General News

September 11, 2023 @ 9:14 am By Omar Faridi  |  

No-code tools allow anyone to build apps and automate workflows using a visual interface—no coding or technical skills required, the team at Zapier noted in a recent update. According to Zapier, these tools experienced a dramatic rise “in adoption over the past few years due… Read More

September 11, 2023 @ 8:19 am By Omar Faridi  |  

Nucleus Financial Platforms, one of the UK’s independent adviser platforms, have announced that its acquisition of the Curtis Banks Group has received all necessary regulatory approvals. The Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), and Solicitors Regulation Authority (SRA) have all “issued their approvals,… Read More

September 11, 2023 @ 7:56 am By Omar Faridi  |  

UK recruitment activity weakens in August “amid caution over economic outlook,” according to an update shared by KPMG. KPMG has shared some key findings: The steepest drop in permanent placements for over three years Temp billings declined for the first time since July 2020 Pay… Read More

September 11, 2023 @ 7:50 am By Omar Faridi  |  

The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have advanced policy and regulatory recommendations “to identify and respond to macroeconomic and financial stability risks associated with crypto-assets.” Crypto-assets have been in existence “for more than a decade and have displayed significant volatility…. Read More

September 10, 2023 @ 5:08 pm By Omar Faridi  |  

Research from digital identity security specialists, ID Crypt Global, reveals that the number of businesses operating in the UK’s digital identity theft protection market is “set to increase 5% despite market revenue still struggling to match pre-pandemic levels.” ID Crypt has measured the market size… Read More

September 10, 2023 @ 10:55 am By Michael Wong  |  

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and the US International Development Finance Corporation (DFC) signed a commitment letter for a bilateral loan valued at $300 million. The loan, with a tenure of seven years, is primarily targeted at enhancing financial accessibility for small- and… Read More

September 10, 2023 @ 10:51 am By Omar Faridi  |  

The individual who acquired the New York Stock Exchange (NYSE) recently made a $11.9B commitment so that he may help people streamline their mortgages for a lot less than what consumers are paying right now, according to a report. Founder and Chief Executive Jeffrey Sprecher’s… Read More

September 10, 2023 @ 10:25 am By Omar Faridi  |  

A BNP Paribas survey of 420 asset owners and managers, hedge funds and private equity firms shows that institutional investors are mobilizing capital towards investments that will deliver measurable positive impacts alongside financial returns. Despite data constraints posing the biggest barrier to ESG integration, “especially… Read More

September 10, 2023 @ 9:03 am By Michael Wong  |  

Global professional services firm Accenture (NYSE: ACN) announced its acquisition of Nautilus Consulting, a top-tier digital healthcare consultancy in the U.K. that offers specialized Electronic Patient Record (EPR) solutions. In a statement, Accenture said the strategic move will amplify its capabilities in digital transformation, implementation,… Read More

September 10, 2023 @ 6:52 am By Omar Faridi  |  

The Board of NatWest Group plc is pleased to announce that Richard Haythornthwaite (Rick) will succeed Sir Howard Davies as Chair, subject to regulatory approval. Rick will join the Board of NatWest Group plc as “an independent non-executive director on 8 January 2024 and following… Read More

September 10, 2023 @ 6:22 am By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), one of the nation’s leading neobanks, announced that John Ricci, General Counsel, will retire on September 29, 2023. Joan Aristei has been “named Chief Legal Officer, effective September 25, 2023.” Previously serving in both private and public sectors during his nearly… Read More

September 10, 2023 @ 6:11 am By Michael Wong  |  

Earnix, a provider of intelligent SaaS solutions for insurers and banks worldwide, announced the appointment of seasoned technology expert Erez Barak as its Chief Technology Officer (CTO) effective from September 10. With a rich career spanning over 22 years, including significant leadership roles at tech… Read More

September 10, 2023 @ 5:22 am By Omar Faridi  |  

PwC announced a three-year global Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) in order “to accelerate innovation, improve operational efficiency and transform the way business is done.” This SCA enhances PwC’s strong expertise in “using cloud to power business, strengthening its ability to… Read More

September 9, 2023 @ 4:35 pm By Michael Wong  |  

In a notable demonstration of faith in Central Asia’s growth potential, the International Finance Corporation (IFC), a member of the World Bank Group, has invested and mobilized a staggering $1.6 billion in the region during fiscal year 2023 (FY23). This investment, the highest ever for… Read More

September 9, 2023 @ 4:13 pm By Omar Faridi  |  

British Business Investments announces a new £20m Tier 2 facility for DF Capital. This investment will help DF Capital provide “an additional £300m+ of new lending per annum, to existing and new UK SME vendors and dealerships.” The investment has been “made through British Business… Read More

September 9, 2023 @ 3:51 pm By Michael Wong  |  

Exiger, a SaaS company that has transformed the manner in which corporations, government agencies, and banks handle supply chains, declared its intention to sell its renowned Financial Crime Compliance (FCC) division to Capgemini, a predominant business and tech transformation service firm. The conclusion of this… Read More

September 9, 2023 @ 3:47 pm By Omar Faridi  |  

Concordium, the Layer 1 science-backed blockchain creating a safer digital world, has announced an integration with Aqualibre, a carbon offset project that offers high-quality carbon offsets for business and enterprise. Aqualibre will adopt Concordium’s Agora Impact Marketplace tooling, “an infrastructure for scaling safe and transparent… Read More

September 9, 2023 @ 3:38 pm By Michael Wong  |  

The global trade finance gap soared to an unprecedented $2.5 trillion in 2022, escalating from $1.7 trillion two years prior, reveals the 2023 Trade Finance Gaps, Growth and Jobs Survey presented by the Asian Development Bank (ADB) today. This gap represents the discrepancy between requests… Read More

September 9, 2023 @ 3:20 pm By Omar Faridi  |  

Faruk Fatih Özer, the former Chief Executive of collapsed Turkey-based cryptocurrency exchange Thodex, has reportedly been sentenced to 11,196 years in prison on Thursday (September 7, 2023). Stealing around $2 billion from his clients led to the CEO of one of Turkey’s biggest virtual currency… Read More

September 8, 2023 @ 11:31 am By JD Alois  |  

Crowdfund Capital Advisors (CCA) has distributed an update on August 2023 investment crowdfunding activity under Reg CF (Regulation Crowdfunding). According to their numbers, Reg CF offerings during the month experienced a “surge,” countering the trend in public markets, which have faltered in recent weeks. CCA… Read More