November 15, 2022 @ 9:27 am By Omar Faridi  |  

Genesis Global, the low-code application development platform purpose-built for financial markets organizations, announced partnerships “with Chenoa Information Systems, Flylance, Future Workforce, Luxoft, a DXC Technology Company, Velocity Investment Solutions and Wissen Technology.” Each firm has “a specialty in financial services and, with expertise in process… Read More

November 15, 2022 @ 9:19 am By JD Alois  |  

An initial filing pertaining to the Chapter 11 filing for FTX and affiliated firms has surfaced today. Filed yesterday by new leadership at FTX to manage the bankruptcy proceedings, the document notes there are over 100,000 creditors with claims – a number that can balloon… Read More

November 15, 2022 @ 8:32 am By Omar Faridi  |  

LSEG (London Stock Exchange Group) and Mizuho Financial Group, Inc., one of Japan’s leading global financial institutions, announced an agreement “to collaborate in providing sustainability solutions to the bank’s corporate clients.” The agreement will enable Mizuho “to strengthen its offering to customers by combining LSEG’s… Read More

November 15, 2022 @ 8:29 am By Omar Faridi  |  

Klarpay AG marks a significant expansion of its international payment capabilities “with the launch of dedicated USD and GBP Accounts.” This addition “enables digital companies, including online merchants, ad networks, marketplaces, and influencers, to collect and disburse USD and GBP payments globally via their corporate… Read More

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

UK BaaS (Banking as a Service) fintech firm Griffin and global FS OS (Financial Services Operating System) 11:FS Foundry announced a new partnership “to help businesses actualise the benefits of embedded finance – the process of building new fintech products and embedding financial services directly… Read More

November 14, 2022 @ 11:25 pm By Omar Faridi  |  

ComplyAdvantage, a global data technology company transforming financial crime risk detection, announces a training program “designed to help compliance teams navigate potential threats when onboarding customers.” Financial institutions must legally “vet new clients for money laundering, terrorist financing, sanctions evasion, and corruption before providing access… Read More

November 14, 2022 @ 10:26 pm By Omar Faridi  |  

Credisense, a no-code origination, workflow and credit decisioning platform, has partnered with cloud-native SaaS banking and financial services platform Mambu, “to accelerate the modernization of lending systems in the Asia Pacific market.” The partnership will “provide lenders of all sizes with a flexible end-to-end lending… Read More

November 14, 2022 @ 9:47 pm By Omar Faridi  |  

Alipay+, a suite of cross-border payment and marketing solutions, has supported global online merchant partners “to serve over 100 million e-wallet users as they flock to take up the offers and benefits since the global Double 11 event kicked off on November 1.” The consumers… Read More

November 14, 2022 @ 9:45 pm By JD Alois  |  

BTC Markets CEO Caroline Bowler has distributed a public statement on the FTX bankruptcy and its impact on the overall digital asset industry. BTC Markets is an Australian exchange that says it has set the industry standard for compliance in Australia. Last month, it announced… Read More

November 14, 2022 @ 9:23 pm By JD Alois  |  

ADDX, a Singapore-regulated digital assets exchange for private securities, has received an additional $20 million in new capital as part of a “pre-Series B” funding round. The money came from both existing and new investors – notably, Korea’s largest banking group – KB Financial Group… Read More

November 14, 2022 @ 9:04 pm By Omar Faridi  |  

Binance, which claims to be the world’s “leading” blockchain ecosystem and cryptocurrency infrastructure provider, entered into a joint venture (JV) agreement with Royal Group of Companies, Cambodia’s strategic investment holding company, “to solidify the relationship between the two parties and to expand blockchain ecosystem in… Read More

November 14, 2022 @ 8:10 pm By Omar Faridi  |  

Nubank (NYSE: NU) announced to all its eligible customers the possibility of “opening an account with a debit card for those under 18 years of age.” The novelty, which passed through an initial phase of testing which started in June and has already “registered a… Read More

November 14, 2022 @ 8:06 pm By Omar Faridi  |  

As part of its mission to promote financial equity and inclusion for all working Americans, DailyPay has teamed up with the veteran-run Coordinated Assistance Network (CAN) to “make free financial coaching and counseling available to millions of DailyPay users.” Partnering with America’s employers, DailyPay enables… Read More

November 14, 2022 @ 6:38 pm By Omar Faridi  |  

Northern Trust (Nasdaq: NTRS) and Equity Data Science, Inc. announced the launch of an ESG workflow solution that will allow investors “to more quickly access and share ESG information.” The new ESG digitized data aggregation tool “leverages data science to help increase transparency while enhancing… Read More

November 14, 2022 @ 6:24 pm By JD Alois  |  

Chengpeng “CZ” Zhou, the founder and CEO of Binance, announced a new “Industry Recovery Fund” following the collapse of FTX and the affiliated collateral damage that has harmed numerous crypto firms. Revealed via Twitter, CZ stated: To reduce further cascading negative effects of FTX, Binance… Read More

November 14, 2022 @ 5:47 pm By Omar Faridi  |  

Copper.co, provider of institutional digital asset custody and trading solutions, announces  that it “has $500m of insurance for digital assets in cold storage.” Cover has been “arranged by global professional services firm Aon (NYSE: AON), using a panel of insurers led by Canopius, a global… Read More

November 14, 2022 @ 4:11 pm By JD Alois  |  

The bankruptcy of FTX and many of its affiliated entities have pummeled all crypto markets. Many observers wonder if there is another shoe to drop. Meanwhile, crypto-associated firms continue to make announcements regarding any impact the collapse of crypto may have on their operations. It… Read More

November 14, 2022 @ 3:37 pm By Omar Faridi  |  

Just over a year after the start of the vehicle financing operation, C6 Bank launches the C6 Auto Financial Protection Insurance. Offered in partnership with Fairfax Seguros (FF Seguros) and also known as credit life, the product “guarantees that the financing assumed by the vehicle… Read More

November 14, 2022 @ 2:37 pm By Omar Faridi  |  

C2FO, the on-demand working capital platform, announced the addition of two new executive roles to its leadership team, “naming Dan Karas as its first chief credit officer and promoting Controller Bri Simoneau as the first chief accounting officer.” Karas brings extensive leadership experience “in lending… Read More

November 14, 2022 @ 12:26 pm By JD Alois  |  

  One of the key elements of online capital formation is the fact that geography is not as important. While traditional venture hubs, like the Bay area and New York City, continue to garner much of the activity in securities crowdfunding, expanding access to capital… Read More