November, 2024

November, 2024

UK’s FCA Seeks Comments on Streamlining Investor Protection Rules
The United Kingdom’s Financial Conduct Authority launched a consultation on proposals to transfer firm-facing requirements of the Markets in Financial Instruments Directive Organisational Regulation...

Luxury Brands Shed 50 Million Customers as Prices Climb
Luxury brands have shed roughly 50 million customers over two years as shoppers seek lower prices. A report Wednesday (Nov. 27) by The Wall Street Journal — citing data from consulting firm Bain�...

How True Religion’s Data-Driven Approach Powers Customer Loyalty and Holiday Campaign Success
To say True Religion, once a symbol of luxury in the early 2000s, has had its ups and downs in recent years would be an understatement. It faced a steep decline as consumer tastes and styles shifted a...

SoftBank Reportedly Eyeing $1.5 Billion OpenAI Stock Purchase
SoftBank reportedly wants to purchase $1.5 billion in OpenAI stock. It’s part of an effort by SoftBank Group CEO Masayoshi Son to strengthen the company’s stake in OpenAI and position it as an ...

Margarita Finance Raises $1 Million in Pre-Seed Funding, Targets Structured Finance Market
Margarita Finance has raised $1 million in pre-seed funding to target the structured finance market, according to a statement by the firm. The Zurich-based Fintech received the backing of Tomahawk VC,...

The British Business Bank Pursues Social Impact with ENABLE Funding Program
The British Business Bank says it has launched the ENABLE Funding (CEF) program that aims to increase funding to the social impact sector. The Bank states that the initiative is primarily seeks to ass...

Fintechs Comment on FCA’s Crypto Roadmap
The UK initially expected to reveal new rules to manage the burgeoning stablecoin sector of digital assets this year. In recent days, the UK government revealed that stablecoin rules were being pushed...

RWAs: OpenTrade Raises $4 Million in Seed Funding to Build Asset Backed Lending, Stablecoin Products
OpenTrade has closed on a $4 million “Seed extension round” as it seeks to build out real-world asset-backed lending and stablecoin yield products. The funding was led by AlbionVC, with a16z Crypt...

In Big Win for Crypto, Courts Deny Tornado Cash Smart Contracts are Illegal, OFAC, US Department of Treasury Lose
In 2022, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) targeted DeFi crypto mixer Tornado Cash with sanctions, claiming the platform had laundered over $7 billion. ...

UK Consumers Turn to Cash After Experiencing Challenes with Card Payment Issues – Report
Nearly a quarter (22%) of UK adults have experienced card and phone payment issues in the last six months, with over two-thirds saying it’s made them more likely to carry cash, according to research...

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B&T Television

November