Halt! eToro to Stop Trading Most Crypto in the US Following SEC Settlement: “We now have a clear regulatory framework”

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eToro USA will halt nearly all crypto trading activity following an agreement with the Securities and Exchange Commission (SEC). The settlement also requires eToro to pay a $1.5 million fine. eToro has agreed to the settlement without admitting or denying the allegations. Going forward, eToro… Read More

 

 




Banco Central do Brasil (BCB) Accelerates Introduction of AI into Business Processes

BCB, Brazil’s central bank, says that it is now focused on accelerating the introduction of AI into its business processes. BCB notes in a recent announcement that this will aim to serve as “a new Center of Excellence will serve as a community of practice… Read More

Outward VC Closes £51M Fund, British Business Bank Leads Way With £30M

This week, London-based investment firm Outward VC announced the first closing, at £51 million, of its Fund II. The fund received a £30 million investment from the British Business Bank, which is deploying capital through its Enterprise Capital Funds program. Several private investors also participated…. Read More

Singapore Fintech M-DAQ Launches Wallex Payment Solution in Malaysia

Singapore-based Fintech group M-DAQ Global Pte. Ltd. has launched its Wallex cross-border foreign exchange (FX) and payment solution in Malaysia, following its acquisition of B2B payments service provider Easy Pay Transfers Sdn. Bhd. The launch of Wallex marks the expansion of M-DAQ’s footprint in the… Read More

Brazil’s Digital Banking Platform Nubank Ultravioleta Expands Fixed Income Shelf

Ultravioleta, Nubank’s (NYSE: NU) high-income customer experience, launches today a series of Bank Deposit Certificates (CDBs, from the acronym in Portuguese) with more competitive yield rates than those already available in the app. According to the website, Ultraviliot card cashback may grow at twice the… Read More

Galileo Releases 2 Fraud-Fighting Tools

This week, SoFi (NASDAQ:SOFI) subsidiary Galileo Financial Technologies unveiled Galileo Instant Verification Engine (GIVE) and Transaction Risk GScore, its two newest fraud-fighting tools. As digital transactions surge and cyber threats evolve, these tools offer fintechs, financial institutions and businesses advanced real-time fraud detection and risk… Read More

European Digital Bank bunq Announces Business Expansion Strategy, Will Aim to Double Headcount in 2024

In a bid to become the world’s first global neobank for digital nomads, bunq announces plans to grow its global headcount by 70% by the end of 2024. This move comes as 40 million people globally are choosing “location-independent careers.” In order to fulfill its… Read More

Taxbit and Asset Reality to Improve Digital Asset Seizure and Management

Asset Reality, the global authority on asset seizure, management, and disposal, and Taxbit, the enabler of financial digital asset compliance solutions for enterprises and the public sector, are pleased to announce a new strategic partnership. The collaboration will provide government agencies with “expertise and an… Read More

Shanghai Unveils 31-Point Plan to Become Global Fintech Hub

Shanghai has unveiled an ambitious action plan to position itself as a global Fintech hub, with 31 measures aimed at upgrading the city’s financial technology landscape over the next three to five years. The action plan, released by the municipal government on Friday, outlines a… Read More

Betterment for Advisors Becomes Betterment Advisor Solutions, Reflecting Expanded Functionality

Betterment, which claims to be one of the largest independent digital financial advisors, has recently announced that Betterment for Advisors, its RIA custody division, has changed its name to Betterment Advisor Solutions to “better reflect the breadth of products and services it offers.” Betterment Advisor… Read More

UK’s Lending Standards Board (LSB) Introduces Stronger Protections for SMEs with Personal Guarantees

The Lending Standards Board (LSB) has strengthened provisions on personal guarantees within the Standards of Lending Practice for business customers. The changes will help ensure lenders are clear “with guarantors about what they are signing up to, and help avoid situations where a guarantor is… Read More




Mubadala Invests in Revolut, Valuing Fintech at $45bn

Abu Dhabi’s sovereign wealth fund, Mubadala, has taken its first stake in London-based Fintech company Revolut, participating in a share sale that valued the firm at $45 billion. The transaction, which occurred in August, involved the sale of $500 million worth of shares by Revolut… Read More

SMBs Not Bothered by Inflation, Uncertainty, But Many Are Still Making Costly Financial Management Mistakes – Research

Bluevine, the banking platform that serves as the financial operating system for startups and small businesses, announced its 2024 Mid-Year Business Owner Success Survey (BOSS) Report, benchmarking the data behind the actual decisions that US-based small business owners (SBOs) are making and informing their future… Read More

Alternative Investment Platform CAIS Expands Relationship with Focus Financial Partners Inc

CAIS, the alternative investment platform for independent financial advisors, announced today an expanded relationship with Focus Financial Partners Inc., a partnership of fiduciary wealth management firms that collectively oversee more than $400B in client assets. This expanded relationship makes CAIS the preferred provider “to consolidate… Read More

US Judge Says CFTC Exceeded its Statutory Authority, Regulator Has No Authority to Second-Guess Election Contracts

The Commodities Futures Trading Commission (CFTC) has no authority to second-guess election contracts, according to recent statements issued by a US Judge. The opinion on the Kalshi‘s lawsuit brought against the CFTC may have significant potential implications for an ongoing/current proposal that aims to place… Read More

Advanced Technologies to Transform Market Data Landscape According to SIX and Coalition Greenwich Research Study

Research from SIX explains how advanced technologies aim to enhance the evolving market data landscape. As explained n the research report from SIX, technology is now considered to be “the main factor shaping decisions concerning market data across both the buy-side and sell-side.” This is… Read More

Goldman Sachs Expected to Take a Big Hit When it Exits Apple Card Arrangement

Not so long ago, Goldman Sachs (NYSE:GS) had huge ambitions in the consumer finance space enabled by Fintech. The theory expected that Goldman could lever its deep expertise in financial services to serve the masses by creating a tech stack to power consumer financial transactions…. Read More

Alternative Investment Funds: AAM and iCapital to Grow Distribution of Avenue Sports Fund

Advisors Asset Management (AAM), an investment solutions provider, and iCapital, the global fintech platform for alternative investments says the Avenue Sports Opportunities Fund, managed by Avenue Capital Group, is available on iCapital Marketplace. The Avenue Sports Fund seeks to “produce attractive, risk-adjusted returns by providing… Read More

Fintech Adyen Releases Insights from Global Businesses, Pinpointing Revenue Efficiencies That May Save Companies Billions

Adyen (ADYEN:AMS), the financial technology platform of for global businesses, has recently released a report titled Strategies to reduce your total cost of payments. The research report, supported by data from 100 global, enterprise businesses, aims to highlight opportunities to boost revenue and “cut costs… Read More

Wefunder Updates Platform with New Features

Wefunder, one of the top FINRA-regulated Funding Portals in the US, has added several new features to its online investment platform. In an email, Wefunder noted that a new feature allows users to receive alerts whenever a type of issuer lists on the platform. Wefunder,… Read More

MicroStrategy Buys 18,300 Bitcoin, Company Now Holds 244,800 BTC

MicroStrategy (NASDAQ:MSTR) has acquired an additional 18,300 Bitcoin. The company now reports holding 244,800 BTC. MicroStrategy is reportedly the largest corporate holder of Bitcoin in the world. MicroStrategy CDEO Michael Saylor is on record predicting that in coming years, Bitcoin will soar to millions of… Read More

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