Global

May 28, 2024 @ 3:12 am By Omar Faridi  |  

Colin Cunningham, Head of Tokenization & Alliances at Chainlink Labs, recalls that it was 2008 and he was in the back half of my economics degree when the global financial crisis struck. Insulated from the world behind college walls, Colin Cunningham says he observed former classmates… Read More

May 28, 2024 @ 2:09 am By Omar Faridi  |  

Invoitix AG, a logistics invoicing and financing platform, has issued a digital bond on the Obligate platform. Deployed on the Polygon PoS blockchain and denominated in EUROe, this issuance aims to refinance invoitix’s logistics invoicing activities, “further solidifying its position in the pan-European road logistics… Read More

May 28, 2024 @ 1:22 am By Omar Faridi  |  

UK Finance recently released their latest fraud report. While sharing insights on this key update, the team at Lending Standards Board has provided their perspective on the findings. For background, the LSB is responsible for overseeing the CRM Code, which has reportedly been the “only… Read More

May 28, 2024 @ 1:02 am By Omar Faridi  |  

The severity of data breach risks rose to the highest level in two years during the first quarter of 2024, increasing 31% from the same period last year. TransUnion (NYSE: TRU) unveiled its analysis of data breach trends while also introducing the company’s new identity… Read More

May 28, 2024 @ 12:19 am By Omar Faridi  |  

Sectors more exposed to AI are experiencing almost five times (4.8x) higher growth in labor productivity, according to PwC’s 2024 Global AI Jobs Barometer, released recently. The report, which analyzed “over half a billion job ads from 15 countries, suggests that AI could allow many… Read More

May 27, 2024 @ 11:16 pm By Omar Faridi  |  

From e-wallets to neobanks, Türkiye’s (Turkey) financial institutions are accelerating fintech innovation, supporting greater connectivity to international markets, financial inclusivity at home and more economic prosperity for businesses. Thunes is a key payments player in Turkey’s ecosystem. Thunes says its extensive payments network in the… Read More

May 27, 2024 @ 11:03 pm By Omar Faridi  |  

Pension savers are strongly backing shareholder calls for Shell to further reduce its greenhouse gas emissions by 2030, according to an update from PensionBee. A survey of pension savers by PensionBee revealed “that almost 60% of respondents – equal to nearly 18.5 million pensions savers… Read More

May 27, 2024 @ 10:22 pm By Omar Faridi  |  

Tuum, the core banking provider, and DDCAP Group have partnered to offer a pre-integrated Fintech solution to enhance the end-to-end trade execution and processing of Sharia-compliant transactions. From the partnership, DDCAP and Tuum clients “will gain the ability to migrate legacy, automated trade execution and… Read More

May 27, 2024 @ 10:06 pm By Omar Faridi  |  

LexisNexis Risk Solutions released the results of its annual Cybercrime Report, an analysis of data from 92 billion transactions processed through its LexisNexis Digital Identity Network throughout 2023. The report, Confidence Amid Chaos, reveals “a 19% year-over-year (YOY) increase in the global human-initiated digital attack rate… Read More

May 27, 2024 @ 10:05 pm By Omar Faridi  |  

As companies around the globe grapple with an accelerated pace of change and seek ways to optimize their businesses, Experian is introducing (what it claims to be) a new era of simplification, scalability and automation through the debut of new enhancements to its cloud-based Experian… Read More

May 27, 2024 @ 10:02 pm By Omar Faridi  |  

Mass Fintech Hub, a public-private partnership dedicated to making the state a global leader in Fintech, announced the Mass Bankers Association, a multi-faceted banking trade group representing over 120 banks, as its newest member. With this addition, the collaborative has “welcomed nearly 55 member organizations… Read More

May 27, 2024 @ 9:59 pm By Omar Faridi  |  

Tata Consultancy Services (TCS) (NSE: TCS), a global enabler of IT services, consulting, and business solutions, has signed a deal to modernize the core banking technology of Burgan Bank, a commercial bank in Kuwait. The bank will deploy TCS BaNCSTM to “consolidate multiple standalone legacy… Read More

May 27, 2024 @ 9:58 pm By Omar Faridi  |  

As fraudsters seek new ways to exploit technology, Mastercard (NYSE: MA) is using generative AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing the ecosystem. Fraudsters steal millions of payment card numbers “through spyware, malware, and… Read More

May 27, 2024 @ 5:16 pm By Omar Faridi  |  

UK digital bank Starling might reach a valuation of nearly £10 billion within the coming years as it introduces its banking software internationally for competitive fees. This, according to one of its key investors. Investment trust Chrysalis, which is reportedly Starling’s second-largest investor, told the… Read More

May 26, 2024 @ 10:45 pm By Omar Faridi  |  

Wealth platform Lightyear is announcing the launch of its high interest Vaults. These will reportedly be paying UK savers 5.19% AER – which is said to be “the highest rate currently available out of all flexible interest-earning products with no strings attached in the UK.”… Read More

May 26, 2024 @ 8:47 pm By Michael Wong  |  

Colendi, a digital banking startup based in Turkey, has successfully raised $65 million in a Series B funding round, marking a significant milestone for the country’s fintech sector as it enters 2024 with strong momentum. This funding round has propelled Colendi’s valuation to an impressive… Read More

May 26, 2024 @ 7:18 pm By Omar Faridi  |  

Younger Australians in their mid-to-late-twenties have pulled back on spending more than any other age group, while those over 65 continue to spend above the rate of inflation, according to the latest CommBank iQ Cost of Living Insights Report. Those aged 25-29 have reduced “spending… Read More

May 26, 2024 @ 5:03 pm By Omar Faridi  |  

Embedded finance firm Weavr has revealed in new research that the overwhelming majority of business-to-business SaaS product managers plan to adopt and utilize embedded finance as part of their near-term roadmap. The new research, entitled ‘The next step for B2B SaaS’, captured the following key… Read More

May 26, 2024 @ 3:54 pm By Omar Faridi  |  

ClearBank recently explained how it is supporting WealthKernel to enhance the scalability of its service and underpin its clients’ ability to streamline the investment process. Founded in 2015, WealthKernel is a provider of investment infrastructure for companies looking to offer investment services, whether as stand-alone… Read More

May 26, 2024 @ 2:51 pm By Omar Faridi  |  

Every economic cycle has its “currency war,” according to an update from iBanFirst. In the 1920s, France, Germany, and Belgium “devalued their currencies to return to the gold standard, which had been abandoned during World War I.” In the 1930s, major global economies “resorted to… Read More