November 2, 2024 @ 4:33 pm By Omar Faridi  |  

UK small business sales growth continued to slow over the last quarter (July to September), not helped by rising late payments times, according to the  Xero Small Business Insights (XSBI) data from Xero, the small business platform. As noted in the research report, this quarter,… Read More

November 2, 2024 @ 4:23 pm By Omar Faridi  |  

The Federal Trade Commission revealed recently that it is sending more than $2.5 million to consumers who were said to be “misled” by “deceptive claims” from credit services company Credit Karma. The FTC reportedly took action against Credit Karma back in 2022, alleging that the… Read More

November 2, 2024 @ 4:21 pm By Omar Faridi  |  

In October of 2024, Web3 security incidents led to total losses of approximately $147 million. According to the comprehensive SlowMist Blockchain Hack Archive, 28 separate attacks resulted in about $129 million in losses, with $19.3 million later recovered. These incidents are said to have involved… Read More

November 2, 2024 @ 4:20 pm By Omar Faridi  |  

Bitpanda noted that October 31st marked World Savings Day, a global reminder to prioritize financial wellbeing. Bitpanda also mentioned in a blog post that while traditional savings accounts have been a fairly popular choice over the years, the current dynamic financial landscape offers more innovative… Read More

November 2, 2024 @ 4:19 pm By Omar Faridi  |  

PitchBook has released its report, entitled Q4 2024 Exploring APAC’s Fintech Pathways: Part II: Southeast Asia. PitchBook has shared a deep dive into Southeast Asia’s fast-evolving fintech developments by navigating regional market nuances. According to the research study, the APAC region has many relatively strong… Read More

November 2, 2024 @ 4:18 pm By Michael Wong  |  

Listed firm CryptoBlox Technologies Inc. has announced its acquisition of Blockchain Fintech Unipessoal LDA, a Portuguese company specializing in blockchain-based financial technologies. The announcement was part of the amended agreement that revises the initial acquisition terms disclosed on March 5, 2024, reflecting the latest developments… Read More

November 2, 2024 @ 4:16 pm By Omar Faridi  |  

Sixteen years following the release of Bitcoin’s White paper, the fast-evolving cryptocurrency space has transformed in ways that perhaps early enthusiasts could hardly have imagined. This, according to a recent update from Nexo. Nexo explained that what started as pretty much an experiment in digitizing… Read More

November 2, 2024 @ 4:14 pm By Omar Faridi  |  

Bloomberg had reported this past week that enterprise blockchain company R3 has held discussions with certain representatives at Ava Labs (which is known to be focused on the development of Avalanche), the Solana Foundation and Adhara regarding a possible minority investment in the company, or… Read More

November 2, 2024 @ 4:13 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) announced the establishment of the Global Finance & Technology Network (GFTN), a new initiative designed to reinforce Singapore’s standing as a major global fintech hub while promoting international connectivity for impactful financial innovation. The GFTN aims to build on… Read More

November 2, 2024 @ 7:37 am By Tony Zerucha  |  

Bitcoin (BTC) is likely to reach fresh all-time highs should Donald Trump win the US presidential election, predicts deVere Group CEO Nigel Green. The statement comes days before Americans hit the polls. BTC is currently around $71,000. The highest recorded price, $73,737, was paid on… Read More

November 2, 2024 @ 5:26 am By Michael Wong  |  

NYSE-listed global Fintech player Broadridge Financial Solutions, Inc. has finalized its acquisition of Kyndryl’s Securities Industry Services (SIS) platform, a move aimed at strengthening its position in the Canadian financial services market. The SIS platform, known for providing wealth management and capital markets software solutions,… Read More

November 1, 2024 @ 5:44 pm By Tony Zerucha  |  

According to a global survey of Open Banking, 90% of companies are considering U.S. expansion following the finalization of new regulations this week. That is among the findings in The Transatlantic Index USA, a report released by Open Banking Excellence (OBE). The publication features insights… Read More

November 1, 2024 @ 4:57 pm By Tony Zerucha  |  

As the Presidential election nears, Vice President Kamala Harris and former President Donald Trump are issuing stances on everything from the environment to finances. When it comes time to weigh the credibility of those statements, the founder and CEO of decentralized telecommunications network Chirp urges… Read More

November 1, 2024 @ 4:53 pm By Tony Zerucha  |  

Fintel Connect, a provider of growth marketing solutions for the financial industry, has launched Fintel Check for BaaS, an automated, cost-accessible fintech partner monitoring tool designed for Banking-as-a-Service (BaaS) sponsor banks and middleware providers. With Fintel Check for BaaS, BaaS banks will have access to… Read More

November 1, 2024 @ 4:45 pm By Tony Zerucha  |  

This week, LexisNexis Risk Solutions unveiled the findings of its inaugural Global Consumer Lending Confidence Report. The study, conducted by Datos Insights, reveals that as visibility into consumer risk provided by traditional credit data shifts, financial institutions worldwide are expanding their use of alternative data… Read More

November 1, 2024 @ 4:14 pm By JD Alois  |  

Earlier this year, CI reported on a consultation in the UK on Public Offer platforms [POP]. This is part of an initiative to improve the capital-raising environment for firms in the UK. Currently, in the UK, issuers typically are capped at pursuing online securities offering… Read More

November 1, 2024 @ 11:22 am By Omar Faridi  |  

DriveWealth, a financial technology platform providing Brokerage-as-a-Service, today announced that the Bank of Lithuania, the central bank of the Republic of Lithuania, granted it a brokerage license in Europe. This license aims to support DriveWealth’s global expansion efforts and marks its third region with regulatory… Read More

November 1, 2024 @ 11:21 am By Tony Zerucha  |  

African Fintech Moniepoint has successfully raised $110 million in equity financing. The company was formerly known as TeamApt. The capital raised will accelerate Moniepoint’s growth across Africa, building an integrated platform for African businesses of all sizes. This platform will include services such as digital… Read More

November 1, 2024 @ 10:23 am By Tony Zerucha  |  

Melio, an accounts payable and receivable platform for small and medium businesses, this week announced it had raised an additional $150 million in a strategic funding round led by Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology solutions. Shopify Ventures and… Read More

November 1, 2024 @ 9:44 am By Omar Faridi  |  

Aquis Exchange PLC, a creator and facilitator of next-generation financial markets, and Cboe Europe, a division of Cboe Global Markets, Inc., the derivatives and securities exchange network, are announcing their intention to form a joint venture which plans to explore a bid to “perform the… Read More