Global

October 30, 2024 @ 3:14 pm By Omar Faridi  |  

Lunar, the Nordic challenger bank, announces the launch of its AI Voice Assistant, marking a milestone as the European bank to introduce GenAI Native Voice tech. Powered by the GPT-4o model, the GenAI Native Voice Assistant will help make banking accessible to all demographics, offering… Read More

October 30, 2024 @ 3:13 pm By JD Alois  |  

In the Autumn Statement delivered by Chancellor of the Exchequer Rachel Reeves today, the UK government delivered on an expectation for an increase in taxes. The Chancellor is the first female to deliver a budget in the UK’s history. In total, the government anticipates about… Read More

October 30, 2024 @ 9:53 am By Omar Faridi  |  

Visa (NYSE: V), an enabler of digital payments, announced a partnership with digital assets firm Coinbase (NASDAQ:COIN). This partnership adds convenience and new services for Coinbase customers across the US and EU, including “real-time,” reliable, and “secure” money movement. By integrating with the Visa Direct… Read More

October 30, 2024 @ 9:49 am By Omar Faridi  |  

The Capgemini Research Institute’s World Payments Report 2025 reveals an industry set to be reimagined with account-to-account and instant payments. Now marking its 20th edition, the report “predicts instant payments will account for 22% of all non-cash transaction volumes by 2028 globally.” Since the inaugural… Read More

October 30, 2024 @ 8:24 am By JD Alois  |  

VanEck says it will be working with Kiln to power institutional staking with Solana. Solana is a Proof of Stake blockchain, and its native cryptocurrency is SOL. VanEck is a financial services firm that mainly provides exchange-traded products. Kiln is a digital asset rewards management… Read More

October 30, 2024 @ 7:37 am By Omar Faridi  |  

Inflation rate reports (CPI) don’t significantly affect the Bitcoin (BTC) price, according to an update from CoinGecko. Having launched back in 2009 after the Great Financial Crisis, Bitcoin (BTC), now the flagship digital currency, reportedly had few macroeconomic “stress tests to withstand.” The extensive research… Read More

October 30, 2024 @ 7:36 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, and TickPick, the modern transparent ticket marketplace transforming the event ticketing industry, announced their partnership to enhance the ticket buying experience for all TickPick customers. TickPick, known for its no service fee policy, best price guarantee,… Read More

October 30, 2024 @ 7:30 am By Omar Faridi  |  

DWS Xtrackers has reportedly become the new crypto ETP issuer at SIX Swiss Exchange. SIX welcomes DWS Xtrackers as the latest issuer of Exchange-Traded Products (ETPs) with “cryptocurrency underlyings.” DWS Xtrackers lists in total two new products, one on Bitcoin and one on Ethereum. With… Read More

October 29, 2024 @ 10:51 pm By Omar Faridi  |  

Zodia Custody, which claims to be an “institution-first” digital asset custodian, whose shareholders reportedly include Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, has launched Unified Wallets, a feature to enhance its core custody solution, offering institutional digital asset and fund managers the… Read More

October 29, 2024 @ 10:49 pm By Omar Faridi  |  

Crime experienced by individuals and households has generally decreased over the last 10 years with some notable exceptions. Latest estimates from the Crime Survey for England and Wales (CSEW) showed that there were an “estimated 9.2 million incidents of headline crime” (which includes theft, robbery,… Read More

October 29, 2024 @ 10:48 pm By Omar Faridi  |  

Thunes, which claims to be the Smart Superhighway to move money around the world, announced the launch of its new Pay-to-Card solution, broadening the company’s Global Direct Network’s reach. Via this offering, Thunes now connects Members of its Network to 15 billion cards, including Mastercard,… Read More

October 29, 2024 @ 10:47 pm By Omar Faridi  |  

Jumio, the provider of automated, AI-driven identity verification, risk signals and compliance solutions, unveiled Jumio Liveness, an in-house technology designed to address increasingly sophisticated fraud tactics. This solution expands beyond presentation attacks, such as paper or screen copies, and employs AI models to block threats… Read More

October 29, 2024 @ 10:46 pm By Omar Faridi  |  

Most Australian tech professionals (81%) feel it is challenging to keep up with the pace of change, with 76% acknowledging their own role has evolved significantly over the last couple years, according to research from KPMG. Research for the KPMG Global Tech Report has recently… Read More

October 29, 2024 @ 10:44 pm By Omar Faridi  |  

Seneschal, the specialist private equity and real estate / real assets fund administrator, has selected LemonEdge, the fund accounting solution for private markets funds, to build its back-office accounting operations to deliver the best services to its fund manager clients at scale. ‍Founded in 2021… Read More

October 29, 2024 @ 10:41 pm By Omar Faridi  |  

Banco Santander, Lloyds Banking Group, and UBS have  completed the first uncleared bilateral margin payments using a digital representation of central bank funds on the Sterling Fnality Payment System (£FnPS). This “real-world” proof-of-concept reportedly “proves” that Fnality can be used to make bilateral margin payments… Read More

October 29, 2024 @ 4:53 pm By Omar Faridi  |  

Novaprime, a mortgage technology company dedicated to making homeownership more affordable, has recently announced that it makes its public debut with the launch of its AI-powered Loan Quality Platform. The platform is designed to improve the mortgage process by quickly evaluating loan integrity, “reducing processing… Read More

October 29, 2024 @ 4:48 pm By Omar Faridi  |  

Nium, the global infrastructure for real-time cross-border payments,  announced the launch of Nium Verify, a real-time bank account verification solution for businesses and individual accounts, available across 50 markets. Designed to empower businesses with instant verification of beneficiary bank account details, Nium Verify aims to… Read More

October 29, 2024 @ 4:46 pm By Omar Faridi  |  

Circle, a global digital financial technology firm, has signed a Memorandum of Understanding (MOU) with HKT, a technology, and telecommunication firm, in order to explore a potential collaboration in developing blockchain-based customer loyalty solutions for merchants in Hong Kong. Leveraging Circle’s expertise in Web3 Services… Read More

October 29, 2024 @ 4:45 pm By Omar Faridi  |  

David Marcus, the CEO of Lightspark, has emphasized the importance of innovation in digital or online payment systems, especially when compared to the archaic infrastructure many financial institutions still rely on today. In his insightful conversation with Brian Mosoff from BlackRock, Marcus has notably underscored… Read More

October 29, 2024 @ 11:49 am By JD Alois  |  

An increase in capital gains taxes (CGT) is anticipated to be announced at this week’s Autumn Statement. This will impact investments in firms and may undermine support of early-stage ventures. This much is clear. Today, we have two more executives adding their voices to the… Read More