January 3, 2025 @ 7:09 am By Omar Faridi  |  

Digital payments processing Fintech Checkout.com has reportedly cut staff members following significant sales losses. UK-headquartered payments processing Fintech Checkout.com has slashed nearly a quarter of its professional work-force after a considerable decline in reported revenue. As indicated in Checkout.com’s accounts for the financial year 2023,… Read More

January 2, 2025 @ 8:40 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) licensed “Hiberbay Ink Al-Saoudia for IT Systems” to provide E-wallet solutions. With “Hiberbay Ink Al-Saoudia for IT Systems,” there are now 27 licensed firms providng payments services across the Kingdom of Saudi Arabia. This decision reflects SAMA’s aim to support… Read More

January 2, 2025 @ 8:39 pm By Omar Faridi  |  

Identity verification APIs play a vital role in integrating applications in a way that establishes security, improves compliance, and streamlines user onboarding. This, according to an update from Prove. Prove explained that these tools are necessary for creating trustworthy digital ecosystems, as they address everything… Read More

January 2, 2025 @ 8:38 pm By Omar Faridi  |  

Harrison Seletsky, director of business development at digital identity platform SPACE ID, predicts 2025 will be the year privacy comes into focus as the EU launches the digital euro and organizations battle data leaks. He also expects to see a proliferation of AI agents launching… Read More

January 2, 2025 @ 4:57 pm By Omar Faridi  |  

The most profitable crypto narratives in 2024 are AI, which “recorded the highest average price gains of 2,939.8% year to date (YTD), followed by memecoins which saw returns of 2,185.1% YTD.” This, according to a report from CoinGecko. This makes the AI and memecoin narratives… Read More

January 2, 2025 @ 4:53 pm By Omar Faridi  |  

The initial public offering (IPO) market in the Asia-Pacific (APAC) region has demonstrated resilience in 2024, with a “sustained” upward trajectory despite a “high inflationary environment” and geopolitical tensions. This, according to a new research report. The APAC market witnessed a significant rise in IPO… Read More

January 2, 2025 @ 4:52 pm By Omar Faridi  |  

SlowMist has reportedly passed the audit conducted by the international  certification body, DNV Management Services Group, and obtained the ISO/IEC 27001:2022 Information Security Management System Certificate (with recognition from CNAS and UKAS). This signifies that SlowMist’s information security management system meets international standards, “elevating its… Read More

January 2, 2025 @ 4:49 pm By Omar Faridi  |  

WeLab noted that in 2024, their regional expansion strategy has achieved considerable success, with the group now serving nearly 70 million users across Hong Kong, Mainland China, and Indonesia. According to the update from WeLab, this momentum propels them closer to their ambitious goal of… Read More

January 2, 2025 @ 1:26 pm By JD Alois  |  

DeVere Group is distributing a release that claims that 42% with UK financial ties want out of Britain. This follows the recent Labour budget, which aims to increase taxes on various aspects including capital gains. While DeVere did not distribute the complete survey and its… Read More

January 2, 2025 @ 1:05 pm By Omar Faridi  |  

With 2025 fast approaching, the San Diego-based financial literacy platform, Benji, is helping individuals save more and shape up their finances in the new year. According to a survey by the Pew Research Center, 61% of U.S. adults make New Year’s resolutions relating to “money… Read More

January 2, 2025 @ 12:04 pm By JD Alois  |  

Crowdfund Capital Advisors (CCA) has distributed an end-of-year update on activity in securities crowdfunding. More specifically, securities sold under Reg CF. According to CCA, a total of $375 million was raised during 2024 – the third year of consecutive decline for this sector of capital… Read More

January 2, 2025 @ 11:32 am By Omar Faridi  |  

The Department of Justice (DOJ), on behalf of the Federal Trade Commission (FTC), filed an amended complaint in its lawsuit against Dave Inc. (Nasdaq: DAVE) on December 30, 2024. According to an update from Fintech firm Dave, this is “not a new lawsuit, and it… Read More

January 2, 2025 @ 11:25 am By Omar Faridi  |  

US credit card defaults have reportedly surged to $46 billion in the first 9 months of 2024, which is said to be the highest since 2010. Credit card defaults are now up more than 50% year-over-year. And defaults of seriously delinquent credit card loan balances… Read More

January 2, 2025 @ 10:39 am By JD Alois  |  

Tether, TRON, and TRM Labs say they have frozen over $100 million digital assets globally as they seek to impede criminal activity pertaining to crypto. TRM Labs is a blockchain intelligence firm. The collaboration has been labeled the T3 Financial Crime Unit (T3 FCU) launched… Read More

January 2, 2025 @ 10:31 am By Omar Faridi  |  

As the year 2024 came to an end, the team at Polygon said it was clear that the past year was a mix of significant progress as well as challenges. The team at Polygon has provided a quick recap of the key developments from the… Read More

January 2, 2025 @ 8:23 am By Omar Faridi  |  

As 2024 came to an end, Coin Metrics says that the year stands in stark contrast to the crypto winter of 2022. As mentioned in the report from Coin Metrics, 2024 was one of the “most consequential years in the history of crypto” across multiple… Read More

January 2, 2025 @ 8:18 am By Omar Faridi  |  

Bitget Wallet, a Web3 non-custodial wallet, has reportedly exceeded 60 million global users, achieving 300% annual growth during 2024. Through ecosystem expansion, the platform has seen substantial adoption across key regions, solidifying its position as a key player in the multi-chain wallet ecosystem. Bitget Wallet… Read More

January 2, 2025 @ 8:13 am By Omar Faridi  |  

Standard Chartered (LON: STAN) expects global economic growth, led by nations such as the UK, China, and the US, to be broadly flat in 2025, slowing slightly to 3.1% from 3.2% in 2024. This, following the recent US elections. Standard Chartered noted in its detailed… Read More

January 1, 2025 @ 11:10 am By Omar Faridi  |  

The Reserve Bank of India (RBI) has recently released its Financial Stability Report. The update highlights key developments in the country’s financial ecosystem and what we can expect in 2025. Jaya Vaidhyanathan, CEO, BCT Digital has shared insights with CI on the nation’s banking sector…. Read More

January 1, 2025 @ 6:19 am By Omar Faridi  |  

Aditya Birla Capital Limited (ABCL) has announced a new milestone by becoming the first BFSI company to “go live” on all three core financial services – lending, insurance, and mutual fund investments, available on the Open Network for Digital Commerce (ONDC) platform. This latest development… Read More