October 11, 2022

https://ift.tt/n8aGxdh Source: FSB The Financial Stability Board (FSB) today published a proposed framework for the international regulation of crypto-asset activities. The core components of this framework are proposals for recommendations that promote the consistency and comprehensiveness of regulatory, supervisory and oversight approaches to crypto-asset activities and markets and strengthen international cooperation, coordination and information sharing;

https://ift.tt/5GpY3Kz Today, the Payment Systems Regulator (PSR) has confirmed its plans that will see around 400 more financial firms provide the name checking service, Confirmation of Payee (CoP). CoP is an essential fraud protection measure. Today’s direction will see nearly all transactions made via Faster Payments (FPS) and CHAPS covered by CoP by October 2024.

https://ift.tt/gmq9BJG Questioned as to whether banks’ history of failing to innovate is what paved the way for challengers to flourish, Anne Boden, founder and CEO of Starling Bank, explained to the Sibos audience that while big banks struggled to transform their platforms for years, a slew of neobanks emerged with convincing value propositions. The arrival

https://ift.tt/152VcEX BNY Mellon, the world’s largest custodian and America’s oldest bank, has rolled out a digital custody platform for safeguarding client holdings in ether and bitcoin alongside traditional financial assets. BNY Mellon formed an enterprise Digital Assets Unit in 2021 to develop solutions for digital asset technology, with plans to launch the industry’s first multi-asset

https://ift.tt/v1aLmeR WASHINGTON, DC – AUGUST 25: George Washington University student Tuana Gitonga and other student … [+] loan debt activists rally outside the White House a day after President Biden announced a plan that would cancel $10,000 in student loan debt for those making less than $125,000 a year in Washington, DC, on August 25,

https://ift.tt/8etYNU9 Businessman trading online stock market on teblet screen, digital investment concept getty Wall Street analysts are too bullish on third quarter earnings expectations for most S&P 500 companies. Although down from record highs set in recent quarters, the percent of S&P 500 companies whose Street EPS exceed my Core EPS remains high at 68%.

https://ift.tt/sHjxDcg Source: Channel Capital Channel Capital Advisors LLP (Channel) is pleased to announce the launch of its specialist Fintech Lending Strategy, with commitments from global institutional investors. The first $100m tranche of the $300m strategy will be deployed immediately to leading fintech lenders. Channel’s fund will be deployed to digital lending fintech platforms that require

https://ift.tt/QgaI64d Key Takeaways Some analysts are putting the probability of a global recession as high as 98.1%. There are a number of factors pushing the economy this way, including a strong US dollar, the Fed’s interest rate hikes and companies looking to cut costs. The faltering economy is likely to have an impact on the

https://ift.tt/XceqCHE Cannabis stocks have generally lost more than half their value this year, and Joe Biden’s pardons last week didn’t provide much sustained relief. Getty Images Cannabis stocks have come down from a spike after President Joe Biden’s surprise announcement last Thursday that he’s pardoning everyone convicted of simple marijuana possession under federal law, but

https://ift.tt/I0BNMoL Spreedly announced today that it has expanded the organization’s support offerings for customers. The organization has now established a global support infrastructure which includes resources deployed across the Americas, EMEA, and APAC, as well as offering customers 24x7x365 global support. This expansion of Spreedly’s operations will help the company provide the right support at

https://ift.tt/drwWgGu Mosaic Smart Data (Mosaic), the real-time capital markets data analytics company, has enhanced its next generation data analytics platform to support a wide range of credit instruments, such as corporate and high yield bonds, alongside its existing rates and FX offering. This new credit addition is currently being used by SMBC Nikko Capital Markets

https://ift.tt/ytIosDq Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women’s World Banking. The new investors add to the diversity of Tugende’s shareholding and complement the experience and skills that each contribute to

https://ift.tt/Uax2nLc Today, at Stellar’s 4th annual Meridian conference, Wirex, a leading payments platform, announced the launch of USD Coin (USDC) on the Stellar blockchain within the Wirex app. In addition to expanding access to Stellar-based digital assets, this announcement is an important milestone in an ongoing collaboration between Wirex and the development of the Stellar

