Digital Asset Exchange Luno Cuts 35% of Staff, Citing Tough Market Conditions

Digital asset exchange Luno will reportedly be cutting 35% of Its staff. Luno’s management stated that the upcoming job cuts will impact company workers in all supported regions. Luno is part of the Digital Currency Group (DCG) and reports having over ten million customers globally…. Read More

Klarna Introduces Money Story, an Overview of Clients’ Spending in 2022

Klarna, which claims to be the global leader in the generational shift away from credit cards,  announced the launch of Money Story in the US Klarna App – “a personal spending summary of 2022 that provides millions of consumers with useful insights into their spending… Read More

SongBits: New Platform Plans to Allow Individuals to Invest in Parts of Songs

SongBits.com is a new platform that is planning to launch later this year that will allow users to invest in “a bit of a song from world-class artists.” Investors may then share in the song’s streaming revenues for life, according to the company. A private… Read More

Half of Young Brazilians Ready to Go into Debt to Invest in their Own Business, Survey Reveals

Young Brazilians already “demonstrate mastery of basic concepts of financial education and how to spend money thinking about the future,” according to an update shared by C6 Bank. The most recent survey by C6 Bank/Datafolha indicated, for example, “that 50% of boys and girls aged… Read More

PayPal Ventures Invests in MENA Region Fintech Tabby’s $58M Series C

Tabby, one of MENA’s shopping and financial services apps, has raised $58 million from Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures and Endeavor Catalyst in a Series C round which values the company at $660 million. The fundraise will be used… Read More

Philippines: Digital Banking Platform GoTyme Bank Partners with Mambu to Streamline Financial Services

Newly launched Filipino digital bank GoTyme Bank has partnered with global cloud banking platform Mambu in order “to deliver an innovative digital banking solution that is aiming to improve access to high quality financial services for Filipinos.” Singapore-based Tyme Group, which has partnered with Gokongwei… Read More

Open Finance: Nubank Allows Clients to Access Balance from Other Institutions via App

Nubank (NYSE: NU) has launched a new functionality that allows customers to view, within the Nu application, the balance of all their bank accounts linked to Open Finance. The tool is still “in the testing phase, and will initially be offered to 300,000 customers that… Read More

Fintech Pine Labs Acquires Enterprise Platform from Bengaluru’s Saluto Wellness Private Ltd

Merchant commerce omnichannel company, Pine Labs announced that it has acquired a proprietary enterprise platform from Bengaluru-based Saluto Wellness Private Limited. This acquisition will “boost the capabilities of Pine Labs’ Issuing Business under the Qwikcilver brand, enabling it to strengthen its offerings across employee rewards… Read More

DeFi Integrates Technical, Financial, Socio-Economic Complexity in Unprecedented Way: Report

Decentralized finance (DeFi) builds on distributed ledger technologies (DLT) “to offer services such as trading, lending and investing without using a traditional centralized intermediary,” according to finding shared by the Bank for International Settlements (BIS). The fact that DeFi components can be programmed “may open… Read More

LendingClub Posts In Line Results for Q4, Full Year 2022. Offers 2023 Q1 Guidance

LendingClub (NYSE:LC), a top digital bank and online lending platform, has posted Q4 earnings along with full-year 2022 results today after the market close. The results were effectively in line with LendingClub’s pre-release of results earlier this month. At that time, LendingClub announced that it was… Read More




ICE Introduces Digital Trade Documents to Digitize Paper-Based Post-Trade Processes

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology, and market infrastructure, announced the launch of ICE Digital Trade Documents (ICE DTD) for the energy industry, a configurable solution “digitizing post-trade and shipping processes for physically delivered commodities including oil, gas and petrochemicals.”… Read More

UAE’s B2B Fintech Alaan Secures $4.5M via Pre-Series A Round

UAE-based Alaan, the spend management platform for Middle Eastern businesses, announced that it has raised $4.5 million pre-Series A funding, “backed by Presight Capital, Y Combinator, and angel investors.” Together with the $2.5 million seed round last year, Alaan has “raised a total of $7… Read More

Sandbar Secures $4.8M to Combat Financial Crime with Transaction Monitoring Software

Sandbar, a provider of anti-money laundering, fraud, and counter-terrorism risk detection software, announced the availability of its product and a $4.8 million seed investment led by Lachy Groom and Abstract Ventures. Other participating investors “include BoxGroup, as well as more than 45 angel investors including… Read More

Crypto Options Exchange Deribit Selects Eventus for Trade Surveillance Platform

Eventus, a global provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has “selected the firm’s Validus platform to provide market abuse monitoring on the exchange.” Headquartered in Panama City, Panama, Deribit claims it is among the… Read More

Pismo, Sumsub to Offer Identity Verification in Banking Transactions

Managing compliance risks can feel intimidating, “especially because identity crime and fraud attempts jumped by 36% in 2021 relative to 2020,” according to the Identity Theft Resource Center. As global regulations and accessibility increase, so do compliance risks. To ensure secure operations and offer a… Read More

France: AMF Comments on Investment Crowdfunding – “An Investment of Conviction”

The French Autorité des Marchés Financiers (AMF) has posted a comment on its website commenting on investment crowdfunding. The AMF notes to change to online capital formation under EU harmonized rules or European Crowdfunding Service Providers Regulation (ECSPR). The AMF explains: Crowdfunding: a regime undergoing… Read More

Germany: Robo-Advisor Ginman Looks to Expand into Digital Assets

Ginman, a Germany-based Robo-advisor, is looking to expand into digital assets, according to a note from the firm. Ginman historically has focused on equities – more specifically, ETFs or exchange-traded funds. As it seeks to add digital assets as an investment option, Ginman has added… Read More

Digital Assets Market Makes Remarkable Rebound, Metaverse, Smart Contract Sectors Performing Well: Coinmetrics Report

In a report titled, Monitoring the Currents of the Crypto Market, Matías Andrade and Kyle Waters from Coinmetrics noted that the digital asset market is “experiencing a surge in activity as we kick off the new year. The update from Coinmetrics points out that Bitcoin… Read More

UK Financial Services Firms Could Provide More Secure Services by Leveraging Phishing-Resistant Tech: Report

The United Kingdom has consistently taken a strong position on cybersecurity, “recognizing the need to drive awareness and responsiveness on a national scale,” according to an update from Hypr, the passwordless service provider. It reportedly “established the National Cybersecurity Centre in 2016, has among the… Read More

BNPL: B2B Buy Now Pay Later Platform Tranch Raises $100M Seed Round

Tranch, a buy now pay later (BNPL) platform for SaaS sellers and services providers, has raised $100 million in seed equity and debt funding “to bring payment flexibility to a wider pool of B2B customers.” The investment round was “led by Soma Capital (New York-based… Read More

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