Global

June 12, 2024 @ 6:04 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the world’s largest digital banking platforms outside of Asia, and Chubb, a global enabler of insurance, announced that they have reached a significant milestone of 2 million active insurance policies in Brazil. Contributing to the success… Read More

June 12, 2024 @ 6:03 pm By Omar Faridi  |  

XTransfer, the B2B cross-border trade payment platform, and Banking Circle, the tech-driven payments bank, have entered into a partnership. This collaboration aims to reduce “the cost and processing time of cross-border payments for XTransfer’s clients, particularly benefiting Chinese suppliers with significant markets in Europe and… Read More

June 12, 2024 @ 12:40 pm By JD Alois  |  

While it should be obvious to everyone, high individual taxes hinder investment and innovation and diminish wealth creation – which can create benefits for all. The flipside to high taxes is a central authority that provides more social services, or entitlements, to the population while… Read More

June 12, 2024 @ 9:42 am By JD Alois  |  

SyndicateRoom, a platform that began life as a single issuer investment platform, has shared insight into its Access EIS Fund performance. The Access EIS Fund is available to smaller investors and aims to generate a return of £3.50 for each £1 invested. The diversified fund… Read More

June 12, 2024 @ 8:33 am By Omar Faridi  |  

Mistral AI is announcing €600M in Series B funding for their first year of operations. Mistral AI said the funding from the investment round will accelerate its roadmap as it continues to bring frontier AI into everyone’s hands. The company is developing various generative AI… Read More

June 12, 2024 @ 8:23 am By Omar Faridi  |  

The KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, pointed to another reduction in permanent placements made by UK recruitment consultants in May. Delayed decision making and a lack of demand “amongst companies were reported to have weighed on recruitment activity.”… Read More

June 12, 2024 @ 8:21 am By Omar Faridi  |  

Mastercard (NYSE: MA) announced its vision for 100% e-commerce tokenization in Europe by the end of the decade. This supports a global commitment to “phase out manual card entry and make e-commerce safer and more accessible for everyone.” As payments become more intricate, Mastercard is… Read More

June 12, 2024 @ 8:18 am By Omar Faridi  |  

Starling Group has released consolidated results for Starling Bank, Engine by Starling, and Fleet Mortgages for the year ending 31 March 2024. The results show a third year of profitability for Starling Group, “driven by strong growth in revenue, deposits, active customers and customer transactions…. Read More

June 12, 2024 @ 4:11 am By Omar Faridi  |  

Genesis Global announced bold new initiatives to make it easier and faster for financial markets firms to address their most pressing, strategic and innovative software opportunities with the Genesis Application Platform. Facilitated by Version 8 of the Genesis platform (G8), released recently, the new initiatives… Read More

June 12, 2024 @ 3:57 am By Tony Zerucha  |  

Investment bank DAI Magister said Africa’s remittance market, which is poised to reach $500 billion by 2035, makes it a prime investment opportunity. Remittances comprise a significant portion of African GDP, with the total value of remittances across the continent reaching nearly $100 billion in… Read More

June 11, 2024 @ 1:19 pm By JD Alois  |  

Yesterday, Apple (NASDAQ:AAPL), the largest Fintech in the world, announced a series of software enhancements that were heavy on artificial intelligence (AI). While much of the presentation during the keynote at WWDC, the company’s annual developers conference, focused on improvements to the OS and the… Read More

June 11, 2024 @ 1:05 pm By JD Alois  |  

S&P Global Market Intelligence has issued a report indicating that venture capital (VC) and private equity (PE) investments may be rebounding. The past couple of years have been challenging for the private securities markets, with many sectors, like Fintech, retrenching. According to S&P’s data, global… Read More

June 11, 2024 @ 12:36 pm By Tony Zerucha  |  

Remote, the human resources platform for distributed companies, has selected Nium, a provider of real-time cross-border payments, to enhance its international payroll capabilities. The partnership will be launched globally. As more businesses look at new markets to power growth, the ability to hire and scale… Read More

June 11, 2024 @ 12:34 pm By Tony Zerucha  |  

This past week, RegGenome, a University of Cambridge commercial spin-out, launched its enriched regulatory data repository powered by GenAI. The solution utilizes advanced AI technologies to power regulatory solutions and support sustainable business operations. The imbalance of regulatory turbulence and compliance capabilities is driving the need… Read More

June 11, 2024 @ 10:23 am By Omar Faridi  |  

iProov, a provider of science-based biometric identity solutions, announces that its Dynamic Liveness Solution, the science powering the iProov Biometric Solution Suite’s Remote Onboarding and Authentication solutions, is the first to achieve the new global certification on face biometric identity verification from the FIDO Alliance…. Read More

June 11, 2024 @ 10:20 am By Omar Faridi  |  

Viva.com, Europe’s acquirer powering payments across 24 countries and any device, and Beobank, a Belgian bank offering personalized products and services to 765 000 individuals clients, self-employed individuals, and SMEs in Belgium, announced a partnership aiming to advance local SMEs’ digital evolution and business growth…. Read More

June 11, 2024 @ 8:33 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has partnered with Sainsbury’s PLC which will see its payment methods available at the online checkouts of three iconic brands: Argos, Habitat and TU. Shoppers will be able to choose “from Klarna’s three interest free payments;… Read More

June 11, 2024 @ 8:27 am By Omar Faridi  |  

NatWest is announcing the launch of Cora+, an upgrade to its digital assistant, Cora, developed in collaboration with IBM. NatWest is to introduce the new version of Cora during London Tech Week and will “be one the first banks in the UK to deploy generative… Read More

June 11, 2024 @ 8:26 am By Omar Faridi  |  

Tandem Bank reveals that it has delivered a second year of profitability as increasing numbers of mainstream consumers choose the Bank to help reduce their carbon footprint while saving money. Tandem’s savings products are described as “a smart and secure home for savers’ money.” They… Read More

June 11, 2024 @ 6:45 am By Tony Zerucha  |  

AU10TIX, a provider of identity verification and management, this week released its Q1 2024 Global Identity Fraud Report. Drawing insights from millions of transactions processed around the globe from January to March 2024, the report uncovers significant trends in large-scale organized identity fraud. Most notably, the online gaming industry’s share… Read More