Global

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

June 3, 2024 @ 8:58 am By Omar Faridi  |  

Alchemy Pay, the crypto payment solutions provider, now enables users to purchase physical-digital blended fashion collections on the Another-1 platform, a Web3 phygital fashion platform built on Polygon, using its NFT Checkout solution. With this integration, users who seek to mint and “acquire phygital assets… Read More

June 3, 2024 @ 8:57 am By Omar Faridi  |  

N26, Europe’s digital bank, says that it welcomes the latest decision from the Federal Financial Supervisory Authority (BaFin) in Germany, which will see the complete lift of the growth restriction for N26 from June 1, 2024. To date, the company has been able “to take… Read More

June 3, 2024 @ 8:52 am By Omar Faridi  |  

The European Central Bank (ECB) has released the latest results / findings from the consumer expectations survey results, covering the April 2024 period. When compared with March 2024, the ECB update reveals: median consumer inflation perceptions over the previous 12 months were unchanged, while median… Read More

June 3, 2024 @ 6:45 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, reported its Q1 2024 financial results, revealing another profitable quarter and continued growth outpacing ecommerce. Sebastian Siemiatkowski, CEO of Klarna, said: “Klarna continues its acceleration with 29% revenue growth year on year, coupled with the power… Read More

June 3, 2024 @ 6:42 am By Omar Faridi  |  

Talos, the provider of institutional trading technology for digital assets, announced the acquisition of Skolem, a technology provider that enables institutional investors to access decentralized finance (DeFi) markets safely and effectively. The acquisition of Skolem will enhance Talos’s existing platforms “by enabling clients to incorporate… Read More

June 3, 2024 @ 12:46 am By Omar Faridi  |  

Cybercrime remains a real threat in Germany: more than one in three companies (35 per cent) in this country has been the victim of a cyber attack in the past two years. The attacks have placed a greater financial burden “on a large number of… Read More

June 2, 2024 @ 8:00 pm By Omar Faridi  |  

Westpac claims that it has helped customers earn $21 million in interest through savings prompts. To provide greater transparency around savings interest rates, Westpac says that it “has introduced mobile phone push notifications which alert customers about how they can earn bonus interest on their… Read More

June 2, 2024 @ 4:03 pm By Omar Faridi  |  

With new vehicle inventory rebounding and some manufacturers continuing to offer incentives, consumers are shifting back into the new vehicle market—resulting in a notable impact on lender market share. According to Experian’s State of the Automotive Finance Market Report: Q1 2024, captives’ market share “for… Read More

June 2, 2024 @ 3:54 pm By Omar Faridi  |  

World ID orb verifications are now available in the Colombian cities of Bogotá and Medellín. A central component of Worldcoin, World ID is “a digital humanness passport that enables individuals to securely prove they are a unique human for a growing number of applications.” You must… Read More