General News

September 2, 2023 @ 6:22 am By Omar Faridi  |  

Cytora, the digital risk processing platform, is pleased to announce an integration with CAPE Analytics, a provider of AI-powered geospatial property data. CAPE Analytics’ commercial property data APIs will be “accessible on the Cytora platform, enhancing insurers’ capabilities to assess and manage risks associated with… Read More

September 1, 2023 @ 11:56 am By Michael Wong  |  

S&P Dow Jones Indices (S&P DJI) announced several changes to its indices, including the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600, effective before the opening of trading on Monday, September 18, as part of its quarterly rebalance. These changes aim to… Read More

August 31, 2023 @ 3:43 pm By Omar Faridi  |  

Startups in Latin America are reportedly laying off staff members and are now expecting significantly more initial public offerings (IPOs) by 2024. According to reports, around two-thirds or roughly 67% of Latin American firms have now laid off staff members during the past 18 months,… Read More

August 31, 2023 @ 2:46 am By Omar Faridi  |  

Diebold Nixdorf (NYSE: DBD), a key player focused on automating, digitizing and transforming the way people bank and shop, announced at Intersect Las Vegas the launch of two new models as part of its DN Series family, the DN Series 600V teller cash recycler system… Read More

August 30, 2023 @ 2:27 pm By Michael Wong  |  

World Bank Group member International Finance Corporation (IFC) has committed a record $11 billion to 108 projects in Asia and the Pacific this year to alleviate poverty and increase prosperity amid challenges such as climate change, gender inequality, food and energy insecurity, and higher inflation…. Read More

August 30, 2023 @ 2:22 pm By Omar Faridi  |  

Iris Powered by Generali, provider of a proprietary identity and cyber protection platform, announced the launch of a white-labeled version of ScamAssist available at Staples US retail stores. Beginning today, customers will be able “to purchase Iris’ recently launched ScamAssist portal at Staples Tech Services counters… Read More

August 30, 2023 @ 9:33 am By Omar Faridi  |  

Banks have long struggled to serve small and midsize enterprises (SMEs) effectively, despite the prominence of these companies in national economies, as SMEs recently “represented just over half of gross value added in the European Union and just under half in the US.” As noted… Read More

August 30, 2023 @ 9:18 am By JD Alois  |  

Coinbase (NASDAQ:COIN) has revealed a new partnership with X (formerly Twitter) to fill open positions at the crypto exchange. According to an X, job openings may now be scrolled directly on Coinbase’s profile. Coinbase is thrilled to partner with @X on the launch of a… Read More

August 30, 2023 @ 9:10 am By JD Alois  |  

British Business Investments says it has committed £30 million to the Panoramic SME III fund as part of a final close of £100m. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank. Glasgow-based Panoramic was launched in 2008, becoming a top investor… Read More

August 30, 2023 @ 7:28 am By Omar Faridi  |  

The grant will establish a PayPal Retail Academy to support Atlanta-area entrepreneurs. The Russell Innovation Center for Entrepreneurs (RICE) announced a $1 million grant from PayPal Holdings, Inc. (NASDAQ:PYPL) in order to launch the PayPal Retail Academy, which will provide a robust curriculum of innovative… Read More

August 29, 2023 @ 11:49 pm By Omar Faridi  |  

In recent weeks, cybersecurity firms have issued “a dozen ransomware reports, most of which show a considerable increase in attacks,” according to an update shared with CI. As noted in an NCC Group’s July 2023 cyber threat intelligence report, the business saw over 500 attacks… Read More

August 29, 2023 @ 9:46 pm By Omar Faridi  |  

The India Digital SME Credit Report 2023 released in collaboration between GetVantage and Redseer Strategy Consultants estimates that “a potential US$ 220 Bn credit deficit poses a roadblock to unlocking the economic potential of millions of digitized businesses.” Out of the current US$ 220 Bn… Read More

August 29, 2023 @ 9:44 pm By Omar Faridi  |  

FT Partners Research is pleased to announce the release  of their new in-depth industry research report, “Innovations in Payroll and Human Capital Management.” As noted in the update shared by FT Partners with CI, the global payroll industry is currently in the process of “undergoing… Read More

August 29, 2023 @ 1:53 pm By Omar Faridi  |  

At least half of retirees could be missing out on hundreds of pounds of interest each year through “keeping their savings in accounts with rates of 3% or less a year,” according to new research. As high street banks have come under fire for failing… Read More

August 29, 2023 @ 10:19 am By Omar Faridi  |  

The team at Fintech Plaid are pleased to have Cecilia Frew join the open banking provider as their Head of Open Finance. As the industry comes together to establish data connectivity standards and embrace digital finance, Plaid’s relationship with financial institutions “continues to evolve.” Today,… Read More

August 28, 2023 @ 11:04 pm By Omar Faridi  |  

The increased cost of doing business is “preventing the UK’s 5.5m small and medium-sized businesses from going green,” new research finds. With core inflation rates at 6.8% – the highest in 31 years – protracted high costs could be delaying SME owners’ plans “to green… Read More

August 28, 2023 @ 9:18 pm By Omar Faridi  |  

Qatar Investment Authority (QIA) has announced today an investment of ₹ 8,278 crore (approx. $1bln) into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (Reliance Industries). QIA’s investment “will translate into a minority equity stake of 0.99% in RRVL on a fully-diluted… Read More

August 28, 2023 @ 1:14 pm By JD Alois  |  

Regulation Crowdfunding or Reg CF has surpassed $2 billion in money raised, according to an email from Crowdfund Capital Advisors (CCA). Reg CF was created by the JOBS Act of 2012, signed into law during the Obama administration in a unique act of bipartisan legislation… Read More

August 28, 2023 @ 8:40 am By Omar Faridi  |  

Metro Bank’s ‘Scam of the Month’ of August 2023 is a warning “about the rise in malware attacks against UK bank customers.” Malware, or malicious software, is “designed by criminals to compromise devices including computers, laptops, and mobile phones.” Globally, 5.5 billion malware attacks “were… Read More

August 28, 2023 @ 8:30 am By Omar Faridi  |  

Research from Xero, the global small business platform, has revealed that 80% of small business owners are concerned AI development and adoption is “outpacing regulation, as generative AI tools permeate various industries and the workforce.” Xero’s Future Focus AI research “surveyed over 3,000 small business… Read More