General News

June 18, 2023 @ 9:42 am By Omar Faridi  |  

Hexaware Mobiquity, a digital consultancy that designs and delivers innovative digital products and services for the world’s leading brands, released the results of the firm’s annual Global Benchmark for Sustainable Banking Report. This third iteration of the report “surveyed 600 C-suite banking executives across the… Read More

June 18, 2023 @ 9:36 am By Omar Faridi  |  

Only a couple months after finalizing a $155M acquisition of Apex Crypto, an established trading infrastructure provider, the New York–headquartered crypto-assets platform Bakkt Holdings, Inc. (NYSE: BKKT) is delisting three major digital currencies: Solana (SOL), Polygon (MATIC), and Cardano (ADA). Marc D’Annunzio, Bakkt General Counsel… Read More

June 18, 2023 @ 8:57 am By Omar Faridi  |  

EPAM Systems, Inc. (NYSE: EPAM), a digital transformation services and product engineering company, announced a strategic, global partnership with Google Cloud to develop and deploy Artificial Intelligence (AI)-first Google Cloud solutions to help enterprises overcome operational challenges and drive transformational growth. Through this partnership EPAM… Read More

June 18, 2023 @ 6:11 am By Omar Faridi  |  

Profile, a financial solutions provider, has implemented its treasury management system Acumen.plus at Diamond Trust Bank. The fully STP, real-time cloud-native platform “that delivers advanced UX and automation to the modern Treasurer, offers new functionalities covering Kenya, Uganda and Tanzania.” Diamond Trust Bank (DTB) is… Read More

June 17, 2023 @ 4:12 pm By Omar Faridi  |  

Finery Markets has announced the digital assets prime broker and exchange, Bequant, as its latest partner, with the company using its new FM Liquidity Match service. FM Liquidity Match, introduced in April 2023, is “a service that gives institutional market players and crypto businesses access… Read More

June 17, 2023 @ 4:10 pm By Omar Faridi  |  

One in every five global consumers surveyed in 2022 said they “fell victim to payments fraud in the last four years — 26.9% of whom are victims of Authorized Push Payment (APP) scams, which is the number one fraud threat globally” — according to the… Read More

June 17, 2023 @ 10:06 am By Omar Faridi  |  

Crypto infrastructure provider Wyre is reportedly winding down its operations. This, after really feeling the pressure of dwindling interest in a volatile market that was promoted as the next frontier of innovative finance. The decision by Wyre, announced via a tweet this past Friday, comes… Read More

June 16, 2023 @ 7:35 pm By JD Alois  |  

The commercial real estate (CRE) market is struggling a bit as the work-from-home (WFH) movement, combined with the flight of businesses away from certain markets that were once hot, has caused some observers to predict calamity at some point in the not-so-distant future. We have… Read More

June 15, 2023 @ 10:52 pm By Omar Faridi  |  

Venture capital firm Menlo Ventures announced a new partner: Amy Wu. Amy joins Menlo “to grow the firm’s consumer and gaming practice and build on Menlo’s track record, which includes early investments in well-known consumer companies like Chime, Pillpack, Poshmark, Roku, Rover, Siri, Uber, and… Read More

June 14, 2023 @ 3:11 pm By JD Alois  |  

The US Federal Reserve has decided to pause rate hikes as it aims to assess the impact of the past rate hikes that have been some of the fastest in history. The Federal Funds Rate will remain at 5 to 5-1/4%. The Federal Open Market… Read More

June 14, 2023 @ 6:17 am By Omar Faridi  |  

Sequoia India & Southeast Asia, the “largest” venture capital firm in the region which manages over USD 9.2 billion across 13 funds, will now be known as Peak XV Partners globally. The rebranding has “come after Sequoia Capital (US/Europe), Sequoia China and Sequoia India & Southeast… Read More

June 13, 2023 @ 3:35 pm By Omar Faridi  |  

Opensee, which provides complete data access and real-time analytics to financial institutions, has appointed Anne-Laure Delaplace to the new role of Chief Operating Officer as it “deepens its senior leadership team to drive the company on its growth trajectory.” Stephane Rio, Founder and CEO of… Read More

June 13, 2023 @ 6:23 am By Omar Faridi  |  

Global technical body EMVCo has announced the appointment of Tim Stuart to the role of European Liaison. Tim reportedly brings “with him over 20 years of experience in the payments industry, holding various senior positions at Mastercard.” His roles have “included delivering EMV Chip and… Read More

June 12, 2023 @ 9:57 pm By Omar Faridi  |  

The retail recession that has been “foreshadowed by Retail Forecasts for some time has arrived. Real retail turnover in Australia fell again – by 0.6% over the March 2023 quarter – locking in a retail recession after the 0.3% decline in the December quarter of… Read More

June 12, 2023 @ 12:47 pm By Omar Faridi  |  

Immersive Labs, a firm focused on people-centric cyber resilience, and Accenture (NYSE: ACN) are working together to launch the Cyber Million program that aims “to solve the cybersecurity talent deficit by increasing access to one million entry-level cybersecurity operations jobs over the next decade.” The… Read More

June 12, 2023 @ 6:51 am By Omar Faridi  |  

Mitek (NASDAQ: MITK), whose mission is to make digital access faster and more secure, has named experienced banking veteran Kerry Cantley Vice President of Digital Banking Strategy. Cantley brings “a distinguished 30-year career in the financial services industry to Mitek.” Most recently, she “was Senior… Read More

June 12, 2023 @ 6:11 am By Omar Faridi  |  

Toshiba Digital Solutions Corporation and Classiq Technologies Ltd. signed a technology collaboration agreement in the gate-based quantum computing. Quantum computers are next-generation technologies “that have the potential to efficiently solve problems that conventional computers could not solve or take a very long time to solve… Read More

June 10, 2023 @ 12:26 pm By Omar Faridi  |  

After 9 years at the company, N26’s Chief Growth Officer, Alexander Weber, will be leaving his role at the end of June “to pursue his own entrepreneurial journey.” Having joined N26 in 2014 as one of its first team members, Alexander has “been an important… Read More

June 9, 2023 @ 10:22 am By JD Alois  |  

The British Business Bank has hired a new risk officer. Established in November 2014, the Bank is the UK government’s economic development bank aiming to drive growth and prosperity. The British Business Bank has selected Chantal Geall as its new Chief Risk Officer (CRO), effective from… Read More

June 8, 2023 @ 8:37 am By Omar Faridi  |  

After more than a decade of significant investment in mobile apps and websites, many U.S. banks and credit card providers have mastered the basics of digital transaction management and are now turning their attention to more advanced “super tools.” According to a series of recent… Read More