Global

May 20, 2024 @ 7:41 am By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, sanctions screening, and fraud prevention, today released a new report titled, “The State of Digital Identity in 2024”, in partnership with The Center for Digital Government. According to the Government Accountability Office, the federal government… Read More

May 20, 2024 @ 7:39 am By Omar Faridi  |  

While sharing insights at the European Anti-Financial Crime Summit, Deputy Governor of the Central Bank of Ireland Derville Rowland said: “The commitment of European leaders to introduce a single rulebook for Anti-Money Laundering (AML) and the creation of a new European AML supervisory and financial… Read More

May 20, 2024 @ 7:33 am By Omar Faridi  |  

The highly-anticipated fourth Bitcoin halving occurred a little after 8:09 p.m. ET on Friday April 19, 2024. Initially, Bitcoin traded flat in “the immediate aftermath of the halving, holding steady around $63,000, but finished the month at $60,636, a drop of 15% on the closing… Read More

May 20, 2024 @ 7:31 am By Omar Faridi  |  

Financial stability in the euro area has benefited from an improving economic outlook, with inflation steadily declining and investor confidence recovering, according to the May 2024 Financial Stability Review, which was released by the European Central Bank. The outlook remains fragile, however, as the “scope… Read More

May 19, 2024 @ 10:43 pm By Omar Faridi  |  

Tietoevry Banking is pleased to announce the renewal of its strategic partnership with Geldmaat. Following years of successful collaboration, Geldmaat has “reaffirmed their commitment to Tietoevry Banking and extended the partnership for an additional five years for use of ATM SaaS solutions.” Tietoevry Banking has… Read More

May 19, 2024 @ 9:48 pm By Omar Faridi  |  

Money Carer, a UK-based national social enterprise focused on providing secure money management services for vulnerable people, has partnered with global card manufacturer Tag Systems and biometrics company Fingerprint Cards AB. The companies have created and “launched a biometric-enabled ‘carer card’, addressing barriers that have traditionally… Read More

May 19, 2024 @ 5:58 pm By Omar Faridi  |  

SKUx, an enabler of digital instant payments innovation, announced it has signed an agreement with Visa (NYSE: V), a digital payments provider. The agreement will accelerate digital transformation for select merchants and consumer packaged goods companies “that leverage SKUx’s payment-based offer solutions – supporting a… Read More

May 19, 2024 @ 1:42 pm By Omar Faridi  |  

Ripple releases the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of crypto markets, relevant XRP Ledger and XRP-related announcements, and market developments over the previous quarter. As an XRP holder, Ripple believes in “proactive… Read More

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