Global

February 25, 2024 @ 5:50 pm By Omar Faridi  |  

Silent Eight, a Regtech firm specialising in partnering with major financial institutions to drive efficiency, increased accuracy and adaptability within their financial crime programs, announced the expansion of its relationship with HSBC to “implement Automated Alert Closure for Transactions automates investigation and resolution of alerts… Read More

February 25, 2024 @ 3:07 am By Omar Faridi  |  

spektr is officially exiting stealth mode and ready to turn ongoing due diligence into a revenue-generating asset for compliance. spektr says that their journey is being “supported by a €5 million seed round led by Northzone, Seedcamp, and PreSeed Ventures, enabling them to introduce advanced… Read More

February 24, 2024 @ 2:32 pm By Omar Faridi  |  

Varun Surapaneni from Neuberger Berman notes that the percentage of past-due loans “to riskier consumers has begun to flatten, while newly issued paper is carrying higher interest rates.” In an update titled, A Turning Point in Sub-Prime Credit, Varun writes that “after a challenging period… Read More

February 24, 2024 @ 2:24 pm By Omar Faridi  |  

Gofingo Group recently repaid PeerBerry investors EUR 200 000 in war-affected loans. These repayments are being processed on the PeerBerry platform “every month in the middle of the month.” Aventus Group’s war-affected long-term loans are repaid monthly “under the initial loan schedules.” In 24 months… Read More

February 24, 2024 @ 2:17 pm By Omar Faridi  |  

Despite the ongoing seasonal dip in Q4 2023, insurance shopping is likely to remain strong in 2024 according to a recent TransUnion report which suggests insurers “approach marketing similar to pricing in order to target desired prospects.” Personal and auto insurance shopping is “likely to… Read More

February 24, 2024 @ 2:13 pm By Omar Faridi  |  

Data from Ant Group reportedly shows a robust rebound of consumer spending during the first back-to-normal Chinese New Year (CNY) travel season after the Covid-19 pandemic, especially in cross-border tourism. Through the Alipay+ cross-border mobile payment technology solutions, Chinese travelers may pay “for goods, food… Read More

February 24, 2024 @ 10:36 am By Omar Faridi  |  

23 out of the 50 biggest airdrops (46%) recorded peak token prices during the first 2 weeks of their airdrop date, the team at CoinGecko noted in a new report. According to CoinGecko this suggests that the best time to sell airdrop tokens “may be… Read More

February 23, 2024 @ 2:49 pm By JD Alois  |  

WiseAlpha, an online investment platform providing access to corporate bonds based in the UK, is raising money on Crowdcube. Offered to both EU and UK investors, WiseAlpha has already topped its initial funding hurdle of £500,000. As of today, £1.05 million has been raised from… Read More

February 23, 2024 @ 2:04 pm By Omar Faridi  |  

Amerant Investments, a wholly owned subsidiary of Amerant Bank – the largest community bank in Florida – announced that it has entered into a strategic relationship with iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry. This collaboration… Read More

February 23, 2024 @ 9:47 am By JD Alois  |  

The European Central Bank (ECB) has published a critical report on Bitcoin. The report follows the approval of Bitcoin ETFs in January by the US Securities and Exchange Commission. In a blog post by Ulrich Bindeil, DG of Market Infrastructure & Payments at the ECB,… Read More

February 23, 2024 @ 9:16 am By Omar Faridi  |  

SIX is driving forward the increased inclusion of SMEs in financial markets. With their partnership, SIX and Greenomy are recognizing the pivotal role that SMEs can play in the transition to a sustainable and low-carbon economy. SIX’ new SME Sustainability Assessment Solution draws “on Greenomy’s… Read More

February 23, 2024 @ 8:56 am By Omar Faridi  |  

In the Spring of 2023, the Swiss National Bank conducted its second payment methods survey of companies in Switzerland. Around 1,750 companies, across all sizes, language regions and industries, participated in this survey on payment method topics. In-depth knowledge of these topics helps the SNB… Read More

February 23, 2024 @ 8:48 am By Omar Faridi  |  

In 2023, PeerBerry investors funded €809.57 million of loans – 50% more than in 2022. Last year, PeerBerry investors were reportedly “paid €10.43 million in interest, which is 46% higher than the previous year.” 14,143 new investors joined the platform in 2023 – “on average,… Read More

February 22, 2024 @ 10:58 pm By Omar Faridi  |  

After months of work across their business, the team at BVNK is pleased to share that our EMI license in Europe is live and operational. Over the past year, BVNK have successfully acquired and “operationalized System Pay Services (Malta) Limited, our EU EMI entity in… Read More

February 22, 2024 @ 7:11 pm By Omar Faridi  |  

Western Union (NYSE: WU)  and Mercado Pago have announced growth in their existing relationship, giving United States and Canadian customers the ability to send money from Western Union’s mobile app, its website, or from one of its retail locations to Mercado Pago wallet accounts in… Read More

February 22, 2024 @ 6:55 pm By Omar Faridi  |  

NAB welcomed the announcement by the Government to begin consultation on a draft Digital ID bill, an important milestone in advancing the Australian Digital Identity ecosystem. NAB Executive Digital Governance Brad Carr said “the move will help to protect customers and provide greater convenience.” Mr… Read More

February 22, 2024 @ 3:13 pm By JD Alois  |  

The European Union has doled out the new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) to Frankfurt, Germany. According to the EU, nine member states were in the running for the new bureaucracy. The competing cities included; Belgium (Brussels), Germany (Frankfurt),… Read More

February 22, 2024 @ 3:02 pm By Omar Faridi  |  

As high-profile biometric breaches and violations make headlines, consumer comfort levels in sharing biometrics have declined significantly. According to GetApp’s 2024 Biometric Technologies Survey of 1,000 consumers, the number of individuals who highly trust tech companies to safeguard biometric data has absolutely “plummeted, falling from… Read More

February 22, 2024 @ 12:59 pm By Omar Faridi  |  

Billhop AB, a card-enablement platform, is collaborating with Eurocard, a card issuer in the Nordics. The partnership will is expected to allow corporate clients within the Nordic region to pay any bill or invoice with Eurocard’s virtual cards. This payment approach enables businesses “to take… Read More

February 22, 2024 @ 9:29 am By Omar Faridi  |  

Lenders are increasingly frustrated with OCR (optical character recognition) solutions that are designed to read data off paystubs, but they’re only pulling text from the documents. They also aren’t an end-to-end solution helping lenders comply with ECOA and Fair Lending. Many OCR tools also focus… Read More