Einat Steklov, Co-Founder at Kashable, Provides Insights on Lending Options and How the Firm Is Making A Major Difference in Employees’ Lives

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    Many hardworking employees are finding themselves trapped in the cycle of high-interest loans, forcing them to deplete their savings or retirement funds and compromise their long-term financial security. When customers were asked by Kashable, a provider of “socially responsible” credit and financial wellness… Read More

 

 




Regtech Sumsub Announces Local Data Processing Capabilities for APAC Region

Sumsub has announced that Local Data Processing (LDP) capabilities are now available in the Asia-Pacific (APAC) region, specifically in Singapore, Hong Kong, Indonesia, and the Philippines. This infrastructure reaffirms Sumsub’s dedication to “ensuring data privacy and regional compliance, following the successful launch in the MEA… Read More

Web3 Security Incidents in August Led to $316 Million in Estimated Losses – SlowMist Update

In August 2024, the total losses from Web3 security incidents were estimated to be around $316 million. According to the SlowMist Hacked Archives, 28 hacking incidents were recorded, resulting in approximately $253 million in losses, with $13.58 million being recovered. The incidents were caused by… Read More

UK’s PensionBee Research Study: Automatic Enrollment Extension May Hand Student Workers a £5K Pension Boost

Student workers could add thousands of pounds to their pension if the Government presses ahead with the extension of automatic enrolment to 18-year-olds, according to new research from PensionBee, the online pension provider. More than half of full-time students “work an average of 14.5 hours… Read More

Bitcoin Mining Insights: Hash Price Considered a Key Metric BTC Miners Use to Measure Current, Potential Revenue

Konrad Fitzpatrick, a mining analyst at Compass Mining, notes that hash price is a critical metric that bitcoin miners use to measure their current and potential revenue. Compass Mining explains in a blog post that hash price is the “amount of bitcoin a miner can… Read More

PwC Introduces Beacon: SaaS Solution for Pillar Two Compliance, Platform to Streamline Tax Calculations

PwC announces the launch of Beacon, an innovative international tax platform that promises to bring agility, efficiency and speed to tax calculations. As global tax regulations continue to evolve, Beacon is designed “to help multinational organizations navigate the complexities of the OECD’s Pillar Two framework,… Read More

Wealth Trends Report: Organizations Expect Increased Wealth Creation and Enhanced Impact on Global Investment Ecosystem

The release of Deloitte Private’s second report in its Family Office Insights Series – Global Edition, Defining the Family Office landscape, outlines the world of family offices—”what they are, how they’re growing, their future outlook, and more.” As family offices continue rapid global expansion, Deloitte… Read More

Hong Kong Monetary Authority, Banks Commit to Enhancing SME Financing

Hong Kong City

The joint Taskforce on SME Lending, established by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB), recently held its inaugural meeting attended by representatives from the HKMA, HKAB, and 14 banks actively involved in lending to small and medium-sized… Read More

Payments Infrastructure, Emergence of Open Banking, and Digital Wallets Have Transformed Payment Platforms – Report

The payment landscape has evolved at an exponential rate over the past decade, with many payment methods rising to become some of the most used solutions across retail, eCommerce, B2B (Business-to-Business), and P2P (Peer-to-Peer) scenarios. This, according to an update from Juniper Research. Juniper Research… Read More

L1 Blockchain Networks Report: Ethereum Upgrades May Enhance Performance, Solana Updates Could Improve High-Throughput Capabilities

The landscape of Layer–1 blockchains has evolved significantly in recent years. Networks like Bitcoin, Ethereum and Solana form the backbone of the cryptocurrency ecosystem, each offering unique approaches to scalability, security, and decentralization. This, according to a report from Coin Metrics. Coin Metrics pointed out… Read More

House Financial Services Committee Reports Series of Bills Targeting China

House Financial Services Committee Republicans have issued a statement on their efforts to “combat the economic threat from the Chinese Communist Party.” China has become more jingoist under the leadership of  President Xi Jinping. The Chairman of the CCP has sought to curtail economic freedom… Read More



