Global

November 11, 2023 @ 6:22 pm By Omar Faridi  |  

Maybank announced the expansion of its cross-border QR Pay service to China, one of the first in the market for a Malaysian bank, amplifying Maybank’s existing cross-border payment capabilities and enhancing the ease and efficiency of financial transactions. This initiative aims to benefit over 8… Read More

November 11, 2023 @ 5:54 pm By Omar Faridi  |  

In response to a surge in monthly active users from around the world, TFH has begun rolling out a new World App update that allows users “to customize their experience with multiple languages and local currencies.” Starting in November, World App will be “available in… Read More

November 11, 2023 @ 5:43 pm By Omar Faridi  |  

In a move to advance investor inclusion in company fundraisings and fixed income investment products, capital markets technology firm PrimaryBid announces the appointment of Stacey Parsons as Managing Director and Head of Fixed Income. Parsons’ appointment will accelerate PrimaryBid’s efforts “to unlock investor access to… Read More

November 11, 2023 @ 12:45 pm By Omar Faridi  |  

Cost cutting is said to be behind a significant drop in satisfaction levels in 2023, according to a comprehensive update shared by KMPG. The UK’s biggest brands are turning “to artificial intelligence (AI) to develop better customer and colleague experiences,” according to KPMG’s latest Customer… Read More

November 11, 2023 @ 9:11 am By Omar Faridi  |  

With macroeconomic conditions continuing to make it difficult for auto lenders to maintain or increase profitability, all eyes have “turned to digital channels as the most cost-effective and efficient means to do so.” According to the J.D. Power 2023 U.S. Consumer Financing Satisfaction Study, released… Read More

November 11, 2023 @ 8:40 am By Michael Wong  |  

Forty-eight countries and jurisdictions have pledged to adopt the Organisation for Economic Co-operation and Development‘s (OECD) framework for tax transparency and information exchange regarding crypto assets by 2027. This commitment marks a significant stride in international efforts to address tax evasion in the rapidly evolving… Read More

November 11, 2023 @ 6:43 am By Omar Faridi  |  

Veriff, a global identity verification (IDV) provider, announced significant updates to its fully automated IDV product. The solution uses advanced machine learning “to enable a 100% automated identity verification process with zero human involvement.” With the enhanced IDV solution, customers “have access to a fast… Read More

November 10, 2023 @ 5:33 pm By Omar Faridi  |  

Ripple, the firm enabling enterprise blockchain and crypto solutions, debuted the evolution of its crypto-enabled cross-border payments solution, Ripple Payments, formerly known as RippleNet. Ripple Payments provides the enterprise-grade infrastructure “required for businesses to leverage blockchain easily for faster, cheaper, more efficient cross-border payments without… Read More

November 10, 2023 @ 4:24 pm By Omar Faridi  |  

Transfero, an international financial solutions company and the owner of Brazilian and Argentinian Digital Tokens (BRZ and ARZ), stablecoins pegged to Brazilian Real and Argentinian Peso, deploys Finery Markets’ FM Liquidity Match in order “to offer institutional customers a seamless and robust over-the-counter (OTC) cryptocurrency… Read More

November 10, 2023 @ 10:03 am By Omar Faridi  |  

Swan, the European firm supporting embedded finance, opens its first office in the Netherlands, and launches localized Dutch accounts, “as part of its continued European expansion.” The launch is part of the company’s European hyperlocalization strategy, “following a successful launch in Spain earlier in the… Read More

November 10, 2023 @ 8:25 am By Omar Faridi  |  

Germany’s Finance Minister Christian Lindner on Thursday (November 9, 2023) called on European Union nations to choose Frankfurt as the seat of the bloc’s anti-money laundering authority (AMLA). Lindner stated that a decision to locate AMLA in Frankfurt is a key move in order to… Read More

November 10, 2023 @ 8:23 am By Omar Faridi  |  

Anneke Kosse, Marc Glowka, Ilaria Mattei, and Tara Rice have examined in a new paper whether stablecoins do actually live up to their name and whether they serve as a reliable means of payment and store of value. Senior Economist Anneke Kosse attempts to address… Read More

November 9, 2023 @ 10:41 pm By Omar Faridi  |  

Apiture, a provider of digital banking solutions, announced the introduction of enhanced fraud detection through a partnership with DefenseStorm, provider of the only built-for-banking cyber risk management platform. Integrated with the Apiture Digital Banking Platform, the DefenseStorm GRID Active Fraud Detection solution “protects financial institutions… Read More

November 9, 2023 @ 10:39 pm By Omar Faridi  |  

The Bank of London announced the appointment of Frankie Woodhead as Chief Product Officer, effective immediately. In his role, Frankie will “oversee product vision, development and delivery across the UK Bank and Group.” Frankie joins the bank “with 15 years of senior leadership experience across… Read More

November 9, 2023 @ 4:21 pm By Omar Faridi  |  

Moflix Group, a telecommunications industry pioneer providing next-generation digital solutions, announced that it has raised a $3.1 million seed funding round with the participation from The Hashgraph Association (THA) – the Swiss-based non-profit organization accelerating the adoption of the Hedera network globally, “alongside other strategic… Read More

November 9, 2023 @ 1:17 pm By Omar Faridi  |  

Solidus Labs, the crypto-native integrity solutions provider, announced that it has partnered with Amber Group, a provider of digital wealth management and crypto liquidity solutions. The collaboration aims to integrate HALO, Solidus’ comprehensive crypto-native trade surveillance and market integrity hub, “into Amber Group’s platform to… Read More

November 9, 2023 @ 11:46 am By JD Alois  |  

There have been reports on both sides of the Atlantic that some banks are pumping the brakes on providing credit to smaller businesses. While there are multiple reasons why this may be the case, a gap in lending has helped to boost alternative lending platforms… Read More

November 9, 2023 @ 11:18 am By Omar Faridi  |  

Following a “strong” year of growth, global fintech platform Airwallex has recently  announced business highlights in Singapore. In the first half of 2023, Airwallex Singapore “saw 13x growth (1213%) in year-on-year revenue and more than 11x growth (1015%) in total transaction volume as businesses in… Read More

November 9, 2023 @ 9:30 am By JD Alois  |  

Figure Technologies, along with former NYSE Executive Tom Farley and VC Proof Group, are planning to acquire what’s left of FTX, according to a report by WSJ.com. FTX was once valued at over $30 billion. Figure, founded by top Fintech entrepreneur Mike Cagney, operates one… Read More

November 9, 2023 @ 9:14 am By Omar Faridi  |  

Wirex, a global firm supporting crypto payments with over 6 million users, has announced a partnership with Cenit Finance, a company in tokenomics simulation, in order “to refine and scale the tokenomics of its native utility token, WXT.” This collaboration leverages Wirex’s recently revealed strategic… Read More