New data reveals 430% increase in foreign businesses opening UK accounts

Despite fears the UK would lose its position as one of the most attractive places for foreign businesses to invest post-Brexit, new data from UK bank challenger 3S Money reveals this couldn’t be further from the truth. ,

Metaverse Bubble begins to collapse.

There are a lot of tech stocks already down 30%, but Facebook/Meta just joined them in one day.

Everyone and their dog was buying the Meta story with a keen 'buy the dip' approach. This created a tremendous stop loss snow-balling affair all the way down.

This is classic market behaviour.

Summary: ECB President Christine Lagarde shifted to a hawkish stance which lifted German 10-year bond yields a whopping 11 basis points to 0.14% (0.03%). The Euro (EUR/USD), which had been languishing near June 2020 lows at the start of this week, rocketed 1.2% higher to finish at 1.1435 (1.1267 Wednesday). On the other side of the Atlantic, the US ADP Private Sector Employment fell by 301,000 Jobs in January. Which surprised analysts who had forecasted a median rise of between 185,000 and 205,000.

Partnerships 

Nium and FINCI announce partnership to strengthen payment services internationally

Fintech company FINCI announced a partnership with global payments and cards issuance leader Nium, that will leverage Nium’s competitive FX rates and extensive pay-out network in strategic markets across the APAC and EMEA regions. The collaboration will enable real-time payments to new markets and improve services to existing regions for FINCI’s individual and business customers.  

The Ledgible Crypto Tax Platform will support new crypto staking tax reporting options

The launch to take place today at Radisson Blu, Noida

PayMe India launched a unique application ‘SALT’ that allows users to buy something without paying immediately. The buyer enjoys a credit limit and can pay his bills later within a specified interest-free period. And, individuals who don’t even possess a credit card can avail of these services through SALT.

In a very fast-growing e-commerce market with changing uses and customer expectations in terms of payments, this operation allows FLOA, already present in France, Spain, Belgium, Italy and Portugal, to plan for a new cycle of development, by capitalizing on the European footprint, the expertise and businesses of BNP Paribas group, with a view to a wider deployment in Europe.

Kueski, one of the largest buy now, pay later (BNPL) and online consumer lenders in Latin America, today announced the appointment of Krishna Venkatraman as the company's chief data officer.

As coronavirus infection spread all over the world, the fintech sector experienced a tremendous change due to abrupt shifts in customer needs. Although financial technologies were still developing and maturing, the chances of their success were increasingly low. The main reason behind it is a fragmented customer experience with too many fintech applications competing for the user's valuable attention. 

Chargebee, the leading subscription management platform, today announced the closing of a $250 million investment round co-led by Tiger Global and Sequoia Capital, along with returning investors including Insight Partners, Sapphire and Steadview Capital.