Global

July 9, 2025 @ 6:54 pm By Omar Faridi  |  

The UK economy is at a pivotal moment, with recent reports from KPMG highlighting key developments in banking regulation, consumer sentiment, and credit conditions. Collectively, these updates reflect cautious optimism amid ongoing economic challenges, with implications for policymakers, businesses, and households. The United Kingdom’s ring-fencing… Read More

July 9, 2025 @ 6:52 pm By Omar Faridi  |  

The digital landscape is increasingly becoming a battleground for regulators and cybercriminals, with recent developments highlighting the critical need to disrupt the infrastructure enabling illicit activities. Two significant updates underscore this ongoing struggle: the U.S. Treasury’s sanctions against Russia-based hosting provider Aeza Group for supporting… Read More

July 9, 2025 @ 11:35 am By Omar Faridi  |  

The evolving ecosystem of digital assets presents various challenges for businesses striving to maintain compliance and transparency in their financial reporting. This, according to an update from TaxBit. As cryptocurrencies and blockchain-based assets become integral to global finance, the need for robust, audit-ready accounting solutions… Read More

July 9, 2025 @ 10:48 am By Omar Faridi  |  

The retail industry stands at the cusp of a transformative era, with artificial intelligence (AI) poised to potentially redefine how commerce operates. This, according to an update from CB Insights. As autonomous shopping tools and agentic payment solutions gain traction, retailers are racing to integrate… Read More

July 9, 2025 @ 9:47 am By Omar Faridi  |  

The first half of 2025 has marked a grim milestone for the cryptocurrency industry, with over $2.1 billion stolen across 75 distinct hacks and exploits, according to a recent report by TRM Labs. This figure not only surpasses the previous first-half record set in 2022… Read More

July 9, 2025 @ 8:43 am By Omar Faridi  |  

Nubank (NYSE: NU), one of the world’s largest digital financial services platforms in terms of scope of operations and revenue, continues to reshape the financial landscape in Latin America with significant milestones in Mexico and strategic leadership appointments. With over 118 million customers across Brazil,… Read More

July 9, 2025 @ 8:20 am By Omar Faridi  |  

The Bank of New York Mellon Corporation (BNY) (NYSE: BK), a global financial services company, and iCapital, the global fintech platform shaping the future of investing, announced an alliance to deliver an integrated offering through BNY Pershing’s Wove and BNY’s Alts Bridge platforms. Building on… Read More

July 9, 2025 @ 7:56 am By JD Alois  |  

The Bank of New York Mellon Corporation (BNY) (NYSE: BK)will provide custody for Ripple’s dollar-based stablecoin RLUSD. Congressional legislation providing clarity on the regulation of payment stablecoins is expected to be passed into law soon. This will mean the banks will feel more comfortable providing… Read More

July 9, 2025 @ 6:09 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published a report on Open Banking in APAC countries. The research covers 16 different jurisdictions and the status of Open Banking development across the region. Open Banking, also known as Open Finance, refers to the ability to share data… Read More

July 9, 2025 @ 5:32 am By Omar Faridi  |  

Steeleye has explained that in the financial services sector, compliance with regulatory requirements is paramount to maintaining trust, transparency, and operational integrity. Among these requirements, voice recording regulations have become increasingly critical as regulators emphasize the need for robust recordkeeping to prevent misconduct and ensure… Read More

July 9, 2025 @ 5:27 am By Omar Faridi  |  

Middle market business professionals remain resilient despite economic uncertainty, according to JP Morgan’s (NYSE: JPM) 2025 Business Leaders Outlook Pulse Survey. Compared with the start of the year, “optimism for the national economy fell by more than half, dropping from 65% as reported in January,… Read More

July 9, 2025 @ 5:18 am By Omar Faridi  |  

wefox has reportedly secured funding of €151 million. This consisted of a €76 million capital raise “primarily from its existing investor base as well as refinancing of an existing credit facility with €75 million from Searchlight Capital Partners’ credit fund, Searchlight Opportunities Fund II.” The… Read More

July 8, 2025 @ 8:02 pm By Omar Faridi  |  

Zap, a digital design and marketing agency, has launched its new payments product alongside Zap Cashier, a service that promises a seamless payment experience, embedded directly into Zap’s technology platform. Zap’s payment functionality is secured by TrueLayer, Europe’s Pay by Bank provider and DNA Payments,… Read More

July 8, 2025 @ 2:11 pm By Omar Faridi  |  

As Lemonade, Inc. (NYSE: LMND) marks its tenth year of operations, the Insurtech, boosted by artificial intelligence (AI) and a commitment to social impact, reflects on its journey from a startup to a publicly traded leader in the insurtech space. Additionally, the company has announced… Read More

July 8, 2025 @ 8:02 am By Michael Wong  |  

The European Union has authorized 53 crypto-related firms to operate under its landmark Markets in Crypto-Assets (MiCA) regulation, six months after the framework came into full effect. The approvals mark a major milestone in the bloc’s effort to establish a single, harmonized rulebook for digital… Read More

July 8, 2025 @ 6:33 am By Omar Faridi  |  

Redpin, a global property payments platform backed by a £140 million Blackstone investment, has unveiled Redpin Payments, the solution built from the “ground up to bring security and certainty to international real estate transactions.” Redpin Payments seeks to provide Spanish real estate professionals complete control… Read More

July 8, 2025 @ 6:23 am By JD Alois  |  

Monzo, a top UK-based digital bank, has been hit with a penalty of £21,091,300 for “inadequate anti-financial crime systems and controls.” In a public statement the UK Financial Conduct Authority said the infratctions took place between October 2018 and August 2020. The FCA stated that… Read More

July 8, 2025 @ 5:43 am By Omar Faridi  |  

The UK’s pension system is still failing to serve swathes of the workforce – and urgent action is needed to ensure that people are saving adequately for retirement. That’s the message from PensionBee, a firm focused on the consumer retirement market, as the Pension Schemes… Read More

July 8, 2025 @ 5:10 am By Omar Faridi  |  

The Bank of England has recently published a series of working papers and a notable speech by Professor Alan Taylor, shedding light on critical economic issues ranging from historical inflation to modern monetary policy tools. These publications offer insights into the UK’s economic history, the… Read More

July 8, 2025 @ 4:52 am By Omar Faridi  |  

European Payments Initiative (EPI), a digital payment alternative to for consumers in Europe, has announced five new members in Belgium. Argenta, Bank Van Breda, Beobank, Crelan, and vdk bank will “prepare to roll out Wero, EPI’s digital wallet and instant account-to-account (A2A) payment solution, and… Read More