Digital Securities Sandbox (DSS). The UK Moves Forward with New Bank of England – FCA Sandbox : Tokenized securities can put our capital markets at the forefront of technological innovation”

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The Digital Securities Sandbox (DSS) is now open for applications. Digital securities, or tokenized assets, are widely believed to be the future of the securities sector. While anticipation of the migration to digital from more analog issuance and trading of securities has been predicted for… Read More

 

 




Australia’s CBA Cautions Small Businesses Against “Too Good to Be True” Investment Scams

With over half of the hard-earned money Australian small businesses lose to scams going to fraudulent investments, CBA Executive GM Rebecca Warren provides tips on how to identify a potentially fake investment opportunity. Approximately 90% all scams reported by CommBank’s business customers in FY24 came… Read More

Stablecoin Onchain Activity Remains Resilient Across Crypto and Blockchain Markets Despite Headwinds – Report

Digital assets firm Gemini has shared an analyst note which pointed out that a lot of the recent stablecoin onchain activity has, for the most part, remained fairly resilient despite the headwinds across global financial markets. As stated in the latest research report from Gemini,… Read More

UK’s Starling Bank Shares Response After FCA Fines Company for “Lax” AML Screening Processes

Starling Bank confirms that it fully accepts the findings set out in the Final Notice published today by the Financial Conduct Authority (FCA). This reportedly resolves the investigation referred to in Starling Bank’s annual report in June 2024. Starling notes in a release that it… Read More

Crypto.com Upgrades PCI DSS to v4.0 Certification, a Key Milestone in Digital Payments Security

Crypto.com, which claims to be trusted by over 100 million customers worldwide and the service provider focused on ensuring regulatory compliance, security and privacy, announced that it has set a milestone by reportedly becoming one of the “first” cryptocurrency platforms to upgrade its Payment Card… Read More

Global Fintech Thunes and SCB to Enhance International Remittance Payments via SCB EASY App

Thunes has expanded its collaboration with Siam Commercial Bank (SCB), Thailand’s premier digital bank, a longstanding Member of the Thunes’ Direct Global Network. This alliance aims to enhance SCB’s international remittance services via the SCB EASY app, giving its customers access to dependable transfers to 26… Read More

Late Payments Are Reportedly Costing New Zealand Small Businesses $800 Million

Xero, the global small business platform, has reported a significant 81% increase in the cost of late payments to Kiwi small businesses, surging from about $456 million in 2021 to $827 million in 2023. This data is part of the Xero Small Business Insights program,… Read More

The EU Now Has a StartUp Commissioner

The European Union has a series of “Commissioners” who are responsible for crafting proposals for EU legislation while implementing the policies of the European Parliament and the EU Council. Each Commissioner is designated a portfolio of responsibilities. Last month, for the first time, the EU… Read More

SoFi Introduces Directed Share Platform for US IPOs and Capital Raises, Supported by PrimaryBid

SoFi Technologies, Inc. (NASDAQ: SOFI), a “one-stop shop” for digital financial services that helps members borrow, save, spend, invest and protect their money, and PrimaryBid Technologies Inc., a capital markets fintech firm, announced the launch of DSP2.0, a Directed Share Platform (DSP) that offers a… Read More

Swift Moves to Enable Digital Assets with Live Trials for Banks

Swift has announced that central and commercial banks may use the Swift network to carry out trial transactions of digital currencies and digital assets. The project kicks off in 2025. The digitization of assets has been ongoing for years. Digital assets can take many forms,… Read More

DTCC Keeps Reporting Bigger Numbers as FICC’s Government Securities Trading Tops $10 Trillion in Daily Trading

It was just last month that the Depository Trust & Clearing Corporation (DTCC) reported a record breaking day in regard to government securities clearing when the Fixed Income Clearing Corporation’s (FICC’s) Government Securities Division (GSD), cleared $9.2 trillion in daily activity on September 3rd. On… Read More




UK’s NatWest Teams Up with Meta to Combat Scams, Fraudulent Activities

Meta (NASDAQ:META) and NatWest are expanding an information sharing partnership to help protect people against fraud. The Fraud Intelligence Reciprocal Exchange (FIRE) is described in an update as a threat intelligence sharing program for financial institutions, enabling banking service providers to share intelligence with Meta… Read More

Web3 and Crypto Security Challenges Remain Persistent Issue in Q3 with Over $753M Stolen by Bad Actors – Report

CertiK has released their latest Hack3d: The Web3 Security Quarterly Report for Q3 2024. CertiK notes in a blog post that their Hack3d: The Web3 Security Report for Q3 2024 aims to serve as an essential resource and record of statistics for understanding security challenges… Read More

Digital Assets Market Expanded from Bitcoin as Single Asset to Ecosystem of 4 Asset Classes, 14 Sectors, 41 Subsectors – Report

Coin Metrics has released a report entitled, The Crypto Universe Through the Lens of datonomy. Tanay Ved and Matías Andrade from Coin Metrics noted that the crypto universe has expanded from a single asset in 2009 to “a vast ecosystem of 4 asset classes, 14… Read More

Contactless Payments on the Rise: Canadian Payments Forecast 2024

The number of contactless payments in Canada increased by 17% in 2023 to reach 63% of all in-store payments, according to the recently released Canadian Payments Forecast, 2024, published by Technology Strategies International. The value of contactless payments increased by more than $80 billion over… Read More

BNPL Fintech Klarna Becomes Apple Reseller with Storefront Launch, Offering Flexible Payments

Klarna, the AI-powered global payments network and shopping assistant, has unveiled “Apple from Klarna”, a storefront in the Klarna app and Klarna.com where customers are reportedly able to purchase Apple products via its flexible payment options. An official Apple (NASDAQ:AAPL) reseller, Klarna also introduces a… Read More

Fraud Prevention Solutions Provider Feedzai Teams Up with PwC to Combat Financial Crime

Feedzai, a provider of risk management and fraud prevention solutions, and PwC, a global consulting firm, have joined forces to establish a Center of Excellence (CoE) dedicated to fighting financial crime. This partnership enhances the delivery of solutions to financial institutions, enabling them to protect… Read More

Layer Lands $6M to Extend Ethereum Functionality

Startup Layer aims to extend the functionality of Ethereum by making the first developer tools that support full-stack decentralized applications with Web Assembly, and they have $6 million to make it happen. The company has raised a $6M seed round led by 1kx, with participation… Read More

Digital Assets: Taurus and Chainlink to Enable Institutional Tokenized Asset Adoption

Taurus, which claims to be a full-stack digital asset infrastructure platform covering issuance, custody, and trading, and Chainlink Labs, a developer of Chainlink—the infrastructure for the tokenized asset economy— announced a collaboration to enable the adoption of tokenized assets by financial institutions. Taurus and Chainlink… Read More

Enterprise Data Analytics Firm e6data Celebrates $10M Series A

Enterprise data analytics firm e6data has secured a $10 million funding round. The series A was led by Accel, with participation from Beenext and others. It comes at a time when the total addressable market for data and AI solutions is slated to touch $230… Read More

Germany based Firms Are Reportedly Leveraging Generative AI to Boost Business Performance

Germany based companies are reportedly relying increasingly on generative AI as a performance driver. This, according to a research study shared by KPMG. The results of the KPMG study “Performance Improvement Strategy” highlight significant adoption of AI across businesses. More intense competition, difficult financing conditions… Read More

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