February 15, 2024 @ 8:19 am By Omar Faridi  |  

IDnow, an identity verification platform provider in Europe, joins a consortium of five partners, including the IOTA Foundation and Walt.id, SPYCE.5, and Bloom Labs with the goal of making Crypto Asset Service Providers (CASPs) and self-hosted wallets compliant with the European Anti-Money-Laundering Regulation and the… Read More

February 15, 2024 @ 8:15 am By JD Alois  |  

Mondelēz International (Nasdaq: MDLZ) is the next corporate to join the Hedera Council. The company makes well-known brands like Toblerone, Oreo, Ritz, and more, generating more than $31 billion in revenue annually. The company has a market cap of almost $100 billion. Hedera is the… Read More

February 14, 2024 @ 11:38 pm By Omar Faridi  |  

Banxa Holdings Inc. is pleased to announce it is the first firm in 2024 to register as a cryptoasset business with United Kingdom’s Financial Conduct Authority (FCA). Management believes this is a critical milestone towards “fulfilling Banxa‘s mission to extend the benefits of crypto to… Read More

February 14, 2024 @ 6:32 pm By Omar Faridi  |  

On the cusp of Sunday’s “Big Game” and the upcoming college basketball playoff season, players in the gaming industry can now receive their winnings instantly, thanks to a partnership between Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, and Aeropay, a… Read More

February 14, 2024 @ 6:14 pm By Omar Faridi  |  

Tonik Digital Bank announces its newest strategic collaboration with Southeast Asian payment gateway, Xendit. The partnership marks a significant milestone for both companies, “as they join forces to deliver secure, convenient, and customer-centric financial solutions.” The partnership with Xendit will further “enrich Tonik’s ecosystem by… Read More

February 14, 2024 @ 6:13 pm By Omar Faridi  |  

Kema, a UAE fintech platform founded by ex-Mumzworld.com co-founder Michael Ghandour, says it has raised a $2 million pre-seed round led by Speedinvest with participation from the Dubai Foundation District Fund (DFDF). Kema claims that it transforms “how businesses sell to one another (B2B) by… Read More

February 14, 2024 @ 6:10 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) says it has received a court order to enforce a subpoena targeting two crypto promoters who participated in the NovaTech investment program. The US District Court for the Northern District of Texas granted the SEC’s request for documents issued… Read More

February 14, 2024 @ 5:59 pm By Omar Faridi  |  

Fordefi has revealed a $10 million seed extension round. Fordefi’s goal is to fuel web3 adoption as they launch their wallet-as-a-service (WaaS) that is said to enable exchanges, Fintechs, and Web3 businesses to offer users a user-owned wallet directly within their applications. Fordefi claims it… Read More

February 14, 2024 @ 5:55 pm By Omar Faridi  |  

Sibli (formerly Responsibi), a company that aims to change the investment research process using AI [artificial intelligence], has announced a $4.5millio Seed round led by Staircase Ventures, a firm overseen by Janet Bannister. The deal included participation by The Group Ventures, Burst Capital, MaRS IAF,… Read More

February 14, 2024 @ 5:30 pm By JD Alois  |  

The Securities and Exchange Commission has submitted a rule change that will slightly increase the amount of money that can be committed to a “qualifying venture capital fund” for purposes of the Investment Company Act of 1940 (Act). The increase would raise the cap from… Read More

February 14, 2024 @ 4:37 pm By JD Alois  |  

The Federal Reserve Bank of New York has published a write-up on Buy Now Pay Later (BNPL) services explaining reviewing which consumers select this payment option. Economists and analysts Felix Aidala, Daniel Mangrum, and Wilbert van der Klaauw claim that “more-fragile households” use these services… Read More

February 14, 2024 @ 10:39 am By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ: HOOD) announced financial results for the fourth quarter and full year 2023, and investors are responding positively to the news. Topping analyst expectations, currently, Robinhood is trading over 12% higher than its market close price from yesterday. The company reported total… Read More

February 14, 2024 @ 10:26 am By Omar Faridi  |  

In 2023, the Bank of Russia reports that it had identified 5,735 different entities (companies, projects, individual entrepreneurs and others) with signs of illegal activity , including signs of financial pyramids. According to a report from the Bank of Russia, this is 15.5% more than… Read More

February 14, 2024 @ 10:14 am By JD Alois  |  

DealMaker, a tech-enabled broker-dealer specializing in online capital formation, has announced a new Chief Marketing Officer (CMO), Jonathan Stidd. DealMaker co-founder and CEO Rebecca Kacaba said that Stidd’s track record of working with issuers to raise over $600 million has helped to define the crowdfunding… Read More

February 14, 2024 @ 9:00 am By JD Alois  |  

FIS (NYSE:FIS) has announced a partnership with Banked to offer a new “pay by bank” solution for both consumers and businesses. Banked, enables consumers to pay directly using their bank without entering any financial data. Last year, FIS became one of the first Fintechs to… Read More

February 14, 2024 @ 8:34 am By Omar Faridi  |  

Ripple, the enabler of enterprise blockchain and crypto solutions, announced that it has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets. The terms of the transaction were not immediately available. This move further underscores Ripple’s commitment “to regulatory… Read More

February 14, 2024 @ 8:32 am By Omar Faridi  |  

wefox and Wind Tre have selected HDI Embedded as an insurance partner. The partnership enables greater coverage and “extended warranty solutions for customers of Italian mobile operator Wind Tre.” wefox, which claims to be the world’s leading insurtech, and Wind Tre, the Italian multi-service operator… Read More

February 14, 2024 @ 8:30 am By Omar Faridi  |  

UK’s digital bank Monzo has reportedly reached the 9 million customer milestone. Monzo now claims over 9 million personal account customers, with 2 million joining in the past year. The digital banking platform says it has been at the forefront of the fintech innovation since… Read More

February 13, 2024 @ 9:54 pm By Tony Zerucha  |  

KuCoin Labs, the investment and research arm of digital asset exchange KuCoin, has entered into a strategic partnership with Coinweb, a provider of Web3 technology. The companies said this collaboration signifies a commitment to mutual support and collaboration aimed at nurturing the expansion of the Web3 ecosystem…. Read More

February 13, 2024 @ 9:52 pm By Omar Faridi  |  

Luno, the cryptocurrency investment app, has announced that it introduced three new virtual currencies to invest in that are frequently used by decentralized finance (DeFi) traders and investors. Aave (AAVE) aims to connect lenders and borrowers in a direct manner, without requiring intermediaries or third-parties…. Read More