Similar Posts
Affirm and Shopify Launch Shop Pay Installments in Canada: A Groundbreaking Global Expansion
Affirm has expanded its partnership with Shopify to launch Shop Pay Installments, a buy now, pay later (BNPL) service, in international markets. Initially available only in the U.S., the service is rolling out to select Shopify merchants in Canada, with plans for a full launch in Canada and the UK by summer, followed by Australia and parts of Western Europe. Shop Pay Installments allows consumers to split purchases into flexible payment plans with no hidden fees or late charges. The collaboration aims to enhance merchant capabilities and drive global growth, boosting conversion rates for merchants.
UK Government Unveils Bold Strategy to Boost Financial Services Growth and Innovation
The UK’s financial services sector is set to play a key role in the newly announced Financial Services Growth and Competitiveness Strategy, led by Chancellor Rachel Reeves. This initiative aims to stimulate economic growth and increase citizens’ disposable income. It will involve Industry Forums with stakeholders from various financial sub-sectors, such as banking, insurance, and FinTech, to gather insights for effective policy-making. The strategy aligns with the government’s Modern Industrial Strategy, recognizing financial services as vital for economic progress. The inaugural forum begins in January, with insights to shape the final strategy document due later this year.
FS-ISAC Champions Quantum-Resistant Cryptography: Essential Guidance Series for Cybersecurity
The Financial Services Information Sharing and Analysis Center (FS-ISAC) has released essential papers from its Post Quantum Cryptography Working Group to guide the payment card industry (PCI) toward adopting quantum-resilient standards. As quantum computing advances, it poses significant threats to cryptographic security essential for card transactions. One key paper outlines necessary steps for implementing quantum-resistant cryptography, emphasizing strong access controls, data encryption, and thorough risk assessments to mitigate threats. FS-ISAC highlights the dual nature of quantum technology, which can both solve complex problems and challenge existing security. Early strategic planning for quantum migration is crucial for maintaining cybersecurity in the evolving landscape.
Bourn Secures £1.5M Seed Funding to Transform Cash Flow Management for SMEs
Bourn, a UK FinTech startup focused on SME finance, has secured £1.5 million in seed funding to develop its AI-driven Flexible Trade Account (FTA). The funding round, led by Haatch, included investors like Love Ventures and Portfolio Ventures. Founded by industry veterans Roger Vincent, Nick Tracey, and Paul Gambrell, Bourn aims to address cash flow challenges faced by SMEs. Their FTA offers an alternative to traditional overdrafts, utilizing AI risk assessment and Open Banking technology. The funds will be used for product development and market expansion. New board member Leda Glyptis emphasizes Bourn’s commitment to enhancing financial accessibility for businesses.
Unlocking Opportunities: How Regulatory Changes Are Revolutionizing Scalable Digital Investment Services
The investment services industry is shifting its perspective on compliance, viewing it as a growth catalyst amidst significant regulatory changes. everyoneINVESTED highlights opportunities from new regulations in Europe and the UK, such as the Retail Investment Strategy. These reforms can lead to increased IT investment, business expansion, enhanced retail investor participation, and greater digitization. As modern portfolio theory loses relevance in today’s digital landscape, behavioral economics is emerging to better understand investor decision-making. By embracing these insights, firms can transform compliance into a driver of growth, fostering a more inclusive investment environment.