General News

April 16, 2023 @ 3:39 pm By Omar Faridi  |  

The mobile bank N26 recently announced the appointment of Jan Stechele as Managing Director and Chief Risk Officer of N26 AG and N26 Bank AG. In his new role, Jan Stechele will “oversee N26’s governance, compliance and risk functions in the interim and will take… Read More

April 15, 2023 @ 9:26 am By Omar Faridi  |  

FloQast, a provider of accounting workflow automation software created by accountants for accountants, released the results of its latest survey, Controller’s Guidebook: The Great Recalibration – The Role of Technology in Retaining and Recruiting Accountants. Highlighting the impact of the talent crisis, The Great Resignation,… Read More

April 14, 2023 @ 9:53 am By Omar Faridi  |  

The National Trust and Starling Bank have launched a three-year partnership aimed at ensuring more people “have access to nature, both now and in the future.” Through the partnership, it is “estimated that over 1 million people will be able to benefit from improved access… Read More

April 13, 2023 @ 5:13 pm By JD Alois  |  

Global venture capital (VC) investments cratered in March 2023 by 44.3% to $29.15 billion from $52.32 billion in the same month a year earlier. This is just another report that indicates a sinking economy and the lack of risk capital supporting early-stage firms. S&P Global… Read More

April 11, 2023 @ 11:35 am By Omar Faridi  |  

Aaron Lint, Security Lead at Anchorage Digital, as well as Prasanna Gautam, Technical Lead, Protocols, among other members of the firm’s professional team have shared key updates. Anchorage Digital notes in a blog post that as a fast-scaling company, their technical staff is core to… Read More

April 11, 2023 @ 10:37 am By JD Alois  |  

The IMF expects global economic growth to decline by 0.1 than previously anticipated generating 2.8% before rising to 3% in 2024. In 2022, economic growth stood at 3.4% and thus reflects the declining global economy. The expectations were shared as part of the IMF’s World… Read More

April 11, 2023 @ 8:10 am By Omar Faridi  |  

A new study from Juniper Research, foremost “experts” in the payments market, found that the transaction value of recurring payments “will exceed $15.4 trillion globally in 2027, from $13.2 trillion in 2023.” This relatively slow growth of 17% “reflects that recurring payments are a well-established… Read More

April 11, 2023 @ 8:07 am By Omar Faridi  |  

According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. retail sales excluding automotive “were up +4.7% year-over-year (YOY) in March.” Mastercard SpendingPulse reportedly “reflects nominal spending and is not adjusted for inflation.” At a national level, while… Read More

April 10, 2023 @ 11:57 pm By Omar Faridi  |  

This past week from 6 April, the full amount of the weekly State Pension in the UK will reportedly “increase by 10.1%, the highest ever rise, for 12.5 million recipients of the State Pension.” Taking effect for payments starting next Monday 10 April, the amount… Read More

April 10, 2023 @ 6:32 pm By Omar Faridi  |  

Apptile, an SaaS startup specializing in no-code mobile app development, has secured $2.5 million in seed funding. The funds will be used “to launch Apptile’s innovative platform, allowing Shopify businesses to create customized, high-performance mobile apps without the need for coding or design experience.” The… Read More

April 10, 2023 @ 4:22 pm By JD Alois  |  

Global private equity deal value and volume cratered in March as well as during the entire first quarter. According to S&P Global Market Intelligence, March PE deals vaporized – dropping by 37.1% year over year. During March 2023, $63.42 billion was raised in contrast to… Read More

April 9, 2023 @ 9:31 pm By Omar Faridi  |  

Ralph Lauren is now accepting cryptocurreny payments at its Miami Design District Store. BitPay is pleased to announce Ralph Lauren, the brand that defines “modern luxury” and timeless style, accepts digital currency payments at its new store in the Miami Design District. This store reportedly… Read More

April 9, 2023 @ 4:22 pm By Omar Faridi  |  

Citi (NYSE: C) has announced the launch of a new sustainable time deposit solution designed to assist U.S. institutional clients when investing excess cash while supporting their sustainability goals. Citi’s new Sustainable Time Deposit (TD) will “deliver competitive yields and supports projects identified under Citi’s… Read More

April 9, 2023 @ 3:03 pm By Omar Faridi  |  

The team at TwoX Protocol, which claims to be a decentralized finance protocol issuing yield generative stablecoin, is pleased to announce that TwoX protocol will be “launched on Arbitrum.” Their team have been “researching & discussing which infrastructure is great fit to deploy TwoX primarily since… Read More

April 9, 2023 @ 3:01 pm By Omar Faridi  |  

Railsr, the embedded finance platform, has announced the appointment of Philippe Morel as Chief Executive Officer, Debbie Lotz as Chief Financial Officer and Nick Charteris as Chief Operating Officer. Philippe will report directly to Rick Haythornthwaite, Chair of the Board. Philippe Morel was “the CEO… Read More

April 8, 2023 @ 11:46 am By Omar Faridi  |  

Mastercard (NYSE: MA) announced it is accelerating efforts to remove first–use, PVC plastics from payment cards on its network by 2028. This move further “reinforces the company’s sustainability commitments and scales the accessibility of more sustainable card offerings for consumers seeking a way to reduce… Read More

April 8, 2023 @ 10:17 am By Omar Faridi  |  

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), announced that Experian (LON:EXPN), the global information services company and credit reporting bureau, “has named AWS as its preferred cloud provider to power its multiyear information technology (IT) modernization initiative.” As part of the… Read More

April 7, 2023 @ 10:12 am By Omar Faridi  |  

Nium, the global payments infrastructure for on-demand money movement, announced the appointment of Volker Steinle as Senior Vice President and General Manager, Americas. Steinle will be responsible “for accelerating sales and revenue growth in the region, building an exceptional go-to-market team, and engaging customers and… Read More

April 6, 2023 @ 5:42 pm By Omar Faridi  |  

Drawbridge, a provider of cybersecurity software and solutions to the alternative investment industry, announced it has appointed Chris Aronis as its Chief Revenue Officer (CRO). Aronis will “lead the Drawbridge sales, account management and business development teams to accelerate the company’s global growth, enhance client… Read More

April 6, 2023 @ 1:06 pm By JD Alois  |  

Crowdfund Capital Advisors (CCA) has distributed a report highlighting the top cities in the US for “pre-IPO startups.” CCA states that the annual study utilizes data harvested from its platform that tracks more than 6000 companies that have raised money online. CCA is best known… Read More