Tagged: financial services

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

June 28, 2024 @ 12:32 pm By Omar Faridi  |  

On 2024 International MSME Day, Ant International, a digital payment and financial services provider, shares that it supports almost 100 million Micro, Small, and Medium-sized Enterprises (MSMEs) worldwide across its businesses and partner programs; and reinforces its commitments towards MSME digitalization and inclusion through the… Read More

June 27, 2024 @ 6:45 pm By Omar Faridi  |  

Tabby, the MENA region’s shopping and financial services app, conducted an in-depth analysis of their shoppers’ buying habits to determine the primary uses of BNPL. The research, based on a survey of 2,500 Tabby shoppers, “revealed that the majority use BNPL for essential purchases rather… Read More

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

As Canada continues to welcome significant numbers of immigrants this year, Royal Bank of Canada (RBC) is committed to being their bank of choice by creating tools and resources designed to improve newcomer arrival experiences. RBC is announcing the launch of Global Credit Connect with… Read More

June 23, 2024 @ 11:48 am By Omar Faridi  |  

Amid increasing positive sentiment about the business climate1, Airwallex has launched its ‘Airwallex for Startups’ program in Singapore to further empower the city-state’s community of over 55,000 startups. The program aims to empower startups “to grow and scale their businesses, offering them tips and tools… Read More

June 23, 2024 @ 7:51 am By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a firm focused on cloud banking for the global financial services industry, made generally available its new artificial intelligence (AI) solution, Banking Advisor. nCino’s Banking Advisor is said to be “a banker-focused, conversational co-pilot tool that provides financial institutions a modern… Read More

June 17, 2024 @ 8:29 pm By Omar Faridi  |  

Depowise, an Estonian-founded oversight and process automation startup for financial services firms, is expanding into the United Kingdom and Ireland. The company aims to “increase its current 5% market share tenfold in the domiciled funds market of Luxembourg, Ireland, and the UK, valued at more… Read More

June 17, 2024 @ 10:26 am By Omar Faridi  |  

Laura Bayley, Head Clearing Services, SIX, has been appointed as new SWIFT Board Member, the world’s provider of secure financial messaging services. SWIFT’s Board composition is designed to “ensure SWIFT‘s global relevance, support its international reach and uphold its strict neutrality.” Laura Bayley is Head… Read More

June 13, 2024 @ 1:12 pm By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, announced the launch of FICC’s interactive, public-facing Capped Contingency Liquidity Facility (CCLF) Calculator. With the expansion of central clearing in U.S. Treasuries “on the horizon and given the size of transactions in the U.S…. Read More

June 12, 2024 @ 4:11 am By Omar Faridi  |  

Genesis Global announced bold new initiatives to make it easier and faster for financial markets firms to address their most pressing, strategic and innovative software opportunities with the Genesis Application Platform. Facilitated by Version 8 of the Genesis platform (G8), released recently, the new initiatives… 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 5, 2024 @ 10:53 pm By Omar Faridi  |  

bunq, which claims to be the second largest neobank in Europe, has partnered with Mastercard to offer its 12.5 million users across Europe a complete overview of their finances. This is achieved by leveraging Mastercard’s Open Banking platform, “which allows users to add accounts from… Read More

June 4, 2024 @ 2:55 pm By Omar Faridi  |  

Founded by Nick Perrett of digital bank Tandem, Ricky Knox of Tandem and Azimo, and Phil Bungey of Nutmeg, new WealthTech platform Prosper is offering an alternative to how people save and invest. Where other FinTechs have transformed payments, currency exchange and banking, Prosper is… 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 2, 2024 @ 1:49 pm By Omar Faridi  |  

In an increasingly globalized economic and financial landscape, companies are adopting innovative measures to improve their operations: increasing their speed and reducing costs. This, according to a comprehensive report from Bitso. In this context, Bitso explains that the use of the crypto ecosystem and blockchain… Read More

June 1, 2024 @ 8:17 pm By Omar Faridi  |  

UK Finance has recently released its financial services manifesto, outlining key priorities the next government should focus on. David Postings, Chief Executive of UK Finance, said: “The UK’s financial services sector is a global success story and one any future government should seek to partner… Read More

May 28, 2024 @ 12:18 pm By Omar Faridi  |  

UnaFinancial, the parent company of the Robocash investment platform, announced an upcoming release of the audited special purpose consolidated financial statements for the year ended December 31, 2023. The financial statements have been prepared in “accordance with the International Financial Reporting Standards (IFRS) and audited… Read More

May 27, 2024 @ 10:02 pm By Omar Faridi  |  

Mass Fintech Hub, a public-private partnership dedicated to making the state a global leader in Fintech, announced the Mass Bankers Association, a multi-faceted banking trade group representing over 120 banks, as its newest member. With this addition, the collaborative has “welcomed nearly 55 member organizations… Read More