Millennial investors opted for US and Health stocks in Q3 as they brace their finances for a winter recession, according to new data from smart money app Plum. 

The three months to September 2022 saw a notable increase in the allocation of funds to American Dream, which tracks US firms from the S&P 500. American Dream took 15.49% of investment in September 2022, up from 11.94% in July.

A new survey from cybersecurity company Nixu reveals significant security concerns among Northern European organizations. 39% of respondents assess themselves as having poor or deficient cybersecurity maturity. The survey also reveals that supply chain security is increasing its importance as a key issue, the focus on risk management is surprisingly low, and deep expertise is the service providers’ most valued quality. Additionally, cybersecurity budgets are often not optimally spent.

Vantage (or “Vantage Markets”), the multi-asset broker, has launched social trading on the

T-Scape, a leading digital technology services company, announced today that Western Asset, one of the world’s leading active fixed-income investment managers, has renewed its agreement with the company, specifically for its corporate action application, iActs, with the signing of a new multi-year contract. 

Centralis Group today announced the further expansion of its Governance, Risk and Compliance service line and Cayman Islands business operations with the appointment of offshore anti-money laundering (AML) specialist Gary McLean. Gary will lead a new independent anti-money laundering risk management team that will focus on the provision of specialised AML services to alternative investment funds domiciled in all major jurisdictions.

Temenos today announced that Mbanq, one of US’s leading Banking-as-a-Service (BaaS) providers, has expanded its relationship with Temenos to accelerate BaaS adoption in the US.

The agreement deepens the companies’ collaboration after last year’s launch of a joint Credit Union as-a-Service offering (link).

Data and analytics firm, LexisNexis® Risk Solutions, has been selected to provide Hodge with a full end-to-end solution for customer onboarding and ongoing monitoring, incorporating AML screening, transaction monitoring and case management, all within a single platform.

As of October 2022, in the SEA region, there were about 426.5 million users of five fintech industries (alternative lending, digital investment, digital assets, digital banking, and digital payments). This is approximately 63% of the total population of Southeast Asia. By 2050, this figure will rise to 76%.

Cashflows, the platform that makes it easy for merchants to accept payments, today announces that, despite more than half (52%) SMBs indicating that they would be open to switching payment providers, 78% do not know how to do so. 

nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Hamburg Commercial Bank (HCOB) is now live on the