Revolut, the global fintech boasting over nine million UK customers, has officially obtained its UK banking licence from the Prudential Regulation Authority (PRA), more than three years after its initial application. After securing the UK banking licence, Revolut should be able to eventually offer a far wider range of products and services to customers, including mortgages and […]
The Southwest Airlines seat scramble is a familiar drill for South Florida travelers. Line up to get on the plane, search for a good open seat, pray that there’s some nearby overhead bin space. But the 50-year-old tradition is ending. Southwest, which has up to 67 daily departures from Miami and Fort Lauderdale airports, will […]
Investors are punishing automakers’ stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices, just as the companies are having to spend huge sums to make new electric and gas vehicles. Each auto company has unique problems, but common to many are growing vehicle stockpiles on dealer lots, requiring […]
As the world turns increasingly digital, it is becoming ever more important for merchants and businesses to embrace data-driven insights to meet customer expectations. Recognising this, MENA-based payment solutions provider, PayTabs Group, is joining forces with Digital Haze, a consulting firm specialising in cybersecurity, digital financial services, and compliance solutions. By partnering, the two firms are aiming to […]
Ether exchange-traded funds officially began trading in the U.S. on Tuesday, putting the world’s second-largest crypto currency in a vehicle favored by many professional investors and advisors. The new funds come from traditional fund issuers such as BlackRockand Fidelity and crypto-specific companies such as Grayscale, marking another step in the increased integration of digital assets […]
Credit data solution provider Bloom Credit has become the newest member of the American Fintech Council (AFC), the industry association representing responsible fintechs and banks. Bloom Credit is an API platform modernising credit data reporting, furnishing, and scoring, and hopes to democratise financial services and improve access to credit. Bloom Credit offers a comprehensive platform that enables fintech companies […]
Asia-Pacific markets fell Wednesday as traders assessed July business activity data from Japan and Australia, and tech earnings from the U.S. Tech and EV stocks largely slumped in the region after U.S. tech giants Alphabet and Tesla reported their second-quarter earnings, with Tesla falling short of estimates. Hong Kong’s Hang Seng index fell 1.14%, reversing earlier gains, while mainland China’s CSI 300 […]
China’s ruling Communist Party has set ambitious long-term policy goals at its most important political meeting on reform, but offered little detail on how to pull the world’s second-largest economy out of a worsening downturn. In a behind-closed doors meeting known as the third plenum, more than 360 members of the party’s Central Committee — […]
The leader of aerospace giant Boeing’s defense division said Sunday that the company is still fighting through issues that have delayed the construction of two new Air Force One presidential aircraft. Boeing received a $3.9 billion contract in 2018 to build two new 747-8 aircraft for use as Air Force One that would be delivered […]
Lemonade, the US-based digital insurance company driven by AI and social impact, has marked the eighth consecutive year of giving back to a number of local and global charities selected by customers. As part of its ‘2024 Giveback’, Lemonade donated $2,112,608 to 43 nonprofits globally, supporting causes including healthcare, education, climate, global poverty, and animal […]
UK financial services firms currently spend over £21,000 per hour fighting financial crime and fraud through onboarding and compliance screening processes, according to the latest True Cost of Compliance report from LexisNexis Risk Solutions. In a study of 254 regulated UK financial services firms, LexisNexis Risk Solutions found compliance costs rose by 12 per cent in 2023, with […]
Global video game commerce company, Xsolla, has unveiled a number of new launches and milestones, as well as an acquisition, as it looks to enhance its influence across a larger region and help developers unlock enhanced revenue and increase conversion rates. Xsolla has expanded its payment solution across Southeast Asia, East Asia, and Pacific markets. It […]
