @ 11:37 am By Omar Faridi  |  

Proxymity, the digital investor communications platform, has recently announces the launch of its digital proxy voting service – Proxymity Vote Connect Total (VCT) – to BNY Mellon (NYSE: BK) clients in the UK in time for the 2024 voting season. The launch follows Proxymity and… Read More