General News

June 1, 2023 @ 12:11 pm By Omar Faridi  |  

Diebold Nixdorf, Incorporated (NYSE:DBD) announced it has entered into a restructuring support agreement with certain of its key financial stakeholders in order “to effectuate a comprehensive debt restructuring transaction that is intended to be completed efficiently and quickly.” The restructuring is expected “to significantly reduce… Read More

May 31, 2023 @ 11:45 pm By Omar Faridi  |  

The European Central Bank (ECB) has published its card fraud report, which is “based on information provided by 20 card payment scheme operators.” Card fraud in 2021 “continued its downward trend, falling to its lowest level since data collection began.” It reportedly “constituted 0.028% of… Read More

May 31, 2023 @ 11:17 am By Omar Faridi  |  

Unqork, the Codeless as a Service platform, announced the availability of the Unqork platform on the Microsoft Azure Marketplace, which offers IT software applications and services built by technology companies, optimized to run on Azure. Unqork enables customers “to democratize technology and free themselves from… Read More

May 31, 2023 @ 9:04 am By Omar Faridi  |  

Muse Finance, a working capital business finance provider – today announces the appointment of Julie Ashmore “as COO to help achieve its ambition to reach 30,000 customers and provide £1.5bn of SME financing in the next three years.” With three decades of experience in fintech,… Read More

May 30, 2023 @ 10:52 am By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, announces the appointment of Eve Read, Senior Director of Strategic Delivery, to the new industry coalition, the Pension Equity Group. Today marks the launch of the Pensions Equity Group (‘PEG’), a… Read More

May 29, 2023 @ 10:45 am By Omar Faridi  |  

Nordic Capital Advisors has announced the appointment of Mohit Agnihotri as a Partner. Mohit reportedly “has over two decades of investment banking, investing and consulting experience in Financial Technology, Payments and broader Software & Technology sectors.” He will now “become a key member of Nordic… Read More

May 28, 2023 @ 9:05 pm By Omar Faridi  |  

NatWest Group has announced that, from today, it aims to provide an additional £1 billion in lending to the UK Manufacturing sector by the end of 2030, aiming “to stimulate growth in the sector and help manufacturers invest in cleaner, more efficient forms of energy… Read More

May 27, 2023 @ 4:46 pm By Omar Faridi  |  

As noted in an update from ubank, 80% of financially stressed young Aussies “are experiencing mental health impacts.” According to new YouGov research commissioned by ubank, there are “a number of concerning insights around the ways financial anxiety is impacting the mental and physical health… Read More

May 27, 2023 @ 8:27 am By Omar Faridi  |  

SolomonEdwards, a national professional services firm, is proud to announce the acquisition of 29Bison – a human capital advisory organization for the investment community – “specializing in performing due diligence, value optimization, and pre- and post-transaction services.” 29Bison reportedly “helps companies evaluate and design the… Read More

May 27, 2023 @ 5:23 am By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced a $15,000 grant contribution and financial advisory commitment to Hamilton, MT-based nonprofit Loads of Dignity, a 501(c)(3) organization that “provides funds and supplies to individuals without housing to do laundry in a… Read More

May 24, 2023 @ 11:34 am By JD Alois  |  

The University of Agder’s School of Business and Law Crowdfunding Research Centre has kicked off the European Crowdfunding Market Survey. The survey is being supported by the following entities: Bulgarian Fintech Association (Bulgaria) Bundesverband Crowdfunding eV (Germany) Czech and Slovak Crowdfunding Association (Czech Republic and… Read More

May 22, 2023 @ 11:16 pm By Omar Faridi  |  

Trulioo, a global identity verification platform, announced the appointment of Erika Rottenberg to its board of directors. Rottenberg reportedly “brings extensive technology and business expertise to the Trulioo board and reinforces the company’s position as the platform global businesses turn to for growth, innovation and… Read More

May 22, 2023 @ 5:12 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, recently announced that it is partnering with Airbnb in order “to power bank payments for Airbnb guests.” Airbnb guests can now use Stripe Financial Connections “to securely and instantly add their bank account as a payment method.” Once… Read More

May 22, 2023 @ 2:11 pm By Omar Faridi  |  

Teradata (NYSE: TDC) and FICO, the analytics software provider (NYSE: FICO), announced an agreement under which they plan “to bring to market integrated advanced analytic solutions for real-time payments fraud, insurance claims, and supply chain optimization.” Bringing data, analytics and insights together in one environment… Read More

May 22, 2023 @ 10:41 am By Martin Rauchenwald and Philippe De Backer  |  

The fall of Silicon Valley Bank (SVB), the emergency merger of Credit Suisse with UBS, and most recently, the seizure and sale of First Republic Bank quickly dissipated much of the trust that had been slowly returning to the banking sector. The question remains: if… Read More

May 21, 2023 @ 7:06 pm By Omar Faridi  |  

Beanstalk, which claims to be the “pioneering” monetary experiment built to address the inefficiencies of hard money, announces a series of protocol improvements voted in by the DAO. With the upcoming series of Mayflower Updates, the protocol and its DAO are focused on the task… Read More

May 21, 2023 @ 1:25 pm By JD Alois  |  

US household debt increased during the first quarter of 2023, hitting $17.05 trillion – the highest amount on record, according to a recent report by the New York Federal Reserve. Mortgage balances increased by $121 billion during the first quarter of 2023 and stood at… Read More

May 21, 2023 @ 9:18 am By Omar Faridi  |  

Analysis from online pension provider, PensionBee, reveals that pension savers put significantly more money “aside for their retirement at the start of 2023 than they did in the latter part of 2022, despite persistent levels of high inflation.” The average quarterly contribution amount “for female… Read More

May 17, 2023 @ 11:17 pm By Omar Faridi  |  

Digital wealth platform Yield App has partnered with Volt, the global real-time payments gateway, in order “to offer additional GBP and EUR on-ramps via FPS and SEPA Instant.” Yield App customers “can now buy cryptocurrency in real time directly with their bank, thanks to the… Read More

May 17, 2023 @ 12:36 pm By Omar Faridi  |  

Global private equity platform Moonfare has hit a strategic milestone with the final close of its second core portfolio, Moonfare Core Portfolio II (Core II), which surpassed its fundraising target, propelling a proprietary Moonfare portfolio beyond the €100m mark for the first time. Moonfare CEO… Read More