Global

November 6, 2024 @ 3:45 pm By Omar Faridi  |  

Sumsub has revealed its first global fraud index showcasing 103 countries’ susceptibility to digital fraud. To assist regulatory bodies, governments and businesses in understanding and preventing digital fraud, Regtech company Sumsub shares an interactive world map Regtech Sumsub, a verification platform, releases the Global Fraud… Read More

November 6, 2024 @ 1:22 pm By JD Alois  |  

The British Business Bank has published a report on venture capital activity in the UK. The research states that the performance of UK VC funds declined slightly during the 2023/24 period, matching the US and the rest of Europe. While conditions are said to be… Read More

November 6, 2024 @ 12:52 pm By Omar Faridi  |  

Nu México, which claims to be a transparent, clear and human digital finance company, has recently announced the implementation of various features in Cuenta Nu and its credit card product. As noted in a blog post by Nubank (NYSE: NU), these latest features are reportedly… Read More

November 6, 2024 @ 8:41 am By Omar Faridi  |  

Eventus, a provider of trade surveillance and financial risk solutions, and Bitpanda, Europe’s crypto platform, announced that Bitpanda will deploy Eventus’ Validus platform to meet its trade surveillance needs and legal obligations. Established in Vienna in 2014, Bitpanda has offices across the region, including Vienna,… Read More

November 6, 2024 @ 8:34 am By Omar Faridi  |  

The savings market is reportedly set to benefit as clients weigh impact of higher CGT. Nearly seven in ten (69%) UK IFAs believe most clients will hold investments longer now to defer paying higher CGT, according to the latest Flagstone Base Rate Poll. 17% of… Read More

November 6, 2024 @ 8:31 am By Omar Faridi  |  

Mastercard (NYSE: MA) has launched Pay Local in order to empower digital wallet providers with new ways to pay. With Mastercard Pay Local, digital wallet providers will gain access to more than 2 billion Mastercard cardholders, enabling card-based payments and providing choice to travelers Mastercard… Read More

November 6, 2024 @ 8:17 am By Omar Faridi  |  

Banque de France and Monetary Authority of Singapore conducted post-quantum cryptography experiment to enhance communication security. The Banque de France (BdF) and the Monetary Authority of Singapore (MAS) today announced the completion of a joint experiment in post-quantum cryptography (PQC) conducted across “continents over conventional… Read More

November 6, 2024 @ 8:13 am By Omar Faridi  |  

CoinShares International Limited, the European investment company specialising in digital assets, has released its results for the quarter ending 30th September 2024. Jean-Marie Mognetti, Chief Executive Officer of CoinShares said that during Q3 2024, they concentrated on executing their strategy and preparing for a promising… Read More

November 6, 2024 @ 8:11 am By Omar Faridi  |  

Swift, UBS Asset Management, and Chainlink have completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative would reportedly enable digital asset transactions to settle with fiat payment systems across more than 11,500 FIs, across 200+ countries and territories…. Read More

November 5, 2024 @ 2:37 pm By Omar Faridi  |  

Brazilians’ financial health index average rose to 56.7 points in 2024, the highest score in the past three years (an increase of 0.5 points compared to 2023). This data comes from the fourth survey round calculating the Brazilian Financial Health Index (I-SFB). The Brazilian Federation… Read More

November 5, 2024 @ 7:34 am By JD Alois  |  

The Capital Gains Tax (CGT) is moving higher in the UK, and firms and individuals are adjusting their behaviour. One way to mitigate CGT is to invest in companies that qualify under the EIS/SEIS/VCT programs, as there are potentially no capital gains taxes paid at… Read More

November 5, 2024 @ 7:21 am By Omar Faridi  |  

Deutsche Telekom subsidiary MMS, in collaboration with Bankhaus Metzler, is launching a pilot project to operate a Bitcoin mining infrastructure using surplus energy. The mining is intended to be powered by electricity from renewable energy sources, which would otherwise “remain unused” due to “insufficient” grid… Read More

November 5, 2024 @ 7:19 am By Omar Faridi  |  

Experian research released recently highlights a strong interest among U.S. consumers in using generative AI for personal financial management. The tech and data company has reportedly surveyed consumers across the country to understand current perceptions about generative AI and how frequently Americans are tapping into… Read More

November 5, 2024 @ 7:18 am By Omar Faridi  |  

Anchorage Digital is pleased to be an initial partner of the Global Dollar Network (GDN), an alliance of professionals in fintech and digital assets committed to accelerating the adoption of safe and trusted stablecoins. Nathan McCauley, Co-Founder and CEO of Anchorage Digital said that their… Read More

November 5, 2024 @ 7:15 am By Omar Faridi  |  

Wise (LSE:WISE), the tech company building the “best” way to move and manage the world’s money has been granted direct access to InstaPay, the Philippines’ real-time payment system, and can settle with the Bangko Sentral ng Pilipinas’ (BSP) real-time gross payment system, PhilPaSS Plus. Wise claims… Read More

November 5, 2024 @ 5:20 am By Omar Faridi  |  

Plato Partnership, the organization dedicated to advancing the equities marketplace via collaboration, announces standards for managing cash equities market outages, developed by Plato member firms with discussions with exchanges including Deutsche Börse, Euronext, SIX Swiss Exchange, and Nasdaq OMX. Although not all standards have been… Read More

November 4, 2024 @ 10:50 pm By Omar Faridi  |  

Sygnum, a digital asset banking group, announces the transition of its Yield Core AMC, a product that invests in yield-generating strategies in crypto, including lending, funding arbitrage and liquidity provision, into a Luxembourg Reserved Alternative Investment Fund (RAIF) structure. This evolution broadens the fund’s international… Read More

November 4, 2024 @ 10:44 pm By Omar Faridi  |  

As the Web3 ecosystem continues to mature and evolve, significantly more capital is flowing into the crypto-assets sector — which, in many cases, has provided opportunities for hackers to “profit” from this by exploiting vulnerabilities on-chain. This, according to an update from CertiK. Unfortunately, blockchain… Read More

November 4, 2024 @ 10:43 pm By Omar Faridi  |  

New research reveals that more than two-thirds of younger Australians use some kind of budgeting methods. It comes as digital banking platform Ubank introduces a Bills account in addition to their Spend and Save accounts. Australian digital bank, Ubank, has officially rolled out a new… Read More

November 4, 2024 @ 10:42 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce that it plans to open an office in Riyadh in 2025. The office will now aim to strengthen HKEX’s Middle East presence as the Group looks to promote connectivity between China and the Gulf… Read More