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North American Securities Administrators Association Reaches Settlement Over Digital Asset Investments with GSB Group Based in Germany

The North American Securities Administrators Association (NASAA) says it has reached a settlement with GSB Gold Standard Corporation AG (GS Partners or GSB Group), a Fintech and banking firm that allegedly solicited more than 800,000 investors around the world to participate in investments including digital… Read More

Luge Capital Secures $96 Million for Fintech focused Luge Capital Fund II

Luge Capital has announced the closing of $96 million for Luge Capital Fund II, the firm’s second Fintech-focused fund. Luge previously announced a $71M first close of the fund, with “backing from CDPQ, Desjardins, BDC Capital, Sun Life, Industrial Alliance Financial Group (iA), Fonds de… Read More

Federal Deposit Insurance Corp (FDIC) Expected to Propose Rule on For Benefit Of (FBO) Accounts, Will Impact Fintechs: Report

The Federal Deposit Insurance Corp. (FDIC) is expected to propose new rules impacting For Benefit Of (FBO) accounts which will affect the neobanking sector. According to a report by Bloomberg, the FDIC will make the proposal as soon as this month. This follows the Synapse… Read More

Depository Trust & Clearing Corporation (DTCC) Reports Record Day for Government Securities

The Depository Trust & Clearing Corporation (DTCC) says it has experienced a record breaking day in regard to government securities clearing. According to DTCC, the Fixed Income Clearing Corporation’s (FICC’s) Government Securities Division (GSD), cleared $9.2 trillion in daily activity on September 3rd. This follows… Read More

Insurtech Ecosystem Secures $1.2 Billion in Investments During Q2 2024 Across 106 Deals – Research Report

In Q2 2024, $1.2 billion was reportedly invested across 106 deals in the insurtech vertical, representing a 27.1% QoQ increase in deal value and a 3.9% QoQ increase in deal count. This, according to an extensive update shared by PitchBook. The research team at PitchBook… Read More

Habyt Reports New Financing Led by Mars Growth Capital

Habyt says it has successfully closed on a €40 million funding vehicle in led by Mars Growth Capital, a joint venture of MUFG and Liquidity Group. According to the company, thmoney will be used for Habyt‘s expansion strategy, primarily through targeted acquisitions. Founded in Berlin in 2017, Habyt is… Read More

Crowdcube Co-Founder Darren Westlake Involved in New Music Startup, Plans Crowdfunding Round

Darren Westlake, co-founder of one of the largest securities crowdfunding platforms in Europe, Crowdcube, has joined a new startup. According to a report by CityAM, Westlake is shifting gears away from Fintech and into the world of music. Westlake exited Crowdcube in early 2023 after… Read More

Ripple Custody to Be Integrated By Futureverse to Enable Secure Custody of Digital Assets

Ripple and Futureverse, an AI and metaverse technology and content company, have announced plans “to integrate Ripple Custody to enable Futureverse to securely custody its digital assets.” Futureverse will enable “secure, compliant Know Your Customer (KYC) verified access to DeFi via its self-developed Ottó blockchain.” Futureverse… Read More

Germany’s bettervest Raises €210,190 via Crowdcube

In just 11 years, bettervest claims that it has financed 129 sustainable projects across 21 countries, cutting an estimated 2 million+ tons of CO2. As a sustainable crowd-investing platform, they aim to “connect impactful energy projects with investors.” Now they want to “grow together.” bettervest… Read More

Sedric AI Reports $18.5 Million Series A to Enhance Compliance Operations

Sedric AI, the compliance-dedicated AI platform for financial institutions, announced it has closed a $18.5 million Series A funding round to further its efforts to transform compliance operations across the industry. The latest funding round, led by Foundation Capital with participation “from Amex Ventures, brings… Read More

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