December 16, 2022 @ 8:25 am By Omar Faridi  |  

Paysafe’s (NYSE: PSFE) cash arm – viafintech – has started a new partnership with Germany’s third-largest bank by number of customers, ING Germany. From today, more than nine million ING customers “can make cash deposits or withdrawals from their current account at participating retailers across… Read More

December 15, 2022 @ 11:48 pm By Omar Faridi  |  

NOW Money, the GCC’s first mobile banking solution focused on financial inclusion, and ThetaRay, a provider of AI-powered transaction monitoring technology, announced a collaboration to implement ThetaRay’s cloud-based AML solution “to monitor cross-border payments and support in the prevention of financial crimes and money laundering… Read More

December 15, 2022 @ 10:43 pm By Omar Faridi  |  

Ibanera, a global banking and payments company, announced the launch of its new partnership with Cross River, a technology infrastructure provider that offers embedded financial solutions, “to power Ibanera’s digital banking platform and payments capabilities with its API driven platform and proprietary banking core.” Michael… Read More

December 15, 2022 @ 9:51 pm By Omar Faridi  |  

Cashfree Payments, India’s leading payments and API banking solutions company, is enabling eUPP (eLite Unified Payment Platform), a fee payment management system for schools and colleges, “to offer an instant and secure fee payments experience for end users.” Currently, through this partnership, “more than 500… Read More

December 15, 2022 @ 9:41 pm By Omar Faridi  |  

Recently, in Brussels, it was announced that the Government of Viet Nam will pursue an ambitious national effort under a Just Energy Transition Partnership (JETP) in order to ramp up renewable energy and “accelerate the phasing down of fossil fuels, alongside investment in transition-aligned jobs… Read More

December 15, 2022 @ 9:39 pm By Omar Faridi  |  

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology and market infrastructure, and BNY Mellon | Pershing, a provider of clearing and custody solutions, announced that the web-based version of the ICE Connect wealth management platform has been “integrated into BNY Mellon |… Read More

December 15, 2022 @ 6:16 pm By JD Alois  |  

Birchal, the leading securities crowdfunding platform in Australia (crowd-sourced funding), has returned with its annual report on crowdfunding in the country.  As Birchal books more than 70% of Australia’s offering volume, the platform closely tracks sector growth. Birchal reports that the top 20 online securities… Read More

December 15, 2022 @ 5:08 pm By JD Alois  |  

FTX has filed a new document with the courts indicating its intent to sell multiple assets. FTX CEO John J. Ray, III, stated earlier this week his intent to sell certain assets as it moves to recoup funds in the bankrupt operation. Included on the… Read More

December 15, 2022 @ 4:48 pm By JD Alois  |  

Airwallex has been selected by TripActions to power cross-border payments and currency exchange for TripActions Liquid, its corporate card, and expense management solution. Ravi Adusumilli, Global Head of Partnerships and General Manager of Americas at Airwallex, says identifying faster and safer ways to move and… Read More

December 15, 2022 @ 3:09 pm By Omar Faridi  |  

Sommelier, the automated DeFi portfolio management platform, announces that it has launched Ethereum DeFi strategy tokens “for the first time on Injective, a layer 1 Cosmos blockchain optimized for finance.” Sommelier is a blockchain/DLT-based platform “built with the Cosmos SDK that executes advanced crypto portfolio… Read More

December 15, 2022 @ 12:40 pm By JD Alois  |  

This past Tuesday, the House Committee on Financial Services hosted a hearing with a single witness – John J. Ray, III, the new CEO of FTX. Originally, the Committee had scheduled the former CEO of FTX, Sam Bankman-Fried, to testify, but his arrest the day… Read More

December 15, 2022 @ 11:08 am By JD Alois  |  

The European Central Bank (ECB) announced an interest rate increase of 50 basis points today on three key rates following similar decions by the Bank of England and the US Federal Reserve. The goal is to halt persistent inflation, which is decimating economies around the… Read More

December 15, 2022 @ 10:01 am By JD Alois  |  

SPV [Special Purpose Vehicle] platform Assure is calling it quits. Assure aimed to leverage a reduction in cost to creating SPVs by leveraging technology. SPVs are typically utilized for grouping investments in private companies offering a more streamlined legal process in managing the investment. The… Read More

December 15, 2022 @ 9:48 am By JD Alois  |  

ZA Bank has announced a currency exchange service. The digital bank states that the service will incorporate zero handling fees with no additional charges and real-time quotations to offer users a transparent experience. Last month, Wise, a digital currency transfer and payment provider, announced services… Read More

December 15, 2022 @ 9:40 am By JD Alois  |  

The British Business Bank has appointed Eilish Jamieson and Matthew Elderfield as new non-executive Directors (NEDs) to the board of British Business Bank plc, effective from 21 and 22 November 2022, respectively. Jamieson was previously the Head of Audit at Goldman Sachs, where she led… Read More

December 15, 2022 @ 9:21 am By JD Alois  |  

The Bank of England’s Monetary Policy Committee (MPC) has increased its Bank Rate by 50 basis points to 3.5%. According to a statement by the Bank, the MPC vote was 6 to 3, with one member advocating for a 75 basis point increase and two… Read More

December 15, 2022 @ 8:04 am By Omar Faridi  |  

Zurich-based digital financial services provider, bob Finance, has successfully migrated its full lending portfolio to Mambu’s cloud-native banking platform. This migration “included a move to a locally-based Google Cloud.” bob Finance is “a branch of Valora Schweiz AG, the leading provider of Foodvenience in Switzerland.”… Read More

December 15, 2022 @ 8:03 am By Omar Faridi  |  

Kaiju ETF Advisors announced the launch of BTD Capital Fund, an AI-driven actively managed ETF. By harnessing the power of big data and artificial intelligence, the company “believes it has eliminated the guesswork in finding dips.” While most ETFs track indices or sectors, DIP seeks… Read More

December 15, 2022 @ 8:01 am By Omar Faridi  |  

Banking Circle Group is pleased to announce that Jim Snabe will become the Chairperson of its Advisory Board. Jim Snabe will work closely with Banking Circle Group CEO & Co- founder, Anders la Cour, and the majority shareholder EQT VIII, “to continue the rapid profitable… Read More

December 14, 2022 @ 11:05 pm By Omar Faridi  |  

Azentio Software, a Singapore-headquartered technology firm owned by funds managed by Apax Partners, announced that National Bonds, the UAE’s Shariah-compliant savings and investment company owned by the Investment Corporation of Dubai, has “selected Azentio’s Islamic Banking solution, iMAL, to support its quest to improve process… Read More