November 28, 2022 @ 8:37 am By Alex Zeltcer  |  

There’s no doubt in the minds of financial organizations and anti-laundering regulators that Know Your Customer (KYC) verified accounts prevent fraudulent activity– and that’s exactly the problem. In the early 1990s, governments around the globe had a growing concern about preventing the increasingly connected banking… Read More

November 28, 2022 @ 8:18 am By JD Alois  |  

Ettle, a blockchain startup, has announced a pilot transaction for an Australian dollar-based stablecoin AUDE. According to a company statement, Ettle partnered with Meadow Labs in the experiment to make a payment using the AUDE to one of its contractors. Ettle says it is utilizing… Read More

November 28, 2022 @ 7:38 am By Omar Faridi  |  

In an effort to maximize loan officer efficiency and build trust with borrowers, Blend (NYSE:BLND) launched the Loan Officer Toolkit in March 2021. With streamlined workflows across the entire mortgage loan process, the LO Toolkit “enables LOs to focus on building both consumer relationships and… Read More

November 28, 2022 @ 7:35 am By Omar Faridi  |  

Darksquare, which aims to open up the world of alternative investments to individuals, has secured 98% (£197,350) of its £200,002 fundraising target from 82 investors (at the time of writing) with 23 days left in the firm’s crowdfunding campaign, carried out via Seedrs. Located in… Read More

November 27, 2022 @ 11:44 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC), has scheduled its next meeting for December 8, 2022. The IAC was created under the Dodd-Frank Act and holds a mission to protect investor interests but has tended to overweight investor protection over investor access… Read More

November 27, 2022 @ 11:23 pm By Omar Faridi  |  

CertiK has unveiled “an underground ring of KYC actors for hire, used by rogue developers to scam Web3 communities.” Basic KYC verifications “are regularly effective at annoying honest retail users, but unfortunately less so at stopping determined criminals from defrauding victims and laundering their stolen… Read More

November 27, 2022 @ 10:58 pm By Omar Faridi  |  

The bankruptcy of cryptocurrency exchange FTX has “highlighted the risk of crypto investment with a number of investors having to write off their losses” including Singapore state investment firm Temasek Holdings (Private) Ltd. The company recently announced that “it would write off $275 million invested… Read More

November 27, 2022 @ 10:44 pm By JD Alois  |  

The US Senate Committee on Agriculture, Nutrition, and Forestry will hold a hearing titled “Why Congress Needs to Act: Lessons Learned from the FTX Collapse.”  The Committee has oversight of FTX due to the fact that certain crypto assets are regulated by the Commodities Futures Trading Commission… Read More

November 27, 2022 @ 9:25 pm By Omar Faridi  |  

Checkout.com, the cloud-based payments service provider, announced a partnership with Xiaomi in order “to provide an end-to-end payment solution for its Hong Kong and Macau payments.” The partnership will “enable Xiaomi to greatly simplify the payment process to support its global payment strategy and development… Read More

November 27, 2022 @ 9:01 pm By Omar Faridi  |  

Both deal activity and deal value on the Carta platform have “declined in every quarter of 2022, falling back to pre-pandemic levels.” That’s a sharp reversal from last year, “when startup investment was propelled to new heights.” This year, deal volume in Q3 “was down… Read More

November 27, 2022 @ 8:41 pm By Omar Faridi  |  

The full-stack Web3 infrastructure provider, Particle Network, has “gone live with the Alchemy Pay Onramp Solution for its wallet.” The integration “means users can pay with their preferred fiat payment methods directly to seamlessly buy crypto and fund their Particle wallet.” Alchemy Pay’s payment gateway… Read More

November 27, 2022 @ 8:27 pm By Omar Faridi  |  

With all eyes on centralized exchanges after the collapse of Celsius, Voyager, and now FTX, –  ZenGo and Banxa have partnered “to enable the most simple and trusted crypto onramp directly into the industry’s most secure crypto wallet with no private key vulnerability.” This partnership… Read More

November 27, 2022 @ 8:02 pm By Omar Faridi  |  

1 in 2 Google Chrome Extensions have potential to wreak havoc,” Incogni Research shows. Data removal company Incogni analyzed “the risk profiles of 1,237 Chrome extensions available on the Chrome Web Store.” The study reveals “that 1 in 2 Chrome extensions (48.66%) has a High… Read More

November 27, 2022 @ 7:59 pm By Omar Faridi  |  

Binance‘s management has answered a few follow-up questions from the community about “how funds and wallets are managed at Binance.” Binance explains that it “holds all of its clients’ crypto-assets in segregated accounts which are identified separately from any accounts used to hold crypto-assets belonging… Read More

November 27, 2022 @ 7:27 pm By Omar Faridi  |  

Infineon Technologies AG and Fingerprint Cards AB announced the signing of a joint development and commercialization agreement of a plug-and-play turnkey solution for “a biometric payment smart card.” The goal of the cooperation is “to make biometric smart card production as simple and easy as… Read More

November 27, 2022 @ 6:11 pm By Omar Faridi  |  

Inflation and uncertain economic times are “keeping many Gen Zers at home with their families,” according to an update from DailyPay. Around 54% of 18-25-year-olds have “made the choice to live with their parents given the current economic climate,” according to a new study of… Read More

November 27, 2022 @ 5:17 pm By Omar Faridi  |  

Deepki, the ESG data intelligence firm, has announced three senior hires who join its Leadership Committee “as it pursues its global growth strategy.” Deepki claims it is the only company in the world “offering a fully populated ESG data intelligence platform to help commercial real… Read More

November 27, 2022 @ 3:58 pm By Omar Faridi  |  

Thunes, a global cross-border payments network, announced that it has partnered with Tencent Financial Technology, Tencent’s fintech arm, “becoming the first payment infrastructure partner connecting with it.” This collaboration will “allow members of Thunes‘ global network to send international payments to Weixin users, giving them… Read More

November 27, 2022 @ 2:57 pm By Omar Faridi  |  

CV VC recently published an inaugural German Blockchain Report following its newest and fourth ecosystem hub opening, CV Labs Berlin. The report provides “a structural overview of Europe‘s top-ranked blockchain country, and its publication highlights CV VC’s commitment to building sustainable and connected global ecosystems… Read More

November 26, 2022 @ 9:07 pm By Omar Faridi  |  

CBA has launched a new credit score hub “to help customers improve their financial wellbeing, as new research reveals only 1 in 5 Aussies have checked their personal credit score in the past 6 months, with around a third unsure what a credit score is.”… Read More