August 19, 2024 @ 7:26 am By JD Alois  |  

Real estate investment platform CapitalRise is reporting a record breaking month as July originated almost £50 million in loans (£49.4 million). At the same time, CapitalRise said that it has now surpassed £400 million in total loan originations. CapitalRise is a specialist property financing provider… Read More

August 19, 2024 @ 7:17 am By Omar Faridi  |  

Preqin, the global firm focused on alternatives data and insights, recently released its Investor Outlook H2 2024 report. Their Investor Outlook report series occurs on a biannual basis and is based on surveys conducted in-house. Alternative investors’ responses provide exclusive insight “into their current sentiment… Read More

August 19, 2024 @ 7:16 am By Tony Zerucha  |  

This past week, Chaos Labs, an on-chain risk management provider, announced a $55 million Series A funding round led by Haun Ventures. The funding round attracted F-Prime Capital, Slow Ventures and Spartan Capital. They join Lightspeed Venture Partners, Galaxy Ventures, Wintermute Ventures, PayPal Ventures, General… Read More

August 19, 2024 @ 7:14 am By Omar Faridi  |  

Digital assets firm Gemini has shared a detailed analyst note, addressing the following: When Will The Pain Subside? Examining Signals After the Crypto Sell-Off? In Gemini’s previous analyst note, “Where Are We in The Crypto Cycle?” the crypto firm looked at how macro indicators could… Read More

August 19, 2024 @ 7:12 am By Omar Faridi  |  

FIS (NYSE: FIS), a global firm focused on financial technology, announced that it is unlocking the Neural Payments solution to its clients, expanding the availability of peer-to-peer (P2P) payments by leveraging the company’s global scale and NYCE debit rails to bring this capability to a… Read More

August 19, 2024 @ 4:25 am By Omar Faridi  |  

Auto insurance purchasing volume set a new record for the second consecutive quarter, according to new research from TransUnion (NYSE: TRU). The number of U.S. consumers shopping for auto insurance “was up 7%, compared to Q2 2023 (YoY).” This trend has been driven in recent… Read More

August 18, 2024 @ 11:53 pm By Omar Faridi  |  

According to the Bank of Ireland fraud data for the first half of 2024, the volume of investment fraud attempts has surged by 76% compared to the same period in 2023. Investment fraud happens when fraudsters, “posing as legitimate firms, offer consumers investment opportunities on… Read More

August 18, 2024 @ 9:54 pm By Omar Faridi  |  

ClearBank has shared embedded banking ROI insights from the Forrester Report. ClearBank has, from its inception, been focused on “providing the infrastructure that enables firms to innovate, differentiate and grow.” A core element of that vision is the Embedded Banking proposition “that offers firms the… Read More

August 18, 2024 @ 7:47 pm By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, along with the Department of Labor and Employment (DOLE) held the 2nd Financial Inclusion Forum for the Labor and Employers Sector on July 30 at the BSP’s Manila Head Office. The discussions centered… Read More

August 18, 2024 @ 6:11 pm By Tony Zerucha  |  

Small business owners are, on average, 42% overconfident in their money management, according to a new survey of more than 750 SMBs by online banking and money management platform Relay and independent research company RKI. This overconfidence score reflects a significant gap between the perception… Read More

August 18, 2024 @ 5:00 pm By Omar Faridi  |  

Moody’s and Elliptic, key players in global compliance and third-party risk management and digital asset risk management respectively, have announced a strategic alliance to revolutionize virtual asset service provider (VASP) screening through the seamless integration of on-chain blockchain data with traditional off-chain data sources. In… Read More

August 18, 2024 @ 4:56 pm By Omar Faridi  |  

NYMBUS, a provider of Fintech solutions, has secured a strategic investment from Gesa Credit Union, a $5.5B+ Washington-based financial institution serving nearly 290,000 members across the Pacific Northwest. This investment will fuel Nymbus’ ongoing mission “to help credit unions create sustainable growth in an increasingly… Read More

August 18, 2024 @ 4:52 pm By Tony Zerucha  |  

This week, Q2 Holdings, a provider of digital transformation solutions for financial services, announced the release of a new Harris Poll consumer report, The Personal Bank: Delivering personalized experiences across generations. The report reveals that consumers across generations have similar perspectives, behaviors, and preferences about banking…. Read More

August 18, 2024 @ 4:49 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in MyShell through Labs Incubation Season 6. MyShell is a decentralized AI ecosystem converging “an AI model layer that allows everyone to build, share, and own AI Apps.” MyShell was launched in April… Read More

August 18, 2024 @ 4:48 pm By Omar Faridi  |  

SigFig, a digital wealth management solutions and technology provider for financial institutions and their advisors, announced new capabilities, including AI-powered functions, to its financial advisor collaboration platform, Engage. Powering collaborative digital experiences for “the most essential aspects of financial advisor and client relationships, Engage is… Read More

August 18, 2024 @ 4:46 pm By Michael Wong  |  

Artificial intelligence startup Rebellions has merged with Sapeon Korea, a subsidiary of SK Telecom in a move to challenge the dominance of Nvidia in the global AI chip market. Rebellions, a fabless chip designer, brings a valuation of approximately 900 billion won ($664 million) to… Read More

August 18, 2024 @ 7:11 am By Tony Zerucha  |  

Fears of a bursting AI bubble are overblown, deVere Group founder and CEO Nigel Green believes. Speculation grew following last week’s market turbulence, but Green feels that is premature. “Fear mongers are pointing to the sharp declines in the stock prices of leading AI companies… Read More

August 18, 2024 @ 3:46 am By Michael Wong  |  

The Monetary Authority of Singapore (MAS), in collaboration with major banks DBS, HSBC, OCBC, UOB, and tech firms SPTel and SpeQtral, have initiated a significant move towards enhancing cybersecurity in the financial sector with the signing of a Memorandum of Understanding (MoU). This agreement sets… Read More

August 17, 2024 @ 3:08 pm By Omar Faridi  |  

Zip (ASX: ZIP), a digital financial services company offering innovative, people-centered products, announced its integration as a payment method for U.S. merchants using Stripe. With the new integration, eligible merchants can easily enable Zip as “a payment method with a single click, which can help… Read More

August 17, 2024 @ 3:06 pm By Omar Faridi  |  

PayQuicker, an enabler of global payouts orchestration, announced a collaboration with Thunes, a global money movement innovator, to expand its e-Wallet payout capabilities worldwide. The collaboration aims to address the increasing demand “for more diverse, and flexible payout methods, especially in emerging markets where e-Wallets… Read More