General News

November 25, 2023 @ 2:08 pm By Omar Faridi  |  

Pitchbook notes that their extensive Country Snapshot series provides an overview of both macroeconomic and microeconomic trends in the region, “covering various countries across Europe.” Pitchbook researchers look at how “both public and private data points have trended in Q3 for the UK.” As noted… Read More

November 24, 2023 @ 5:47 pm By Omar Faridi  |  

Australia’s mutual banks, building societies and credit unions (the “Mutuals”) increased total assets by 2.5 percent to $163.1 billion in the 2023 financial year, “compared to last year’s 8.4 percent jump (to $159.1 billion).” At the same time, overall operating profits before tax increased “by… Read More

November 24, 2023 @ 8:12 am By Omar Faridi  |  

Rental concessions—offers meant to entice tenants, such “as free months of rent or free parking—are at their highest level in more than two years despite strong renter demand,” Zillow‘s (NASDAQ: Z and ZG) data shows. That’s because property managers are now “likely competing for tenants,… Read More

November 23, 2023 @ 12:43 pm By Omar Faridi  |  

The Black Friday sales are fast upon us and while “nearly two thirds (62%) of consumers say they plan to take advantage of the discounts, nearly a third (29%) of people who have shopped over Black Friday in the past have regretted their purchases.” Buyer’s… Read More

November 23, 2023 @ 12:37 pm By Omar Faridi  |  

Xero, the global small business platform, has launched several updates to its practice tools at UK Roadshow, including “a new tax manager feature in Xero HQ, an important feature in its plan to more seamlessly connect Xero Practice Manager (XPM), Xero HQ and Xero Tax.”… Read More

November 23, 2023 @ 11:12 am By Omar Faridi  |  

AvidXchange, a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced the recent release of a white paper titled, “2024: Anticipating Tomorrow’s Trends.” The report highlights the findings of a September 2023 survey of 500… Read More

November 23, 2023 @ 9:52 am By Omar Faridi  |  

There were several notable digital asset and blockchain-focused developments that were announced this past week, including Republic choosing Avalanche for its profit-sharing investment Note. This week also saw crypto exchange Kraken being sued by the US Securities and Exchange Commission (SEC) for allegedly failing to… Read More

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