Global

June 2, 2024 @ 2:53 pm By Omar Faridi  |  

The nation’s banking and credit card providers have done a great job establishing best practices for a seamless, efficient digital user experience on their mobile apps and websites, according to an extensive research study. However, with limited differentiation between brands, it’s become “challenging to distinguish… Read More

June 2, 2024 @ 2:17 pm By Omar Faridi  |  

Plaid is pleased to announce its collaboration with Western Union (NYSE: WU), a global leader in cross-border and cross-currency payments. The collaboration provides Western Union’s customers with open banking payments, giving them additional flexibility in “how to send money to their families and loved ones.”… Read More

June 2, 2024 @ 1:49 pm By Omar Faridi  |  

In an increasingly globalized economic and financial landscape, companies are adopting innovative measures to improve their operations: increasing their speed and reducing costs. This, according to a comprehensive report from Bitso. In this context, Bitso explains that the use of the crypto ecosystem and blockchain… Read More

June 1, 2024 @ 8:17 pm By Omar Faridi  |  

UK Finance has recently released its financial services manifesto, outlining key priorities the next government should focus on. David Postings, Chief Executive of UK Finance, said: “The UK’s financial services sector is a global success story and one any future government should seek to partner… Read More

June 1, 2024 @ 3:15 pm By Omar Faridi  |  

In a new paper in Science Advances on May 29, researchers at JPMorgan Chase (NYSE: JPM),  the U.S. Department of Energy’s (DOE) Argonne National Laboratory and Quantinuum have demonstrated clear evidence of “a quantum algorithmic speedup for the quantum approximate optimization algorithm (QAOA).” This algorithm… Read More

June 1, 2024 @ 12:45 pm By Michael Wong  |  

Chilean Paytech startup Koywe has announced the acquisition of Facto, a move that will expand its presence in the US. The acquisition also comes 15 months after Koywe raised $2.5 million in a Seed funding round in January 2023. The terms of the acquisition were… Read More

June 1, 2024 @ 12:22 pm By Omar Faridi  |  

Saxo, which claims to be among the leaders in online trading and investment, recently announces the appointment of Andrew Bresler as CEO of Saxo UK, effective June 3. He takes over from interim CEO Simon Camilleri. Andrew reportedly brings a wealth of experience “within the… Read More

June 1, 2024 @ 11:44 am By Omar Faridi  |  

Mangopay, a modular and flexible payment infrastructure provider for platforms, today announces the launch of its new Fraud Prevention solution. Mangopay’s Fraud Prevention solution provides “a fully integrated and payment processor-agnostic AI-driven cybersecurity solution to guard against an evolving range of threats, including account takeover… Read More

June 1, 2024 @ 11:33 am By Omar Faridi  |  

Guavapay, a global fintech company has announced its partnership with Visa (NYSE: V), a digital payments provider, to launch an impactful Out Of Home (OOH) campaign across London. This collaboration aims to enhance “awareness of MyGuava multicurrency Visa Card for users of MyGuava App and MyGuava… Read More

June 1, 2024 @ 10:51 am By Omar Faridi  |  

Sumsub recently shared Q1 data for deepfake fraud worldwide, showcasing alarming YoY trends in AI-powered scams. With half the world’s population heading to the polls this year, Sumsub, a global full-cycle verification provider, detected “upwards of a 245% YoY increase in deepfakes worldwide.” The findings… Read More

June 1, 2024 @ 10:34 am By Michael Wong  |  

The International Finance Corporation (IFC), part of the World Bank Group, has launched a new initiative to facilitate financial support for small businesses in emerging markets, particularly those owned by women and those in the agriculture and climate sectors. The MSME Finance Platform will channel… Read More

May 31, 2024 @ 4:46 pm By Omar Faridi  |  

Oscilar, a provider of AI-driven risk management solutions, and Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, announced a partnership that will aim to set “a new standard in digital identity verification, fraud prevention and risk management for… Read More

May 31, 2024 @ 4:30 pm By Suki Gao  |  

To the surprise of nobody, female-led SMEs often face significant hurdles in the hyper-competitive global marketplace, primarily due to systemic biases and gender disparities entrenched within financial systems. Studies have consistently shown that women entrepreneurs encounter more challenges in securing financing compared to their male… Read More

May 31, 2024 @ 10:22 am By Omar Faridi  |  

Marie Seiller has reportedly been appointed Resources, Operations and Transformation Director at the Autorité des Marchés Financiers (AMF). Currently Chief accountant at the Autorité des Marchés Financiers (AMF), Marie Seiller will head “the Resources, Operations and Transformation Directorate (DRST) from 27 May 2024.” In this… Read More

May 31, 2024 @ 9:35 am By Omar Faridi  |  

OKX and Jambo, a Web3 mobile infrastructure builder, have recently announced a partnership aimed at enhancing the accessibility of the digital economy in emerging markets by combining advanced Web3 and mobile technologies. This partnership reportedly follows “a strategic investment in Jambo made by OKX’s investment… Read More

May 31, 2024 @ 9:27 am By Omar Faridi  |  

The UK reportedly witnessed the announcement of 389 venture capital (VC) funding deals worth $3.6 billion from January to April 2024. This is a year-on-year (YoY) decline “of 21.4% in terms of deal volume and 32.8% in terms of value,” according to GlobalData, a data… Read More

May 31, 2024 @ 9:23 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, and real estate funding specialist, ASK Partners have provided a £19.5m co-loan to independent hotel management business, Capilon Hotels Group. Capilon specializes in property investment, development and management of various sectors and asset classes, with “a particular… Read More

May 31, 2024 @ 9:21 am By Omar Faridi  |  

The latest Lloyds Bank Business Barometer has found that overall business confidence reached its highest level for over eight years. Confidence increased by 8 points – up to 50% – “a level last exceeded in November 2015.” Survey data suggests the monthly increase “is largely… Read More

May 31, 2024 @ 9:18 am By Omar Faridi  |  

Breaking new ground in Europe, the Mastercard (NYSE: MA) hub will contribute to further “securing the commerce and payment ecosystem in the region.” Mastercard recently confirmed the opening of its European Cyber Resilience Centre (ECRC) at its European Headquarters reaffirming “the company’s commitment to combatting… Read More

May 30, 2024 @ 5:44 pm By Omar Faridi  |  

International insurtech bolttech has announced its partnership with HAVA.id, a B2B procurement company in Indonesia. HAVA.id will offer comprehensive device protection solutions “to its business customers as part of its procurement consultancy services to ensure their valuable inventory of technology devices is safeguarded.” As part… Read More