December 26, 2022 @ 8:34 am By Omar Faridi  |  

A joint research effort between the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology into the technical feasibility of a potential central bank digital currency “is now complete.” The Boston Fed’s work on CBDC with MIT’s Digital Currency Initiative is known as… Read More

December 26, 2022 @ 8:33 am By Omar Faridi  |  

Quantbase has introduced an investment platform with Alpaca Broker API. Som Mohapatra, CIO and Co-founder at Quantbase, explains that the business is a YC-backed investment company that “helps makes it simple for financial companies and individuals with an audience to turn their investment research/data into an… Read More

December 26, 2022 @ 8:17 am By Omar Faridi  |  

In yet another step towards democratizing access to the world of cryptocurrencies in Latin America, Nubank (NYSE: NU) announced two more digital currencies as part of the Nubank Cripto experience, currently “available to more than 67 million of customers in Brazil.” Launched in May “with… Read More

December 26, 2022 @ 8:15 am By Omar Faridi  |  

Strata Identity, the Identity Orchestration Company, and HYPR, the Passwordless CompanyTM, announced a partnership that “enables phishing-resistant MFA to be added to any modern, legacy, or custom application without rewriting the source code.” This unique capability is “made possible via an abstraction layer that decouples… Read More

December 25, 2022 @ 10:56 pm By Omar Faridi  |  

Business management platform MYOB has partnered with Amaka in order “to roll out added inventory synchronisation capabilities for their existing Shopify + MYOB Business integration.” The inventory sync “allows MYOB Business users to maximize the functionality of MYOB’s recently released inventory management solution.” Pedram Afshar,… Read More

December 25, 2022 @ 9:37 pm By Omar Faridi  |  

Greenlight Financial Technology, Inc., the fintech company on a mission to help parents raise financially-smart, independent kids, announced Greenlight for Classrooms, a new web-based financial literacy library “designed for teachers, aligned with the K-12 national standards.” Starting in 2023, the product will be “available for… Read More

December 24, 2022 @ 5:38 pm By Omar Faridi  |  

Customers who have a Global Account with C6 Bank with a balance in euros have a new feature that “allows them to make international transfers in foreign currency.” The option, which was already available in the Global Dollar Account offered by C6 Bank, serves those… Read More

December 24, 2022 @ 4:07 pm By Omar Faridi  |  

Vator Securities, a corporate finance and advisory service provider, has chosen Bricknode’s digital investment management platform “to administer share issues.” Since its launch in 2010, Vator Securities has “focused on financing growth companies through a range of issuance services.” Vator raises capital “from local and… Read More

December 24, 2022 @ 3:17 pm By Omar Faridi  |  

The TON Foundation, a non-profit association of developers and enthusiasts that exists to advance The Open Network (TON), has announced a global hackathon in collaboration with DoraHacks, a global hacker organization that “acts as a bridge, connecting hackers to enterprise challenges and entrepreneurial ideas.” Titled,… Read More

December 24, 2022 @ 2:20 pm By Omar Faridi  |  

Lightning Network focused LQwD Fintech Corp. announced that it has released a new and updated version of lqwd.tech, the company’s proprietary, non-custodial Lightning Network Software as a Service platform (SaaS). LQwD’s Lightning Network platform “makes it easier for institutions, businesses, and users, to integrate and… Read More

December 24, 2022 @ 1:19 pm By Omar Faridi  |  

SavvyMoney, the provider of innovative credit score solutions, and Alkami, the provider of cloud-based digital banking solutions for banks and credit unions in the U.S., recently signed their 100th shared customer, a key milestone in their expanding partnership. Since its launch in 2019, the number… Read More

December 24, 2022 @ 11:06 am By Omar Faridi  |  

The World Economic Forum has launched the ASEAN Digital Generation Report 2022, the sixth edition of the report since 2017. This year’s report “examines digital financial services, gaps in access and where businesses, governments, and civil society organizations need to improve financial inclusion.” The report… Read More

December 24, 2022 @ 10:37 am By Omar Faridi  |  

The FBI is warning the public that cybercriminals are using search engine advertisement services “to impersonate brands and direct users to malicious sites that host ransomware and steal login credentials and other financial information.” Cybercriminals purchase advertisements that “appear within internet search results using a… Read More

December 24, 2022 @ 9:56 am By Omar Faridi  |  

The latest funding comes from the bank’s largest investor and will be “used to increase loan book and develop new products for SMEs.” Digital SME lender and savings provider Recognise Bank has conditionally “raised a further £25 million in investment from its group’s largest shareholder.”… Read More

December 24, 2022 @ 9:10 am By Omar Faridi  |  

The latest Mintos Risk Score updates based on developments and data from the third quarter of 2022 are now live on Mintos. All details can be found “on the Mintos Risk Score Updates page.” An overview of historical changes in the Mintos Risk Score through… Read More

December 23, 2022 @ 6:43 pm By Omar Faridi  |  

Egypt’s digital restaurant supply chain startup Suplyd recently closes $1.6M funding round Suplyd, a startup that digitizes supply chain operations for the MENA region’s hotels, restaurants, and catering (HORECA) industries, announced their $1.6M pre-seed round funded “by Endure Capital, Seedstars, Camel Ventures, Falak Startups alongside… Read More

December 23, 2022 @ 6:12 pm By JD Alois  |  

Former CEO of Alameda Research Carolyn Ellison has apologized for her misdeeds pertaining to the collapse of FTX as well as Alameda. Gary Wang, FTX co-founder and former CTO, has also acknowledged his errors, according to multiple reports. Both Ellison and Wang have pleaded guilty… Read More

December 23, 2022 @ 4:04 pm By JD Alois  |  

Growth Capital Ventures (GCV) says it booked two exits of portfolio companies during 2022, each “providing profitable returns for all investors.” GCV is an online capital formation platform that promotes itself as a “private investor network” that provides access for individual investors in promising young… Read More

December 23, 2022 @ 3:19 pm By Omar Faridi  |  

UAE-based Fintech Galaxy, the “first” Central Bank-regulated Open Finance platform in the Middle East, announced the acquisition of Underlie, an Egypt-based Open Banking platform offering APIs to banks and businesses. The deal will help “to set FTG’s Open Finance and Open Banking wheels in full… Read More

December 23, 2022 @ 2:02 pm By Omar Faridi  |  

Trulioo, a global digital identity verification platform, is partnering with Beedie Luminaries to support post-secondary students “within the program who are pursuing their studies in science, technology, engineering and mathematics (STEM).” Beedie Luminaries is “a social-profit enterprise that helps remove barriers to education and provides… Read More