Global

October 27, 2025 @ 8:28 am By Omar Faridi  |  

Defunct cryptocurrency exchange Mt. Gox announced that it will be further delaying its repayment deadline by yet another year to October 2026. This seemingly abrupt update from Mt. Gox has come just four days prior to its deadline that was initially set for October 31,… Read More

October 27, 2025 @ 2:50 am By Tony Zerucha  |  

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a new strategic partnership between Bybit Pay and Idram, Armenia’s established financial service provider and digital payment powerhouse. Joining forces to launch comprehensive payment services in Armenia, Bybit Pay and Idram will enable users… Read More

October 27, 2025 @ 12:37 am By Omar Faridi  |  

Allica Bank announced this past week the acquisition of Kriya, the SME lending Fintech specialising in SME working capital and embedded finance. The move aims to boost Allica’s SME lending proposition and sees the UK based Fintech move into the embedded payments market. The businesses… Read More

October 26, 2025 @ 11:46 pm By Michael Wong  |  

Al Baraka Bank Egypt said it signed a final agreement to acquire full ownership of Amlak Finance Egypt SAE from Amlak Finance PJSC of the United Arab Emirates, as the lender moves to expand in real estate mortgage finance and non-bank financial services after receiving… Read More

October 26, 2025 @ 9:45 pm By Omar Faridi  |  

Streaming platform Rumble (NASDAQ:RUM) recently unveiled a Bitcoin tipping feature that enables users to make donations directly to digital creators and online influencers in Bitcoin. The newly announced feature was introduced at the Lugano PlanB event this past Friday. Legal industry professional / commentator and… Read More

October 26, 2025 @ 9:44 pm By Omar Faridi  |  

Banking industry profit margins are potentially facing a significant $170 billion hit from the rise of AI, according a report from McKinsey. And failure to adapt to consumers’ growing usage of artificial intelligence may lead to banks losing billions of dollars in earnings, the report… Read More

October 26, 2025 @ 9:43 pm By Omar Faridi  |  

The insurance sector is said to be undergoing a significant transformation. KPMG Ireland noted that as market dynamics continue to shift and new challenges present themselves, insurance industry professionals are under mounting pressure to improve agility, boost operational efficiency, and provide considerable cost reductions. KPMG… Read More

October 26, 2025 @ 7:51 pm By Michael Wong  |  

An Egyptian–Saudi partnership has launched a platform in Cairo to back property technology startups, aiming to speed digital adoption across Egypt’s real estate sector as the market undergoes major structural shifts, the companies said. Coldwell Banker Commercial Advantage and Modern Solutions, a subsidiary of Prime… Read More

October 26, 2025 @ 7:45 pm By Omar Faridi  |  

Early Warning Services, the network operator of Zelle, announced a new initiative to allow Zelle to provide faster and reliable cross-border money movement. The update marks a key step in expanding the reach of Zelle globally by leveraging stablecoins. Zelle is a preferred way of… Read More

October 25, 2025 @ 8:22 pm By Omar Faridi  |  

Generative artificial intelligence is now said to be reshaping the financial sector, emerging as a sophisticated tool in transforming how credit risk is being assessed. This, according to a report from OliverWyman which also noted that by moving further beyond traditional linear models, generative AI… Read More

October 25, 2025 @ 5:21 pm By Omar Faridi  |  

The next 5  years could potentially transform corporate and investment banking (CIB) as non-bank financial institutions (NBFIs) continue to expand their operations across trading, advisory, as well as lending. A report by Boston Consulting Group (BCG) indicates that NBFIs will account for “20% of global… Read More

October 25, 2025 @ 4:24 pm By Omar Faridi  |  

Around 800 investors in Spain have reportedly backed various equity deals this year so far, creating a more competitive environment where strategic positioning is considered to be crucial. This, according to an update from CB Insights which noted that to differentiate themselves, companies such as… Read More

October 25, 2025 @ 4:08 pm By Omar Faridi  |  

Public markets are reportedly leading in Italy as private capital activity rebounds in a more selective manner. This, according to an update from the researchers at PitchBook. As stated in the latest report, Italy’s economy faced a mixed Q3, with GDP stagnating and exports “softening”… Read More

October 25, 2025 @ 3:09 pm By Omar Faridi  |  

The majority or 84% of workers are eager to adopt agentic AI in their current role, however, most or 56% are concerned about their own job security working alongside AI agents, highlighting a seemingly urgent “disconnect.” Employees are prepared and keen to leverage agentic AI,… Read More

October 25, 2025 @ 11:43 am By Omar Faridi  |  

KPMG UK has recently shared some insights on the latest inflation data According to Yael Selfin, the Chief Economist at KPMG UK, the unchanged inflation rate ensures interest rate cut remains on the table for the current year. Selfin added that the recent data is… Read More

October 25, 2025 @ 11:41 am By Michael Wong  |  

MultiBank Group said it has entered an exclusive worldwide joint venture with former UFC champion Khabib Nurmagomedov to build a regulated ecosystem at the intersection of finance, sport and technology, as the derivatives broker seeks to extend its brand beyond trading into real-world assets and… Read More

October 25, 2025 @ 2:37 am By Tony Zerucha  |  

Splitwise, an app for sharing bills and expenses, and Tink have expanded their partnership across Europe. Building on strong momentum in the UK, where Splitwise has seen a 150% increase in Tink account checks and payment initiations this year, the expansion means users in France, Germany,… Read More

October 25, 2025 @ 1:15 am By Omar Faridi  |  

LSEG announced that 11 global banks (together, the Investing Banks) have agreed to invest in its Post Trade Solutions business, acquiring a 20% stake. The Investing Banks will each now become shareholders in Post Trade Solutions, acquiring the stake for “aggregate cash consideration of £170… Read More

October 24, 2025 @ 6:30 pm By Tony Zerucha  |  

dLocal (NASDAQ: DLO), a payment platform connecting global merchants to emerging markets, this week announced a partnership with Alchemy Pay, a payment gateway connecting crypto with traditional fiat currencies. The collaboration leverages dLocal’s local payment infrastructure to support  Alchemy Pay’s expansion in Latin America, starting with instant bank… Read More

October 24, 2025 @ 6:25 pm By Tony Zerucha  |  

African fintech Moniepoint has raised more than $200 million in equity financing in a recently closed Series C funding round. The investment will fuel its ongoing mission to serve businesses and their customers across Africa and the global diaspora. The round was led by Development… Read More