Global

March 12, 2024 @ 10:40 pm By Omar Faridi  |  

Deloitte announced the launch of InvestAcceleration, a new suite of solutions designed specifically for the investment management industry and is an industry-specific approach to implement Workday Financial Management. InvestAcceleration, helps investment management firms “address risks and challenges, including lack of agility, complex workflows and disparate… Read More

March 12, 2024 @ 10:39 pm By Omar Faridi  |  

Jada Fund of Fun​ds has announced its first investment in Venture Debt and second in the private credit space in Partners for Growth VII, managed by global private credit manager Partners for Growth, “with SAR 3.75 billion (USD 1 billion) in assets under management, to… Read More

March 12, 2024 @ 3:45 pm By Omar Faridi  |  

Nexi and Mastercard (NYSE: MA) have teamed up to advance Open Banking Payments Across Europe. Mastercard’s open banking technology to “enable more choice and power seamless, secure digital payments across Europe in partnership with Nexi.” Nexi has chosen Mastercard as its strategic partner “across Europe… Read More

March 12, 2024 @ 12:11 pm By Omar Faridi  |  

M&G Investments announces the first close of its latest vintage of Real Estate Debt Funds, which includes £350 million of capital from four clients. The capital will be deployed into real estate loans “across Europe originated by M&G’s market leading Real Estate Finance team.” The… Read More

March 12, 2024 @ 10:40 am By Omar Faridi  |  

The latest NatWest Regional PMI survey showed business activity “growing across most parts of the UK in February.” Business confidence also generally picked up amid “a more broad-based improvement in underlying demand.” Labor market trends remained more varied, however, “with firms in most areas reporting… Read More

March 12, 2024 @ 8:40 am By Omar Faridi  |  

The Praetura Commercial Finance (PCF) team reveals that they have secured a £200m asset-based lending securitisation with Barclays to help more SMEs with their funding needs. The wider Praetura Group team have also “managed to treble their loanbook in three years to over £400m. ”… Read More

March 12, 2024 @ 8:35 am By Omar Faridi  |  

Wolters Kluwer Tax & Accounting (TAA) U.K. has released an anti-money laundering module (AML) within CCH iFirm, its cloud-based practice management and compliance software platform. Wolters Kluwer CCH iFirm AML seamlessly integrates “with CCH Central, Wolters Kluwer TAA’s on-premise system, reducing the need to rekey… Read More

March 12, 2024 @ 8:32 am By Omar Faridi  |  

Recruitment activity across the UK continued to weaken midway through the opening quarter of the year, according to the latest KPMG and REC, UK Report on Jobs survey, compiled by S&P Global. Ongoing economic uncertainty and hesitancy “to commit to new hires amid cost pressures… Read More

March 11, 2024 @ 10:34 pm By Omar Faridi  |  

Allianz Trade has reportedly launched Allianz Trade pay, a new range of services fully dedicated to B2B e-commerce activities. Allianz Trade pay is described as “a payment solution with a range of services dedicated to B2B e-commerce activities, including a trade credit insurance protection, a… Read More

March 11, 2024 @ 8:41 pm By Omar Faridi  |  

zkLink, the zero-knowledge Layer 3 infrastructure provider, announced the launch of a 20,000,000 $ZKL grant program to support developers building on zkLink. The grant program fosters innovation and development “within the zkLink ecosystem by providing financial support to talented developers and teams working on projects… Read More

March 11, 2024 @ 12:06 pm By Omar Faridi  |  

2024 has ushered in more mainstream attention with the approval of the Bitcoin ETFs, the team at SafePal noted in a recent update. Regardless of market movements, the team at SafePal claims that it continues to focus on building products, developing features, and “improving their… Read More

March 11, 2024 @ 11:23 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced a partnership with The Hertz Corporation to power payments for its Hertz, Dollar, and Thrifty car rental brands. Hertz explains that it will aim to “unify the majority of its in-person and online payment volume onto Stripe… Read More

March 11, 2024 @ 9:17 am By Omar Faridi  |  

Estancia Capital Partners LP is reportedly acquiring a minority stake in cash deposit platform Flagstone, so that it can provide more firepower to the UK startup’s line of savings products. Flagstone reportedly stated that the £108 million (appr. $139 million) investment from the private equity… Read More

March 11, 2024 @ 8:45 am By Omar Faridi  |  

Akur8, the insurance pricing solution powered by Transparent AI, announced that Swedbank has selected Akur8’s pricing platform to enhance its insurance pricing process. By leveraging Akur8’s cloud-based, fully integrated platform, Swedbank is poised “to streamline its insurance pricing process, ensuring accuracy, transparency, and an improved… Read More

March 11, 2024 @ 8:11 am By Omar Faridi  |  

Nation-state cyber threat actors are expected to acquire and flex new offensive cyber capabilities in an increasingly polarized world, warns cyber risk analytics specialist CyberCube. In a new report published recently, CyberCube anticipates there will “be further attempts to compromise IT supply chains and geopolitical… Read More

March 11, 2024 @ 8:09 am By Omar Faridi  |  

Chris Gilderson, Head of Retail and Hospitality at PXP Financial recently shared his views and insights with Crowdfund Insider. The retail payments landscape is dynamic and fast-paced, and innovation is snowballing. From cryptocurrencies to buy now, pay later, disruptive tech is transforming consumer experiences and… Read More

March 11, 2024 @ 8:03 am By Omar Faridi  |  

In the past six years from 2018 to 2024, the crypto market’s sentiment has been fearful for 54.7% of the time, greedy 32.0% and neutral for the remaining 13.3%, according to an extensive update from CoinGecko. During this period, the Fear and Greed Index averaged… Read More

March 11, 2024 @ 8:00 am By Omar Faridi  |  

Simon Taylor, an experienced Fintech strategist, notes that the latest Fintech results season is witnessing Wise (LSE:WISE) really “hitting its stride.” As HSBC competitor Zing launches, Wise revenue is “up 23% YoY and its above its IPO price.” Simon Taylor has examined why Wise revenuers… Read More

March 11, 2024 @ 7:58 am By Michael Wong  |  

The Kremlin has announced plans to create an independent payment system within the BRICS group of nations, employing blockchain and digital currencies. Kremlin aide Yury Ushakov, in a detailed interview with Russian news agency TASS, highlighted the initiative aimed at developing a financial infrastructure that… Read More

March 10, 2024 @ 11:53 pm By Omar Faridi  |  

Currencycloud, a Visa solution and the specialists in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) license holder from the Monetary Authority of Singapore (MAS). The license will allow Currencycloud to “provide a full suite… Read More