Global

June 4, 2024 @ 10:50 pm By Omar Faridi  |  

Entrepreneurs looking to grow and scale their businesses are being urged to apply to join one of the UK’s leading accelerators, as NatWest prepares to welcome a record number of new businesses on its accelerator program in September. Up to 2500 places will be “available… Read More

June 4, 2024 @ 9:49 pm By Omar Faridi  |  

Research from Commonwealth Bank of Australia (CBA), conducted in partnership with YouGov, reveals 59 per cent of SMEs have invested or plan “to invest in AI in the next five years (25 per cent and 34 per cent respectively), with younger business leaders owners more… Read More

June 4, 2024 @ 9:45 pm By JD Alois  |  

Open-ended real estate mutual funds in Germany have experiend net outflows of funds for the ninth time in a row in April, according to Barkow Consulting. The outflow amounted to €481 million, the highest figure in over six years (August 2017). Total outflows now amount… Read More

June 4, 2024 @ 4:00 pm By Omar Faridi  |  

Pantheon, a specialist global private markets investor, and iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, have announced a partnership “to distribute Pantheon open-ended products in the wealth management channel.” With a track record for innovation and… Read More

June 4, 2024 @ 1:32 pm By Omar Faridi  |  

Zafin, the provider of SaaS core modernization and transformation solutions for banks,  announced the appointment of Michael Nitsopoulos as Chief Product Officer. Michael reportedly brings “over 23 years of experience driving product innovation and solutions across multinational organizations, including financial services, telecommunications, retail, public sector,… Read More

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

Modulr, the embedded payments platform, announced the launch of its innovative travel payments solution, specifically designed to address the unique needs of online travel agents (OTAs) and travel industry intermediaries. The new offering reportedly “enhances operational efficiency, streamlines reconciliation and cash flow processes, and unlocks… Read More

June 4, 2024 @ 10:45 am By Omar Faridi  |  

As a strong proponent of public-private sector collaboration in building a safer, more resilient and more efficient financial system, Circle are pleased to announce that they have submitted an application to participate in Project Agorá,”an initiative led by the Bank for International Settlements (BIS) and… Read More

June 4, 2024 @ 10:19 am By JD Alois  |  

Watford FC, a Premier League football (soccer) team, is selling shares to investors on Republic and Seedrs. Republic is the largest investment crowdfunding platform in the world. Its acquisition of UK-based Seedrs cemented its top position. The relationship between the two platforms has fostered a… Read More

June 4, 2024 @ 9:51 am By JD Alois  |  

Bitpanda, a European Fintech company that specializes in crypto, has announced a partnership with Deutsche Bank regarding payments. Bitpanda states that Deutsche Bank will provide real-time payment services for its users. Deutsche Bank will also provide local IBAN numbers for deposits for German Bitpanda users. This… Read More

June 4, 2024 @ 9:37 am By Omar Faridi  |  

The Celo Foundation is pleased to share that Chainlink CCIP is now live on the Celo network, an emerging Ethereum Layer-2 and mobile-first blockchain built for the real world and designed for fast, low-cost payments worldwide. Chainlink’s interoperability solution provides “the Celo ecosystem with unparalleled… Read More

June 4, 2024 @ 9:34 am By Omar Faridi  |  

MicroBank, the social bank of CaixaBank, has financed a total of 1,019 education, training, and skills projects for students through its Skills & Education program in Spain throughout 2023. This figure represents an “increase of 49.6% compared to the previous year. In terms of financing… Read More

June 4, 2024 @ 9:32 am By Omar Faridi  |  

Issuer processing Fintech Enfuce announces a partnership with French worktech unicorn, Swile to launch an employee benefits card in France that is set to transform the entire employee benefits space. The new all-in-one card integrates different employee benefits, “from lunch and gift vouchers to travel… Read More

June 4, 2024 @ 7:15 am By Omar Faridi  |  

Societe Generale says that it paves the way for responsible global transaction banking (GTB), supporting its clients in their move toward a more sustainable and inclusive economy. In the face of changing market expectations and the absence of established market standards for sustainable GTB solutions,… Read More

June 4, 2024 @ 7:14 am By Omar Faridi  |  

Playing the lottery can be fun – there’s a slim chance you might win a life-changing sum of money, the PensionBee team notes in a blog post. However, new modelling from PensionBee, reveals if the approximately 50% of UK adults who regularly “enter the National… Read More

June 4, 2024 @ 7:12 am By Omar Faridi  |  

UK’s digital bank Monzo has released its 2024 financial results. Monzo announced its first full-year pre-tax profit. The Fintech firm also revealed that it’s currently in the early phases of expanding into the wider European markets through a new division in Ireland. The update from… Read More

June 4, 2024 @ 12:08 am By Omar Faridi  |  

PeerBerry’s portfolio grew to €113.12 million last month (from €110.59 million at the end of April) further ensuring our investors a higher invested amount. As expected, the loan supply on the platform “was higher in May than in April.” PeerBerry investors have reportedly “funded €49.13… Read More

June 3, 2024 @ 4:09 pm By Omar Faridi  |  

The EY Future Consumer Index (FCI), a global study surveying 23,000 consumers across 30 countries, including 1,500 in the US, indicated that US consumers are optimistic “about the future, with 77% of consumers noting that they think their lives are the same or better now… Read More

June 3, 2024 @ 3:12 pm By Omar Faridi  |  

Lower inflation and expectations of interest-rate cuts on global financial markets have helped loosen financial conditions, which has reduced near-term risks, according to an update from Sweden’s Riksbank. However, Riksbank points out that there “is considerable uncertainty, and if policy rates remain high for a… Read More

June 3, 2024 @ 11:45 am By Omar Faridi  |  

The term ‘Unicorn’ was first introduced in 2013, as a way to signify the statistical rarity of high-performing startups. Unicorn status today is much more than a financial milestone of around $1 billion; for startups, it’s a recognition of their organization’s disruptive capabilities, unique solutions,… Read More

June 3, 2024 @ 9:04 am By Omar Faridi  |  

The Bank of London has announced a strategic partnership with payments specialists, allpay Limited, to simplify and expedite payments for everyone, whether they have a bank account or not, through easily manageable prepaid cards. As part of the multi-year strategic partnership, the two companies “will… Read More