November 18, 2023 @ 5:52 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have jointly introduced a real-time payment systems linkage connecting Singapore’s PayNow and Malaysia’s DuitNow. This initiative builds upon the earlier QR payment linkage announced on March 31, 2023, facilitating cross-border QR payments to merchants…. Read More

November 18, 2023 @ 5:48 pm By Omar Faridi  |  

Grasshopper, the client-first digital bank built for the business and innovation economy, today announced its partnership with Capchase, a provider of non-dilutive financing solutions for Software-as-a-Service (SaaS) companies, “to provide revenue-based financing for enterprise SaaS startups through the bank’s partnership ecosystem, exclusively available to Accelerator… Read More

November 18, 2023 @ 5:46 pm By Michael Wong  |  

BC Technology Group, the digital asset and fintech-focused parent of digital asset platform OSL, has announced raising approximately HK$710 million from crypto group BGX. The deal, which still requires the approval of BC Group’s shareholders, will give BGX a 30% stake in the company. OSL… Read More

November 18, 2023 @ 5:41 pm By Omar Faridi  |  

Unchained announced that Bakkt (NYSE: BKKT) has agreed to join its network of collaborative custody partners. Bakkt joins Coincover and Kingdom Trust “as members of the network, providing Unchained’s collaborative custody offering with the greatest breadth in the industry, giving clients the most security and… Read More

November 18, 2023 @ 4:03 pm By Omar Faridi  |  

More than nine in ten investors (94%) believe corporate reporting on sustainability performance contains unsupported claims, according to PwC’s 2023 Global Investor Survey. The survey – now in its third consecutive year – “queried 345 investors and analysts across geographies, assets classes, and investment approaches… Read More

November 18, 2023 @ 12:39 pm By Michael Wong  |  

Silverflow, a could-based payments processing startup, announced raising €15 million ($16.4 million) in a funding round anchored by industry veterans and payments experts at Global Paytech Ventures. The round was also backed by Picus Capital, Coatue, Crane Venture Partners, Inkef, and several angel investors, with… Read More

November 18, 2023 @ 12:35 pm By Michael Wong  |  

Binance Labs, the venture capital and incubation arm of Binance, has backed the $5-million Seed funding round of Web3 social network platform Sleek, according to an announcement. The funding round, which also saw participation from notable investors, including Shima Capital, Spartan Group, Symbolic Capital, Market… Read More

November 18, 2023 @ 12:08 pm By Michael Wong  |  

Fintech lending is expected to surpass traditional banking by 2030, according to a recent report by the Centre for Advanced Financial Research and Learning (CAFRAL). The forecast by CAFRAL, an independent body established by the Reserve Bank of India (RBI) in 2011, underscores the profound… Read More

November 18, 2023 @ 11:15 am By Omar Faridi  |  

US investment banks have less budget and workforce to devote to fighting financial crime and adhere to changing regulation, according to the 2023 KYC Banking Trends Report by Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management… Read More

November 18, 2023 @ 7:11 am By Omar Faridi  |  

Bybit, which claims to be one of the most visited crypto exchanges, is pleased to announce the launch of its dedicated Broker Program, “welcoming white-label exchanges, asset management platforms, trading terminals, trading platforms, strategy aggregators, and trading firms seeking to dive into the world of… Read More

November 17, 2023 @ 6:11 pm By Omar Faridi  |  

Holiday shopping season is a favorite time of year for many, but as consumers everywhere start preparing to open their wallets ahead of Black Friday, “a new type of threat has begun rearing its ugly head: AI-based fraud.” The recent boom in AI capabilities and… Read More

November 17, 2023 @ 5:08 pm By Omar Faridi  |  

Elliptic – the firm enabling blockchain analytics and data intelligence – and CODE – a South Korean Travel Rule solution provider – have launched a partnership which represents Elliptic’s entrance into the Korean market. The new alliance will help companies in the country ramp up… Read More

November 17, 2023 @ 5:06 pm By Omar Faridi  |  

ThetaRay, a global enabler of AI-powered financial crime detection solutions, is announcing its partnership with Neema, a payments network for businesses. This collaboration marks a significant milestone in “the fight against financial crime, as it combines ThetaRay’s advanced artificial intelligence technology with Neema’s real-time payments… Read More

November 17, 2023 @ 4:58 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) unveiled three initiatives to ensure the safe and innovative use of digital money in Singapore, namely: a blueprint outlining the infrastructure required for a digital Singapore dollar; expanding digital money trials; and a plan to issue a “live” central… Read More

November 17, 2023 @ 2:59 pm By Omar Faridi  |  

Infor, the industry cloud company, announced a new partnership with DailyPay, the Fintech focused on-demand pay, to offer its customers the ability to “provide employees with easy and quick access to their earned wages.” Through this partnership, customers using Infor Workforce Management solutions can provide… Read More

November 17, 2023 @ 11:37 am By JD Alois  |  

Avalanche has been on a roll in recent days. An announcement that JP Morgan was working on a pilot with Avalanche to investigate the tokenization of assets saw the price of Avalanche (AVAX) to rocket higher. Avalanche is a high-performance blockchain that aims to be… Read More

November 17, 2023 @ 11:36 am By JD Alois  |  

The Securities and Exchange Commission, Small Business Capital Formation Advisory Committee (SBCFAC), has scheduled a meeting for the end of this month on November 20, 2023. The meeting will begin at 10:00 ET and will be open to the public via a live stream on… Read More

November 17, 2023 @ 10:05 am By Omar Faridi  |  

lastminute.com N.V., the European Travel-Tech firm focused on Dynamic Holiday Packages, announces its appointment of Checkout.com as its global payment service provider. Recently celebrating its 25-year anniversary, the lastminute Group is described as “an iconic online travel destination serving millions of customers annually with holiday… Read More

November 17, 2023 @ 9:56 am By JD Alois  |  

Distributed ledger technology, or blockchain, received some good news regarding its utility in establishment finance. Speaking at the annual Singapore Fintech Festival, Umar Farooq, JP Morgan’s (NYSE:JPM) Global Head of Financial Institution Payments, said that JPM Coin is now doing approximately $1 billion daily in… Read More

November 17, 2023 @ 9:24 am By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), the digital personal finance company, today announced the launch of the SoFi Enhanced Yield ETF (ticker: THTA). With THTA, SoFi is providing a distinct way “to generate monthly income for investors who are seeking a distinct way to do so, with… Read More