July 1, 2024 @ 4:24 pm By Omar Faridi  |  

Although interest rates and inflation have started to trend downward, many bank customers in Canada are still feeling the economic squeeze and the majority of them express interest in receiving financial advice from their bank, according to the J.D. Power 2024 Canada Retail Banking Advice… Read More

July 1, 2024 @ 4:23 pm By Omar Faridi  |  

To comfortably afford a typical U.S. home, a home buyer making the median income needs to put down nearly $127,750, or 35.4%, a Zillow (Nasdaq: Z and ZG) analysis of the real estate market shows. Five years ago, when mortgage rates were “hovering just above… Read More

July 1, 2024 @ 12:06 pm By Omar Faridi  |  

The team at CBInsights has shared key industry insights in an update, entitled Enterprise AI Roadmap: How the AI development platform landscape has transformed, changing how buyers assess ROI, use cases. The researchers reportedly mined CB Insights data and spoke “with 50+ buyers of AI… Read More

July 1, 2024 @ 10:28 am By JD Alois  |  

Fintech has long been a hot sector of online capital formation and Currensea raising money on Seedrs is emblematic of a popular firm able to raise money quickly in a crowdfunded securities offering. According to multiple reports, Currensea has cruised past its £1 million funding… Read More

July 1, 2024 @ 9:48 am By Omar Faridi  |  

As the financial services world becomes increasingly digitized and consumer demands evolve, fraudsters and their methods are becoming more sophisticated, according to an update from Provenir. Provenir, a global firm focused on AI-powered risk decisioning software, is helping organizations fight back “by detecting these emerging… Read More

July 1, 2024 @ 9:46 am By Omar Faridi  |  

The Malta Financial Services Authority (MFSA) released its Annual Report, highlighting the stability and resilience of the Maltese financial services industry in 2023. Malta’s financial services sector is reportedly “a major player in the country’s economic success.” Between 2022 and 2023, the financial services sector… Read More

July 1, 2024 @ 9:12 am By Omar Faridi  |  

The latest Lloyds Bank Business Barometer has found that overall business confidence fell by 9 points to 41% in June. Despite falling from last month’s highs, this latest confidence reading “is consistent with levels seen during Q1 2024, before the sharp rise in May.” The… Read More

July 1, 2024 @ 9:09 am By Omar Faridi  |  

The Autorité des Marchés Financiers (AMF) has released a summary of its SPOT inspections of financial management delegation arrangements at asset management companies. During short, thematic inspections, the AMF looked “at the delegation arrangements of five asset management companies.” Delegation of financial management is “a… Read More

July 1, 2024 @ 9:08 am By Omar Faridi  |  

Mats Eklund has been announced as the new Head of Information Technology and Digitalization Department at Riksbank. The Executive Board of the Riksbank has reportedly appointed Mats Eklund new Head of the Information Technology and Digitalization Department. Mats comes most recently from “a position as… Read More

June 30, 2024 @ 10:28 pm By Omar Faridi  |  

Real-World Asset Tokenization: A Game Changer for Global Trade, a new paper released by Standard Chartered and Synpulse, predicts that demand for overall tokenized assets could reach USD 30.1 trillion by 2034, and that trade finance assets “could become one of the top three tokenized… Read More

June 30, 2024 @ 9:26 pm By Omar Faridi  |  

multifi are a lending service for SMEs, empowering innovative businesses to reach the next level of growth and cover emergencies. However, to offer the solution that SMEs were crying out for, they “needed to offer loans that were fast and easily accessible.” For that, they… Read More

June 30, 2024 @ 9:05 pm By Omar Faridi  |  

Maybank introduced the single device feature for sole proprietors where users can link up to five Maybank2u (M2U) access in the MAE app, enabling them to manage their finances in an easier and more seamless manner. This includes a combination of one individual account and… Read More

June 30, 2024 @ 8:34 pm By Omar Faridi  |  

Taiwan-based CTBC Bank has implemented the Avaloq Core Platform in order to digitally transform its private banking business. The new platform enables CTBC Bank “to offer specialized private banking products and services in Hong Kong and Singapore.” CTBC Bank is reportedly “the largest privately owned… Read More

June 30, 2024 @ 8:25 pm By Michael Wong  |  

MoneyHero Limited, a Nasdaq-listed platform for personal finance and digital insurance aggregation in Southeast Asia, has announced a strategic acquisition involving its subsidiary CompareHero. Under the terms of the agreement, CompareHero, which operates solely in Malaysia, will be acquired by Jirnexu Sdn. Bhd., the operator… Read More

June 30, 2024 @ 7:23 pm By Tony Zerucha  |  

AI-powered risk decisioning software provider Provenir believes it has the solution to more sophisticated types of fraud. Identity theft and synthetic identities will account for roughly half of all financial services fraud cases by 2025. In a global survey of financial services executives, 43% said… Read More

June 30, 2024 @ 7:00 pm By Omar Faridi  |  

While some say adoption will ruin crypto, diluting the core principles this industry was built on, Aligned CEO Roberto José Catalán is on a mission to improve the accessibility of financial tools that are easy to use and free from third-party restrictions. Aligned is described… Read More

June 30, 2024 @ 6:23 pm By Tony Zerucha  |  

TD and MPOWER Financing have collaborated to simplify the banking experience for international students pursuing higher education in Canada by offering a suite of financial resources needed to help students on their journey to Canada. As part of this collaboration, TD would be MPOWER’s preferred… Read More

June 30, 2024 @ 6:17 pm By Tony Zerucha  |  

This week, Trovata, a provider of corporate banking APIs, launched Multibank Connector, which includes what the company claims is the most extensive library of direct-to-bank APIs to power financial services worldwide. Much like data aggregation solutions contributed to the rise of fintech in consumer banking,… Read More

June 30, 2024 @ 5:15 pm By Omar Faridi  |  

Riskified (NYSE: RSKD), a firm focused on addressing fraud and leveraging risk intelligence,  wrapped its annual ecommerce summit Ascend 2024 in New York City. Ascend 2024 gathered global enterprise merchants, professionals from payments and fraud advisories, and the Riskified team to discuss the latest strategies… Read More

June 30, 2024 @ 4:27 pm By Omar Faridi  |  

Xcelerate Solutions and Socure are pleased to announce that their team has been selected as one of eight vendors by the General Services Administration (GSA) for the NextGen Login.gov Identity Proofing Blanket Purchase Agreement (BPA). GSA’s NextGen Login.gov initiative aims to “modernize how Americans access… Read More