May 18, 2023 @ 7:23 am By JD Alois  |  

Digital asset industry participants are pushing back against the Parliament Treasury Committee’s report on crypto that declared the asset class should be treated like gambling. The statement was predicated on the opinion that many cryptocurrencies hold no intrinsic value – except for speculation. The Chair… Read More

May 18, 2023 @ 7:00 am By Omar Faridi  |  

With this key acquisition, Ripple takes on the growing institutional crypto custody market, expected to reach $10T by 2030 Ripple, the Fintech focused on enterprise blockchain and crypto solutions, announced it has acquired Metaco, a Swiss-based provider of digital asset custody and tokenization technology. Diversifying… Read More

May 18, 2023 @ 6:46 am By Omar Faridi  |  

IDEX Biometrics is expanding biometric payment card programs in Turkey with a fourth issuer. This fast growing bank challenger “represents a customer portfolio of more than 10 million customers.” The biometric payment cards from this issuer are “expected to be in consumers’ hands by the… Read More

May 18, 2023 @ 4:24 am By Omar Faridi  |  

FloQast announced that the FloQast Accounting Operations Platform is now available on SAP Store, the online marketplace for SAP and partner offerings. FloQast integrates with SAP S/4HANA and SAP ERP ECC and “allows accounting teams to streamline processes such as reconciliations, documentation requests, and other… Read More

May 17, 2023 @ 11:29 pm By Omar Faridi  |  

Fabrick, a European leader in ‘Open Finance’, announces today the acquisition of Judopay, a UK-based mobile payments company. This deal will allow Fabrick’s Payment Orchestra “to benefit from Judopay’s innovation expertise in digital commerce.” Together, they will “define new models and standards to provide smoother… Read More

May 17, 2023 @ 11:17 pm By Omar Faridi  |  

Digital wealth platform Yield App has partnered with Volt, the global real-time payments gateway, in order “to offer additional GBP and EUR on-ramps via FPS and SEPA Instant.” Yield App customers “can now buy cryptocurrency in real time directly with their bank, thanks to the… Read More

May 17, 2023 @ 10:45 pm By Omar Faridi  |  

Criminals have never had more avenues through which to defraud people, according to an update from ComplyAdvantage. This has been “fueled by the proliferation of technology ranging from instant messaging to new forms of remittance, like P2P and real-time payments.” That’s why ComplyAdvantage, a key… Read More

May 17, 2023 @ 10:24 pm By Omar Faridi  |  

CoinShares International Limited (Nasdaq Stockholm: CS), the European digital asset manager, has published its results for the quarter ending 31st March 2023. Jean-Marie Mognetti, Chief Executive Officer of CoinShares said: “I’m pleased to announce that Q1 2023 has underscored CoinShares’ robust resilience and adaptability. The… Read More

May 17, 2023 @ 10:20 pm By Omar Faridi  |  

River, a Bitcoin technology and financial services startup, announced a $35 million equity round. This series B funding was led by Kingsway Capital. Other contributors to the investment round “included Peter Thiel, Goldcrest, Cygni, M13, Valor Equity Partners, Esas Ventures, and Alarko Ventures.” River is… Read More

May 17, 2023 @ 10:17 pm By Omar Faridi  |  

Matrixport, which claims to be one of the world’s largest and trusted digital assets financial services ecosystems, announced a partnership with Copper.co, an institutional digital asset custody provider, “integrating its pioneering off-exchange collateral management and settlement solution, ClearLoop.” This collaboration “enhances Matrixport’s prime brokerage offerings… Read More

May 17, 2023 @ 10:14 pm By Omar Faridi  |  

Robocash Group recently commented on their latest audited financial statements for 2021-2022. Natalya Ischenko, CEO of Robocash Group, also spoke about the platform’s first results for 2023 and “shared the Group’s immediate plans.” As noted in a blog post by Robo.cash, there were around 30,000… Read More

May 17, 2023 @ 5:19 pm By JD Alois  |  

This morning, a Parliament Treasury Committee issued a report that was highly critical of crypto, announcing that it believes this sector should be regulated similarly to gambling. The Committee said many digital assets have no intrinsic value, creating unecessary risk for UK investors. Today, Innovate… Read More

May 17, 2023 @ 4:54 pm By Omar Faridi  |  

The Addepar Research team leverages the power of Addepar’s unique, anonymized and aggregated data set “to help investors make smarter decisions, offer better advice and improve portfolio performance.” Research reports and insights are available to Addepar clients – leading firms in the investment and wealth… Read More

May 17, 2023 @ 4:52 pm By Omar Faridi  |  

CertiK, the New York-based blockchain security company, and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced the signing of a partnership to provide blockchain security services to cloud-based Web3 projects. Web3 developers can now “accelerate their development process and secure their… Read More

May 17, 2023 @ 4:45 pm By Omar Faridi  |  

corfinancial, a provider of specialist software and services to the financial services sector, announces the implementation of its Central Securities Depositories Regulation (CSDR) software, SureVu, at Man Group, a global active investment management firm with $144.7 billion of AUM (as of 31st March 2023). SureVu… Read More

May 17, 2023 @ 12:36 pm By Omar Faridi  |  

Global private equity platform Moonfare has hit a strategic milestone with the final close of its second core portfolio, Moonfare Core Portfolio II (Core II), which surpassed its fundraising target, propelling a proprietary Moonfare portfolio beyond the €100m mark for the first time. Moonfare CEO… Read More

May 17, 2023 @ 12:35 pm By Omar Faridi  |  

Zimpler, a fintech company providing seamless and secure account-to-account (A2A) payment solutions, announced the launch of instant cross-border payouts. The feature will allow Zimpler’s customers “to instantly send Euros to all 20 Eurozone countries through SEPA (Single Euro Payments Area), with no hidden fees or… Read More

May 17, 2023 @ 11:35 am By Omar Faridi  |  

Pagaya Technologies LTD. (NASDAQ: PGY), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, announced a partnership with a group of alternative investment firms – Angelo Gordon, ATLAS SP Partners, and Värde Partners – to provide funding for a multi-billion dollar credit… Read More

May 17, 2023 @ 10:47 am By JD Alois  |  

CapitalRise, a specialist prime property finance company, has provided £7.4 million for a loan to develop two detached properties totaling 17,490 sq. ft on a private 15-acre plot of land in affluent Marlow. CapitalRise adds that the property will include leisure facilities such as a… Read More

May 17, 2023 @ 9:32 am By JD Alois  |  

wefox, a Germany-based Insurtech, has raised $110 million in Series D funding along with a $55 million revolving credit facility from Barclays and JP Morgan. The equity capital was raised at a valuation of $4.5 billion. wefox described the funding as buttressing its business model… Read More