Global

August 6, 2024 @ 7:05 am By Omar Faridi  |  

The 2025 Fintech Pledge has successfully achieved more than 15 million actions in its goal to help millions of UK consumers strengthen their ability to withstand an economic shock, successfully achieving more than half its initial objective. The Pledge has achieved this by “incentivizing unprecedented… Read More

August 6, 2024 @ 7:00 am By JD Alois  |  

Blockchain ecosystem IOTA has been recognized as being Shari’a-compliant. According to a note from IOTA, the Cambridge Institute of Islamic Finance’s certification states that the IOTA token fulfills all accepted Shari’a principles and standards, including those practiced by the Islamic financial services industry. IOTA reports… Read More

August 5, 2024 @ 11:47 pm By Omar Faridi  |  

The research study, shared by cybersecurity firm Kaspersky, and entitled ‘Excitement, Superstition and great Insecurity – How global Consumers engage with the Digital World’ discloses controversial views among users regarding the protection of their personal information. For instance, 49% of respondents “consider covering the webcam… Read More

August 5, 2024 @ 10:46 pm By Omar Faridi  |  

CBInsights has released an update focused on and entitled, the Future of the workforce: How AI agents will transform enterprise workflows. CBInsights dive into what agents are, their limitations, key companies, and “implications for the future of work.” As noted in the research report from… Read More

August 5, 2024 @ 10:42 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired BOSLAN, a provider of management services for large infrastructure projects, headquartered in Bilbao, Spain. With BOSLAN, Accenture will reinvent “how clients engineer and execute net-zero infrastructure projects.” By applying artificial intelligence (AI) and other digital technologies “to asset lifecycle management,… Read More

August 5, 2024 @ 10:40 pm By Omar Faridi  |  

Carta Total Compensation is now available for all companies—not just Carta cap table customers. All private companies can now access Carta’s equity and salary benchmarks to make smarter, data-driven compensation decisions. Without accurate equity and salary benchmarking data, you risk “losing top talent or overpaying… Read More

August 5, 2024 @ 11:26 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Particle Network, the L1 solution for unifying all chains via Universal Accounts, addressing user and liquidity fragmentation in Web3. The number of blockchain networks is rapidly increasing, “with a growing proliferation of… Read More

August 5, 2024 @ 9:49 am By JD Alois  |  

The sky is about to fall today as markets are tanking following the US Federal Reserve’s decision not to cut rates, a moribund jobs report in the US, and Warren Buffet dumping half of his position in Apple (the largest holding in his portfolio), driving… Read More

August 5, 2024 @ 8:31 am By Omar Faridi  |  

With a vast array of tools and samples at their disposal, organized ransomware cybercriminal groups often have proprietary ransomware samples, while standalone criminals frequently rely on leaked DIY variants to launch their attacks. Latest research by Kaspersky reveals the recent ransomware attacks “using the leaked… Read More

August 5, 2024 @ 8:26 am By Omar Faridi  |  

Konsentus announced that Konsentus Verify, Europe’s open banking identity and regulatory checking solution, is now available on Temenos Exchange, the partner ecosystem of integrated fintech solutions. Konsentus Verify ensures end-user account “access is never granted to unauthorised third parties, giving consumers and businesses the highest… Read More

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

The European Central Bank (ECB) and the European Banking Authority (EBA) have recently released a joint report on payment fraud. The report assesses payment fraud data reported semi-annually by payment service providers across the European Economic Area (EEA) for a variety of payment instruments, such… Read More

August 5, 2024 @ 8:18 am By Omar Faridi  |  

Global venture capital investment rose to a five-quarter high in the second quarter of 2024, from $75.3 billion in the first quarter to $94.3 billion. This is shown by the latest Venture Pulse 2024 from KPMG. This development is mainly due “to very large investments… Read More

August 5, 2024 @ 5:44 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has shared an update on the Dormant Assets Scheme expansion covering Investment assets and client money. The FCA noted that they have amended their rules and guidance in ode “to enable dormant investment assets and client money to be… Read More

August 4, 2024 @ 11:58 pm By Omar Faridi  |  

Nexi, the European PayTech, has reportedly signed an agreement with Payac Services CLG, a credit union owned payment services provider, to deliver SEPA Instant payments to all participating credit unions in the Republic of Ireland. As a result of this partnership, 176 credit unions of… Read More

August 4, 2024 @ 10:56 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a firm focused on cloud banking for the global financial services industry, announced that Shawbrook has chosen nCino to help automate its loan origination processes, while expanding portfolio management capabilities through nCino’s cloud-based platform. With nCino’s intelligent solutions, Shawbrook’s team will… Read More

August 4, 2024 @ 10:29 pm By Omar Faridi  |  

PeerBerry investors funded €48.5 million in loans last month (about 1.6% more than in June) as the loan supply on the platform was slightly higher in July compared to June. In July, PeerBerry investors reportedly received €963,700 in interest. PeerBerry’s outstanding portfolio “grew to €114.36… Read More

August 4, 2024 @ 10:06 pm By Omar Faridi  |  

Industry veteran James Greaves, ex-Vice President of Zelle and President and Co-Founder of Fractal, a payment platform providing simple and efficient payment solutions to SaaS companies, divulges insights and predictions on the future of payments in fintech and why fintech integrations are the next frontier… Read More

August 4, 2024 @ 10:01 pm By Omar Faridi  |  

Iress (IRE: ASX) has announces it has completed the sale of its UK Mortgage Sales & Originations business to Bain Capital Tech Opportunities LP. As announced on 15 March 2024, Bain has “purchased the UK Mortgages business for a total cash consideration of £85m ($A167m)… Read More

August 4, 2024 @ 9:56 pm By Omar Faridi  |  

CBInsights notes in a new report that AI funding has reached $23.2B in Q2’24 — the highest quarterly level on record. CBInsights pointed out that global AI funding “climbed once again in Q2’24, jumping 59% QoQ to hit $23.2B — the highest quarterly level on… Read More

August 4, 2024 @ 9:43 pm By Omar Faridi  |  

Zodia Custody, an institution-first digital asset global custodian whose shareholders include Standard Chartered, SBI Holdings, Northern Trust and National Australia Bank, has partnered with Deribit, which claims to be one of the world’s largest crypto options exchange by volume, and will integrate the exchange into… Read More