https://ift.tt/u6N9jwM Source: Google Today, Google Cloud and Coinbase announced a new, long-term strategic partnership to better serve the growing Web3 ecosystem and its developers. The collaboration will involve Coinbase selecting Google Cloud as a strategic cloud provider to build advanced exchange and data services. Coinbase will use Google Cloud’s powerful compute platform to process blockchain

https://ift.tt/h0KbpNB Financial wellbeing platform Blackbullion has today announced a £2.5m investment round to accelerate financial wellbeing for students. The new funding round will scale the platform’s growth, driving Blackbullion’s mission to simplify the complex world of finance for young people, while connecting them with scholarships and additional funds while they study. The oversubscribed round was

https://ift.tt/2AjHJE0 The week of World Mental Health Day, Feedzai, the world’s first RiskOps platform for financial risk management, announces the implementation of its new mental health and menstruation leave benefit, allowing all employees one (1) day off, per month and without a salary impact, for self-care when experiencing physical, mental health, menstruation, or menopause related

https://ift.tt/4snaGd5 To provide financial advisors with an innovative holistic view into all aspects of an investor’s financial journey, global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE: BR), today announced a strategic partnership with open finance leader MX to utilize the company’s financial data aggregation and personalized financial management automation solutions. This is another example of

https://ift.tt/WD9SVUL With the pandemic, there was a surge in 2nd home buying. I’m looking at data for some second home markets – and I’m tracking those markets to see if there is an impact from lending changes, rising mortgage rates or the easing of the pandemic. This graph is for South Lake Tahoe since 2004

https://ift.tt/g5Fsk0U | Getty Images Key takeaways On average, housing prices are dropping, nationally. Housing markets that are cooling the most are concentrated on the West Coast. Rising interest rates and economic uncertainty are among the chief factors pushing home prices down. The housing market has been cruising up a one way street for some time.

https://ift.tt/GkojrE7 As American votes on November 8, 2022. What’s the expected market impact? Researchers have found a … [+] surprising effect. (Photo by Frederic J. BROWN / AFP) (Photo credit should read FREDERIC J. BROWN/AFP via Getty Images) AFP via Getty Images American heads to the polls in under a month on November 8 2022

https://ift.tt/rSb7J1j Source: Kyndryl Deutsche Bank (NYSE: DB) and Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, today announced a new agreement under which the bank will extend one of the largest and longest running vendor contracts in the financial industry. Kyndryl will continue to run Deutsche Bank’s Continental European core banking and mission

https://ift.tt/ocYe7f4 Two Electric Shovels On A Road in Copper Mine Escondida, Chile. (Photo by Oliver Llaneza … [+] Hesse/Construction Photography/Avalon/Getty Images) Getty Images Shares in Ferrexpo slumped 9% on Tuesday as it announced news of production disruptions following Russian missile strikes in Ukraine. Ferrexpo — which is the world’s third-largest exporter of iron ore pellets

https://ift.tt/2hIEcJU Source: Coinbase We are excited to announce that we have received our In-Principle Approval (IPA) as a Major Payments Institution licence holder from the Monetary Authority of Singapore (MAS). This licencewill allow us to offer regulated Digital Payment Token products and services in the island state. We are also excited to confirm that our

https://ift.tt/EPY2e8s The Financial Conduct Authority (FCA) has set additional expectations for banks that are considering branch or ATM closures. The guidance, which already expects banks to carry out thorough checks on the impact permanent closures will have on customers, has now been extended to cover partial closures and demands that banks make alternative provisions for

https://ift.tt/uKr2P1Z Source: CUBE CUBE Global (“CUBE”), a global leader in Automated Regulatory Intelligence (“ARI”), today announced a strategic growth investment from Bregal Milestone (“Milestone”), a leading technology growth capital firm with c. €1.2 billion of capital raised dedicated to investments in high-growth, market defining technology companies. The investment marks the first institutional capital investment for

