October 16, 2024 @ 7:30 am By Omar Faridi  |  

Klarna is reporting a growth milestone in its company history: more than 100,000 retail partners were added since the month of August 2023, expanding its total network to 600,000+ merchants. Merchants—large and small—are now reportedly choosing Klarna because the network creates a good customer experience… Read More

October 16, 2024 @ 7:27 am By Omar Faridi  |  

The European Securities and Markets Authority (ESMA) noted that the DLT Pilot Regime has started applying in the European Union (EU) as of 23 March 2023. ESMA explained in an update that it provides the legal framework for trading and settlement of transactions in crypto-assets… Read More

October 16, 2024 @ 7:26 am By Omar Faridi  |  

Former FDIC Chair Sheila Bair, Vice Chairman of Partners Capital and former CENTRE Consortium CEO David Puth, and Ripple Executive Chair Chris Larsen have reportedly joined the RLUSD Advisory Board. Ripple, the provider of digital asset infrastructure for financial institutions, announced its exchange partners and… Read More

October 16, 2024 @ 7:25 am By Omar Faridi  |  

Axyon AI, an Italian AI fintech firm which enhances asset manager performance by delivering alpha opportunities via AI-based rankings and AI model strategies, has reportedly closed a further € 2.1 million in funding. This latest investment round had the participation of the US-based venture capital… Read More

October 16, 2024 @ 7:19 am By Omar Faridi  |  

Zopa Bank has reportedly teamed up with John Lewis Money, the financial services arm of John Lewis Partnership, in order to provide personal loans to its 23 million customers. The partnership will see Zopa embed in the John Lewis Money website its personal loan product,… Read More

October 15, 2024 @ 10:02 pm By Omar Faridi  |  

Sarwa reportedly offers options trading to their customers, becoming one of the “first” fintech platforms in the Middle East to do so. Sarwa and Alpaca’s partnership has grown since 2021, and they are pleased to acknowledge Sarwa’s efforts and progress on achieving this first-to-market milestone…. Read More

October 15, 2024 @ 9:30 pm By Omar Faridi  |  

Crypto.com and BENEFIT, the company that’s focused on FinTech and electronic financial transactions services in Bahrain, have recently announced they will begin discussions on combining their expertise and help expand the digital assets and fintech ecosystem in Bahrain. The companies signed an MOU at the… Read More

October 15, 2024 @ 6:16 pm By Tony Zerucha  |  

Several factors will impact Bitcoin prices, YouHodler markets chief Ruslan Lienkha believes. Lienkha said Bitcoin prices remain in a consolidation and corrective phase following the strong growth seen earlier this year. The weekly chart remains optimistic, showing a bullish flag pattern, often indicating an upward… Read More

October 15, 2024 @ 6:03 pm By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) recently shared an update on smaller firms and their concerns regarding policies that impact these businesses. The SBE Council reports that smaller firms are worried about the looming expiration of the Tax Cuts and Jobs Act (TCJA)… Read More

October 15, 2024 @ 5:40 pm By Omar Faridi  |  

The European generative AI market is growing steadily, providing considerable opportunities, however, firms need to still overcome key challenges to ensure people feel comfortable with the tech. This, according to an update from Deloitte. Trust, which is considered to be a cornerstone of “widespread” acceptance,… Read More

October 15, 2024 @ 5:31 pm By Omar Faridi  |  

This latest collaboration is reportedly designed to streamline the security token issuance process, thus offering issuers as well as investors with an efficient and secure experience. As noted in a blog post, Regtech company Sumsub is pleased to announce a strategic collaboration with Polymath, which… Read More

October 15, 2024 @ 11:40 am By Omar Faridi  |  

Cedric Iggiotti, VP Product, Screening at ThetaRay noted recently that in an era where financial institutions face growing pressure from regulators, Starling Bank’s enforcement action by the UK’s Financial Conduct Authority (FCA) serves as an important reminder: a robust compliance framework isn’t just a regulatory… Read More

October 15, 2024 @ 11:34 am By JD Alois  |  

Yesterday during the UK International Investment Summit, the government announced multiple new investments as well as new initiatives. The British Business Bank, a public-private vehicle designed to support UK firms, commented on some of the announcements. Louis Taylor, CEO of the British Business Bank, said… Read More

October 15, 2024 @ 10:18 am By JD Alois  |  

Late last month, Senator Tim Scott, the ranking Member of the Senate Banking Committee, introduced new legislation that aims to support smaller businesses and entrepreneurs while providing smaller investors with access to more opportunities. The Empowering Main Street in America Act of 2024 seeks to improve access… Read More

October 15, 2024 @ 9:11 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has fined TSB Bank plc (TSB) £10.9 million over the “treatment” of customers in financial difficulty. The FCA leveled the penalty on the bank for allegedly failing to ensure customers in arrears were “treated fairly.” The FCA further noted that… Read More

October 15, 2024 @ 9:04 am By Omar Faridi  |  

Kaspersky’s Digital Footprint Intelligence (DFI) team has released a report that is shedding light on the most pervasive cyberthreats facing organizations in the Middle East. The Kaspersky cybersecurity team has recently delved “deep into the dark web” – exploring everything from cybercriminal forums to shadow… Read More

October 15, 2024 @ 8:56 am By JD Alois  |  

Goldman Sachs (NYSE:GS) delivered solid results this morning, and the shares are responding in early trading. For Q3, Goldman reported top-line revenue of $12.7 billion and net income of $2.99 billion. For the nine-month period, Goldman announced revenue of $39.64 billion and net income of… Read More

October 15, 2024 @ 8:33 am By Omar Faridi  |  

France’s crypto hardware wallet maker Ledger says that it is sharply focused on maintaining a high level of security and privacy. Since launching the Ledger Live companion app, the French digital currency hardware wallet maker has continued to work on further improving the user experience… Read More

October 15, 2024 @ 8:25 am By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a “one-stop shop” for digital financial services that helps members borrow, save, spend, invest and protect their money, announced a $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group LLC. The… Read More

October 15, 2024 @ 8:23 am By Omar Faridi  |  

Bondora Group has shared their latest platform stats for the month of September 2024. Since 9 September, 2024, Bondora notes in a blog post that you can earn as much as 6.75% p.a. on your entire Go & Grow portfolio, along with any extra amount… Read More