The UK’s mission to become a “crypto hub” has so far fallen short, but the appointment of Tulip Siddiq as Economic Secretary to the Treasury, or City Minister, signals a move toward a more progressive approach to crypto and digital currencies. The new City Minister has been an advocate for blockchain technologies and crypto, so long as they are properly regulated. If the UK is to take steps to create a well-regulated and world-leading crypto industry, it should look to the successes of British fintech.

Xceptor, the intelligent automation platform for financial markets, today announced the appointment of Grant Coombe as Chief Revenue Officer (CRO), effective September 2024. Coombe’s appointment will play a pivotal role in accelerating Xceptor’s growth plans as well as solidifying its position as the industry’s data automation leader.

The journey of creating software is long, complex, fragmented, and involves dozens of separate tools. To streamline this process, global digital transformation company GFT has launched AI Impact, a new solution leveraging artificial intelligence to eliminate technical debt, increase developer efficiency and automate critical software development processes. In initial projects with leading banks, insurance companies and manufacturers across the American and European markets, AI Impact has demonstrated software development efficiency gains of up to 90%.

Thredd, the rapidly expanding next-generation global payments platform, reports both industry-wide growth in fintech-led digital payments and the renewal of its partnership with Zilch, the world’s first ad-subsidised payments network. This positive trajectory, coupled with recent product and market expansion, adds further momentum to Thredd’s leadership in modern payments processing.

Temenos today announced that Credicorp Capital, the investment management and advisory company, has gone live on Temenos Multifonds delivered as SaaS. The company is part of Credicorp Ltd., one of the largest financial groups in Latin America, whose subsidiaries include insurance, pension funds and microfinance providers in addition to BCP, Peru’s biggest bank.

GeoWealth, a proprietary technology and turnkey asset management platform (TAMP), today announced that it has closed a $18 million growth investment led by BlackRock.

Understanding market reactions to elections

Elections invariably stir up a blend of anxiety and anticipation among investors, advisers, and clients. This year has seen its fair share of electoral events, each contributing its own ripple effect to the markets. However, a key observation from recent discussions with advisers is that none of these elections have led to a sustained downturn in the markets. Interestingly, post-election periods have often seen markets perform well.

Visa, a world leader in digital payments, is introducing resources to help merchants in Vietnam, especially small and medium-sized businesses, accept and take full advantage of Visa’s digital payment solutions. This is part of Visa’s commitment to empower Vietnamese SMBs and boost the national economy, by accelerating their contactless payment acceptance.

The financial sector is undergoing a seismic shift. New, digitally-native challenger banks, referred to as neo-banks, are rapidly capturing market share with their sleek interfaces, agile processes, and data-driven approach. These include the likes of Monzo and Starling. To survive and thrive in this new landscape, legacy banks must embrace new technologies and specifically leverage their data as their key weapon.

OPN Holdings Co., Ltd. (operating as Opn), the one-stop financial solutions company, today announced a strategic partnership with BigPay, a leading mobile wallet and e-money platform from Malaysia that was officially launched in Thailand recently. This collaboration aims to facilitate seamless digital payments as BigPay expands its services into the Thai market.