Global

June 24, 2024 @ 8:37 am By Omar Faridi  |  

Germans are increasingly turning to prepaid cards and adjusting their spending habits to manage the ongoing cost of living crisis and to avoid debt, according to a new survey conducted by research firm Opinium, commissioned by online prepaid payment firm Recharge. The survey of 2,000… Read More

June 24, 2024 @ 7:43 am By Omar Faridi  |  

Revolut, a global Fintech company with over nine million UK customers and 40 million around the world, has announced it will relocate its global headquarters to the newly refurbished YY London building in the centre of Canary Wharf, committing to a ten-year lease. The move,… Read More

June 24, 2024 @ 7:40 am By Omar Faridi  |  

ARK Invest says it aims to deliver long-term capital appreciation by investing in the leaders, enablers, and beneficiaries of disruptive innovation. ARK has shared a detailed report that explores the potential impact of disruptive innovations, including AI and decentralized virtual currencies like Bitcoin and Ethereum…. Read More

June 24, 2024 @ 6:17 am By Omar Faridi  |  

Riskified (NYSE:RSKD), a firm focused on addressing e-commerce fraud and risk intelligence, released the findings from a new pulse survey of 1000 US consumers, providing insights into their attitudes towards the growing problem of “policy abuse,” “whereby consumers knowingly exploit or manipulate a merchant’s terms… Read More

June 24, 2024 @ 1:33 am By Omar Faridi  |  

Danske Bank says it makes it easier to make sustainable investments directly via the Mobile Bank. A new feature from Danske Bank‘s mobile bank reportedly makes customers “more aware of how many sustainable investments they have in their portfolio – and what they can do… Read More

June 23, 2024 @ 11:57 pm By Omar Faridi  |  

Estateguru, which is currently facing significant operational challenges, has shared their latest loan portfolio overview for May 2024. In May, although Estateguru says it experienced “a temporary dip in repayments, recoveries, and funded amounts, there were several positive developments.” Estateguru reveals that they “secured a… Read More

June 23, 2024 @ 11:56 pm By Omar Faridi  |  

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Semi-Annual Report: UK Tech H1 2024. The report, based on Tracxn’s database, provides insights into the UK Tech space. The UK is said to be “the second-highest funded tech startup ecosystem in H1 2024,… Read More

June 23, 2024 @ 11:37 pm By Omar Faridi  |  

Adyen (ADYEN:AMS), the financial technology platform for businesses, and SumUp, the global financial technology firm for small merchants, have joined forces in a partnership to offer a best-in-class payment experience and accelerated settlements for millions of small businesses worldwide. With this partnership, SumUp builds on its… Read More

June 23, 2024 @ 10:19 pm By Omar Faridi  |  

AMINA Bank, a licensed and FINMA-regulated digital assets bank, has announced the launch of the AMINA Payment Network (APN). Designed to address the needs of the crypto banking world, APN helps “to facilitate real-time payments to other APN members.” This new service aims to keep… Read More

June 23, 2024 @ 8:26 pm By JD Alois  |  

UK-based Seedrs has distributed on X touting the success of the Female Invest securities offering. Seedrs tallies the following metrics for the offering: The fastest to reach $1m in funding, in just under 4 minutes 1597 female investors Fastest securities offering to 1000 investors in… Read More

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

Citi Global Perspectives and Solutions has released a report AI & Finance: Bot, Bank & Beyond. The report analyzes the role that artificial intelligence (AI) might play in “changing the way both consumers and corporates bank.” From the likely use of autonomous agents executing client… Read More

June 23, 2024 @ 7:52 pm By Omar Faridi  |  

Trustwise, an enabler of generative AI application performance and risk management, announced its official launch, the release of its Optimize:ai product, and $4 million in seed financing. Led by Hitachi Ventures with participation from Firestreak Ventures and Grit Ventures, this investment round will “enable the… Read More

June 23, 2024 @ 7:34 pm By Omar Faridi  |  

Refine Intelligence launched its Digital Customer Outreach for Check Fraud Prevention solution for banks, addressing a growing wave of check fraud fueled by mail theft and advanced counterfeiting techniques. Responding to the massive caseload that is overwhelming fraud analysts, the Refine solution – which works… Read More

June 23, 2024 @ 4:54 pm By Omar Faridi  |  

PitchBook has provided their 2024 US Venture Capital Outlook as part of a comprehensive  Midyear Update. Expectations for the turnaround in the VC market entering 2024 were not especially high, the research-focused firm noted in a recent update. PitchBook pointed out that the headwinds that… Read More

June 23, 2024 @ 11:48 am By Omar Faridi  |  

Amid increasing positive sentiment about the business climate1, Airwallex has launched its ‘Airwallex for Startups’ program in Singapore to further empower the city-state’s community of over 55,000 startups. The program aims to empower startups “to grow and scale their businesses, offering them tips and tools… Read More

June 22, 2024 @ 9:26 pm By Omar Faridi  |  

Chainalysis has shared several key insights from the 2024 State of Cryptocurrency Investigations Report. In 2024, cryptocurrency adoption continues to grow, the Chainalysis team noted while adding that it “enables millions of people around the world to transact without middlemen and take greater control of… Read More

June 22, 2024 @ 6:37 pm By Omar Faridi  |  

Mymanu, an AI-powered, “patent-pending” translation-embedded Clik Pro earbuds provider seeks to enhance cross-cultural communication and have raised £270,489 from 53 investors (at the time of writing) via its crowdfunding campaign carried out via Crowdcube. As explained by its developers, with Mymanu there are “no smartphone… Read More

June 22, 2024 @ 6:23 pm By Omar Faridi  |  

Discretionary spending hit as household cost pressures continue to mount according to the latest findings from KPMG UK‘s Consumer Pulse survey. As noted in the update, four in ten consumers say they’ve “cut back on non-essential spending, reducing their monthly discretionary budget by £77 on… Read More

June 22, 2024 @ 5:35 pm By Omar Faridi  |  

DriveWealth, a financial technology platform providing Brokerage-as-a-Service,  announced the promotions of three members of the company’s senior leadership team, effective immediately. Jason Pizzorusso will serve as President; Marcus Anthony has been named Chief Financial Officer; and Emily Ellis has been promoted to Chief People Officer…. Read More

June 22, 2024 @ 2:17 pm By Tony Zerucha  |  

dLocal, a cross-border payment platform specializing in high-growth markets, this week announced its partnership with Eneba, a marketplace with more than 10 million registered users and 80,000 products for gamers. The partnership between dLocal and Eneba aims to create a vector of accessible gaming for… Read More