May 21, 2023 @ 9:18 am By Omar Faridi  |  

Analysis from online pension provider, PensionBee, reveals that pension savers put significantly more money “aside for their retirement at the start of 2023 than they did in the latter part of 2022, despite persistent levels of high inflation.” The average quarterly contribution amount “for female… Read More

May 21, 2023 @ 6:31 am By Omar Faridi  |  

Amount, a fintech powering banking technology for consumer and small business account opening, loan origination and financing, announces the appointments of Kevin Trilli as Chief Product Officer and Raj Kolluri as Chief Technology Officer. Kevin Trilli, who “brings over 27 years of industry expertise, joins… Read More

May 20, 2023 @ 12:59 pm By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal, today announced select operating results through the first quarter ended March 31, 2023. Kin finished the first quarter of 2023 “with $83.2 million in gross written premium, which was positively impacted by $33.5 million… Read More

May 20, 2023 @ 12:54 pm By Omar Faridi  |  

Cogo – the carbon footprint management company that works with banks to help customers measure, understand and reduce their carbon footprint – and NayaOne – the Global Digital Transformation Platform for financial services firms – are announcing “the launch of a new partnership which will… Read More

May 20, 2023 @ 12:48 pm By Omar Faridi  |  

Paymob, the financial services enabler in the Middle East, North Africa, and Pakistan (MENAP), announces that it has secured Saudi Arabia’s Payment Technical Services Provider (PTSP) certification, making it fully operational in the Kingdom. The PTSP certification, “issued by Saudi Payments is a significant operational… Read More

May 20, 2023 @ 10:38 am By Omar Faridi  |  

Ramp, the finance automation platform helping 15,000+ businesses find time and money savings across transactions, bill payments, and accounting, announced Ramp Intelligence: a suite of tools in financial services, driven by AI, designed to solve customer problems. The launch “represents the most significant evolution of… Read More

May 20, 2023 @ 10:36 am By Omar Faridi  |  

The Hedera Governing Council, which stewards the Hedera open source, leaderless proof-of-stake public network, announced that COFRA Holding has joined the Governing Council. COFRA is “a 182-year-old family enterprise with more than 60,000 employees and business activities in sectors including real estate investment, sustainable food,… Read More

May 20, 2023 @ 10:34 am By Omar Faridi  |  

MerQube UK Limited, a key player focused on the development of technology for indexing and rules-based investing, announces that it has been authorized by the UK’s Financial Conduct Authority (FCA) “to carry on the regulated activity of administering benchmarks under Article 34 of the Regulation… Read More

May 20, 2023 @ 7:30 am By Omar Faridi  |  

Delta Capita, the Financial Services division of Prytek, a global Capital Markets consulting, managed services and technology provider has welcomed Julian Chesser as its new Regional Head of APAC who will be based in Singapore. In this role, Julian will be “responsible for leading all… Read More

May 19, 2023 @ 5:46 pm By JD Alois  |  

T. Raja Kumar of Singapore is the current president of the FATF, and yesterday he issued a call to the G7 to end the “lawless crypto space.” The Financial Action Task Force is a global group that aims to halt money laundering, terrorist financing and… Read More

May 19, 2023 @ 5:26 pm By Omar Faridi  |  

axis, a digital payments platform for small businesses, has launched its services, in partnership with Visa (NYSE: V). axis has obtained the license from the Central Bank of Egypt (CBE) “for its open-loop mobile wallet, offering a digital banking alternative for small businesses and their… Read More

May 19, 2023 @ 3:22 pm By JD Alois  |  

Announced last month,  Boustead Securities, a broker-dealer, now allows US-based investors to trade dual-listed securities on Upstream – part of MERJ Exchange. Upstream is a market providing liquidity for digital securities and is actively seeking firms interested in dual listings – IE companies trading on… Read More

May 19, 2023 @ 3:10 pm By Omar Faridi  |  

MDOTM Ltd, the global provider of AI-driven investment solutions for financial institutions, announces new ChatGPT-powered features in Sphere, its investment platform for institutional investors. The custom integration with ChatGPT APIs will “leverage Sphere’s proprietary insights and explainability data to generate bespoke portfolio commentaries.” These new… Read More

May 19, 2023 @ 3:03 pm By Omar Faridi  |  

Percent, the platform that has created the modern credit marketplace, announced today the successful close of a $30 million Series B funding round, more than doubling the company’s total funding, which now sits at $48.7 million. The investment round was “led by White Star Capital,… Read More

May 19, 2023 @ 3:00 pm By Omar Faridi  |  

Public, an investing platform that allows members to invest in stocks, treasuries, ETFs, crypto, and alternative assets, announced the rollout of Alpha, a project to enhance your investing experience with artificial intelligence powered by OpenAI’s GPT-4. Alpha reportedly “reduces the time retail investors spend researching… Read More

May 19, 2023 @ 2:55 pm By Omar Faridi  |  

UBS Arena, home of the New York Islanders, has partnered with DailyPay, providing the essential financial wellness benefit of on-demand pay to UBS Arena employees. As part of the agreement, DailyPay will be “designated as the official ‘On-Demand Pay Partner’ of UBS Arena and the… Read More

May 19, 2023 @ 12:48 pm By Omar Faridi  |  

Fintech firm Revolut has introduced multi-currency business accounts in Australia and signaled its intention to acquire a banking license in the country. The new business account allows companies to exchange as much as A$75,000 per month, with head of Revolut Business James Gibson revealing to… Read More

May 19, 2023 @ 12:27 pm By Omar Faridi  |  

PYOR (Power Your Own Research), a “pioneer” in enabling high-fidelity data and insights for the digital assets industry, announced $4 million USD of funding in its seed round. The investment round was “led by Castle Island Ventures, with further investment from Hash3, Antler, Future Perfect… Read More

May 19, 2023 @ 11:18 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Federal Reserve Bank of New York’s New York Innovation Center  (NYIC) have published a research report sharing the results of the joint Project Cedar Phase II x Ubin+ (Cedar x Ubin+). Singapore is typically viewed as the… Read More

May 19, 2023 @ 11:02 am By Omar Faridi  |  

ARK36, the Cyprus-based leading alternative investment digital asset fund, has announced today the launch of a proprietary machine learning-based trading software system, “to improve the way its portfolio management team can navigate the dynamic world of cryptocurrency trading.” The new software will “leverage advanced algorithms… Read More