https://ift.tt/ZiQGqzX Source: SurePay Railsr, the leading global embedded finance experience platform, has selected SurePay as its UK Faster Payments (UKFP) Confirmation of Payee (CoP) vendor to help its customers combat fraud and misdirected payments in the UK. With SurePay, Railsr can now take the next step in putting customer payment safety first when it comes

https://ift.tt/u9Rgl7t Source: ComplyAdvantage Resistant AI, the AI and machine learning financial crime prevention specialists, and ComplyAdvantage, the financial industry’s leading source of AI-driven financial crime risk data and detection technology, today announced the general availability of their solution for fighting financial crime across the U.S. and Europe. Financial crime is a multi-trillion-dollar problem. According to

https://ift.tt/cOVYhFa Source: SmartStream SmartStream, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announces the launch of TLM Aurora Advanced Account Control, enabling clients to be ready for ISO 20022 standards – the new AI-enabled solution will allow customers to manage large, verified data sets, not only for reconciliation purposes, but for downstream systems. Built

https://ift.tt/BfLpSYj Source: CUBE CUBE Global (“CUBE”), a global leader in Automated Regulatory Intelligence (“ARI”), today announced a strategic growth investment from Bregal Milestone (“Milestone”), a leading technology growth capital firm with c. €1.2 billion of capital raised dedicated to investments in high-growth, market defining technology companies. The investment marks the first institutional capital investment for

https://ift.tt/9jfoQx2 Source: JPMorgan Global tennis megastar and venture capitalist Serena Williams will join J.P. Morgan’s Global Head of Payments, Takis Georgakopoulos for a fireside chat at this year’s Money20/20. The tennis legend recently shared the news that she’s hanging up her racket to focus on her venture capital firm Serena Ventures. Since 2014, Williams’ firm

https://ift.tt/XHMDFkw Source: ClearBank Aite-Novarica Group today announced the launch of a new study, commissioned by ClearBank, that reveals one in five fintechs are losing $11m per year in product delays due to BaaS (Banking-as-a-Service) providers. The report “Confusion, cost, and compliance: The bifurcation of BaaS and Embedded Banking” reveals that fintechs are increasingly reliant on

https://ift.tt/iSFvpR3 Facing a challenging economic environment, business payments platform Airwallex has sustained its $5.5 billion valuation in a new $100 million funding round. The cash came from existing investors Square Peg, Salesforce Ventures, Sequoia Capital China, Lone Pine Capital, Hermitage Capital, 1835i Ventures and Tencent. HostPlus, an Australian industry superannuation fund, as well as a

https://ift.tt/pD1sjEf Source: Mastercard Mastercard, the global payments technology company, and PostePay, part of the Poste Italiane Group, today announce they are working together to launch a “Request to Pay” (RTP) solution in Italy. Request to Pay allows billers to request the payment of goods and services, digitally and in real-time. The payer receives a digital

https://ift.tt/MCN5B9Q New research from ClearBank and Aite-Novarica Group reveals that half of fintechs are losing $11m per year in product delays due to BaaS (Banking-as-a-Service) providers. The report states that fintech firms must now embrace an embedded banking approach. Today, BaaS is used by 82% of fintech companies, with BaaS-related services representing 45% of a

https://ift.tt/C7bXQnj Source: Outseer Outseer, the leader in payment authentication and monitoring solutions, has today released a new study that finds £95 is reported lost to fraudsters every second in the UK. Outseer studied data of all the reported incidents of fraud to Action Fraud – the UK’s national reporting centre for fraud and cybercrime –

https://ift.tt/zJN2w0c Source: Pleo Pleo today announces the appointment of Abigail Slater as its new head of operations in the UK and Ireland. Europe’s leading business spend solution, which is helping small and medium sized businesses leave behind the pains of old-fashioned financial processes, is now investing in further strategic talent for its UKI team, following

https://ift.tt/Gm3Ih5B Worldline is to provide a means for Indian tourists in Europe to use their domestic payment schemes, the mobile QR-based Unified Payment Interface and card network RuPay, to pay for their shopping over the counter. Currently, customers from India pay through international card networks. However, the hugely popular United Payments Interface from the National