General News

October 29, 2023 @ 11:00 pm By Tony Zerucha  |  

The annual holiday forecast1 from global branded payments provider Blackhawk Network found shoppers surveyed plan to spend 43% of their holiday budget on gift cards this year. This trend is largely fuelled by Gen Z consumers. The report also found that consumers aren’t starting their holiday… Read More

October 29, 2023 @ 10:55 pm By Omar Faridi  |  

Equifax (NYSE: EFX) is addressing the growing demand for flexible, remote onboarding services by offering a virtual component of its I-9 Anywhere solution. This enhancement will make it easier “for eligible employers to streamline their onboarding processes and enhance new hire experiences.” The new capability… Read More

October 29, 2023 @ 8:26 pm By Omar Faridi  |  

Derivative Path, a provider of capital markets technology and derivatives services to financial institutions and commercial end-users, names fintech product specialist, Kristin Kelly as Chief Product Officer in order “to lead the company’s product development strategy and appoints its cofounder, Frank Purnell, to the prestigious… Read More

October 28, 2023 @ 7:49 pm By Omar Faridi  |  

Zodia Markets, the Standard Chartered backed digital asset exchange and brokerage platform, announces that it has “received its registration as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland (CBI).” This follows on from the firm “receiving cryptoasset registration from the UK’s… Read More

October 28, 2023 @ 4:31 pm By Omar Faridi  |  

A significant 68% of U.S. adults feel they have suffered from, or are currently suffering from, financial trauma according to new research released today by Experian. The research sheds light on the prevalence of negative feelings and angst “related to financial matters, with approximately 65%… Read More

October 28, 2023 @ 1:17 pm By Omar Faridi  |  

Percent, the private credit platform that has created the modern credit marketplace, announced the findings of a recent study completed with Coalition Greenwich on trends and data in private credit, demonstrating a seismic shift to private credit market investments. The study, titled “Coalition Greenwich 2023… Read More

October 28, 2023 @ 10:27 am By Omar Faridi  |  

The Fintech Open Source Foundation (FINOS), the foundation of open innovation in financial services and part of The Linux Foundation, announced that FINOS Common Cloud Controls (FINOS CCC), “a set of open standards that describes consistent controls for compliant cloud deployments in the financial services… Read More

October 28, 2023 @ 9:25 am By Omar Faridi  |  

The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology, and market infrastructure, announced NYSE LaunchPad. This program is designed to help today’s entrepreneurs “leverage enterprise technology expertise through a secure, cloud-based platform.” As part of the… Read More

October 27, 2023 @ 4:50 pm By Omar Faridi  |  

Upfort, a cyber security and insurance platform, today announced it has raised $8 million in a Series A funding round led by SYN Ventures, “with participation of Eniac Ventures and Fika Ventures, which co-led Upfort’s seed round.” This investment round advances Upfort’s goal “to simplify… Read More

October 27, 2023 @ 4:44 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired MNEMO Mexico, a privately held company specializing in managed cybersecurity services. Financial terms were not disclosed. Founded in Mexico City in 2012, MNEMO Mexico “has 229 cybersecurity professionals and 180 cybersecurity industry certifications with key ecosystem partners.” The company’s portfolio… Read More

October 27, 2023 @ 6:42 am By Omar Faridi  |  

The Autorité des Marchés Financiers (AMF) has released an informative update for professionals on the terms they should use in order “to make it easier for their customers to understand and compare fees.” The AMF has launched a new section on fees on its official… Read More

October 26, 2023 @ 10:06 pm By Omar Faridi  |  

First Trust’s two new products raise the total number of ETFs traded at SIX Swiss Exchange to 1,710. Société Générale takes over market making “for continuous liquidity provision.” Christian Reuss, Head SIX Swiss Exchange, said: “We warmly welcome First Trust Global Funds plc as new… Read More

October 26, 2023 @ 6:27 pm By Omar Faridi  |  

Visa Inc. (NYSE: V) announced impactful Instant Savings offers for small businesses (SMBs) across North America, comprised of tools and resources aimed at enabling small businesses to grow and meet the expectations of their customers. Through the Visa SavingsEdge website, eligible Visa Small Business cardholders… Read More

October 26, 2023 @ 9:01 am By JD Alois  |  

The Future Fund was one of several programs designed by the UK government to backstop firms during the COVID crisis. Managed by the British Business Bank, the Future Fund was created to help early-stage ventures which frequently need ongoing cash injections to get to profitability…. Read More

October 26, 2023 @ 7:46 am By Omar Faridi  |  

Mortgage Bank Lenzburg has expanded its organizational structure and the Finstar core banking system so that it can now offer services for digital assets. It starts with the custody offer for digital registered securities “from selected partner companies that were issued on the Ethereum blockchain.”… Read More

October 25, 2023 @ 10:05 pm By Omar Faridi  |  

Genesis Global, the low-code application development platform purpose-built for financial markets organizations, announced Nitin Gupta as Chief Revenue Officer. He reports to CEO, Stephen Murphy. Prior to Genesis, Gupta was the Americas Sales Leader for Global Financial Services EMEA at Amazon Web Services, where he… Read More

October 25, 2023 @ 2:20 pm By Omar Faridi  |  

Capchase, the revenue acceleration platform for Software-as-a-Service (SaaS) companies, announced a global partnership with Republic – an ecosystem of Web3 optimized financial services that are “building the digital infrastructure required to support a fully democratized future of finance.” The partnership will enable Republic’s global portfolio… Read More

October 25, 2023 @ 12:29 pm By Omar Faridi  |  

Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, announces the appointments of Peter Marton, former Deputy Superintendent of Virtual Currency at the New York State Department of Financial Services (NYDFS), and cryptographer, Chaitanya Reddy Konda, who “designed… Read More

October 25, 2023 @ 11:37 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has published its 6th report on the consumer credit card market, stating that consumers paid record-high fees and interest in 2022. Interest rates have been marching higher in the past months as the US Federal Reserve attempts to crush… Read More

October 24, 2023 @ 9:29 am By Omar Faridi  |  

International insurtech bolttech announced its partnership with Three Sweden, an innovative telecommunications service provider based in Sweden, in order “to offer comprehensive device protection solutions to customers both online and in-store.” This strengthens bolttech’s existing collaboration “with CK Hutchison Holdings (CKHH), building on other key… Read More