Global

September 7, 2024 @ 9:08 am By Omar Faridi  |  

Hex Trust, a provider of digital asset solutions for institutional finance and the Web3 ecosystem, announces a strategic partnership with Grass, a viral, new decentralized infrastructure network that is building the first open internet to scale web crawl. Today, the network is powered by “over… Read More

September 6, 2024 @ 4:58 pm By Omar Faridi  |  

Paystand, the global enabler of blockchain-enabled B2B payments, announced its zero-fee B2B network is expanding to Canada. While Paystand first introduced limited service in Canada in 2018, Canadian payers will now be able to “access all the benefits of the Paystand Platform and the Zero-Fee… Read More

September 6, 2024 @ 4:48 pm By Omar Faridi  |  

Kaspersky’s Global Research and Analysis Team (GReAT) has discovered a new Advanced Persistent Threat (APT) campaign carried out by the Tropic Trooper group. This operation has been targeting a governmental entity in the Middle East “for over a year, aiming to conduct cyberespionage.” To gain… Read More

September 6, 2024 @ 10:43 am By JD Alois  |  

A report by New Financial indicates that the amount of UK pension funds being allocated to UK equities has declined to 4.4% in comparison to last year, when the number was 6.1% and down by half of assets from 25 years ago. The document describes… Read More

September 6, 2024 @ 10:16 am By Omar Faridi  |  

Binance has released an update entitled, Blockchain in the Modern Payments Landscape: Synergy and Transformation. Binance Research has shared that key takeaways as follows: This Binance Research report looks at “the state of modern payments, its main pain points, and how blockchain payments can address… Read More

September 6, 2024 @ 8:51 am By Omar Faridi  |  

Chainalysis has shared key insights focused on Russia’s cryptocurrency pivot as well as legislated sanctions “evasion.” In response to mounting financial pressures of Western sanctions, Russia enacted significant legislation “legalizing cryptocurrency mining and permitting the use of cryptocurrency for international payments.” Chainalysis added that the… Read More

September 6, 2024 @ 8:47 am By Omar Faridi  |  

KPMG has recently commented on the latest Money and Credit data from the Bank of England. Karim Haji, Global and UK Head of Financial Services at KPMG, shared key insights on the newest Money and Credit data from the Bank of England (for the month… Read More

September 6, 2024 @ 8:46 am By Omar Faridi  |  

PayPal (NASDAQ: PYPL) claims it has ushered in a “new era” for customers, making it easier and more rewarding than ever to shop and pay with PayPal anywhere, anytime – both in stores and online. In addition, customers can now add their PayPal Debit Card… Read More

September 6, 2024 @ 8:39 am By Omar Faridi  |  

Credit union balances have been rising, led by consumers on both ends of the credit risk spectrum, according to an update from TransUnion (NYSE: TRU). TransUnion’s Q3 2024 Credit Union Market Perspectives Report explores “the current state of consumer credit and its impact on credit… Read More

September 6, 2024 @ 8:36 am By Omar Faridi  |  

As consumers find ways to navigate the ever-evolving automotive finance market, leasing is re-emerging as an optimal choice for those seeking flexibility and affordability. According to Experian’s (LSE: EXPN) State of the Automotive Finance Market Report: Q2 2024, leasing witnessed “a notable increase—reaching 25.35%, up… Read More

September 6, 2024 @ 8:35 am By Omar Faridi  |  

Quilter, a FTSE-250 wealth manager,  has agreed to acquire Fintech NuWealth. Quilter states that this acquisition will help it pursue its objective to enhance digital capabilities “to better support customers and advisers.” With this acquisition, Quilter aims to “evolve NuWealth to work with advisers to… Read More

September 6, 2024 @ 5:45 am By Omar Faridi  |  

Complaint management is a crucial aspect of customer service and risk management in the financial services sector, according to an update from Spring Labs. These firms—including traditional banks, fintechs and insurance companies—must “adhere to various regulations and standards that require them to handle complaints in… Read More

September 5, 2024 @ 11:02 pm By JD Alois  |  

As was reported earlier, the Payment Systems Regulator (PSR) has decided to review the reimbursement cap on App fraud with the intent to set it at £85,00. This has been widely embraced by the payments sector as previously the reimbursement cap was expected to be… Read More

September 5, 2024 @ 6:58 pm By Omar Faridi  |  

L&G has reportedly selected Moneyhub to power its Qualifying Pensions Dashboard Service Legal & General’s pensions dashboard will leverage Moneyhub’s Open Finance technology to improve experience “for the provider’s 5.3 million DC members, with easy access to all their pensions data in one place.” The… Read More

September 5, 2024 @ 2:34 pm By Omar Faridi  |  

Paylocity (NASDAQ: PCTY), a firm focused on cloud-based HR and payroll software solutions, announced it has signed a definitive agreement to acquire Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and… Read More

September 5, 2024 @ 10:48 am By JD Alois  |  

In September 2023, Mario Draghi, previously the head of the European Central Bank (ECB), was asked by Ursula von der Leyen, the President of the Commission, to devise a plan to boost economic growth and competitiveness in the European Union. Yesterday, Draghi delivered an address to the European Parliament that… Read More

September 5, 2024 @ 9:00 am By JD Alois  |  

Cardano developer Input | Output, and Hedera, have joined Algorand Foundation, Hashgraph (formerly Swirlds Labs), Ripple, and XRPL Labs, as the final Founding Members of the Decentralized Recovery (DeRec) Alliance. Charles Hoskinson, Cardano founder and Input | Output CEO, said they are pleased with the… Read More

September 5, 2024 @ 8:30 am By Omar Faridi  |  

Levi9 Technology Services and ABN AMRO Clearing Bank have announced their new collaboration. Opening a new hub in Romania is said to enable “access to IT-personnel which is necessary in realising our ambitions.” ABN AMRO Clearing Bank (AACB) is a global player “in clearing, custody,… Read More

September 5, 2024 @ 8:25 am By Omar Faridi  |  

BitGo are pleased to announce that their firm has been approved as a custodian under the new SIX Exchange Regulation Crypto-Asset Rule. This approval marks another milestone in BitGo’s mission “to make secure, regulated custody available for clients around the world.” BitGo Europe provides regulated… Read More

September 5, 2024 @ 8:23 am By Omar Faridi  |  

Funding Circle UK (LSE: FCH) has released their Half Year 2024 results. Funding Circle says that they delivered “a solid financial performance, stronger than expectations, and made good progress to simplify the business and deliver profitability as set out in their Full Year Results in… Read More