May 17, 2023 @ 9:22 am By JD Alois  |  

On Monday, Coinbase (NASDAQ:COIN) revealed that the Securities and Exchange Commission (SEC) has finally responded to its request for rulemaking on digital assets. That answer was as anticipated as the Commission declined to pursue new rules. Last month, Paul Grewal, the Chief Legal Officer of… Read More

May 17, 2023 @ 8:32 am By Omar Faridi  |  

SIX, the global financial information provider, and FlexTrade Systems, a global firm focused on multi-asset execution and order management systems, have announced the integration and availability, as of now, of global real-time market pricing and reference data from SIX, into the Spark cloud-based EMS solution…. Read More

May 17, 2023 @ 8:27 am By Omar Faridi  |  

Standard Chartered (LON: STAN) and one of the “largest” merchant acquirers, Worldpay from FIS, have announced a strategic partnership “to expand the market coverage of, and enable new capabilities on, Straight2Bank Pay, the Bank’s one-stop digital collections gateway for merchants.” This global partnership is considered… Read More

May 17, 2023 @ 8:24 am By Omar Faridi  |  

LHV Bank, a provider of banking services to fintechs and SME lending solutions for UK businesses, announces the extension of its maximum loan size to £5 million, enabling further support for UK SMEs aiming to grow. LHV Bank’s Manchester-based SME lending team “offers commercial mortgages… Read More

May 17, 2023 @ 8:22 am By Omar Faridi  |  

Smart, the London-headquartered fintech transforming the global retirement savings market, today announces it has closed its $95m Series E funding in a round led by Aquiline Capital Partners LLC, a private investment firm based in New York and London. Existing investors participating in the investment… Read More

May 17, 2023 @ 8:20 am By Omar Faridi  |  

Stearns Bank N.A. has partnered with Sardine, a provider of risk management and compliance solutions, to enhance Stearns Bank’s fintech program. This collaboration marks a “first-of-its-kind” approach in community banking “to provide an all-in-one risk management and compliance platform for sponsored programs to address evolving… Read More

May 17, 2023 @ 8:18 am By Omar Faridi  |  

Jack Henry (Nasdaq: JKHY) announced that it is operationally ready to support the launch of the Federal Reserve’s real-time payments network, the FedNowSM Service. Jack Henry has actively “participated in the development of the newest network, expected to launch in July 2023.” More than 20… Read More

May 17, 2023 @ 6:30 am By Omar Faridi  |  

The Centre for the Fourth Industrial Revolution Malaysia (C4IR Malaysia) was officially launched by the Prime Minister of Malaysia, Anwar Ibrahim, and the President of the World Economic Forum, Børge Brende. C4IR Malaysia will “play a crucial role in driving the advancement of the digital… Read More

May 16, 2023 @ 11:01 pm By JD Alois  |  

CryptoUK, a UK-based advocacy group supporting digital asset innovation, has slammed comments made by the UK Treasury Committee that has been reviewing the crypto industry in the country. CryptoUK criticized the statement that denigrated digital asset markets, with the Committee describing crypto as follows: “Unbacked… Read More

May 16, 2023 @ 10:39 pm By Omar Faridi  |  

Tipalti, the global payables automation platform, announced today it has raised $150 million in incremental growth financing from JPMorgan Chase Bank and Hercules Capital, Inc. (NYSE: HTGC). Coming on the heels of a $270 million Series F in 2021 “that brought the company’s total funding… Read More

May 16, 2023 @ 10:38 pm By Omar Faridi  |  

DelfinGroup reports that the company increased its revenue by 46% in the first quarter of 2023, reaching €11.1 million compared to the same period last year. Furthermore, the company’s profit before taxes “increased by 16% to reach 1.8 million euros.” The company further shares “that… Read More

May 16, 2023 @ 10:35 pm By Omar Faridi  |  

Debitum partners from Poland and UK – financing company Flexidea Polska and Triple Dragon – have released 3 new ABS programs. Debitum is “a digital debt marketplace that aggregates business loans from SMEs across Europe for diversified investment.” Debitum enables investors “to access an alternative… Read More

May 16, 2023 @ 10:33 pm By Omar Faridi  |  

The first quarter of 2023 started and ended with “a bang,” according to Bondora. After February had some of the highest origination and investment figures Bondora has seen post-pandemic, March statistics reportedly surpassed “all previous records to set new all-time highs. Investments and originations topped… Read More

May 16, 2023 @ 10:31 pm By JD Alois  |  

A UK Parliament Treasury Committee is calling for crypto to be regulated like gambling. This is due to significant risks to consumers as well as the heightened volatility of digital assets. Currently, around 10% of the UK population holds crypto. The Committee, which includes members… Read More

May 16, 2023 @ 10:09 pm By Omar Faridi  |  

Emirates Islamic, which claims to be one of the leading Islamic financial institutions in the UAE, has launched the new Emarati Absher Business Account designed exclusively “to provide a comprehensive suite of premium banking solutions for Emarati start-ups in the UAE.” The new business banking… Read More

May 16, 2023 @ 10:07 pm By Omar Faridi  |  

Macau Pass has been officially approved to provide acquiring services to Alipay+ market-leading partner e-wallets from the Philippines, Malaysia, and Thailand. This means that in addition to Alipay, AlipayHK, WeChat Pay, Simple Pay and other e-wallets launched by other banks in Macau, Macau Pass payment… Read More

May 16, 2023 @ 4:11 pm By Omar Faridi  |  

Users will be able to create dApps with wallet-based authentication and equip digital assets with DIDs. Apillon claims that it “marks a new important milestone by introducing a next-gen Web3 authentication service, powered by KILT Protocol, to the Apillon platform.” As devs will be able… Read More

May 16, 2023 @ 4:03 pm By JD Alois  |  

Going Public, a series focused on entrepreneurship and capital formation has signed an agreement to stream the series on a dedicated partner page on MarketWatch later this year. MarketWatch is part of Dow Jones, the company that publishes WJS.com, Barrons, and more. While hosted on… Read More

May 16, 2023 @ 3:17 pm By Omar Faridi  |  

The European Union (EU) brings crypto-assets, crypto-assets issuers, and crypto-asset service providers under a regulatory framework. Last month after several delays, the European Parliament adopted MiCA or Markets in Crypto-Assets regulation. This legislative development aims to allow all EU member states to provide digital asset… Read More

May 16, 2023 @ 11:57 am By JD Alois  |  

A digital campaign is ongoing targeting Senator Sherrod Brown, Chairman of the Senate Banking Committee, on the issue of digital assets. On Twitter, the promotion states: “Ohio, it’s time for Sen. Brown to support digital assets. Digital assets help sustain job growth for the American… Read More