Global

We find Fintech news from around the world and share it with you here.

Chargebacks911 Introduces Disputes as a Service Platform, Consolidating Data for Issuers, Acquirers, Merchants

Chargebacks911 and its sister firm, Fi911, announced recently the official launch of their Unified Dispute Management System (UDMS)—which is described as the first Disputes-as-a-Service (DaaS) platform of its kind that brings together dispute-related data and workflows, offering a configurable interface for merchants, acquirers, payfacs, fintechs,… Read More

German CEOs to Focus on AI and Acquisitions to Cope with Economic Challenges : Research

KPMG noted that the overall sentiment in German boardrooms continues to get worse: around 72 percent of CEOs in the leading European economy still expect growth for their firm in the next 3 years – which is a low compared to 77 percent reported in… Read More

Investment Targets for JPMorgan Chase’s Security and Resiliency Initiative Analyzed in New Report

JPMorgan Chase (NYSE:JPM) unveiled plans to allocate around $1.5T over the next decade as part of its so-called Security and Resiliency Initiative, including as much as $10B in direct equity investments, in order to support the US’s move towards improved national security. As global competition… Read More

Conversational AI Provider Gradient Labs Looks to Expand in US Market

Gradient Labs, an artificial intelligence (AI) platform that targets conversational engagements for finance, is looking to expand its services into the US following “explosive” growth in Europe. Based in the UK, Gradient Labs was co-founded by Dimitri Masin, Neal Lathia, and Danai Antoniou. Each of… Read More

Bitcoin Illiquid Supply Plummets as $7B in BTC Is Transferred Out of Long-Term Investor Wallets : Analysis

Approximately $7 billion in Bitcoin has now been transferred out of long-term BTC holder reserve wallets since mid-October of this year. This, according to the latest data and insights shared by Glassnode. Because of this fairly recent development, the leading cryptocurrency’s illiquid supply could make… Read More

Fireblocks CEO Says Blockchain Infrastructure Provider Will Help Banks and Fintechs Bring On-Chain Products to Market

This past week, Fireblocks announced its acquisition of Dynamic to deliver the end-to-end custody-to-consumer stack, letting businesses build and scale on-chain products faster and more securely. Dynamic reportedly powers over 50 million on-chain accounts for key players like Kraken, ZeroHash, and Magic Eden. The deal… Read More

UK’s Digital Bank Monzo May Be Considering Private Share Sale

UK’s digital bank Monzo is reportedly planning a new private share sale, according to sources familiar with the matter. The fintech, known for its app-based banking services, is said to be engaging in discussions that could see existing investors and employees offload shares, potentially valuing… Read More

Robinhood: Futures Trading Soom Available for UK Customers

Robinhood (NASDAQ:HOOD) will soon offer futures trading for account holders in the UK. In a company statement, Robinhood stated that users may trade index, energy, metals, and foreign exchange futures directly in the Robinhood app and on Robinhood Legend. The service includes CME products like… Read More

UK Industry Professional Calls for More Collaboration Among Banks, FIs to Combat Financial Crime

Jonathan Frost, Director of Global Advisory for EMEA at BioCatch, has noted that the UK Finance half-year report indicates that although the industry appears to be pushing back, bad actors seem to be pushing even harder and, for now, gaining momentum. Frost added that during H1… Read More

Defunct Crypto Exchange Mt. Gox Again Extends Repayment Deadline to October 2026

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

Bybit Pay, Armenia’s Idram Announce Payment Union

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

UK’s Allica Bank Announces Acquisition of Fintech Kriya

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

Amlak Sells Egypt Unit to Al Baraka as Lender Expands NBFI Portfolio

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

Streaming Platform Rumble to Introduce Bitcoin (BTC) Tipping Feature

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

Banking Sector Profits Potentially Facing Major Hit from AI Adoption, Report Claims

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

Insurance Industry Under Pressure to Boost Operational Efficiency and Improve Agility : Research

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

Egypt–Saudi Tie-Up Launches Platform to Back PropTech Startups

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

Zelle Goes Global with Early Warning Expanding Payments Network via Stablecoin Initiative

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

Generative AI Is Improving How Credit Risk Is Being Assessed : Research

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

Non-Bank Service Providers to Claim 20% of Corporate and Investment Banking Revenues by 2030 : Analysis

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

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