June 4, 2024 @ 6:53 am By Omar Faridi  |  

The UK’s Payment Systems Regulator (PSR) has announced recently that David Geale has been appointed Interim Managing Director of the PSR with effect from 10 June. The interim appointment will be for a period of nine months. David joins the PSR from the FCA where… Read More

June 4, 2024 @ 12:08 am By Omar Faridi  |  

PeerBerry’s portfolio grew to €113.12 million last month (from €110.59 million at the end of April) further ensuring our investors a higher invested amount. As expected, the loan supply on the platform “was higher in May than in April.” PeerBerry investors have reportedly “funded €49.13… Read More

June 3, 2024 @ 11:57 pm By Omar Faridi  |  

Robinhood Crypto customers in the United States can now use their API to view crypto market data, manage portfolios and account information, and place crypto orders programmatically. Robinhood Markets (NASDAQ: HOOD) is pleased to announce the Robinhood Crypto trading API, ushering in a new era… Read More

June 3, 2024 @ 11:41 pm By Omar Faridi  |  

Singapore recently released the Environmental Crimes Money Laundering (ML) National Risk Assessment (NRA) which identifies the key threats and vulnerabilities in environmental crimes ML that Singapore “is exposed to, and outlines mitigation measures which government agencies, financial institutions (FIs) and Designated Non-Financial Businesses and Professionals… Read More

June 3, 2024 @ 11:27 pm By Omar Faridi  |  

Uppsala Security, a provider of tools and services for crypto AML/CTF, transaction risk management, regulatory compliance, transaction tracking, and cybersecurity, announced a partnership with AhnLab Blockchain Company. Signed on April 30, 2024, the MoU focuses “on cooperation in next-generation virtual asset anti-money laundering (AML) security… Read More

June 3, 2024 @ 4:16 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) is launching a new public directory to detect repeat offenders. The agency notes that while many financial services firms are widely known, and thus any alleged transgressions are reported, there are many firms that do not hit the public… Read More

June 3, 2024 @ 4:09 pm By Omar Faridi  |  

The EY Future Consumer Index (FCI), a global study surveying 23,000 consumers across 30 countries, including 1,500 in the US, indicated that US consumers are optimistic “about the future, with 77% of consumers noting that they think their lives are the same or better now… Read More

June 3, 2024 @ 4:07 pm By Omar Faridi  |  

Relay, the business banking platform that gives cash flow clarity to small businesses (SMBs), announced the close of a US$32.2 million Series B financing round, led by Bain Capital Ventures. This brings Relay’s total funding to US$51.6 million. The new financing accelerates Relay’s product development… Read More

June 3, 2024 @ 3:45 pm By JD Alois  |  

Cyabra, a proactive artificial intelligence solution designed to sniff out fake news and other bogus information, such as fake profiles, has posted a report on the forthcoming Presidential election and the activity of fake campaigns targeting the Biden and Trump campaigns. According to the report,… Read More

June 3, 2024 @ 3:12 pm By Omar Faridi  |  

Lower inflation and expectations of interest-rate cuts on global financial markets have helped loosen financial conditions, which has reduced near-term risks, according to an update from Sweden’s Riksbank. However, Riksbank points out that there “is considerable uncertainty, and if policy rates remain high for a… Read More

June 3, 2024 @ 11:45 am By Omar Faridi  |  

The term ‘Unicorn’ was first introduced in 2013, as a way to signify the statistical rarity of high-performing startups. Unicorn status today is much more than a financial milestone of around $1 billion; for startups, it’s a recognition of their organization’s disruptive capabilities, unique solutions,… Read More

June 3, 2024 @ 11:11 am By JD Alois  |  

Insurtech Cover Whale Insurance Solutions, Inc. has hired Rachael Dugan as its first General Counsel & Corporate Secretary. The company states that Dugan will lead all legal, compliance, corporate governance and regulatory affairs matters for the company and report directly to CEO Dan Abrahamsen. She… Read More

June 3, 2024 @ 9:04 am By Omar Faridi  |  

The Bank of London has announced a strategic partnership with payments specialists, allpay Limited, to simplify and expedite payments for everyone, whether they have a bank account or not, through easily manageable prepaid cards. As part of the multi-year strategic partnership, the two companies “will… Read More

June 3, 2024 @ 8:58 am By Omar Faridi  |  

Alchemy Pay, the crypto payment solutions provider, now enables users to purchase physical-digital blended fashion collections on the Another-1 platform, a Web3 phygital fashion platform built on Polygon, using its NFT Checkout solution. With this integration, users who seek to mint and “acquire phygital assets… Read More

June 3, 2024 @ 8:57 am By Omar Faridi  |  

N26, Europe’s digital bank, says that it welcomes the latest decision from the Federal Financial Supervisory Authority (BaFin) in Germany, which will see the complete lift of the growth restriction for N26 from June 1, 2024. To date, the company has been able “to take… Read More

June 3, 2024 @ 8:56 am By Omar Faridi  |  

Semler Scientific, Inc. (Nasdaq: SMLR), a firm focused on developing and marketing technology products and services to healthcare providers to combat chronic diseases, announced today that its board of directors has adopted bitcoin as its primary treasury reserve asset. In addition, Semler Scientific announced that… Read More

June 3, 2024 @ 8:52 am By Omar Faridi  |  

The European Central Bank (ECB) has released the latest results / findings from the consumer expectations survey results, covering the April 2024 period. When compared with March 2024, the ECB update reveals: median consumer inflation perceptions over the previous 12 months were unchanged, while median… Read More

June 3, 2024 @ 6:45 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, reported its Q1 2024 financial results, revealing another profitable quarter and continued growth outpacing ecommerce. Sebastian Siemiatkowski, CEO of Klarna, said: “Klarna continues its acceleration with 29% revenue growth year on year, coupled with the power… Read More

June 3, 2024 @ 6:44 am By Omar Faridi  |  

Richard Andrews, KPMG’s head of ESG for financial services, has recently commented on the UK Financial Conduct Authority’s (FCA) anti-greenwashing rules (AGR), which come into force recently. Andrews noted: “While we expect the FCA to take a pragmatic approach and give authorised firms some leeway… Read More

June 3, 2024 @ 6:42 am By Omar Faridi  |  

Talos, the provider of institutional trading technology for digital assets, announced the acquisition of Skolem, a technology provider that enables institutional investors to access decentralized finance (DeFi) markets safely and effectively. The acquisition of Skolem will enhance Talos’s existing platforms “by enabling clients to incorporate… Read More