January 11, 2024 @ 4:35 pm By Omar Faridi  |  

New research recently shared by Fintech firm DailyPay with CI reportedly demonstrates the positive impact the firm’s products can “have for employers, many of whom are still challenged with a tight labor market.” According to the study commissioned by DailyPay, the earned wage access Fintech,… Read More

January 11, 2024 @ 12:37 pm By Omar Faridi  |  

Finix, the payments technology provider enabling businesses to accept and send payments online or in-person, announced the launch of Payouts, its standalone product line. Payouts enables businesses across all industries to efficiently send money at scale, regardless of whether they utilize the broader Finix payments… Read More

January 11, 2024 @ 12:17 pm By Omar Faridi  |  

Visa (NYSE: V) and CIBC announced a new collaboration that will enable the bank’s clients to send funds to family and friends across borders more conveniently. With the innovative money movement capabilities of Visa Direct, CIBC and Simplii clients will soon be able to send… Read More

January 11, 2024 @ 11:45 am By Omar Faridi  |  

As expected by most industry analysts and also after an embarrassing false start (following the official SEC X account being “compromised”) the US Securities and Exchange Commission (SEC) has finally approved 11 spot bitcoin ETF applications – which were submitted by traditional financial and crypto-focused… Read More

January 11, 2024 @ 11:10 am By Omar Faridi  |  

Bankrupt crypto lending platform Celsius recently filed its intent to claw back a number of pre-bankruptcy withdrawal requests. The struggling cryptocurrency lender formally submitted an intent to claw back certain funds from clients that withdrew $100,000 or more during the 3 months prior to Celsius… Read More

January 11, 2024 @ 11:07 am By JD Alois  |  

Bitcoin is currently trading at over $47,000 after nearing $49,000 – responding to the bevy of Bitcoin ETFs that have commenced trading today. Yesterday, the Securities and Exchange Commission approved the listing of eleven exchange-traded funds that represent spot Bitcoin prices. Clear Junction Head of… Read More

January 11, 2024 @ 10:36 am By Omar Faridi  |  

OVO Network, a specialist in high-end, self-catered chalets in the Alps, has selected Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms, to streamline the end-to-end payment process for its holiday property rental services. Mangopay will provide an optimized payments integration, “tailored… Read More

January 11, 2024 @ 10:13 am By Omar Faridi  |  

The European Central Bank (ECB) has published experimental statistics on Distributional Wealth Accounts (DWA) to provide quarterly and timely household distributional information that is consistent with the national accounts. The new data have been developed to “support the ECB’s 2021 monetary policy strategy, which aims… Read More

January 11, 2024 @ 10:11 am By Omar Faridi  |  

Turkey’s Minister of Treasury and Finance Mehmet Şimşek has shared insights regarding part of what’s expected to be included in the country’s upcoming crypto regulations. The Turkish government said it would be legally defining key concepts related to crypto and will comment on the licensing… Read More

January 11, 2024 @ 9:59 am By Omar Faridi  |  

DigitalBridge Group, Inc. (NYSE: DBRG) announced it has hired Ersin Yorulmaz as Managing Director, Co-Head of European Capital Formation, effective immediately. Yorulmaz’s appointment further “solidifies DigitalBridge’s already strong commitment to the DACH region (Germany, Austria, Switzerland), with the firm’s existing regional client base and portfolio… Read More

January 11, 2024 @ 8:55 am By JD Alois  |  

Circle has announced it will pursue an initial public offering (IPO). Circle is the issuer of the second largest dollar-based stablecoin, USDC. According to a statement by the firm, the company has filed a confidential draft registration statement (S-1) with the Securities and Exchange Commission… Read More

January 11, 2024 @ 8:43 am By Omar Faridi  |  

Link Financial Technologies, Inc. (dba Link Money), a US-based open banking payment platform, and Optty, the universal payments platform, announced that they have established a partnership. Optty’s collaboration with Link Money “will empower its US-based merchant clients and partners to leverage Link Money’s Pay by… Read More

January 11, 2024 @ 8:41 am By Omar Faridi  |  

Ripple is reportedly buying back $285 million of its shares, valuing the Fintech firm at around $11 billion. This, according to sources familiar with the matter and cited by Reuters. Crypto firm Ripple Labs, which is well-known for its XRP token, is preparing to buy… Read More

January 11, 2024 @ 6:07 am By Omar Faridi  |  

Morrison Foerster, a global law firm, is pleased to announce the arrival of Tammy C. Davies as a partner in the firm’s Finance Group, based in the New York office. Davies brings to the firm deep experience “representing alternative lenders and investors in complex credit… Read More

January 11, 2024 @ 5:22 am By Omar Faridi  |  

GoCardless, the bank payment company, has extended its relationship with JustGiving to become the online donation platform’s exclusive open banking payment provider, replacing American Express. The move will see JustGiving use both the fintech’s Instant Bank Pay feature “to collect instant, one-off gifts and its… Read More

January 11, 2024 @ 12:16 am By Omar Faridi  |  

Thunes, the global B2B cross-border payment company, is pleased to announce key changes to its executive leadership team. To further accelerate its growth, Thunes reportedly “appoints Floris de Kort as its new CEO. Peter De Caluwe has been promoted to Deputy Chairman focusing on strategy,… Read More

January 10, 2024 @ 5:57 pm By JD Alois  |  

Representative Patrick McHenry,  Chairman of the House Financial Services Committee, has joined the Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga, the Chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion, French Hill, and the Chairman of the Subcommittee on Capital… Read More

January 10, 2024 @ 5:43 pm By JD Alois  |  

The WisdomTree Bitcoin Fund (BTCW) will be listed on the Cboe BZX Exchange and is expected to commence trading tomorrow, according to a note from the company. The ETF will have an expense ratio of 0.30%,  although for a six-month period commencing January 11, 2024,… Read More

January 10, 2024 @ 5:33 pm By JD Alois  |  

The House Financial Services Committee, Subcommittee on National Security, Illicit Finance, and International Financial Institutions will hold a hearing on financing for nuclear energy. Nuclear energy is deemed to be one of the cleanest energies available today. In recent decades, there has been a push… Read More

January 10, 2024 @ 4:57 pm By JD Alois  |  

As was reported earlier today, after an extended deliberation, the Securities and Exchange Commission (SEC) has approved eleven Bitcoin ETFs. CI has received multiple comments on the approval which is a seminal event for the crypto industry. Rajeev Bamra, SVP of Digital Finance at Moody’s… Read More