July 17, 2024 @ 8:21 am By Omar Faridi  |  

UK Finance has recently cautioned consumers about the prevalence of holiday scams as criminals try to trick people this summer. UK Finance notes that as summer approaches and we look for opportunities to take a break away in the sun, UK Finance’s Take Five to… Read More

July 17, 2024 @ 8:12 am By Omar Faridi  |  

Eight out of 14 UK sectors saw output grow in June, according to latest data from the Lloyds Bank UK Sector Tracker. While this was three fewer than in May (11), when the Tracker reported “a 15-month high when the economy moved back into growth… Read More

July 17, 2024 @ 7:59 am By Omar Faridi  |  

Social media may be inspiring a new generation of savvy savers and fiscally responsible young adults, with 74% of Gen Z participating in social media-driven challenges to boost their overall savings, as revealed in the latest NatWest Savings Index. In comparison to other age groups,… Read More

July 17, 2024 @ 7:55 am By Omar Faridi  |  

The three European Supervisory Authorities (EBA, EIOPA, and ESMA – the ESAs) published a consultation paper on Guidelines under Markets in Crypto-assets Regulation (MiCAR), establishing templates “for explanations and legal opinions regarding the classification of crypto-assets along with a standardized test to foster a common… Read More

July 17, 2024 @ 7:51 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced the launch of Buildings and Contents insurance in the United Kingdom. Expanding the company’s home insurance offerings, homeowners throughout the UK can now purchase “extensive coverage for their home and… Read More

July 17, 2024 @ 7:45 am By Omar Faridi  |  

UK’s Monument Bank is pleased to announce that they have reached £3 billion in client deposits this morning, which is £1 billion more than just over ten weeks ago. Monument Bank claims that Q3 2024 is now “off to a fantastic start.” They further noted… Read More

July 16, 2024 @ 11:08 pm By Omar Faridi  |  

ADGM’s commitment to transparency, accountability and market integrity has been “strongly reflected” through its coordinated efforts to sustain these pillars. ADGM, the international financial centre of the UAE’s capital, has announced the publication of its whistleblowing framework, “a coordinated initiative between ADGM Authorities to sustain… Read More

July 16, 2024 @ 8:30 pm By JD Alois  |  

  On June 30, 2024, the Markets in Crypto-Assets (MiCA) regime went into effect in the EU. MiCA regulates non-security digital assets, including stablecoins. The EU legislation aims to create an environment where digital asset innovation may take place while providing a compliant ecosystem to… Read More

July 16, 2024 @ 7:20 pm By JD Alois  |  

Faes & Co. has announced a partnership with UK investment manager Triple Point. The company reports that Triple Point holds more than $4.7 billion in funds under management. The arrangement will see Triple Point provide Faes & Co. with funding to support its lending activities… Read More

July 16, 2024 @ 7:07 pm By JD Alois  |  

Banking platform Temenos (SIX: TEMN) is partnering with Visa to integrate Visa Direct, a Visa money movement solution. The service will be integrated within the Temenos Payments Hub and made available to banks via Temenos Exchange. Last month, Temenos announced the addition of Mastercard Move… Read More

July 16, 2024 @ 6:06 pm By Omar Faridi  |  

Acorns, the savings and investing app for everyday Americans, has announced a key product update. In a note shared with CI, Acorns mentioned that Later Match is “a recently launched feature that offers a 3% and 1% IRA match on new contributions for people using… Read More

July 16, 2024 @ 6:05 pm By Omar Faridi  |  

When it comes to finding, analyzing and acting on their company’s financial information, corporate finance departments, treasurers and chief financial officers (CFOs) expect the same ease and convenience they enjoy while managing their personal finances. That is reportedly why Bank of America (NYSE: BAC) is… Read More

July 16, 2024 @ 3:40 pm By JD Alois  |  

The House Financial Services Committee has scheduled a hearing entitled “AI Innovation Explored: Insights into AI Applications in Financial Services and Housing.” The hearing, which is for the full committee, will take place on Tuesday, July 23rd. The Hearing may reflect the recent position paper… Read More

July 16, 2024 @ 11:51 am By JD Alois  |  

Douglas Grant, Managing Director at Conister Bank, says the new Labour government must incentivize investors to support UK SMEs. The UK already has several programs in place to provide significant tax incentives to support early-stage and private firms. These include the popular EIS/SEIS program and… Read More

July 16, 2024 @ 11:14 am By JD Alois  |  

Dopay, a Fintech providing banking to unbanked and underbanked individuals, is reporting raising $13.5 million in a Series A extension funding. The Series A extension funding was led by Argentem Creek Partners with participation from existing investors. Dopay states this tops up a prior $18… Read More

July 16, 2024 @ 11:00 am By JD Alois  |  

Mira, a decentralized infrastructure platform focused on artificial intelligence (AI), is reporting receiving $9 million in seed funding. According to a release, BITKRAFT Ventures and Framework Ventures led the funding round. Other investors include Accel, Crucible, Folius Ventures, Mechanism Capital, SALT Fund, and angel investors…. Read More

July 16, 2024 @ 8:54 am By JD Alois  |  

Following its rebranding from Seedrs to Republic Europe, the online investment platform is reporting that it generated more than over £24.5 million in activity in June. The above number incorporates primary offerings, secondary trading, funds as well as private deal rooms which typically involve more… Read More

July 16, 2024 @ 8:22 am By Omar Faridi  |  

Talos, a provider of institutional technology for trading digital assets, announced the establishment of its new European entity in the Netherlands. This marks a significant growth milestone for Talos’s global footprint and “underscores its commitment to enhancing its services for clients in the EU region.”… Read More

July 16, 2024 @ 8:21 am By Omar Faridi  |  

As we arrive at the midpoint of 2024, the team at Klarpay is providing an update to their clients and partners on the Fintech firm’s milestones and achievements in the first half of the year. Klarpay has been active on the global stage, “participating in… Read More

July 16, 2024 @ 8:20 am By Omar Faridi  |  

HeavyFinance recently shared its latest platform performance review. HeavyFinance reveals in its comprehensive update that June proved to be “a dynamic month for their investor community, with €1.16M allocated across 36 agricultural projects on the HeavyFinance platform.” By the close of June 2024, the total… Read More