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Stock hedge funds post big one-day drop in DeepSeek rout, say Goldman data

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Stock Hedge Funds Post Big One-Day Drop in DeepSeek Rout, Goldman Data

Which Recent Initiatives Have Financial Firms Utilised to Improve Inclusivity?

Recent Initiatives by Financial Firms to Boost Inclusivity

Lloyds and MyPocketSkill Launch Co-Branded Promo to Help UK Students Earn Money and Key Skills

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Lloyds Bank and MyPocketSkill Launch Promo to Empower UK Students

KlariVis Joins Forces with FinGoal to Transform Transactional Data Analysis

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KlariVis & FinGoal Transform Transactional Data Analysis

Tackling pay gaps New regulations will require employers to publish action plans to close the gender pay gap, alongside additional reporting obligations on ethnicity and disability, increasing the pressure on employers to close their gender pay gap. Employers will need to ensure that they are collecting and reporting accurate data, while also engaging employees in the process.

UK Gender Pay Gap Won’t Close Until 2065 Without Urgent Action

Economic, financial services and fintech overview Saudi Arabia is undergoing significant economic development driven by its national strategy, Saudi Vision 2030. Central to this transformation is the creation of multiple giga-projects, including the King Abdullah Financial District, a new mixed-use financial centre in Riyadh. Alongside physical infrastructure development, Saudi Arabia is prioritising the digital transformation of its financial services sector through initiatives like the Financial Sector Development Programme (FSDP). The FSDP launched the Fintech Strategy Implementation Plan in 2022 to accelerate the growth of Saudi Arabia’s fintech sector and establish Riyadh as a global fintech hub. The ambitious plan aims to triple the number of fintech companies to 230 by 2025, increase digital transactions to 70 per cent within three years, and contribute $1.2billion to the GDP while creating 6,000 new jobs by 2025. By 2030, Saudi Arabia aims to have 525 fintech companies, generating nearly 18,000 jobs. A key milestone in Saudi Arabia’s fintech journey is its push for open banking, with the launch of a new open banking framework by the Saudi Arabian Monetary Authority (SAMA) – now known as Saudi Central Bank in 2022. The country also leads in venture capital funding in the Middle East and North Africa (MENA) region, securing the top spot for the first time in 2022.

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Saudi Arabia’s Fintech Growth: Vision 2030 and Open Banking

“Travel is bouncing back in a big way, but with volumes rising, and customers demanding more payment choice, business growth can mean more payment integrations, complexities and pressures to manage,” explained Tom Voaden, VP of commercial at BR-DGE. “For businesses that have inherited a multitude of different tech stacks, it’s crucial to provide consistency in platform resilience, and the same seamless checkout experience to customers, no matter which travel brand they’re buying from. With BR-DGE, Brooklyn Travel will enjoy a simplified and streamlined payment process, and a reliable and consistent front-end experience for their customers.” The partnership comes following a significant bounce back in global airline, cruise and hotel bookings. Predictions suggest that 2024 saw travel and tourism’s global economic contribution reach an all-time high, according to the World Travel & Tourism Council. Ensuring growth amidst travel industry boom According to Mastercard research, despite ongoing economic pressures, the travel sector is flourishing, with nine out of the last 10 record-setting spending days in the global cruise and airline industry occurring during 2024. Duncan Wilson, CEO at Brooklyn Travel, commented: “At this exciting time in our journey, we needed a payment partner who could help us modernise, innovate, and support the ways our customers want to pay. We’ve found the perfect partner in BR-DGE, who will not only ensure connectivity to our existing acquirers but quickly facilitate new acquirers as well, along with enhanced platform resilience, and improved checkout experiences that can evolve with customer demand.”

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Brooklyn Travel Partners with BR-DGE to Expand Payment Options

Visa Invests in Moniepoint to Boost Financial Inclusion in Africa

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Visa Invests in Moniepoint to Boost Financial Inclusion in Africa

17% of Large Companies Now Using AI Contract Review Tools

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17% of Large Companies Now Using AI Contract Review Tools

Packaging

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Make Protecting Your UK and EU Product Packaging and Labels Your New Year’s IP Resolution. Part 1: Protect Unique Packaging in the EU

SCOTUSblog Founder Indicted In Wild Poker-Fueled Tax Case

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SCOTUSblog Founder Indicted In Wild Poker-Fueled Tax Case

Supreme Court

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US Supreme Court Clarifies Employer’s Burden of Proof for Showing Exempt Status Under the FLSA (US)

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