September 23, 2024 @ 11:52 am By Omar Faridi  |  

Metro Bank is warning its personal and business customers against a rise in impersonation scams as part of its Scam of the Month awareness campaign. Consumers are being bombarded by phone, text or email from “trusted” organizations such as their bank, the police, HMRC, delivery… Read More

September 23, 2024 @ 11:00 am By Omar Faridi  |  

Revolut, the global financial technology company has announced it has reached ten million customers in the UK. Revolut’s largest market, and where the company was “founded in 2015 has added nearly two million UK customers so far in 2024 and continues to grow.” Revolut has… Read More

September 23, 2024 @ 10:58 am By JD Alois  |  

Switzerland-based digital asset bank Sygnum has received approval to operate under the Token and Trusted Technology Service Provider license from Liechtenstein’s financial services regulator, the Financial and Markets Authority (FMA). The license positions the bank to operate under the European Markets in Crypto-Assets (MiCA) regulations…. Read More

September 23, 2024 @ 9:13 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) says it has topped 2500 clients that are leveraging their Alternative Investment Product (AIP) . The AIP service is a centralized trading and reporting platform that connects the alt investments industry to exchange data. The service includes money settlement… Read More

September 23, 2024 @ 9:06 am By JD Alois  |  

CapitalRise is reporting that it has closed on an £8.22 million senior development loan in Wimbledon. The real estate investment platform says this most recent facility follows a robust summer that generated record activity on the property finance platform. As for the Wimbledon project, the financing… Read More

September 23, 2024 @ 8:47 am By Omar Faridi  |  

Solaris, Europe’s embedded finance platform has taken the difficult decision to discontinue major parts of its Electronic Money Institution business (formerly known as Contis). Solaris is reshaping into a stronger, “more resilient and agile organization that leads the market with innovative financial solutions.” As part… Read More

September 23, 2024 @ 8:41 am By Omar Faridi  |  

The Frankfurt am Main Public Prosecutor’s Office – Central Office for Combating Internet Crime (ZIT) – and the Federal Criminal Police Office ( BKA ) have shut down 47 exchange services hosted in Germany that were “being used for criminal purposes.” These were platforms on… Read More

September 23, 2024 @ 8:37 am By Omar Faridi  |  

LemonEdge, the fund accounting solution for private markets, has announced a strategic partnership with Eleven, an investor portal solution. This partnership marks a significant milestone “for both companies, combining LemonEdge’s innovative accounting capabilities with Eleven’s powerful platform for automating and streamlining the entire investor lifecycle,… Read More

September 23, 2024 @ 8:34 am By Omar Faridi  |  

Boerse Stuttgart Digital provides crypto infrastructure to DZ BANK, giving cooperative bank customers access to cryptocurrencies Safe and easy access to regulated cryptocurrency trading and custody services for retail customers. This is said to represent a key milestone for mass crypto adoption in Europe. As… Read More

September 23, 2024 @ 8:30 am By Omar Faridi  |  

Voice cloning scams – where fraudsters use AI technology to replicate the voice of a friend or family member – could be set to catch millions out, according to new research shared by Starling Bank. The data, from Starling Bank, found that over “a quarter… Read More

September 22, 2024 @ 7:39 pm By Michael Wong  |  

Malaysian Fintech major TNG Digital is exploring a potential domestic initial public offering (IPO) that could raise over $300 million within the next two to three years, according to two sources familiar with the matter, Reuters reported. The sources indicated that TNG Digital, which owns… Read More

September 22, 2024 @ 7:37 pm By Omar Faridi  |  

NatWest reports that it has completed a multimillion-pound funding deal with North East’s believe housing. NatWest notes that the £90 million funding package will aim to “support long-term growth plans for social housing association.” As stated in the announcement, believe housing has obtained a £90… Read More

September 22, 2024 @ 7:32 pm By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has completed a £2m Revolving Credit Facility to Spy Alarms, an electronic security and fire system services business which installs, maintains and monitors intruder alarms, CCTV, fire safety systems and access control systems. The business was founded… Read More

September 22, 2024 @ 7:23 pm By Omar Faridi  |  

The monthly cost of homeownership may be more attainable than people think, according to a new report from real estate firm Zillow (Nasdaq: Z and ZG). But, it depends on where they live, the report from real estate company Zillow has revealed. According to a… Read More

September 22, 2024 @ 7:21 pm By Michael Wong  |  

HSBC has successfully tested the use of quantum-secure technology for the buying and selling of tokenised physical gold, marking a significant advancement in protecting critical financial applications from potential future quantum computing threats. This milestone is part of HSBC’s ongoing efforts to safeguard digital assets… Read More

September 22, 2024 @ 9:16 am By Omar Faridi  |  

Swift and Wise  (LSE:WISE) says they will increase cross-border payment options for financial institutions and their customers, enabling payments sent via Swift to be completed over Wise with end-to-end transparency. Financial institutions seeking to innovate their offerings “will be able to route Swift payment messages… Read More

September 22, 2024 @ 9:14 am By Omar Faridi  |  

Borderless Capital, a Web3 investment manager, has launched its third DePIN-focused fund, a $100 million fund designed to accelerate the growth and development of Decentralized Physical Infrastructure Networks (DePIN). The DePIN Fund III is backed by prominent investors, “including peaq, Solana Foundation, Jump Crypto, IoTeX,… Read More

September 22, 2024 @ 9:09 am By Omar Faridi  |  

Ahead of a “painful” Budget expected this autumn, new research from independent SME funder Bibby Financial Services (BFS) reveals that UK SMEs consider tax incentives and access to finance as two critical areas that need “to be addressed by the Government to unlock growth.” Data… Read More

September 22, 2024 @ 8:58 am By Omar Faridi  |  

A new report, released by Experian in collaboration with techUK, reveals Generative AI (GenAI) has the potential to boost annual U.K. GDP over the next ten years by up to £120 billion, but cites significant barriers “for businesses to overcome before that figure becomes a… Read More

September 22, 2024 @ 8:47 am By Omar Faridi  |  

wefox Holding AG has announced the selection of Joachim Müller as CEO with immediate effect. Mark Hartigan, who has served as both Chairman of the Board and interim CEO during the recent restructuring, will continue as Chairman of the board. Hartigan stepped into the CEO… Read More