Global

September 23, 2024 @ 9:06 am By JD Alois  |  

CapitalRise is reporting that it has closed on an £8.22 million senior development loan in Wimbledon. The real estate investment platform says this most recent facility follows a robust summer that generated record activity on the property finance platform. As for the Wimbledon project, the financing… Read More

September 23, 2024 @ 8:47 am By Omar Faridi  |  

Solaris, Europe’s embedded finance platform has taken the difficult decision to discontinue major parts of its Electronic Money Institution business (formerly known as Contis). Solaris is reshaping into a stronger, “more resilient and agile organization that leads the market with innovative financial solutions.” As part… Read More

September 23, 2024 @ 8:41 am By Omar Faridi  |  

The Frankfurt am Main Public Prosecutor’s Office – Central Office for Combating Internet Crime (ZIT) – and the Federal Criminal Police Office ( BKA ) have shut down 47 exchange services hosted in Germany that were “being used for criminal purposes.” These were platforms on… Read More

September 23, 2024 @ 8:37 am By Omar Faridi  |  

LemonEdge, the fund accounting solution for private markets, has announced a strategic partnership with Eleven, an investor portal solution. This partnership marks a significant milestone “for both companies, combining LemonEdge’s innovative accounting capabilities with Eleven’s powerful platform for automating and streamlining the entire investor lifecycle,… Read More

September 23, 2024 @ 8:34 am By Omar Faridi  |  

Boerse Stuttgart Digital provides crypto infrastructure to DZ BANK, giving cooperative bank customers access to cryptocurrencies Safe and easy access to regulated cryptocurrency trading and custody services for retail customers. This is said to represent a key milestone for mass crypto adoption in Europe. As… Read More

September 23, 2024 @ 8:30 am By Omar Faridi  |  

Voice cloning scams – where fraudsters use AI technology to replicate the voice of a friend or family member – could be set to catch millions out, according to new research shared by Starling Bank. The data, from Starling Bank, found that over “a quarter… Read More

September 22, 2024 @ 7:37 pm By Omar Faridi  |  

NatWest reports that it has completed a multimillion-pound funding deal with North East’s believe housing. NatWest notes that the £90 million funding package will aim to “support long-term growth plans for social housing association.” As stated in the announcement, believe housing has obtained a £90… Read More

September 22, 2024 @ 9:16 am By Omar Faridi  |  

Swift and Wise  (LSE:WISE) says they will increase cross-border payment options for financial institutions and their customers, enabling payments sent via Swift to be completed over Wise with end-to-end transparency. Financial institutions seeking to innovate their offerings “will be able to route Swift payment messages… Read More

September 22, 2024 @ 9:09 am By Omar Faridi  |  

Ahead of a “painful” Budget expected this autumn, new research from independent SME funder Bibby Financial Services (BFS) reveals that UK SMEs consider tax incentives and access to finance as two critical areas that need “to be addressed by the Government to unlock growth.” Data… Read More

September 22, 2024 @ 8:58 am By Omar Faridi  |  

A new report, released by Experian in collaboration with techUK, reveals Generative AI (GenAI) has the potential to boost annual U.K. GDP over the next ten years by up to £120 billion, but cites significant barriers “for businesses to overcome before that figure becomes a… Read More

September 22, 2024 @ 8:47 am By Omar Faridi  |  

wefox Holding AG has announced the selection of Joachim Müller as CEO with immediate effect. Mark Hartigan, who has served as both Chairman of the Board and interim CEO during the recent restructuring, will continue as Chairman of the board. Hartigan stepped into the CEO… Read More

September 22, 2024 @ 8:36 am By Omar Faridi  |  

E-commerce enablement investments have reportedly increased QoQ, producing $1.9 billion across 101 different deals, improvements of 2.4% as well as 9.8%, respectively. This, according to the latest research report from PitchBook. However, PitchBook pointed out in its latest report that YoY contractions “were sharper, with… Read More

September 22, 2024 @ 8:34 am By Omar Faridi  |  

Crypto.com, which claims to be trusted by more than 100 million customers worldwide and the industry leader in regulatory compliance, security and privacy, announced this past week that users in the U.S. can add PayPal (NASDAQ:PYPL) as a payment method to fund purchases of cryptocurrencies…. Read More

September 22, 2024 @ 8:31 am By Omar Faridi  |  

The US, Indonesia and Turkey are leading the crypto and blockchain markets with 33% of RWA crypto interest, according to a report from CoinGecko. CoinGecko notes in its report that the country most interested in crypto Real World Assets (RWA) is “the US, which accounts… Read More

September 22, 2024 @ 6:11 am By Omar Faridi  |  

Lloyds Bank is warning of a rising scam where rogue retailers are using fake websites to trick people into purchasing items that are never dispatched, costing victims an estimated £6.6 million so far. Tens of thousands of credit and debit card customers “have sadly fallen… Read More

September 21, 2024 @ 2:05 pm By Omar Faridi  |  

Securitize, bringing the world on-chain as the enablers of real-world asset tokenization, announced an integration with the Wormhole Foundation that will bring cross-chain capabilities to all assets tokenized through the Securitize platform. The collaboration results in all current and future tokenized assets from Securitize “leveraging… Read More

September 21, 2024 @ 1:04 pm By Omar Faridi  |  

As the global focus on sustainability intensifies, Malta’s financial sector is embarking on green initiatives also when designing new financial products. A recent review by the Malta Financial Services Authority (MFSA) has shed light “on the need for greater transparency and consumer protection in the… Read More

September 21, 2024 @ 12:33 pm By Omar Faridi  |  

Nubank (NYSE: NU) announces the signing of agreements with the states of Rio de Janeiro and Minas Gerais to expand the offering of payroll loans. With these two new contracts, the company reaches a “total of 11 agreements and expands its total addressable market (TAM)… Read More

September 21, 2024 @ 11:28 am By Omar Faridi  |  

Fathom, the AI-powered meeting intelligence platform that enables teams to have more productive conversations, announced it has raised $17 million in Series A funding led by Telescope Partners. Fathom’s seed investors reportedly include Maven Ventures, Character, Active Capital and Rackhouse Ventures. The company also reserved… Read More

September 21, 2024 @ 10:36 am By Omar Faridi  |  

Digital wallets are said to be a rapidly growing online technology, which has now reportedly experienced a particular and steady growth in popularity since the COVID-19 outbreak of 2020. This, according to a comprehensive report from Juniper Research. Juniper Research noted that it is also… Read More