Global

January 17, 2024 @ 1:48 pm By Omar Faridi  |  

AI [artificial intelligence] will affect almost 40 percent of jobs around the world, “replacing some and complementing others.” So that’s why we may “need a careful balance of policies to tap its potential,” according to an update shared by the International Monetary Fund (IMF). In… Read More

January 17, 2024 @ 1:47 pm By Omar Faridi  |  

OakNorth – the digital bank for entrepreneurs by entrepreneurs – has provided a loan to Lovett Care, the care home provider. Founded in 2009, Lovett Care specializes in “offering residential, nursing and dementia care across England and Wales.” The past three years has seen the… Read More

January 17, 2024 @ 12:25 pm By JD Alois  |  

IPO [initial public offering] activity was dismal in 2023. You have to go back to 2019, which was just before the COVID crisis disrupted the world, to find a worse year. A total of 1,429 IPOs were launched globally in 2023 a nearly 16% drop… Read More

January 17, 2024 @ 8:37 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has appointed Daniel Godfrey as chair and Julia Dreblow as vice-chair of a new working group focused on building capability in sustainable finance across the financial advice sector. The Personal Investment Management & Financial Advice Association (PIMFA) will “provide… Read More

January 17, 2024 @ 8:33 am By Omar Faridi  |  

The majority of European and UK Equity Capital Markets (ECM) leaders believe that large international companies still “see London as a destination of choice when considering listing,” according to new research from KPMG UK. When asked where large international companies “would consider listing, almost all… Read More

January 17, 2024 @ 8:25 am By Omar Faridi  |  

N26 announced the launch of a new Stock and ETF trading product that will allow all account holders to buy and sell stocks and ETFs for €0.90 per trade, directly in the N26 app. The launch of this new and comprehensive trading product will see… Read More

January 16, 2024 @ 10:29 pm By Omar Faridi  |  

Australians spent nearly AUD$200 more through the latest peak sales season in 2023 compared with 2022, according to the latest Digital Economy Index from global financial platform Airwallex. The Airwallex Digital Economy Index reportedly “records year-to-date spending per adult, as well as quarter-by-quarter snapshots of… Read More

January 16, 2024 @ 3:21 pm By Omar Faridi  |  

The proportion of CEOs who believe global economic growth will improve over the next 12-months has more than doubled year-on-year, according to an update shared by PwC. At the same time, the proportion of CEOs concerned “about their long-term business viability has risen to 45%… Read More

January 16, 2024 @ 3:11 pm By Omar Faridi  |  

OKX, a Web3 technology company, and Circle Internet Financial, a global fintech firm and issuer of USDC, unveiled a new ‘CCTP Cryptopedia Campaign,’ giving users who swap USDC across different blockchains on the OKX DEX aggregator the opportunity “to qualify for a share of a… Read More

January 16, 2024 @ 1:04 pm By JD Alois  |  

European payments provider Mangopay has announced a partnership with Storfund. Terms of the deal were not revealed. Mangopay, based in France, has long been a top payments provider for marketplaces like crowdfunding platforms. Founded in 2013, Mangopay says it has supported 2,500+ platforms and marketplaces…. Read More

January 16, 2024 @ 12:39 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) is reportedly willing to postpone the Terraform Labs trial for Do Kwon‘s extradition. The SEC agreed to the delay of the civil trial against Terraform Labs and its co-founder Do Kwon for allegedly carrying out a $40 billion… Read More

January 16, 2024 @ 10:15 am By JD Alois  |  

  CI has reported on the moribund activity for venture capital and private equity for some time now. Again and again, we receive reports that VC and PE cratered in 2023. Today, once again, S&P Global Market Intelligence has shared another gloomy report stating that… Read More

January 16, 2024 @ 9:04 am By Omar Faridi  |  

Over 50% of all cryptocurrencies have died, according to an extensive research report. And of the over 24,000 cryptocurrencies listed on CoinGecko since 2014, there are a total of 14,039 that have died (at the time of writing). Most dead cryptocurrencies came from projects launched… Read More

January 16, 2024 @ 8:49 am By Omar Faridi  |  

Tether, the issuer of the USDT stablecoin, says they are disappointed in the UN’s assessment that singles out USDT “highlighting its involvement in illicit activity while ignoring its role in helping developing economies in emerging markets, completely neglected by the global financial world simply because… Read More

January 16, 2024 @ 8:30 am By Omar Faridi  |  

In 2023, Santander (NYSE: SAN) recruited over 4,500 employees with digital skills around the world to drive the group’s transformation. The growing demand for these types of professionals in the market, in particular in financial institutions, led Santander “to launch a targeted recruitment strategy under… Read More

January 15, 2024 @ 9:39 pm By Tony Zerucha  |  

This week, WebN and Laser Digital launched Libre, a new institutional Web3 infrastructure powered by Polygon for distributing alternative asset funds. Alternative investment management firm Brevan Howard and private markets investment management firm Hamilton Lane plan to be the first issuers to strategically partner with… Read More

January 15, 2024 @ 1:44 pm By Omar Faridi  |  

Sock – the self-custody financial app that acts as the hub for your digital currency and financial life – is now available internationally in over 30 countries across Europe, the Americas, and Asia with Bitcoin (BTC), the world’s most recognized cryptocurrency. Bitcoin, which has recently… Read More

January 15, 2024 @ 1:42 pm By Omar Faridi  |  

Alpaca recently shared key platform developments that took place last year. Alpaca has commented on key milestones, partnerships, and innovations that have shaped their year in 2023. As they enter 2024, the team remains focused on supporting a wide range of open financial services in… Read More

January 15, 2024 @ 1:41 pm By Omar Faridi  |  

Swiss Fintech Klarpay recently commented on key platform developments during Q4 2023. The Switzerland-based Fintech firm said that during the final quarter of 2023, Klarpay has marked significant milestones, “introducing innovative features and participating in exciting industry events.” According to financial tech firm, the financial… Read More

January 15, 2024 @ 11:49 am By Omar Faridi  |  

CoinShares (Nasdaq Stockholm: CS; US OTCQX: CNSRF)  is reporting that digital asset investment products saw $1.18 billion inflows last week (subject to T+2 settlement), although this did “not break the record set at the launch of the futures-based Bitcoin ETFs which totaled $1.5 billion back… Read More