The banking sector’s primary self-regulatory body, the Lending Standards Board (LSB), is urging firms to prepare for the financial struggles customers will face this year, as incomes are eaten away by the higher cost of everyday life. 

In its 2023/24 Business Plan released today, the LSB outlines how its areas of focus for the year will include financial resilience and digital journeys, alongside its ongoing work on the prevention of authorised push payment (APP) scams. 

MarketVector Indexes^TM (“MarketVector”), a pioneer in the digital assets space, announces a collaboration with Digital Asset Research (DAR). Through this initiative, MarketVector will leverage DAR’s data, underpinned by DAR’s exchange vetting process, to power index methodologies and create robust, transparent indexes for market use.

Glia, the leading provider of Digital Customer Service (DCS), today announced new additions to the Glia Interaction Platform, including an AI voice banking feature and a solution that brings real-time service options to asynchronous secure messages. Announced at Glia’s annual customer event, the enhancements further enable financial institutions to seamlessly and securely interact with customers across phone and digital channels.

TotallyMoney, the fintech with a focus on the UK’s financially under-served has surpassed the five million customer milestone:

On the eve of its 30^th anniversary, Fibank (First Investment Bank) offers its private banking customers the premium Metal World Elite™ Mastercard®, issued in Bulgaria exclusively by the bank.

Once again, Fibank, as a leader in card payments, presents an exceptional product with a modern look, combining the advantages of credit cards with the comfort and refined taste of World Elite™.

NEAR Protocol, the open-source and climate-neutral blockchain, has officially gone live as a Blockchain Operating System (BOS), which makes Web3 usable for all. 

Logiq, Inc., a leading provider of digital consumer acquisition solutions, has acquired Park Place Payments, an 

Private Markets Alpha (PM Alpha), the digital marketplace for asset managers, wealth managers, advisors and distributors to access and distribute private markets investments, has launched its first regulated product – Global Distressed & Special Situations – a PM Alpha mini-blend of three underlying strategies from Apollo and Oaktree that seek to capitalise on prevalent glo

Last year saw a significant drop in anti-money laundering fines that were handed out compared to previous years, showing signs that financial and banking institutions are improving their compliance actions. 

However, widespread reliance on outdated technology and manual processes still remains a significant regulatory risk. 

FinTech Automation (“FTA”) announced today that it has signed an agreement with the Federal Reserve Bank of Boston to be a provider of enabling financial technology for instant payment services on the FedNow^SM Service, which will launch in phases starting in July 2023.