Global

October 24, 2024 @ 9:34 am By Tony Zerucha  |  

The latest edition of LexisNexis Risk Solutions’ Taking the Pulse of Major Sanctions Lists suggests a heightened level of sanctions activity may be the new normal. The report analyzes activity from the United Nations (UN), European Union (EU), Office of Foreign Assets Control (OFAC), and… Read More

October 24, 2024 @ 9:21 am By JD Alois  |  

There has been much discussion of the Open Banking rules announced by the US Consumer Financial Protection Bureau (CFPB). While many support the new regulations, which aim to empower consumers to control their financial services data—allowing when and by whom to use the information—some are concerned about having a… Read More

October 24, 2024 @ 9:00 am By Omar Faridi  |  

Stablecoins are dominating market share in the crypto ecosystem, as Bitcoin (BTC) continues to gain adoption. This, according to a report from Chainalysis which also noted that merchant services are now thriving in Central, Northern, and Western Europe. Central, Northern, & Western Europe (CNWE), the… Read More

October 24, 2024 @ 8:53 am By Omar Faridi  |  

UK Finance has released its 2024 banking sector tax report, UK Finance has shared key insights in its latest estimate of the total tax contribution of the UK banking sector, produced by Big Four auditing and professional services firm PwC. The detailed analysis shared by… Read More

October 24, 2024 @ 8:51 am By Omar Faridi  |  

Sygnum, a digital asset banking group, announces a new office in Lugano, the largest city in the Canton of Ticino and the Italian-speaking area of southern Switzerland. The move aims to expand client services and enable collaboration with the  Lugano-based Bitcoin and digital asset ecosystem… Read More

October 24, 2024 @ 8:50 am By Omar Faridi  |  

BNPL or Buy Now Pay Later is said to have saved UK consumers half a billion pounds in credit card interest over a decade, according to an update from Klarna which claims it is now marking 10 years of savings. Klarna, the AI-powered global payments… Read More

October 24, 2024 @ 8:49 am By Omar Faridi  |  

Sequence and Republic Crypto are to drive long-term growth and token utility for web3 games with scalable, secure solutions. Sequence and Republic Crypto, a web3 advisory firm and one of the venture arms at Republic, are announcing their partnership to ensure the success of web3… Read More

October 23, 2024 @ 10:57 pm By Michael Wong  |  

The Financial Conduct Authority (FCA) is intensifying its efforts to curb illegal activities by financial influencers, commonly known as “finfluencers“, who may be promoting financial services unlawfully. As part of a targeted crackdown, the regulator has issued 38 alerts against social media accounts run by… Read More

October 23, 2024 @ 8:59 pm By Omar Faridi  |  

SIX and China Construction Bank Corporation (CCB) signed an MOU to develop cooperation on securities services topics and to foster a continuing relationship between the parties. The signing session reportedly took place in Beijing, China, at SIBOS. SIX and CCB share three main purposes: the… Read More

October 23, 2024 @ 8:45 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the financial platform for global companies, announced its partnership with Aigens, a Hong Kong-based food and beverage (F&B) software-as-a-service (SaaS) provider. Via this collaboration, Aigens incorporates Adyen’s payment capabilities into its Aigens Pay offering, helping restaurants in Hong Kong and Singapore optimize their front- and… Read More

October 23, 2024 @ 7:01 pm By Omar Faridi  |  

LSEG and Dun & Bradstreet are expanding access to private markets data, which is said to be essential for driving impact in capital markets. LSEG (London Stock Exchange Group) and Dun & Bradstreet (NYSE: DNB), announced a collaboration in order to broaden access to private… Read More

October 23, 2024 @ 4:32 pm By Omar Faridi  |  

Deloitte Global released the latest Global Future of Cyber survey, which found that cybersecurity is becoming a cornerstone of organizations’ growth strategies and business plans amidst the complex threat landscape. The research study findings shared recently by Deloitte Global’s largest cyber-related survey to date show… Read More

October 23, 2024 @ 4:30 pm By Omar Faridi  |  

Despite the arrest of key operators in early 2024, Grandoreiro continues to be used by its partners in new campaigns. Kaspersky Global Research and Analysis team (GReAT) has reportedly “discovered a new light version focused on Mexico, targeting around 30 banks.” These findings are to… Read More

October 23, 2024 @ 11:44 am By Omar Faridi  |  

Regtech Jumio explained that its portfolio now covers advanced innovations in biometrics, liveness detection, and anti-spoofing technologies Jumio, the provider of automated, AI-driven identity verification, risk signals and compliance solutions, announced that it reportedly has more than 300 issued patents and patent applications. The strength… Read More

October 23, 2024 @ 9:33 am By Omar Faridi  |  

NatWest continues to support the European energy transition with €450 million financing of solar power projects in Southern Europe. NatWest has recently teamed up with Glennmont Partners in order to finance the construction of 17 solar photovoltaic projects across Spain, Italy and Portugal with a… Read More

October 23, 2024 @ 7:32 am By Omar Faridi  |  

European digital banking platform CaixaBank consolidates its position in mobile banking and partners with Apple (NASDAQ:AAPL) to enhance customer experience. CaixaBank closed the first months of the year with 4.4 million customers with cards linked to mobile devices, figures that are “on the rise,” with… Read More

October 23, 2024 @ 7:30 am By Omar Faridi  |  

The number of global banks losing clients to slow and inefficient know your customer (KYC) onboarding practices has surged to a record high this year, according to new research from Fenergo, the provider of solutions for KYC, client lifecycle management (CLM) and transaction monitoring. A… Read More

October 23, 2024 @ 7:25 am By Omar Faridi  |  

A new European initiative has now been introduced in order to improve instant payments between different currencies. The European Central Bank (ECB) is now launching an initiative aimed at making it easier for companies to develop services for making instant payments between different currencies. Initially,… Read More

October 23, 2024 @ 7:23 am By Omar Faridi  |  

Garanti BBVA Kripto aims to provide high performance, security, and customer trust standards of digital assets by entering strategic collaborations with Ripple through the service received from its subsidiary and IBM, for the safe custody of its digital asset trading platform, which reportedly serves more… Read More

October 22, 2024 @ 11:14 pm By Omar Faridi  |  

UK Finance has shared a Half Year Fraud Report 2024. According to the latest update from UK Finance, fraud continues to pose a major “threat” to the United Kingdom as well as potentially cause “serious harm’ to individuals and society in general. During the first… Read More