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

UK Small Businesses Grapple with Financial Literacy Skills Crisis, Hindering Growth : Research

A financial skills gap is said to be undermining the resilience and overall growth of small businesses across the United Kingdom, according to the latest research released by Xero, the global small business platform. The study, conducted by Censuswide and Opinium, reportedly exposes a lack… Read More

UK’s Digital Bank Monzo Plans US Market Push with Banking License Application

UK’s digital bank Monzo appears to be gearing up for a push into the US market by considering a fresh bid for a U.S. banking charter. This comes years after the Fintech company shelved a prior attempt in 2021, when regulators seemingly signaled low chances… Read More

Santander Announces US Equity Research Alliance with Nephron Research

Santander Corporate & Investment Banking announced that its U.S. broker-dealer, Santander US Capital Markets LLC, entered a strategic alliance with healthcare-focused Nephron Research LLC. This is reportedly Santander CIB’s third equity research alliance in the United States, following agreements entered with Telsey Advisory Group LLC,… Read More

Third-Party AML Systems Spending Set to Increase Nearly 130% by 2030 : Research

Total spending on third-party AML systems is projected increase by significant 121% by 2030, according to an update from the team at Juniper Research. This latest estimated figure would be up considerably from $33.9 billion this year. As stated in the report, gaps in transaction… Read More

Private Key Leakage Remains Top Cause of Stolen Crypto-Assets : Analysis

According to available data, Regtech firm SlowMist noted that the MistTrack Team received a total of 317 stolen fund reports during the third quarter of this year, which reportedly includes 245 local submissions as well as 72 different international submissions. The team has now provided… Read More

Banque de France, ACPR, AMF Launch Stress Test on Interconnections with Financial System

The Banque de France, the ACPR and the AMF have reportedly launched a first system-wide stress test on interconnections within the financial system. The Banque de France, the Autorité de Contrôle Prudentiel et de Résolution (French Prudential Supervisory and Resolution Authority) and the Autorité des… Read More

Smile ID, Mastercard Extend African Digital ID Partnership

Mastercard has extended its strategic commercial partnership with Smile ID, an identity verification provider in Africa, to accelerate the rollout of secure digital identity solutions across the continent. This partnership will enable banks, fintechs, mobile money operators and other enterprises to onboard new customers faster,… Read More

Finance Execs Optimistic Despite Expectation of Long-Term Market Uncertainty : SIX Study

Senior executives across the banking and finance sector are reporting a renewed sense of “optimism” or generally positive sentiment in the economic environment for the upcoming year, even though there is a growing belief that increased market uncertainty will be a long-term factor or theme,… Read More

UK Finance Reports Increase in Brits Using Mobile Wallets

More than half of UK adults now use mobile wallets, according to a report from UK Finance. Recent figures from the Fintech and financial services industry trade body reveal how consumer behavior and payment habits in the UK continue to evolve and how they are… Read More

Coinbase Introduces P2P Payments, Claiming to Make Sending Crypto As Easy as a Text Message

Digital assets exchange Coinbase  (NASDAQ:COIN) announced it’s bringing more seamless, global peer-to-peer payments to its customers. Coinbase users will now be able to send stablecoin USDC instantly, anywhere in the world, without incurring any fees. According to the update from the crypto exchange, all users… Read More

Increased Exit Activity and Dealmaking Positions Private Equity to End Year on Positive Note, Report Claims

Steady dealmaking alongside increased exit activity positions private equity to end the current financial year on a relatively high note, according to recent update from PitchBook. PitchBook researchers noted in their latest report that following the increased uncertainty in Q2, headwinds are now starting to… Read More

RAAC, I-ON Digital, to Make $200M of Tokenized Gold Available to Investors

RAAC, a decentralized real-world asset (RWA) lending and borrowing ecosystem, is partnering with I-ON Digital Corp. to make $200 million of tokenized gold available for innovative, on-chain investment opportunities. The deal positions RAAC, a nascent project, among the top 15 RWA protocols in decentralized finance… Read More

RedStone Report: Solana a RWA Hub

A new report from RedStone finds that Solana is now home to more than $13.5 billion in tokenized real-world assets (RWAs), including stablecoins. Contributing factors include institutional-grade performance, compliance-first tooling, and deeply integrated DeFi infrastructure. The data, previewed in RedStone’s upcoming Internet Capital Markets on… Read More

Bitcoin Surges to All-Time High of $125K+, Ethereum, BNB, Solana Drive Crypto Market Higher

In an increasingly uncertain socioeconomic environment including growing tensions in the Middle East due to the Israeli conflict as well as the recent US government shutdown, global financial markets including Bitcoin have rallied to yet another all-time high of $125K right after the global stablecoins… Read More

Malta : MFSA Urges FIs to Focus on Ensuring Business Resilience

The Malta Financial Services Authority issued Dear CEO Letter directing Boards and senior management to embed business resilience as a strategic priority. The findings of a recent Thematic Exercise carried out by the MFSA on Business Resilience revealed a number of gaps that would need attention. The… Read More

DTCC to Increase Focus on Digital Assets Infrastructure with New Appointment

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, is now increasingly focused on the nascent digital assets industry. The  rise of DeFi and its convergence with TradFi is now pushing platforms and service providers to develop… Read More

Cboe Global Markets to Enhance Derivatives Operations with Key Appointments

Cboe Global Markets, Inc. (Cboe: CBOE), the world’s derivatives and securities exchange network, announced the appointment of two industry veterans to spearhead its Derivatives and Data businesses. Rob Hocking rejoins as Executive Vice President, Global Head of Derivatives, and Brian McElligott joins as Senior Vice… Read More

AI Emerges as Key Cybersecurity Investment Priority for Firms : PwC

Nearly eight-in-ten organisations say their cyber budget will increase in the coming year, as businesses contend with an array of cyber risks Investment in AI was the main budget priority (36%) over the next 12 months, ahead of cloud security (34%), network security (28%) as… Read More

Wealthtech Addepar Expands Business Operations with Switzerland Office

Addepar, the tech and data platform serving investment professionals, announced the opening of its office in Geneva, marking its fourth dedicated presence across Europe and the Middle East markets and the latest step in the wealthtech company’s mission to connect the investment sector. This expansion… Read More

Scotland Unveils Investment Platform to Help Startups with Acquiring Financial Resources

Scotland has recently announced the launch of the Scottish Ecosystem Platform, the all-in-one, open-access platform offering granular data on its startup, scale-up, and private company ecosystem in an effort to secure international investment. This project, which is said to be a new collab between the… Read More

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