Global

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

April 11, 2024 @ 1:51 pm By Omar Faridi  |  

EQT is pleased to announce that EQT Mid Market Europe, together with its co-shareholders, has agreed to sell Rimes to the Five Arrows Long Term Fund and Five Arrows Principal Investments. Five Arrows is the alternative assets arm of Rothschild & Co. Founded in 1996,… Read More

April 11, 2024 @ 10:36 am By Omar Faridi  |  

The AI 100 has been released by CB Insights. It’s an annual list of some of the best / high-potential private AI companies in the world. From new AI architectures to precision manufacturing, this year’s AI firms are focused on tackling some of the hardest… Read More

April 11, 2024 @ 9:19 am By JD Alois  |  

Mimo, a UK-based platform that supports global payments, cash flow, and financial management for SMEs and finance professionals, has raised £15.5 million in funding. Northzone led the funding round. Other investors include Cocoa Ventures, Seedcamp, and Upfin VC, with an asset-backed facility arranged by Fost…. Read More

April 11, 2024 @ 9:11 am By JD Alois  |  

Performance Finance Limited has received a £15 million facility from the British Business Bank.  Performance Finance will use the funds to support to smaller businesses to accelerate their growth. Performance Finance provides financing for professionals like opticians, dentists, solicitors, vets, and surgeons. This includes business loans,… Read More

April 11, 2024 @ 8:59 am By JD Alois  |  

Bitfinex Securities El Salvador S.A. has issued a statement on a security token, or digital security, offering to help finance the Hampton by Hilton Hotel in El Salvador. The project expects to create 1000 jobs during construction and, eventually, 5000 direct and indirect jobs upon… Read More

April 11, 2024 @ 8:38 am By Omar Faridi  |  

Nick Maynard, VP of Fintech Market Research at Juniper Research, notes that cryptocurrency and payments platform Ripple has announced that it is launching its own US Dollar-backed stablecoin later this year. This move, which is subject to customary regulatory approvals, “represents the latest in a… Read More

April 11, 2024 @ 8:31 am By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform for businesses, has published new research revealing the billions the global retail sector loses to fraudulent activity annually. Working alongside the Centre for Economic Business and Research (Cebr), Adyen found that the retail sector “lost $429 billion to… Read More

April 11, 2024 @ 8:28 am By Omar Faridi  |  

Bank payment company GoCardless has announced the renewal and expansion of its strategic partnership with Sage, the global enabler of accounting, financial, HR, and payroll technology for small and mid-sized businesses. The latest agreement, which “builds on a successful six-year collaboration, will open up new… Read More