February 3, 2025 @ 8:10 am By Omar Faridi  |  

Lloyds Banking Group has announced important updates that focus on enhancing its artificial intelligence (AI) related capabilities. Lloyds Banking Group appointed Magdalena Lis as Head of Responsible Artificial Intelligence (AI), starting on 3 February 2025. This follows the appointment of Dr Rohit Dhawan as Director… Read More

February 3, 2025 @ 8:09 am By Omar Faridi  |  

European digital bank N26 has recently announced the completion of its conversion from a German Stock Corporation (Aktiengesellschaft, AG) to a European Company (Societas Europaea, SE). N26 noted in the update that this step reflects the company’s commitment to evolving its corporate governance and “aligning… Read More

February 2, 2025 @ 11:33 pm By Omar Faridi  |  

Bondster, a Czech investment platform, has become a member of the Czech Fintech Association (CFA), which supports the development of technologies in financial services. Bondster thus confirms its vision to be a key player in accessible investing. Petr Polenda, CEO of Bondster said: “Joining the… Read More

February 2, 2025 @ 7:54 pm By Omar Faridi  |  

Cedar Money, a payments company that enables cross-border money movement on stablecoins, announced a $9.9 million seed round led by QED Investors, with contributions from North Island Ventures, Wischoff Ventures, Lattice, and Stellar. The proceeds from the investment round will enable Cedar Money to accelerate… Read More

February 2, 2025 @ 6:31 pm By Omar Faridi  |  

Purpose Investments Inc., the firm behind the world’s “first” Bitcoin ETF and Ether ETFs, says it is further solidifying its presence in the digital asset space with the filing of a preliminary prospectus with Canadian securities regulators for the proposed launch of the Purpose Ripple… Read More

February 2, 2025 @ 6:26 pm By Omar Faridi  |  

ASIC has recently written to superannuation trustees urging them to strengthen anti-scam practices, or risk ex”posing members to harm.” The open letter, which is reportedly signed by ASIC Commissioner Simone Constant, outlines their guidance for superannuation trustees in “preventing, detecting and responding to scams and… Read More

February 2, 2025 @ 5:53 pm By Omar Faridi  |  

Euroclear has announced a 7-year partnership with Microsoft (NASDAQ:MSFT) to transform Euroclear clients’ experience and drive new opportunities for growth. The partnership strengthens Euroclear’s business ecosystem and technology infrastructure by leveraging Microsoft’s tech, expertise and cloud services. This will enhance Euroclear’s ability to create value… Read More

February 2, 2025 @ 5:48 pm By Omar Faridi  |  

ADGM, the UAE capital’s international financial centre, has officially launched its all-in-one mobile App, which is set to redefine how businesses, employees, and residents engage within the financial district. Designed to streamline connectivity, the app reportedly provides seamless access to various tools and services, “enhancing… Read More

February 2, 2025 @ 5:47 pm By Omar Faridi  |  

Enable Banking, the open banking provider offering business account connectivity and account-to-account payment infrastructure, has partnered with Qred Bank, a provider of financing solutions tailored to entrepreneurs’ needs. Qred specializes in delivering “flexible” financing, enabling entrepreneurs to focus on growing their businesses without the “constraints… Read More

February 2, 2025 @ 5:44 pm By Michael Wong  |  

InfiniVAN Inc., a telecommunications arm of IPS, Inc., has joined forces with Maybank Philippines Inc. in a bid to upgrade the bank’s financial services and enhance its security framework through advanced internet solutions. The collaboration follows the successful completion of the Philippine Domestic Submarine Cable… Read More

February 2, 2025 @ 5:39 pm By Michael Wong  |  

Egypt-based fintech Halan Microfinance Bank has expanded its footprint into Pakistan following its acquisition of Advance Microfinance Bank. The deal provides Halan with an existing license and a rapid route into one of South Asia’s fastest-growing microfinance sectors, according to an announcement. The company announced… Read More

February 2, 2025 @ 5:35 pm By Omar Faridi  |  

Jude Pinto, Chief Delivery Officer at Payments Canada, provides a quarterly update on the Real-Time Rail (RTR), sharing the program’s progress to date and future direction over the coming 3 months. Since their update in Q4 2024, Payments Canada and their delivery partners, CGI, IBM… Read More

February 2, 2025 @ 5:32 pm By Omar Faridi  |  

Tether Holdings Limited released its assurance opinion for the fourth quarter of 2024, conducted by BDO, a global “independent” accounting firm. The attestation is said to reaffirm the accuracy of Tether’s Consolidated Reserves Report (CRR) and provides a breakdown of the assets “held as reserves… Read More

February 1, 2025 @ 6:03 pm By Omar Faridi  |  

Bank of Ireland’s latest economic forecasts for Ireland have been revised upwards. The bank has revised upwards projections “for GDP (4.3%), modified domestic demand (4%) and employment (2.2%) growth in 2025.” This reflects stronger than expected data for H2 2024, showing the Irish economy had… Read More

February 1, 2025 @ 12:19 pm By Omar Faridi  |  

Fintech firm Square’s annual report finds that global consumer businesses, including beauty and retail, plan to invest in new automation and loyalty programs in 2025. Square, the technology company that makes commerce and financial services accessible, released insights from its forthcoming Future of Commerce report,… Read More

February 1, 2025 @ 8:45 am By Omar Faridi  |  

A recent report by Morgan McKinley, in collaboration with Vacancysoft, reveals a significant increase in job vacancies in the UK fintech sector. The report shows a 44% rise in fintech job openings in 2024, reaching 12,519 vacancies, up from 8,672 in 2023. The surge in… Read More

February 1, 2025 @ 8:43 am By Omar Faridi  |  

PitchBook‘s research report highlights the improving investor sentiment towards retail fintech companies, with public digital banks and neobrokers outperforming the broader market in Q4. According to the report from PitchBook, this trend is driven by retail fintech companies achieving profitability alongside sustained growth, reflecting improved… Read More

February 1, 2025 @ 8:42 am By Omar Faridi  |  

A recent report from CBInsights highlights the significant growth and transformation in the artificial intelligence (AI) landscape in 2024. Key trends and findings from the research reports include: Record funding: Private AI companies raised a record $100.4B in 2024, with mega-rounds accounting for 69% of… Read More

January 31, 2025 @ 1:45 pm By JD Alois  |  

Yesterday, the Consumer Financial Protection Bureau (CFPB) issued a statement pertaining to an enforcement action against global Fintech Wise. The action arrived with a $2.5 million penalty for the firm. The CFPB claims that Wise failed to serve consumers sufficiently as it misled US customers… Read More

January 31, 2025 @ 1:04 pm By JD Alois  |  

AngelList, an online capital formation platform that focuses on syndicate offerings, is partnering with CoinList to enable Special Purpose Vehicle (SPV) investing for crypto or Crypto SPVs. AngelList and CoinList are related as they are sister platforms. CoinList started its existence as a US-focused coin… Read More