June 8, 2024 @ 11:26 am By Omar Faridi  |  

Visa (NYSE: V) announced a significant milestone achieved by its tokenization technology, revealing that Visa tokens have generated more than $40 billion in incremental ecommerce revenue for businesses globally and saved $650 million2 in fraud in the last year. Visa also announced it has issued… Read More

June 8, 2024 @ 9:55 am By Omar Faridi  |  

For a long time, the German property industry experienced a boom, but with increasing regulation and rising cost and efficiency pressure, “the pressure on companies to innovate is increasing,” according to report from KPMG. The majority of companies have recognized the need “for more innovation,… Read More

June 8, 2024 @ 9:22 am By Omar Faridi  |  

Customers are prioritizing spending on entertainment while cutting back on home decorating, new data from UK’s NatWest Group has revealed. The latest debit card spending data from NatWest, “comprising the anonymized transactions of almost 10 million customers, shows recreation spending increased 10% (10.21%) in April… Read More

June 8, 2024 @ 9:20 am By Omar Faridi  |  

Jonathan Gurwitz, the Credit Lead at Plaid helping customers incorporate cash flow data to make smarter risk decisions, noted recently that Plaid is announcing its Consumer Report, a new solution that “brings businesses real-time, actionable cash flow data along with credit risk insights through Plaid… Read More

June 7, 2024 @ 6:56 pm By Omar Faridi  |  

10x Banking, the transformational cloud-native SaaS core banking platform has announced a new alliance with Deloitte Australia to further strengthen cooperation in delivering technology-enabled transformation to mutuals. Building on the strategic alliance recently announced with Deloitte UK and US, the move furthers the companies’ commitment… Read More

June 7, 2024 @ 5:27 pm By Omar Faridi  |  

Majid Al Futtaim, a shopping mall, communities, retail, and leisure pioneer across the MENA region, announced a new partnership with Checkout.com, a global digital payments provider. The agreement will see the 15 million plus customers “that shop Majid Al Futtaim’s online stores each month provided… Read More

June 7, 2024 @ 1:26 pm By Omar Faridi  |  

NEXT Insurance, a digital insurer transforming small business insurance, announced the availability of its Business Owner’s Policy (BOP), a comprehensive insurance solution designed with the specific needs of small businesses in mind. Building upon NEXT’s AI-powered, proprietary platform and underwriting expertise, NEXT’s BOP offering “enables… Read More

June 7, 2024 @ 1:08 pm By JD Alois  |  

The SEC’s Private Fund Advisor rule has been vacated by the courts. In August 2023, the SEC enacted the new rules, claiming they would enhance the regulation of private fund advisers by requiring annual audits, fairness and valuation opinions, and quarterly statements. SEC Chairman Gary Gensler… Read More

June 7, 2024 @ 12:45 pm By JD Alois  |  

Seedrs, part of Republic, says it enabled £13 million in the month of May. This is a significant increase compared to the month of April, when £6.5 million was funded. Seedrs separates its activity between primary offerings and secondary transactions as it marketplace for private… Read More

June 7, 2024 @ 12:23 pm By Omar Faridi  |  

Bakkt Holdings, Inc. (NYSE: BKKT) announced recently that the company has tapped Crossover Markets in order to provide technology to help power “BakktX,” which is described as its forthcoming crypto Electronic Communication Network (ECN). Ray Kamrath, Chief Commercial Officer at Bakkt said: “As institutional interest… Read More

June 7, 2024 @ 11:47 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced two new payment options, Pay in 2 and Pay in 30, to bring even greater choice and flexibility to consumers utilizing Affirm’s app and providing affordability across a wider range… Read More

June 7, 2024 @ 9:53 am By JD Alois  |  

While China is skeptical about crypto, Hong Kong is a bit different and more supportive of digital assets. Today, a Memorandum of Understanding (MoU) highlights this fact as Switzeralnd-based Crypto Valley Association (CVA) and Invest Hong Kong (InvestHK) have agreed to partner on Fintech ecosystems… Read More

June 7, 2024 @ 9:42 am By JD Alois  |  

Curve, a digital wallet that aims to challenge entrenched incumbents, has selected Nancy Yaffa as its new CEO for the United States. Based in the UK, Curve operates in 31 different markets, including the UK and European Economic Area countries. Curve’s offering allows users to… Read More

June 7, 2024 @ 9:31 am By Omar Faridi  |  

Mastercard (NYSE: MA) has announced the launch of ‘Mastercard For Fintechs’, the company’s new program designed to support fintechs across Western Europe, equipping them with the tools and expertise to drive ongoing growth and propel them to the next level. ‘Mastercard For Fintechs’ has been… Read More

June 7, 2024 @ 7:16 am By Omar Faridi  |  

A survey of payment professionals by Thunes, a global money movement innovator, and Visa, an enabler of digital payments, reveals conflicted attitudes among Europeans on cross-border payment interoperability, highlighting “the challenges firms face in integrating across multiple markets and systems.” The survey findings reveal that… Read More

June 7, 2024 @ 7:14 am By Omar Faridi  |  

London Stock Exchange Group plc (LSEG) recently announced that Pascal Boillat has been appointed as Chief Operating Officer (COO). Pascal will join the Group on 1 July 2024, reporting to David Schwimmer. Based in New York, Pascal will reportedly “lead LSEG’s global operations division supporting… Read More

June 7, 2024 @ 7:11 am By Omar Faridi  |  

Meniga, a firm focused on Personal Finance Management solutions, recently announced a partnership with Swedish bank Handelsbanken in order to enrich its customer engagement in Norway with personalized financial insights. This partnership is said to “underscore Handelsbanken’s commitment to driving innovation and redefining the customer… Read More

June 6, 2024 @ 7:57 pm By Omar Faridi  |  

Paxos International, a UAE-based affiliate of Paxos, announced the launch of a yield-bearing stablecoin – Lift Dollar (USDL). Issued by Paxos International, “a regulated entity under the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), USDL will be available to consumers in… Read More

June 6, 2024 @ 4:09 pm By Omar Faridi  |  

The Zurich-based private bank Maerki Baumann & Co. Ltd. has entered into a cooperation with Bitcoin Suisse Ltd., the Swiss provider of crypto financial services. The collaboration will allow the private bank “to utilize the proven crypto expertise of Bitcoin Suisse in managing its crypto… Read More

June 6, 2024 @ 4:08 pm By JD Alois  |  

Quarter, a platform that fractionalizes homes and provides a mortgage alternative, has listed the Quarter Launch Fund on tZERO, a broker-dealer that provides online capital formation. According to a note from tZERo, the Quarter Launch Fund aims to raise up to $147.25 million in a… Read More