The Outlook of Islamic Finance in 2025 Appears Promising
- 1 year 9 months ago
- Islamic Finance
AlHuda Centre of Islamic Banking and Economics (CIBE) has projected a promising outlook for the Islamic finance industry in 2025, with assets anticipated to surpass the $5 trillion milestone. This forecast underscores the resilience and growing significance of the Islamic finance ecosystem amidst evolving global financial landscapes. Despite slower progress in Islamic microfinance over the last two to three years, 2025 is expected to mark a...
Triple Honours in the King’s New Year Honours for British Business Bank
- 1 year 9 months ago
- Banking
British Business Bank CEO, Louis Taylor, has been awarded a CBE for services to Business and Trade in the King’s New Year honours list 2025. In addition, Catherine Lewis La Torre, former CEO of the Bank’s commercial subsidiaries, British Patient Capital and British Business Investments, and interim CEO of the British Business Bank has also been awarded a CBE for services to Business.
iDenfy Achieves SOC II Certification to Strengthen Data Security in the United States
- 1 year 10 months ago
- Security
iDenfy, a leading global RegTech company specializing in Know Your Customer (KYC), Anti-Money Laundering (AML), and Know Your Business (KYB) verification solutions, has announced its achievement of SOC II certification with the submission of an independent auditor’s report. This milestone confirm iDenfy’s position as a trusted partner in the US market, ensuring that its data handling practices meet rigorous standards of security and...
Garanti BBVA Enhances Investment Options on Its Mobile App
- 1 year 10 months ago
- Mobile Banking
Garanti BBVA recently revamped ‘Garanti BBVA Mobile’, making it faster and easier for investors to monitor and manage their investment portfolios directly on the app. The new menu for investments allows customers to view their portfolio distribution, check the status and research investment options that match their investment goals - all on a single screen. Furthermore, Garanti BBVA Mobile also offers educational content designed to improve...
Klarna to Be Automatically Enabled for All New Customers Under New WooCommerce Distribution Agreement
- 1 year 10 months ago
- Payments
Klarna, the AI-powered global payments network, and shopping assistant has expanded their partnership with Woo, the flexible, open-source ecommerce solution built on WordPress, by making Klarna a default payment option for merchants using WooPayments. Under the expanded partnership Klarna will become a network of choice, offered as a default payment method to WooPayments’ merchants globally, alongside traditional card payments. WooCommerce is...
Fiserv to Enhance Its Embedded Finance Capability with Acquisition of Payfare Inc.
- 1 year 10 months ago
- Payments
Fiserv, Inc., a leading global provider of payments and financial services technology, announced today that it has entered into a definitive agreement to acquire Payfare Inc. , a provider of program management solutions with a particular focus on new economy workforces. The transaction is subject to obtaining shareholder and court approvals and other customary closing conditions and is expected to close in the first half of 2025.
Deutsche Bank Subsidiary to Pay $4 Million for Untimely Filing Certain Suspicious Activity Reports
- 1 year 10 months ago
- Compliance
The Securities and Exchange Commission today charged registered broker-dealer Deutsche Bank Securities Inc., a subsidiary of Deutsche Bank AG, for failing to file certain Suspicious Activity Reports (SARs) in a timely manner. Deutsche Bank Securities has agreed to pay a $4 million civil penalty to settle the SEC’s charges.
Over 9M People in the U.K. Expecting Christmas to Put Them into Debt This Year
- 1 year 10 months ago
- Personal Finance
Over nine million people across the UK are expecting to end up in debt due to the high cost of Christmas this year, according to research from responsible lender, Creditspring. The findings reveal that young people will be the worst hit – a quarter (25%) of those aged 18-34 say Christmas will put them into debt compared to 17% of the whole UK population.
U.K. Retail Spending Rises 2.3%, Visa Data Shows
- 1 year 10 months ago
- Personal Finance
Visa, a global leader in digital payments, today announced its first Retail Spend Monitor, from Visa Consulting & Analytics (VCA), which analyses holiday season retail spend for the 7-week period starting on November 1, 2024, across the U.K. The findings show overall holiday spend in the U.K. increased 2.3% year over year, in nominal terms.
Varo Bank Introduces Zero Fee Cash Deposits at Participating CVS Locations
- 1 year 10 months ago
- Banking
Varo Bank, the first all-digital nationally chartered bank in the U.S., today announced a collaboration with Green Dot Corporation (NYSE:
UAE-Based Embedded SME Lending Startup CredibleX Raises US$55M in Seed Round
- 1 year 10 months ago
- Fundraising News
CredibleX, UAE's Leading SME Lending Fintech, Provides Access to 100,000 SMEs for Financing and Disburses AED 100 Million During Launch CredibleX, a pioneering working capital finance platform for SMEs, is proud to announce that it has successfully disbursed AED 100 million in loans to small businesses across the UAE since the pilot launch of its platform eight months ago.
Mastercard Finalizes Acquisition of Recorded Future
- 1 year 10 months ago
- Security
Mastercard completed its acquisition of Recorded Future.
Scalable Capital Launches Own World ETF Together With DWS and MSCI to Rethink Global Investing
- 1 year 10 months ago
- Fundraising News
As the first digital investment platform in Germany Scalable Capital launches its own global equities core ETF, the “Scalable MSCI AC World Xtrackers UCITS ETF”. Scalable Capital advises the asset manager DWS on the construction and replication of the portfolio for the new ETF. DWS is one of the largest providers of ETFs through its Xtrackers brand. The underlying All Country World Index (AC World or ACWI) is provided by MSCI, a leading provider...
SandboxAQ Announces More Than $300 Million of Funding to Drive Next Era of AI
- 1 year 10 months ago
- Fundraising News
SandboxAQ today announced a round of more than $300 million from Fred Alger Management, LLC, T. Rowe Price Associates, Inc., Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun, IQT, and other prominent investors. The funding round valued the company at $5.3 billion on a pre-money basis.
Best Egg Gets $1 Billion in Funding From AB CarVal Affiliates to Help More People Access Vehicle Equity Loans
- 1 year 10 months ago
- Fundraising News
Best Egg, a leading fintech that drives financial confidence, announced today the successful arrangement of a $1 billion purchase facility to help offer more vehicle equity loans that let people use their car’s value as collateral to borrow money. This commitment, led by funds managed by affiliates of AB CarVal, entails a forward-flow purchase commitment for loans facilitated through the Best Egg platform.
