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Comment from Monese: FCA report on UK Savings
Mulenga Agley, VP of Growth at Monese
“‘Personal debt’, ‘just keeping heads above water’ – new research from Money Advice Service paints a dismal picture of unfair finance in the UK. Limited savings, inability to pay off credit card balances and payment defaults are symptomatic of a traditional banking system that is tailored for the rich and financially savvy.
The myth of ‘free banking’ is beginning to crumble, but banks must be prepared to be more open about how they make money. They rely on a mixture of lending and hidden fees, to the point that dependence on these revenue streams prevents them from seeking an alternative – revenue over reason. Unexpected or hidden fees line bank pockets and send vulnerable consumers spiralling into debt.
Financial services providers should be supporting consumers to spend and save responsibly and effectively, rather than taking every opportunity to catch them out. It’s time for an inherently transparent, simple and all-inclusive monthly fee – think Netflix, rather than bank.”
- SUNRATE Secures Bank Negara Malaysia Licence, Enabling Full-Scale Operations in Malaysia Read more
- NUVA Digital Raises US$5.2M to Accelerate Development of Web3 Real-World Asset Platform NUVA Read more
- COINPAYMENTS and duPont REGISTRY Group Announce Alliance to Power Digital Payment Infrastructure Read more
- Regional Openness and the Shift to Cloud Processing Read more
- TSAM London: MinuteMaster on The Rising Cost of Meeting Inefficiency in Asset Management Read more
SUNRATE Secures Bank Negara Malaysia Licence, Enabling Full-Scale Operations in Malaysia
SUNRATE, the global payment and treasury management platform, announced that it has been granted a Class B licence under the Money Services Business Act 2011 by Bank Negara Malaysia, marking a significant milestone in the company’s continued expansion.
NUVA Digital Raises US$5.2M to Accelerate Development of Web3 Real-World Asset Platform NUVA
NUVA Digital, the software development company behind the RWA marketplace NUVA, today announced the successful closing of a US$5.2 million fundraising seed round led by Morgan Creek Digital. NUVA is the non-custodial, unified distribution layer for high-quality real-world asset (RWA) vaults. It offers users one-click access, enabling them to deposit stablecoins to mint liquid, composable tokens that deliver yield. NUVA ensures transparency and seamless DeFi composability with on-chain proof of reserves, without requiring minimum deposit requirements or lockups.
COINPAYMENTS and duPont REGISTRY Group Announce Alliance to Power Digital Payment Infrastructure
COINPAYMENTS, a leading global digital payments infrastructure provider, has announced a landmark alliance with duPont REGISTRY Group, the world’s premier, high-tech luxury automotive ecosystem, to power digital payment capabilities within its next-generation duPont REGISTRY digital marketplace.
Atos Selected by LCH SA to Migrate its Financial Information Systems to the Cloud
Atos, a global leader of AI-powered digital transformation, announces it has signed a three-year contract with LCH SA, the global clearing house based in Paris, to assist LCH SA with the migration of its financial information systems on a highly secure, SecNumCloud-qualified cloud infrastructure, while guaranteeing full continuity of operations.
KAST Appoints Former SEC Official to Lead Policy Communications as Company Targets US Market Growth
KAST, the global financial platform built on stablecoin rails, announced today that Stephanie Allen, a former senior advisor at the U.S. Securities and Exchange Commission, has joined the company as Head of Corporate and Policy Communications.
Ripple Reinforces Commitment to the Middle East with Expanded Presence in the UAE
Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, today announced an expansion of its presence in the UAE with the opening of its new Middle East and Africa (MEA) regional headquarters in the Dubai International Financial Centre (DIFC), creating capacity to grow its local team as demand for regulated blockchain-powered payment and custody solutions continues to accelerate across the region.
Macquarie Increases Stake in Tenora as it Secures FCA Authorisation as an Electronic Money Institution (EMI)
Tenora Financial Group Limited (Tenora), a financial technology company providing end-to-end foreign exchange (FX) risk management, has today announced two significant milestones that mark a defining moment in its growth. Tenora's UK subsidiary, Tenora Financial Solutions Limited, has received authorisation from the Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI), while Macquarie Group, through its Commodities and Global Markets business (Macquarie), has increased its total shareholding in Tenora to 33%, following approval from the Australian Prudential Regulation Authority (APRA).
SUNRATE Secures Bank Negara Malaysia Licence, Enabling Full-Scale Operations in Malaysia
SUNRATE, the global payment and treasury management platform, announced that it has been granted a Class B licence under the Money Services Business Act 2011 by Bank Negara Malaysia, marking a significant milestone in the company’s continued expansion.
NUVA Digital Raises US$5.2M to Accelerate Development of Web3 Real-World Asset Platform NUVA
NUVA Digital, the software development company behind the RWA marketplace NUVA, today announced the successful closing of a US$5.2 million fundraising seed round led by Morgan Creek Digital. NUVA is the non-custodial, unified distribution layer for high-quality real-world asset (RWA) vaults. It offers users one-click access, enabling them to deposit stablecoins to mint liquid, composable tokens that deliver yield. NUVA ensures transparency and seamless DeFi composability with on-chain proof of reserves, without requiring minimum deposit requirements or lockups.
COINPAYMENTS and duPont REGISTRY Group Announce Alliance to Power Digital Payment Infrastructure
COINPAYMENTS, a leading global digital payments infrastructure provider, has announced a landmark alliance with duPont REGISTRY Group, the world’s premier, high-tech luxury automotive ecosystem, to power digital payment capabilities within its next-generation duPont REGISTRY digital marketplace.
Regional Openness and the Shift to Cloud Processing
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TSAM London: MinuteMaster on The Rising Cost of Meeting Inefficiency in Asset Management
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Atos Selected by LCH SA to Migrate its Financial Information Systems to the Cloud
Atos, a global leader of AI-powered digital transformation, announces it has signed a three-year contract with LCH SA, the global clearing house based in Paris, to assist LCH SA with the migration of its financial information systems on a highly secure, SecNumCloud-qualified cloud infrastructure, while guaranteeing full continuity of operations.
KAST Appoints Former SEC Official to Lead Policy Communications as Company Targets US Market Growth
KAST, the global financial platform built on stablecoin rails, announced today that Stephanie Allen, a former senior advisor at the U.S. Securities and Exchange Commission, has joined the company as Head of Corporate and Policy Communications.