Global

June 1, 2023 @ 11:45 pm By Omar Faridi  |  

After a long period of consistent profitability, the wealth and asset management sector is “facing rising costs, shrinking margins, and intensifying consumer demands.” Firms are looking for ways “to accelerate their digital transformations, bring more of what their clients want to the table, and bolster… Read More

June 1, 2023 @ 11:13 pm By Omar Faridi  |  

Mesh Payments announced the expansion of its unified spend management platform to support global multinational businesses operating in Europe, UK, and Asia in local currencies. Mesh now enables companies “to operate globally across international entities, issue local cards and settle in local currencies all from… Read More

June 1, 2023 @ 10:42 pm By Omar Faridi  |  

NomuPay, a modern end-to-end payment platform purpose built for expansion into regions of high cross-border and ecommerce growth, has raised $53.6m. The investment round was “led by Finch Capital, and includes participation from Outpost Ventures, a Neuberger Berman fund, with participation from individuals.” Peter Burridge,… Read More

June 1, 2023 @ 9:07 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a global firm focused on mission-critical, real-time payments software, announced that its Board of Directors has appointed Thomas Warsop as President and Chief Executive Officer, “effective June 1, 2023.” Warsop, a seasoned executive and financial services technology expert, has “served as… Read More

June 1, 2023 @ 6:38 pm By Omar Faridi  |  

Non-custodial wallet-as-a-service (WaaS) provider and web3 onboarding solution to expand its enterprise-ready product suite to support growing customer base. Magic, which claims to be the leading wallet-as-a-service (WaaS) provider, has announced it has raised $52 million in a strategic funding round led by PayPal Ventures,… Read More

June 1, 2023 @ 12:11 pm By Omar Faridi  |  

Diebold Nixdorf, Incorporated (NYSE:DBD) announced it has entered into a restructuring support agreement with certain of its key financial stakeholders in order “to effectuate a comprehensive debt restructuring transaction that is intended to be completed efficiently and quickly.” The restructuring is expected “to significantly reduce… Read More

June 1, 2023 @ 9:00 am By Omar Faridi  |  

Binance, which claims to be the world’s largest cryptocurrency exchange in terms of overall trading volume and scope of operations, recently revealed that it may be reassessing its workforce following numerous other industry-wide reports of layoffs and an extended bear market. On Wednesday (May 31,… Read More

May 31, 2023 @ 11:45 pm By Omar Faridi  |  

The European Central Bank (ECB) has published its card fraud report, which is “based on information provided by 20 card payment scheme operators.” Card fraud in 2021 “continued its downward trend, falling to its lowest level since data collection began.” It reportedly “constituted 0.028% of… Read More

May 31, 2023 @ 10:41 pm By JD Alois  |  

On June 1, 2023, new rules regarding digital assets go into effect, which may make Hong Kong a crypto hub. Earlier this month (May 2023), the Hong Kong Securities and Futures Commission (SFC) concluded the Proposed Regulatory Requirements for Virtual Asset Trading Platform Operators. According… Read More

May 31, 2023 @ 9:45 pm By Omar Faridi  |  

GMO Aozora Net Bank, Ltd. becomes the first bank partner in Japan with Wise Platform, bringing fast, low-cost international payments to more than 80,000 corporate customers The team at Wise says they’re announcing their first Wise Platform bank partnership in Japan with GMO Aozora Net… Read More

May 31, 2023 @ 7:08 pm By Omar Faridi  |  

NameCheck anti-fraud technology to be offered to government, financial services firms as CommBiz customers get use of new service from now. Commonwealth Bank plans to offer its NameCheck anti-scams technology “to government organizations and other financial service companies that process payments in Australia as part… Read More

May 31, 2023 @ 5:21 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published a new study on the use of digital assets to facilitate cash-based transfers regarding humanitarian aid. CCAF, part of the Cambridge University Judge School of Business, is the top research entity in the Fintech sector.  The… Read More

May 31, 2023 @ 3:34 pm By Omar Faridi  |  

Chargebacks911, which claims to be the first company dedicated to providing chargeback remediation services to the world’s largest banks and businesses, released its 2023 Chargeback Field Report, “giving retailers and financial institutions an understanding into the current state of friendly fraud, first-party misuse and chargeback… Read More

May 31, 2023 @ 3:31 pm By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins, the online cryptocurrency brokerage that makes it easy for North Americans to buy, sell, and understand cryptocurrency, and Blockchain Intelligence Group, a developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased “to report… Read More

May 31, 2023 @ 11:17 am By Omar Faridi  |  

Unqork, the Codeless as a Service platform, announced the availability of the Unqork platform on the Microsoft Azure Marketplace, which offers IT software applications and services built by technology companies, optimized to run on Azure. Unqork enables customers “to democratize technology and free themselves from… Read More

May 31, 2023 @ 9:16 am By Omar Faridi  |  

LendInvest co-founder Christian Faes says he’s pleased to be launching Faes & Co. Based out of the US, a new firm that will focus on “building and investing in technology-enabled direct lending businesses, alongside their own private credit fund.” Faes says he’s learned “a lot… Read More

May 31, 2023 @ 9:04 am By Omar Faridi  |  

Muse Finance, a working capital business finance provider – today announces the appointment of Julie Ashmore “as COO to help achieve its ambition to reach 30,000 customers and provide £1.5bn of SME financing in the next three years.” With three decades of experience in fintech,… Read More

May 31, 2023 @ 8:27 am By Omar Faridi  |  

Velocity Global, the world’s “expert” on work, announced new platform updates to improve the customer experience, accelerate the hiring process, and help companies more strategically meet escalating hiring demands and complexities. In addition to a more seamless, intuitive user experience and improved onboarding management, customers… Read More

May 30, 2023 @ 11:49 pm By Omar Faridi  |  

LendInvest (AIM: LINV), which claims to be the UK’s leading platform for mortgages, has significantly reduced rates “across its residential mortgage range, as it continues to build the right product catalogue to support Qualified Professionals, Key Workers and customers with complex income streams and credit histories.”… Read More

May 30, 2023 @ 10:47 pm By Omar Faridi  |  

Assetz Capital continues its strategic expansion, by appointing David Allanson to its Board as a Non-Exec Director. Following a 30 year+ career in commercial lending, latterly as Regional MD, Lloyds Corporate Banking, David has for the last 6 years “taken up several non-executive/board advisory roles,… Read More