General News

September 6, 2023 @ 9:30 am By Omar Faridi  |  

Financial-sector assessments are gauging the effects of elevated borrowing costs, and the prospect that central banks “may keep policy rates higher for longer than investors expect,” according to an update shared by the International Monetary Fund (IMF). Tobias Adrian, Hiroko Oura from the IMF have… Read More

September 6, 2023 @ 7:31 am By Omar Faridi  |  

The vast majority of SME finance experts expect the Government to “miss its target of halving inflation by the end of the year,” iwoca’s latest Q2 2023 SME Expert Index finds. The new research, carried out with over one hundred SME finance brokers who collectively… Read More

September 5, 2023 @ 10:06 pm By Omar Faridi  |  

Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ), has shared key insights with CI. SEC vs Service Provider Developments Keeps Market Volatility Up Bitcoin (BTC) closed last week “around $26,000, a 0.5% decrease in price from… Read More

September 5, 2023 @ 2:46 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced that the President of the Republic of Singapore has appointed Chia Der Jiun “as Managing Director (Designate), MAS from 1 November 2023 to 31 December 2023, and as Managing Director, MAS from 1 January 2024 to 31 May 2026.”… Read More

September 5, 2023 @ 11:46 am By Omar Faridi  |  

Quantiphi, an Al-first digital engineering company, announced the launch of its AI-led Intelligent Underwriting Platform (AiUP), which will be “included in Google Cloud’s Industry Value Network (IVN) solutions and combines the power of Dociphi, Quantiphi’s intelligent document processing platform,” Unqork‘s codeless platform and Google Cloud’s… Read More

September 4, 2023 @ 11:50 pm By Michael Wong  |  

Hong Kong’s Financial Secretary Paul Chan Mo-po cautioned in his weekly blog on Sunday that merely lowering the tax on securities trading would not necessarily breathe new life into city’s lethargic stock market, and added that piecemeal measures could be counterproductive. This is his first… Read More

September 4, 2023 @ 12:15 pm By Omar Faridi  |  

A new Experian report shows consumers are continuing to opt for shorter term loans. In the second quarter of 2023, captives reportedly “regained the lion’s share of total vehicle financing, outpacing banks and credit unions.” According to Experian’s State of the Automotive Finance Market Report:… Read More

September 4, 2023 @ 11:01 am By Omar Faridi  |  

Confirm, the “first” platform to inject the science of Organizational Network Analysis (ONA) into performance reviews to help people leaders make fairer, faster, and data-driven talent decisions, announced that it has raised $6.2 million in Series A funding, bringing its total investment to $11.4 million…. Read More

September 4, 2023 @ 10:11 am By JD Alois  |  

The British Business Bank has appointed Karen Barnett as its new Chief People Officer. Barnett steps into the role from October 2023. Barnett joins the Bank from WH Ireland, a private wealth management, financial planning, and capital markets services company where she was Human Resources… Read More

September 4, 2023 @ 9:27 am By Omar Faridi  |  

With two weeks until the start of DSEI 2023, Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) and Sierra Nevada Corporation Mission Systems UK, LTD. (announced a strategic partnership to collaborate “on creating resilient high-grade security solutions and services.” Arqit claims that it is “a leader in… Read More

September 4, 2023 @ 9:24 am By Tony Zerucha  |  

Utimaco, a global provider of IT security solutions, has released new consumer research that indicates a low level of trust around Internet of Things (IoT) devices. This has highlighted the need for more education from the industry into how smart devices are secured with the… Read More

September 4, 2023 @ 9:09 am By Omar Faridi  |  

  High-net-worth investors “remain absolutely convinced” by alternative investments, including venture capital, cryptocurrencies, structured products, and hedge funds – “despite a wider slowdown of inflows into the sector.” The assessment from Nigel Green, the chief executive and founder of deVere Group, comes as media reports… Read More

September 3, 2023 @ 8:17 pm By Michael Wong  |  

Association of Southeast Asian Nations (ASEAN) member countries have been urged to collaborate to maximize the region’s investment potential, estimated to reach $20 trillion by 2045, according to Arsjad Rasjid, Chairman of the ASEAN-Business Advisory Council (ASEAN-BAC). Rasjid made the statement at the ASEAN Business… Read More

September 3, 2023 @ 8:10 pm By Tony Zerucha  |  

Financial institutions and almost every other industry must quickly prepare for a post-quantum world, a new blueprint from the Info-Tech Research Group suggests. The paper can be downloaded here. The alarm was sounded due to anticipated advancements in fault-tolerant quantum computers that will surpass existing… Read More

September 3, 2023 @ 8:04 pm By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension schemes, announces it is committing “to removing commodity-driven deforestation from its main investment arrangements.” Smart Pension is reportedly one of the first pension providers “to make such a commitment and one of… Read More

September 3, 2023 @ 4:34 pm By Omar Faridi  |  

Customers of global software provider Civica will benefit from enhanced payroll information thanks to a new partnership with Experian. Through Experian’s interactive digital platform, PayDashboard, Civica users “will be empowered to better engage with, and understand their payslip information, helping them to take control of… Read More

September 3, 2023 @ 7:19 am By Omar Faridi  |  

Velocity Global, which claims to be the world’s expert on work, announced the appointment of Susan McDonough as Chief Transformation Officer and Frank Lucier as Chief Customer Success Officer, effective August 28th and September 5th, respectively. In her role, Susan will manage and execute “on… Read More

September 2, 2023 @ 11:22 am By Omar Faridi  |  

Julien Molez joins iBanFirst as Chief Operations Officer and becomes a member of the company’s Executive Committee (EXCO). With nearly 20 years of experience in consulting, technology, and artificial intelligence within leading financial institutions, Julien will “leverage his expertise to contribute to the operational excellence… Read More

September 2, 2023 @ 10:23 am By Tony Zerucha  |  

Global card issuing platform Marqeta this week named Heather Gantt-Evans as its chief information security officer. She brings experience in security and risk management at SailPoint, The Home Depot and Ernst & Young to her role. Gantt-Evans will oversee Marqeta’s global corporate and product security… Read More

September 2, 2023 @ 10:17 am By Omar Faridi  |  

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s digital marketplace bank, released findings from the 25th edition of the New Reality Check: Paycheck-To-Paycheck research series.” The Nonessential Spending Deep Dive Edition examines “the impact of nonessential spending on consumers’ ability to manage… Read More