Global

November 22, 2023 @ 12:20 pm By JD Alois  |  

At the end of last month, FATF (Financial Action Task Force) published a report on crowdfunding and the funding of terrorism. While the two sides of the discussion may seem to be unrelated, bad actors are always looking for a path to cover their tracks,… Read More

November 22, 2023 @ 11:52 am By Omar Faridi  |  

The study of 2020 consumers in Germany, posted by Solaris, aimed to unearth consumer attitudes “to taking out financial services from brands in the tourism sector.” Key findings shared by Solaris are as follows: Consumers indicate high levels of confidence and trust towards tourism brands,… Read More

November 22, 2023 @ 11:08 am By Omar Faridi  |  

Revolut Head of Financial Crime is warning consumers to “stay vigilant amidst surging frauds this sale season as e-commerce scams such as fake websites become increasingly sophisticated.” Revolut’s single use virtual disposable cards, which “protect shoppers’ card details so they are never shared with vendors,… Read More

November 22, 2023 @ 11:04 am By JD Alois  |  

Prosper, a UK Wealthtech that aims to improve investment offerings for the mass affluent has opened up a funding round on Crowdcube. In a release, Prosper CEO Nick Perrett stated: “It’s time that the people who help you with your money are motivated to keep… Read More

November 22, 2023 @ 10:52 am By Omar Faridi  |  

Cyber and digital technology risks are a key concern for businesses and risk leaders in 2023, even as 60% see GenAI “as an opportunity for their businesses,” according to PwC’s 2023 Global Risk Survey, published recently. More than 3,900 business and risks leaders – “from… Read More

November 22, 2023 @ 8:40 am By Omar Faridi  |  

Identity fraud rose by more than a fifth this year, “amid warnings that fraudulent activity is set to peak over the Christmas shopping period.” New analysis from Experian reveals “that identity fraud rose by 22% in 2023, when compared to 2022, with the trend expected… Read More

November 22, 2023 @ 7:55 am By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins as well as Netcoins USA (Netcoins.com), the online crypto trading platform that makes it easy for North Americans to buy, sell, and stake cryptocurrency, is pleased to “update investors on its recent trading and platform performance… Read More

November 22, 2023 @ 7:36 am By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a key player focused on cloud banking for the global financial services industry, announced that Alba Bank has made a significant step “towards supporting the UK’s small- and medium-sized businesses (SMEs) by adopting the nCino Cloud Banking Platform.” As a secure… Read More

November 21, 2023 @ 11:21 pm By Omar Faridi  |  

Europe’s economic recovery is getting a much-needed boost from rising wages and higher incomes, according to an update shared by the International Monetary Fund (IMF). But in countries where population aging is “shrinking the workforce, policymakers may soon face new challenges.” The IMF noted in… Read More

November 21, 2023 @ 10:25 pm By Omar Faridi  |  

Remitly is pleased to announce an expanded five-year collaboration with Visa aimed at streamlining global money movement for Remitly customers and building on the company’s initial integration of Visa Direct. Through our extended collaboration, Remitly customers “in more than 15 countries, including the U.S., Canada,… Read More

November 21, 2023 @ 10:19 pm By Omar Faridi  |  

Institutional adoption and sentiment remain strong amid the current crypto cycle, according to an Institutional Investor survey of 250 institutional investors. In the survey, commissioned by Coinbase (NASDAQ:COIN) institutional investors “demonstrated their resilience and expressed optimism about crypto’s role in the future.” Sentiment improved dramatically… Read More

November 21, 2023 @ 7:51 pm By Omar Faridi  |  

Cross-border payments are financial transactions where the accounts of the payor and payee are based in different countries, the Payments Canada team explains. Cross-border payments are typically “more complex than domestic payments as they involve different national legal and regulatory frameworks, more than one currency,… Read More

November 21, 2023 @ 7:47 pm By JD Alois  |  

Kroo, a UK digital bank authorized and regulated by the Prudential Regulation Authority and Financial Conduct Authority, is raising money on Crowdcube. Kroo has listed a securities offering to raise £1 million at a pre-money valuation of £120 million. That funding target has already been… Read More

November 21, 2023 @ 4:46 pm By Omar Faridi  |  

Juniper Research unveiled recently the 10 trends that are set to radically impact the fintech and payments landscape in 2024, included within its latest whitepaper. The whitepaper found that “the fintech market is undergoing a rapid shift, with the rise of new technologies, such as… Read More

November 21, 2023 @ 2:27 pm By Omar Faridi  |  

On Sunday November 19, 2023, Argentina elected its next president, Javier Milei, which briefly caused “a noticeable surge in the price of Bitcoin and underscores the direct impact of political shifts on the crypto ecosystem.” Milei is a libertarian who aims to upend the economic… Read More

November 21, 2023 @ 9:17 am By Omar Faridi  |  

Akur8 released a new research paper for the actuarial community entitled “Derivative Lasso: Credibility-Based Signal Fitting for GLMs.” Developed by a team of actuarial scientists at Akur8, including Mattia Casotto, Head of Product for the U.S. and Principal Scientist, and Thomas Holmes, Chief Actuary for… Read More

November 21, 2023 @ 9:04 am By Omar Faridi  |  

Tether, the largest company in the cryptocurrency ecosystem, and leading global crypto exchange and Web3 technology company OKX, announced that they have assisted the United States Department of Justice (DOJ) in an investigation that “led to Tether proactively and voluntarily freezing approximately 225 million in… Read More

November 21, 2023 @ 9:00 am By Omar Faridi  |  

The World Economic Forum’s AI Governance Summit brought together more than 200 influential leaders from the Forum’s AI Governance Alliance (AIGA) and the broader artificial intelligence community “to exchange insights and collaborate on the establishment of action plans to promote the responsible development and deployment… Read More

November 21, 2023 @ 8:36 am By Omar Faridi  |  

The UK witnessed 898 venture capital (VC) funding deals of worth $8.7 billion during January-August 2023. This represents “a 27.2% drop in the volume compared to the same period in 2022.” Notably, the decline in terms of disclosed deal value “was significantly steeper, registering at… Read More

November 21, 2023 @ 8:31 am By Omar Faridi  |  

On 18 November 2023, Kronos Research announced, via social media platform X, that unauthorized access to their API resulted in “a loss of approximately $26 million.” As noted in an update shared by CertiK, the incident “isn’t a typical private key compromise which often refers… Read More