April 29, 2022

https://ift.tt/wlYSF16 London-based RegTech startup ALT/AVE has today announced three major appointments to its Advisory Board and a funding boost of more than half a million pounds. Joining ALT/AVE CEO and founder Chris Ansara and Chair Phil Shelley on the newly created advisory board, to help guide the company through the next stage of its rapid

https://ift.tt/GqcWLat Source: Penfold Penfold, the digital pensions platform, today announces the launch of its workplace pension and has already signed over 100 UK businesses and over 5,000 workplace members, bringing their total membership up to 45,000 savers. Of the 5,000 users currently benefitting from Penfold’s workplace pensions platform, 40% have found and transferred old pension

https://ift.tt/IliKF3L Mastercard was announced today as the preferred open banking provider for Bonifii’s participating credit unions to access consumer-permissioned bank data to inform underwriting for different loan types across mortgage, auto, personal and small business. Financial institutions are facing growing pressure to be ‘digital ready’ or ‘digital by default’ due to the shifting desires of

https://ift.tt/gN47uvC Australia’s most connected account opening platform provider, LAB Group (“LAB” or “the Company”), is pleased to announce that it has partnered with Complii FinTech Solutions Ltd (ASX: CF1) (“Complii”) to streamline digital onboarding for Complii’s clients. Complii is an innovative ASX-listed fintech group which specialises in SaaS-based technology that digitises compliance, capital raising and

https://ift.tt/GMAcKlJ BNY Mellon, one of the largest cheque processors in the US, is spearheading efforts to reduce cheque-based payments, through a series of digital innovations and financial benefits. To support its US clients’ transition from paper to electronic transactions, the bank is exploring the use of carbon-tracking tools, which disclose the environmental cost of their

https://ift.tt/rZyW2FM Zai, the global financial technology company delivering embedded finance orchestration solutions, today announced the launch of its CurrencyFair personal money transfer service in all 50 states in the USA. Consumers in the USA can now use CurrencyFair to exchange and transfer money internationally with rates eight times cheaper than traditional banks, without delay and

https://ift.tt/jHW7MpE Security guards wear protective clothing as office workers queue for Covid-19 nucleic acid tests at a makeshift testing site on April 28, 2022 in Beijing, China. Kevin Frayer/Getty Images It’s both the most tantalizing and persistent question in global economics: Is China cooking the gross domestic product books? Admittedly, it’s been asked myriad times

https://ift.tt/jkRaEJ9 Open Banking is set to receive its first ‘school report’ from the European Commission this year, setting out how the second Payment Services Directive (PSD2) is performing, along with consideration of progress being made toward Open Finance. In October 2021, the European Commission requested advice from the European Banking Authority (EBA) on a number

https://ift.tt/kxOh4Zm Source: Plaid Plaid, a global open finance data network and payments platform, is today announcing an expansion of its Payment Partner Ecosystem to include three new European partnerships – Primer, UniPaas and NoFrixion. As a result, more vendors and merchants can leverage open banking in order to improve operations and lower costs. Through these

https://ift.tt/b4Mh8sv Tighter financial conditions will challenge the flurry of new unicorns in the country Financial Services

https://ift.tt/NT25Y91 If there’s one sure-fire rule in business, it’s that for-profit organizations need to be, well, profitable. Fintechs too. But do they really? Here’s my take on earning money in the fintech domain and when it’s ok not to.  How pockets of growth get …empty   This year’s Frankfurt Digital Finance inspired me to look closer

https://ift.tt/CUqeMQ3 Group of Diverse Colourful Hands Raised with Symbols getty Assets managed by diverse-owned firms have only increased by a tenth of a percentage point to 1.4% of the $82.2 trillion US asset management industry since 2011 despite extensive investor commitments to increase the diversity of their investment portfolios. Clear research on the performance, risk

https://ift.tt/aKURm4h Friday:• At 8:30 AM ET: Personal Income and Outlays, March 2021. The consensus is for a 0.4% increase in personal income, and for a 0.6% increase in personal spending. And for the Core PCE price index to increase 0.3%.  PCE prices are expected to be up 6.4% YoY, and core PCE prices up 5.3%