December 18, 2024 @ 8:43 pm By Omar Faridi  |  

CyberCube, the provider of cyber risk analytics for the insurance industry, has signed a multi-year partnership with Mathison Insurance Partners. The collab marks a key milestone in empowering Mathison to deliver “cyber risk solutions to its retail partners and clients.” Mathison Insurance Partners, a specialist… Read More

December 18, 2024 @ 3:48 pm By JD Alois  |  

Multiple reports indicate that Deutsche Bank is launching a Layer 2 blockchain to fuel digital assets and compliance at the bank. A Layer 2 blockchain is a separate blockchain added to the top of a Layer 1 blockchain like Ethereum. A Layer 2 aims to… Read More

December 18, 2024 @ 3:20 pm By JD Alois  |  

Even while economic data has been very choppy, the US Federal Reserve decided to match market expectations, cutting benchmark rates by 25 basis points. The Federal Open Market Committee (FOMC) lowered the target range for the federal funds rate by 25 bps to 4-1/4 to… Read More

December 18, 2024 @ 12:17 pm By Omar Faridi  |  

Plaid has looked into how financial institutions are thinking about open banking and has shared insightful survey results. In today’s digital world, consumers demand real-time financial services – from mobile banking apps to digital wallets and investment platforms. The adoption of digital tools is no… Read More

December 18, 2024 @ 12:16 pm By Omar Faridi  |  

JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX) with appr. $6.6 billion in portfolio equity and debt investments, announced a partnership with iCapital, the fintech platform enabling the alternative investment marketplace for the wealth and asset management sectors. The partnership results… Read More

December 18, 2024 @ 12:00 pm By Omar Faridi  |  

Sumsub is announcing its partnership with Darkex, a blockchain platform renowned for its commitment to trust and security. This collab sets a benchmark for user experiences and compliance in the blockchain space. Sumsub will equip Darkex with verification and anti-money laundering (AML) capabilities, ensuring fast onboarding;… Read More

December 18, 2024 @ 11:13 am By Tony Zerucha  |  

The following is commentary from Michal “Mehow” Pospieszalski, CEO of MatterFi. MatterFi is a security-focused, foundational layer for financial services to build into the crypto ecosystem, giving those organizations access to all the key services they will need to enable them to quickly build compliant,… Read More

December 18, 2024 @ 10:03 am By JD Alois  |  

The UK Payment Systems Regulator (PSR) has published a report on Authorized Push Payment (APP) scams and how to avoid them. In brief, a fraudster pilfers money illicitly when it tricks targets into sending money to its account. The trick is presenting what looks like… Read More

December 18, 2024 @ 9:25 am By Tony Zerucha  |  

Loyalty programs, while less discussed than other areas of Fintech, are one of the most interesting sectors that deliver daily consumer value. One of the main innovators is Engage People, which has enabled the redemption of more than 1.4 billion points thanks to partnerships with… Read More

December 18, 2024 @ 8:57 am By Omar Faridi  |  

KPMG UK has commented on the recently released UK GDP data. Yael Selfin, Chief Economist at KPMG UK, noted: “GDP growth stalls amid growing uncertainty. GDP growth remained disappointing, showing no progress for five consecutive months, due to weaker activity across a broad swathe of the… Read More

December 18, 2024 @ 8:49 am By Tony Zerucha  |  

ThetaRay, a provider of AI-powered financial crime detection technology, announced the deployment of its new GenAI Financial Crime Detection Suite through a collaboration with Microsoft. By integrating Microsoft Azure OpenAI Service, ThetaRay cited such benefits as enhanced risk assessment, operational efficiency, and better reporting of… Read More

December 18, 2024 @ 8:04 am By Omar Faridi  |  

Raisin, a platform for savings and investments, has partnered with open banking Fintech Salt Edge to strengthen its compliance with UK regulations, ensuring secure financial solutions for clients. Raisin operates across the European Union, UK, and US, offering customers access to “competitive” interest rates and… Read More

December 18, 2024 @ 8:02 am By Omar Faridi  |  

Retail investors are optimistic that the bull market will continue throughout next year, with Amazon emerging as the most “popular” stock among the ‘Magnificent 7’, according to the Retail Investor Beat from trading and investing platform eToro. The research study, shared by eToro, which surveyed… Read More

December 18, 2024 @ 7:56 am By Omar Faridi  |  

Tether, which claims to be the largest digital asset companies in the world (as well as being one of the most profitable), has invested in StablR, the European stablecoin provider. Tether’s investment into StablR signals its commitment to the European market and its support for… Read More

December 17, 2024 @ 11:42 pm By Omar Faridi  |  

As part of its ongoing commitment to supporting the Ukrainian community, global fintech company Revolut has announced that its app is now available in the Ukrainian language. This move comes around two years after Revolut started offering payment services to refugees fleeing Ukraine and the… Read More

December 17, 2024 @ 9:19 pm By Omar Faridi  |  

Talos, the provider of institutional trading and portfolio technology for digital assets, has partnered with Crypto Risk Metrics to provide Talos’s regulated clients with ESG data to meet their sustainability disclosure requirements under the EU’s MiCA (Markets in Crypto Assets) Regulation. With the entry into… Read More

December 17, 2024 @ 9:18 pm By Omar Faridi  |  

OKX has partnered with Kemet Trading, the digital asset derivatives trading platform for institutions, in order to provide clients with access to Kemet’s derivative trading infrastructure. The collaboration now reportedly provides institutional clients with Kemet’s position, risk and portfolio management capabilities. As institutional participation continues… Read More

December 17, 2024 @ 9:17 pm By Omar Faridi  |  

ADGM, the international financial centre, signed a Memorandum of Understanding (MoU) with Beijing Financial Street Service Bureau. As explained in the update, this latest agreement reinforces the commitment to fostering connections, particularly in the areas of international “development and industry promotion, further advancing the growth… Read More

December 17, 2024 @ 9:16 pm By Omar Faridi  |  

Mastercard (NYSE: MA) has joined forces with the Bank of Punjab (BOP) as a partner to enhance the bank’s proposition across consumer debit and credit, affluent portfolio and loyalty offerings. The collab seeks to transform the banking institution’s digital ecosystem and its customers’ digital experience…. Read More

December 17, 2024 @ 9:15 pm By Tony Zerucha  |  

Results of a new survey from online mortgage marketplace EveryRate.ca show that most Canadians would struggle with a 15% increase in their housing expenses. The survey was conducted with polling firm Leger in mid-November and asked 1,526 Canadians: “If your mortgage or rent increased by… Read More