Global

April 13, 2024 @ 3:33 pm By Michael Wong  |  

Akad Seguros, a digital insurance firm based in São Paulo, has successfully completed a Series A funding round, raising $22.5 million, according to an announcement. The funding effort was spearheaded by Valor Capital Group and included significant contributions from Across, Endeavor Scale-Up Ventures, Endeavor Catalyst,… Read More

April 13, 2024 @ 2:30 pm By Michael Wong  |  

The UK’s Financial Conduct Authority (FCA) has called for the establishment of a new industry body to enhance the functioning of Britain’s “highly concentrated” consumer credit ratings market, which it says is currently not serving consumers well, Reuters has reported. The consumer credit ratings market,… Read More

April 13, 2024 @ 1:45 pm By Michael Wong  |  

Alfa-Bank has achieved a significant technological milestone by becoming the first bank in Russia to launch its mobile banking application, Alfa-Online, on the domestic Aurora operating system, now updated to its fifth version. This initiative marks a notable advancement in the integration of Russian-developed technology… Read More

April 12, 2024 @ 6:41 pm By Omar Faridi  |  

BitGo is pleased to announce support for ARB, the native ERC-20 governance token for Arbitrum. Clients can now custody ARB in Hot, Custodial, and Self-Managed Cold wallets. Arbitrum is a Layer 2 (L2) technology designed “to enhance scaling solutions by empowering users to explore and… Read More

April 12, 2024 @ 3:37 pm By Omar Faridi  |  

Coinbase Derivatives says its primary goal in launching new crypto futures contracts is to create markets that offer retail traders diversification, price discovery, risk management, and margin. Since launching their futures contracts for Bitcoin Cash (BCH) and Litecoin (LTC), they claim to have “seen deeper… Read More

April 12, 2024 @ 3:36 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI), the Canadian Fintech company, announces that its Singapore entity, Nuvei Singapore Pte Ltd, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore. This new license enables Nuvei to “operate three types of payments services in… Read More

April 12, 2024 @ 12:23 pm By Omar Faridi  |  

Circle, a global digital financial technology firm and the issuer of USDC, announced new smart contract functionality that would allow holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to transfer their shares to Circle for USDC. This smart contract reportedly provides BUIDL investors… Read More

April 12, 2024 @ 11:24 am By JD Alois  |  

The UK economy barely posted a positive figure in February, according to the Office for National Statistics.  Monthly GDP is said to have grown by 0.1% in February 2024, following growth of 0.3% in January 2024. The consecutive growth indicates that the UK has exited… Read More

April 12, 2024 @ 9:27 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance has invested in BounceBit, a Bitcoin restaking and CeDeFi protocol to expand the capabilities of Bitcoin beyond traditional storage of value. BounceBit transforms BTC from a passive asset into “a dynamic force within the ecosystem… Read More

April 12, 2024 @ 9:15 am By Omar Faridi  |  

Scotiabank announced an expanded partnership with Google Cloud, naming it the enterprise cloud platform of choice for the next phase of the Bank’s cloud acceleration journey. The bank will leverage Google Cloud technology “to enhance client and employee experience, strengthen Bank security, and adopt new… Read More

April 12, 2024 @ 9:03 am By Omar Faridi  |  

The subscription model involves paying in periodic intervals for goods or services based on a prearranged capacity, the team at Juniper Research notes in a report. The research report explains that the subscription economy is an umbrella term for the market surrounding subscriptions, “including subscription… Read More

April 12, 2024 @ 8:59 am By Omar Faridi  |  

Half of consumers say they have cut non-essential spend in the first quarter of the year and consumers are four times more likely to save than spend, according to new research from KPMG UK. KPMG UK’s Consumer Pulse survey tracks the quarterly confidence and spending… Read More

April 12, 2024 @ 8:50 am By Omar Faridi  |  

Digital bank bunq has reported a net profit of €53 million for 2023 as part of its annual report. bunq also revealed that it acquired additional funding of €29 million from its existing backers. This is reportedly part of Bunq’s efforts for expanding business operations… Read More

April 12, 2024 @ 8:46 am By Omar Faridi  |  

According to new data from Experian, mortgage applications in the first two months of 2024 showed positive signs that consumers are returning to the market, with numbers increasing 20% against the same period last year. The data shows that the market is still some way… Read More

April 12, 2024 @ 4:38 am By Omar Faridi  |  

Xero, the global small business platform, released a Xero Small Business Insights (XSBI) report which shows New Zealand small business labor productivity remains below pre-pandemic levels, putting additional pressure on small businesses. The report, Small business productivity: Trends, implications and strategies, is based on anonymized… Read More

April 12, 2024 @ 3:39 am By Omar Faridi  |  

Trustly, a global enabler of Open Banking Payments, and Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, are expanding their collaboration in instant payments with the addition of the FedNow Service. The development delivers the anticipated expansion of “an instant payment… Read More

April 11, 2024 @ 9:49 pm By Omar Faridi  |  

 NICE Actimize, a NICE business (Nasdaq: NICE), announced the availability of IFM 11 (Integrated Fraud Management), a new release of its AI-driven fraud management and detection platform. The new release leverages recent advancements in artificial intelligence “together with NICE Actimize’s unique collective intelligence capabilities to… Read More

April 11, 2024 @ 6:21 pm By Omar Faridi  |  

Kyriba has announced a partnership with Onyx, J.P. Morgan’s blockchain business unit, to improve cash management, payments and liquidity performance for CFOs and Treasurers. The collaboration is described as the first of its kind. Furthermore, a new partnership with Workday, Inc. “will fully embed bank… Read More

April 11, 2024 @ 3:49 pm By Omar Faridi  |  

Following the approval of multiple spot Bitcoin ETFs and resulting rising Bitcoin prices, Norman Wooding, CEO of SCRYPT, has shared his perspective on the increased institutional demand for Bitcoin. Norman Wooding from SCRYPT, a Swiss-licensed company offering a range of crypto asset services, has commented… Read More

April 11, 2024 @ 2:19 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, introduced the Airwallex Borderless Visa Card in Canada. The virtual card is issued by Peoples Trust Company, “part of Peoples Group, and enables Canadian businesses to easily make payments around the world, everywhere Visa is… Read More