Reach, the global payment localization provider, has further strengthened its senior management team by appointing leading cross-border ecommerce stalwart, Dave Mays, as an independent board member.

With lockdown restrictions gradually easing and the vaccine roll-out in the UK proceeding at incredible speed, the outlook for retailers and merchants is far more positive than this time last year. But what merchants now need to focus on is how to gain as many customers as possible and maximise their turnover in what remains a crucial time. 

A key enabler of this is set to be retail finance – but does the technology and ecosystem of lenders exist to allow merchants to truly capitalise on the opening of the economy? 

Phishing impersonations and business email compromise attacks designed to steal victims’ bitcoin surged by 192% between October 2020 and May 2021, closely following the rising demand and increasing price of bitcoin over the last eight months [FIGURE 1], according to new analysis by Barracuda Networks, the trusted partner and leading provider for cloud-enabled security solutions, in their most recent Threat Spotlight research.

Overview:

Watch the video for a summary of today’s news releases, a review of the AUDUSD, and a complete Top Down Analysis of the AUDJPY.

AUDJPY Monthly:

Monthly support at 78.46, resistance at 84.53.

Tide, the UK's leading business financial platform^[1] , has selected India as its first international market, with a fully-fledged launch early next year.

Fabian Vandenreydt, capital markets veteran and Innovation Ecosystem Advisor to Abu Dhabi Global Market (ADGM) - the international financial centre - has joined the Advisory Board of the Real Estate AI and technology platform RE5Q.

A recipient of several awards in fintech and capital markets, he brings a unique combination of traditional industry expertise, particularly in the EU and UAE regions, and understanding of the fields of applied machine learning, regtech, data analytics and digital assets.

AUD, CAD, NZD Dip; GBP, EUR Flat, JPY Up, Bond Yields Ease

Global equity markets put in a robust performance last week, gaining 2.0% in local currency terms with the US leading the way. Despite June normally being the weakest month of the year, equities have resumed their upward course after a pause in May.

Leading AI-powered credit decisioning disruptor, Scienaptic today announced that home improvement lender, FTL Finance has completed implementation and is now live on its platform. The implementation will enable the company to make better, stronger credit decisioning for its borrowers through next-generation, transformative technology powered by AI to support both contractors’ and homeowners’ financing needs for repairs and remodeling.