Global

May 19, 2024 @ 11:50 am By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), which claims to be one of the world’s largest digital banking platforms, released its First Quarter financial results. Financial results are presented in accordance with International Financial Reporting Standards (IFRS). David Vélez, founder and CEO of Nubank said: “In May… Read More

May 19, 2024 @ 10:27 am By Omar Faridi  |  

Riskified Ltd. (NYSE: RSKD), a firm focused on addressing e-commerce fraud and risk intelligence, announced financial results for the three months ended March 31, 2024. Eido Gal, Co-Founder and Chief Executive Officer of Riskified said: “Our commitment toward profitable growth has yielded exceptional results, as… Read More

May 19, 2024 @ 10:11 am By Omar Faridi  |  

FloQast announced a consulting relationship with PwC Australia, a global consulting firm. The alliance combines FloQast’s advanced Finance and Accounting Operations Platform with PwC Australia’s deep industry expertise “to transform key accounting and finance operations, including the financial Close, compliance management, and internal controls.” Today’s… Read More

May 19, 2024 @ 9:56 am By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Banque Internationale à Luxembourg (BIL), one of the largest universal banks in Luxembourg, has gone live with Temenos core banking and payments to increase agility and efficiency of its retail, corporate and private banking operations. The move gives BIL the… Read More

May 19, 2024 @ 9:56 am By Omar Faridi  |  

Atlantic Money, which claims to be the world’s first money transfer service with a fixed fee and real rates, announced the launch of its web platform. The new robust desktop experience caters “to Atlantic Money’s over 10,000 customers who transfer significantly higher volumes than typical… Read More

May 19, 2024 @ 9:32 am By Omar Faridi  |  

Mark Branson, President of the German Federal Financial Supervisory Authority (BaFin), warns against trying to pay for the green and digital transformation of the European economy by weakening capital requirements. Branson said at the BaFin’s conference in Frankfurt am Main on 14 May: “Otherwise we… Read More

May 19, 2024 @ 7:22 am By Omar Faridi  |  

France Mayer has reportedly been appointed Retail Investor Relations and Protection Director at the Autorité des Marchés Financiers (AMF). France Mayer is currently Market Intermediaries Supervision Director “at the Data and Markets Directorate of the Autorité des Marchés Financiers (AMF).” She will take over as… Read More

May 18, 2024 @ 3:33 pm By Omar Faridi  |  

CUBE, a global enabler of Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses. The acquisition of these global businesses “represents a major step forward in CUBE’s growth plans. It will… Read More

May 18, 2024 @ 2:26 pm By Omar Faridi  |  

Michael Linford, Chief Financial Officer of Affirm (NASDAQ: AFRM) notes that new innovations often face harsh pushback from incumbents. Michael Linford from Affirm explains that when it’s “well-informed and anchored in what’s right for the consumer, this is generally a good thing.” Linford adds that… Read More

May 18, 2024 @ 1:24 pm By Omar Faridi  |  

Foodics, the provider of restaurant management and financial tech solutions in the MENA region, has officially inaugurated its new office in New Cairo in Egypt. This strategic expansion marks “a significant milestone in the company’s ongoing growth within the Egyptian market and emphasizes its dedication… Read More

May 18, 2024 @ 12:17 pm By Omar Faridi  |  

Dwolla, a U.S.-based account-to-account (A2A) payment solution provider, today announced its strategic collaboration with Visa (NYSE: V), an enabler of digital payments, in order to bring advanced account verification capabilities to Dwolla’s A2A solution. This relationship enhances Dwolla’s ability to provide “a single, streamlined solution for… Read More

May 18, 2024 @ 11:35 am By Omar Faridi  |  

With less than 8 months until 9th January 2025 deadline, Banking Circle delivers plug and play solution to help smaller financial institutions On 7th February 2024 the European Parliament mandated “that instant payments (in less than 10 seconds) should be the de facto standard for… Read More

May 18, 2024 @ 10:23 am By Omar Faridi  |  

Bank payment company GoCardless has appointed Jolawn Victor as its Chief Growth Officer. Victor is said to have previously “held C-suite and executive roles at PepsiCo, Headspace and most recently, Intuit, where she was Vice President and Country Manager of Intuit UK with ownership of… Read More

May 18, 2024 @ 9:58 am By Omar Faridi  |  

SALT is pleased to announce that it has received regulatory approval from the UK’s Financial Conduct Authority (FCA) in order to offer consumer lending services. This is a key milestone in the company’s journey towards improving boat ownership through its new app. The success they… Read More

May 18, 2024 @ 9:57 am By Omar Faridi  |  

In Q1 2024, crypto fundraising increased significantly as startups secured $2.4 billion across 518 deals, according to an update from PitchBook. PitcbBook further revealed that this “represents a 40.3% increase in invested capital and a 44.7% jump in deal volume compared with the previous quarter.”… Read More

May 18, 2024 @ 9:52 am By Omar Faridi  |  

The fastest blockchain has reportedly processed 91M transactions in a day, according to an update shared by CoinGecko. CoinkGecko recently shared a detailed report that examines which network support the fastest blockchain in the fast-evolving Web3 space. According to the report from CoinGecko, Solana has… Read More

May 18, 2024 @ 9:51 am By Omar Faridi  |  

Klarna explains that it supports the “principle” of sharing data with credit bureaus, and they do share data with bureaus in the UK. They are not sharing data in the US because they claim that the bureaus “do not have proper models to responsibly process… Read More

May 17, 2024 @ 7:17 pm By Omar Faridi  |  

ANZ has announced ANZ Plus Add-Ons, enabling customers to customise their banking experience with a mix of smart money management tools from the bank, and integrated experiences from third-party partners. ANZ Plus Add-Ons include “the new Money Map and Money In & Out. Money Map… Read More

May 17, 2024 @ 1:43 pm By Omar Faridi  |  

Countries need to urgently step up their efforts to target the huge illicit profits generated by transnational organized crime that facilitate conflicts, fund terrorism, and negatively impact vulnerable populations, according to an update shared by FATF. This was the unprecedented call to action from the… Read More

May 17, 2024 @ 12:25 pm By JD Alois  |  

WatchHouse, a specialty coffee shop that aims to top entrenched players, has raised over £7.189 million on Crowdcube. This is the second funding round on the crowdfunding platform. WatchHouse previously raised over £2.8 million in 2022; thus, the total in online funding now surpasses £10… Read More