: New Zealand’s Kiwi Dollar trimmed losses after tumbling to a weekly low at 0.6876 from its 0.6960 opening yesterday. The move came after the RBNZ’s decision to hike its Official Cash Rate by 25 basis points to 0.5%. It was the 1^st rate hike by the New Zealand Central Bank in 7 years. The NZD/USD pair soared to a high at 0.6979 immediately after the news before tumbling lower. After the dust settled, the NZD/USD pair finished at 0.6917 in New York. Elsewhere, dismal European economic data saw the EUR/USD pair slide to close near late July lows at 1.1595 (1.1622).

• Banks make their money using “hidden” charges, say many of those surveyed
• Concern over the safety of savings is widespread, with many now limiting what they put into traditional banks 
• Some - particularly young people - are so concerned they prefer to keep cash at home
• People feel banks do not put customers first, and many are now seeking alternative ways to save and spend

• The fintech kicks off the crowd portion of the round with £1 million raised in under 10 minutes
• The Growth Round follows on from Chip’s biggest year to date
• The funding will be used to fuel growth as the company aims to build the best savings account in the world

Flutterwave honored for achievements in Payments Processing

Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown

‘’The anecdotes from truckers, turkey farmers, builders and bosses about escalating problems in the supply chain are far from isolated cases. Rising costs hitting industries across the board are backed up in the latest large scale survey from the ONS. The Business Insights research shows that almost a third of businesses (29%) questioned reported that the price of materials, goods and services purchased over the last fortnight had increased by more than normal price fluctuations.

Exizent, the Glasgow-based technology firm whose innovative platform is transforming bereavement by connecting legal services firms with banks and the wider financial services community, has announced the exciting appointment of Graeme Jones as a Senior Adviser to the Board.

Trading in the international foreign exchange market is a popular niche where hundreds and hundreds of large companies are involved. Each user can become successful here, but do not forget about the significant risks. According to statistics, only 17% of brokers are successful. It is difficult to gain popularity and leading positions in this segment. And many platforms take years to become Forex prime brokers.

The uptake of cryptocurrency and blockchain has been steadily growing over the past few years, but on the continent of Africa the proliferation of crypto trading has proved to be a lifeline for millions of people. In fact, the continent now boasts one of the largest number of crypto traders anywhere in the world. 

Trafigura Pte Ltd (“Trafigura”), one of the world’s largest physical commodity trading companies, and Circulor, the leading provider of supply chain provenance and emissions tracking services, have today signed a Master Services Agreement to provide traceability and CO2 tracking for Trafigura’s nickel and cobalt trading division.

Citi joins Mastercard’s City Possible™ network to transform the dialogue around government services and enable local governments to engage their residents more simply, inclusively, and cost effectively