Global

December 8, 2023 @ 11:04 am By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, issued its annual Systemic Risk Barometer Survey results, which have “identified Geopolitical Risks, Inflation, U.S. Political Uncertainty / 2024 U.S. Presidential Election and Cyber Risk as the most significant threats to the financial services… Read More

December 8, 2023 @ 11:01 am By Omar Faridi  |  

Experian, the global information services company, has announced the launch of a suite of new capabilities for Ascend, its cloud-based analytics and technology platform. These latest innovations aim to “increase operational efficiency, maximize profitability and support lenders and businesses in today’s rapidly changing market conditions… Read More

December 8, 2023 @ 8:50 am By Omar Faridi  |  

Airwallex shared data on the impact of a new generative AI tool that enhances the speed and efficacy of its “Know your Customer” (KYC) and onboarding processes. The new tool reduces ‘false positives’ by 50 percent “on average, while boosting the number of customers that… Read More

December 8, 2023 @ 8:45 am By JD Alois  |  

Tether, the largest dollar-referenced stablecoin issuer by market cap, says it is working with El Salvador on its “Adopting El Salvador Freedom Visa Program.” The Visa program aims to attract individuals who will help boost the economy of the Central American country. The program is… Read More

December 8, 2023 @ 7:43 am By Omar Faridi  |  

The UK’s energy supply could require more than £900 billion in capital expenditure to achieve net zero by 20501, opening up “a significant opportunity for public and private capital in enabling a successful transition,” according to a new report published by NatWest and Boston Consulting… Read More

December 8, 2023 @ 7:41 am By Omar Faridi  |  

Circle and Nubank (NYSE:NU), which claims to be one of the world’s largest digital financial platforms serving 90 million customers across Brazil, Mexico, and Colombia, announced a partnership to extend USDC access to Brazilian Nubank customers. Circle’s USDC is the reported as being one of the… Read More

December 7, 2023 @ 11:28 pm By Omar Faridi  |  

In November, Mintos reveals that it saw investments in Notes reach €135.2 million, the largest growth in two years. According to Peteris Mikelsons, Head of Partnerships at Mintos, this upward trend can primarily be attributed to “larger than usual repurchases, primarily made by Eleving Group,… Read More

December 7, 2023 @ 10:31 pm By Omar Faridi  |  

Currencycloud, the firm focused on simplifying business in a multi-currency world, has partnered with BriskPe, the Mumbai-based cross-border payments Fintech, in order “to expand BriskPe’s customers’ payment options.” The partnership will open up international business opportunities “for its India-based micro, small and medium sized enterprise… Read More

December 7, 2023 @ 10:25 pm By Omar Faridi  |  

CapitalRise reveals that it recently passed the £300m lending milestone, against £830m of prime property assets. To sustainably maintain this growth in their loan book, they claim to “have robust monitoring processes in place.” Their own project managers reportedly work “with independent third-party professionals, such… Read More

December 7, 2023 @ 10:23 pm By Omar Faridi  |  

From cafes and restaurants to the aesthetic of the properties, there are a lot of factors to consider when choosing a city to purchase a buy-to-let property, according to an update from UK’s Molo Finance. Nowadays, a location’s social media presence is also “becoming an… Read More

December 7, 2023 @ 10:22 pm By Omar Faridi  |  

The artificial intelligence (AI) boom across all industries has fueled “anxiety” in the workforce, with employees fearing ethical usage, legal risks and job displacement, according to new data from Ernst & Young LLP (EY US). The AI Anxiety in Business Survey is based “on findings… Read More

December 7, 2023 @ 10:20 pm By Omar Faridi  |  

Millennial Shift Technologies Inc. has announced a strategic collaboration with CyberCube, the cyber risk analytics platform. mShift is a digital platform that allows insurance professionals to “quote, bind and issue multiple lines of business within the small to medium enterprise (SME) cyber liability space. mShift is… Read More

December 7, 2023 @ 3:03 pm By Omar Faridi  |  

The Mastercard Center for Inclusive Growth announced the newest grant recipients of the Mastercard Strive Innovation Fund, with nearly $2 million in grants distributed globally. Mastercard Strive supports early-stage solutions “with the potential to drive outsized impact for small businesses in the categories of sustainability,… Read More

December 7, 2023 @ 10:50 am By JD Alois  |  

Digital asset firm Taurus SA is expanding into Germany. The firm is regulated in Switzerland by FINMA and provides an infrastructure to issue, custody, and trade any digital assets, including cryptocurrencies, tokenized assets, NFTs, and digital currencies. Taurus also operates a marketplace for private assets… Read More

December 7, 2023 @ 8:08 am By Omar Faridi  |  

KPMG has shared its response to the latest UK Q3 M&A data. Rob Baxter, UK Head of Corporate Finance at KPMG, commented: “A combination of domestic and global factors continues to suppress UK dealmaking. But while the cost of borrowing will remain high, slowing inflation… Read More

December 7, 2023 @ 8:06 am By Omar Faridi  |  

Robinhood (NASDAQ: HOOD) is launching a Crypto app, which will be offered to all eligible customers in the European Union (EU). According to a blog post by Robinhood, it is “the only custodial crypto platform where customers will get a percentage of their trading volume… Read More

December 7, 2023 @ 8:04 am By Omar Faridi  |  

Liberis, an embedded business finance solutions provider, announced it has secured $112 million in debt financing in order “to support its further growth in North America and Europe and expansion into new markets, including Canada, Poland and Germany.” This collaboration is set “to inject a… Read More

December 7, 2023 @ 3:00 am By JD Alois  |  

FinTech Scotland has announced the launch of the Financial Regulation Innovation Lab (FRIL). The project is predicted to shape the regulatory landscape for financial services in the UK as well as around the world. The Lab was created in partnership with the University of Strathclyde… Read More

December 6, 2023 @ 10:05 pm By Omar Faridi  |  

More than half (62%) of financial advisors currently allocate between 6% and 25% of clients’ portfolios to alternative asset classes, with (85%) of them expecting “to increase allocations to one or more alternative asset classes further within the next year,” according to a recent independent… Read More

December 6, 2023 @ 10:04 pm By Omar Faridi  |  

Mine, a company disrupting the data privacy market, announced that it has raised $30 million in Series B funding, co-led by Battery Ventures and PayPal Ventures, with significant investments from Nationwide Ventures and “with the participation of all existing investors including Saban Ventures, Gradient Ventures… Read More