General News

November 22, 2023 @ 10:52 am By Omar Faridi  |  

Cyber and digital technology risks are a key concern for businesses and risk leaders in 2023, even as 60% see GenAI “as an opportunity for their businesses,” according to PwC’s 2023 Global Risk Survey, published recently. More than 3,900 business and risks leaders – “from… Read More

November 22, 2023 @ 8:40 am By Omar Faridi  |  

Identity fraud rose by more than a fifth this year, “amid warnings that fraudulent activity is set to peak over the Christmas shopping period.” New analysis from Experian reveals “that identity fraud rose by 22% in 2023, when compared to 2022, with the trend expected… Read More

November 21, 2023 @ 11:21 pm By Omar Faridi  |  

Europe’s economic recovery is getting a much-needed boost from rising wages and higher incomes, according to an update shared by the International Monetary Fund (IMF). But in countries where population aging is “shrinking the workforce, policymakers may soon face new challenges.” The IMF noted in… Read More

November 21, 2023 @ 10:26 pm By Omar Faridi  |  

For SMEs, the year 2023 could mark a “turning point.” They have shown resilience “despite persistent inflation and the war in Ukraine, but they are now having to face rising interest rates which is making life tough for them for three reasons,” according to iBanFirst,… Read More

November 21, 2023 @ 10:19 pm By Omar Faridi  |  

Institutional adoption and sentiment remain strong amid the current crypto cycle, according to an Institutional Investor survey of 250 institutional investors. In the survey, commissioned by Coinbase (NASDAQ:COIN) institutional investors “demonstrated their resilience and expressed optimism about crypto’s role in the future.” Sentiment improved dramatically… Read More

November 21, 2023 @ 7:50 pm By Omar Faridi  |  

Yokoy, the firm focused on Accounts Payable Invoice Automation (APIA), has been recognized in Gartner’s Hype Cycle Report for 2023, the analyst’s annual report into the maturity and benefit of emerging technologies in procurement and sourcing. Yokoy was named a sample vendor in the APIA… Read More

November 21, 2023 @ 9:17 am By Omar Faridi  |  

Akur8 released a new research paper for the actuarial community entitled “Derivative Lasso: Credibility-Based Signal Fitting for GLMs.” Developed by a team of actuarial scientists at Akur8, including Mattia Casotto, Head of Product for the U.S. and Principal Scientist, and Thomas Holmes, Chief Actuary for… Read More

November 21, 2023 @ 9:00 am By Omar Faridi  |  

The World Economic Forum’s AI Governance Summit brought together more than 200 influential leaders from the Forum’s AI Governance Alliance (AIGA) and the broader artificial intelligence community “to exchange insights and collaborate on the establishment of action plans to promote the responsible development and deployment… Read More

November 21, 2023 @ 8:36 am By Omar Faridi  |  

The UK witnessed 898 venture capital (VC) funding deals of worth $8.7 billion during January-August 2023. This represents “a 27.2% drop in the volume compared to the same period in 2022.” Notably, the decline in terms of disclosed deal value “was significantly steeper, registering at… Read More

November 20, 2023 @ 6:08 am By Tony Zerucha  |  

Tassat Group, a provider of real-time digital payment solutions, recently announced the appointment of Zain Saidin as CEO. Saidin assumes the CEO position after serving as Tassat’s COO since February. Kevin R. Greene will continue his role at Tassat as the chairman of the board… Read More

November 20, 2023 @ 2:25 am By Omar Faridi  |  

Regnology, a software provider with a focus on regulatory reporting solutions, announced a collaboration with Moody’s Analytics, bringing together two established market participants with the aim of “providing a full end-to-end risk and regulatory reporting solution in select global markets.” As the regulatory landscape continues… Read More

November 19, 2023 @ 4:04 pm By Omar Faridi  |  

Visa Inc. (NYSE: V) revealed its Holiday Edition Threats Report, which anticipates heightened scam activity during the holiday season “across both card-present (CP) and card-not-present (CNP) transactions.” The new report identifies popular fraud tactics “expected between November 2023 and January 2024 due to the rapid… Read More

November 18, 2023 @ 4:03 pm By Omar Faridi  |  

More than nine in ten investors (94%) believe corporate reporting on sustainability performance contains unsupported claims, according to PwC’s 2023 Global Investor Survey. The survey – now in its third consecutive year – “queried 345 investors and analysts across geographies, assets classes, and investment approaches… Read More

November 16, 2023 @ 10:33 pm By Omar Faridi  |  

Feedzai, the provider of financial crime and risk management solutions, has partnered with CoreCard, the international provider of prepaid and credit technology solutions and processing services to banks and the financial technology and services market. The partnership will enhance CoreCard’s fraud detection and prevention capabilities… Read More

November 16, 2023 @ 5:19 pm By Omar Faridi  |  

Over three-quarters (77%) of senior finance executives globally expect the economic environment to improve over the coming year, “up considerably from two-thirds (66%) in 2022.” That is according to the latest Future of Finance Study by SIX – an annual survey “that canvasses the opinions… Read More

November 16, 2023 @ 3:53 pm By Omar Faridi  |  

Circle is focused on creating the world’s largest and most widely used regulated stablecoin network. To do that, Circle are partnering with and empowering “a global community of industry-leading businesses to bring the convenience of stablecoins and Web3 technology to billions of people around the… Read More

November 16, 2023 @ 11:22 am By Omar Faridi  |  

The British Business Bank launches a new £70million commitment to support smaller businesses from all sectors right across Northern Ireland. The Investment Fund for Northern Ireland (IFNI) aims “to drive sustainable economic growth by supporting innovation and creating local opportunities for new and scaling businesses… Read More

November 16, 2023 @ 6:22 am By Omar Faridi  |  

Manulife Investment Management has signed an agreement to acquire multi-sector alternative credit manager CQS. Upon completion of the transaction, Manulife Investment Management will “acquire the CQS credit platform and the CQS brand.” The acquisition of London-based CQS will “give the clients of both Manulife Investment… Read More

November 15, 2023 @ 11:52 pm By Omar Faridi  |  

Ongoing economic challenges have caused two in five (41%) small business owners to sacrifice their salaries, and one in three (34%) to use their personal funds, “to keep their businesses running,” according to new research from global small business platform Xero. The Money Matters report… Read More

November 15, 2023 @ 12:34 pm By JD Alois  |  

If there is any doubt, another report is highlighting the moribund venture capital markets. S&P Global Market Intelligence is reporting that VC funding rounds are at a four-year low, having cratered by 27% year over year in October at $18.49 billion and deal volume dropping… Read More