Mubadala Invests in Revolut, Valuing Fintech at $45bn

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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. Revolut is one of the largest crowdfunding success stories. During its early days, the company raised money… Read More

 

 




SEC Penalizes Flyfish Club for NFTs Deemed to be Crypto Asset Securities, Commissioners Peirce and Uyeda Slam “Crypto-Obsessed Commission”

Earlier today, the Securities and Exchange Commission (SEC) issued an Administrative Order punishing the FlyFish Club (FFC) for allegedly issuing “crypto asset securities.” The FlyFish Club is a private dining venue that offers memberships similar to country clubs. Unfortunately, FFC upset the Commission by issuing… Read More

Bad Mobile Banking Experience Might Make Consumers Look Elsewhere – MX Technologies Research Study

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MX Technologies, Inc., an enabler of actionable intelligence for consumers and the financial providers that serve them, shares its latest survey findings, which reveal mobile banking can make or break a consumer’s experience. Sixty-five percent of consumers would stop using “a financial provider’s app if… Read More

Regtech SteelEye to Ensure Clients Have Foundation to Comply with Digital Operational Resilience Act (DORA)

At SteelEye, they claim to understand the critical importance of maintaining operational resilience and ensuring the security of their systems and services. SteelEye says they are are committed to safeguarding “both their operations and client data from potential risks and disruptions.” In alignment with the… Read More

Republic Europe (Seedrs) Saw Revenue Decline in 2023, Loss Increased

Republic Europe, formerly Seedrs, posted its group accounts on Companies House last week. The online investment platform reported a larger loss for 2023 than for 2022. Republic (Open Deal), based in the US, is one of the largest investment crowdfunding platforms in the world. In… Read More

Payment Cards Dominate Digital Commerce Payments in Australia – Research Study

Payment cards are the most are the preferred payment method for e-commerce purchases in Australia, collectively accounting for 50.6% share in 2023, reveals GlobalData, a data and analytics company. GlobalData’s E-Commerce Analytics reveals “that Australian e-commerce market is estimated to register 8.3% growth in 2024… Read More

TransUnion Strengthens Partnership with Income and Employment Verification Firm Truework

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TransUnion (NYSE: TRU) announced that it is strengthening its partnership with leading income and employment verification provider, Truework. The new arrangement enables a single-click solution, via TransUnion third-party platform integration, for a deeper resident screening workflow “that adds a powerful income and employment verification waterfall.”… Read More

Eurocrowd Questions Merger of FPF and France Fintech: Threat to Autonomy of Crowdfunding Sector

As previously reported, Financement Participatif France (FPF), the French crowdfunding association, and France Fintech merged in June of this year. Last month, EuroCrowd, the pan-European advocacy group for online capital formation, posted an Op-Ed questioning the impact of this move on the emerging securities crowdfunding industry. EuroCrowd has long… Read More

Digital Bank N26 Explains How It Launched Stocks and ETFs Trading with Upvest in Record Time

N26 and Upvest introduced Stocks and ETFs, enabling millions of end users across Europe to invest seamlessly within the N26 app. Leveraging Upvest’s Investment API, N26 launched Stocks and ETFs at “a record-breaking speed, initially in Austria, followed by Germany, Ireland, the Netherlands, France, and Spain.” The strategic… Read More

Nearly a Quarter of UK Savers Have “No Idea” How Much They’ve Saved Into their Pension – Research Report

Nearly a quarter (24%) of Brits have ‘no idea’ how much they’ve saved into their pension while almost half (42%) admit confusion over how much they need to save for retirement, according to new research from PensionBee. In response to these challenges, pension savers are… Read More

Software Platforms, AI, Blockchain are the Technologies on which Spanish Startups Rely to Develop Services – Research Study

The Spanish entrepreneurial ecosystem is experiencing significant growth in the adoption and development of advanced technologies, with a particular “focus on software platforms, artificial intelligence (AI) and analytics.” This is the key takeaway from the fifth edition of the research study ‘Analysis of a next… Read More




Real Estate Platform Propy Adds former SEC Commissioner Michael Piwowar to Board

Propy is a Proptech that aims to provide “self-driving transactions for agents, home buyers, and sellers.” Propy leverages blockchain technology and artificial intelligence (AI) to power its platform. Founded by CEO Natalia Karayaneva, the entrepreneur aims to put real estate assets on-chain. In a company statement,… Read More

Binance to Enhance Digital Assets Trading Experience with New Initiative

Binance is enhancing the trading experience with First-in-Market Token Unlock and a vesting schedule. Integration of CoinMarketCap data into Binance allows users “to conveniently view token unlock schedule and make more informed decisions.” Binance, the global blockchain ecosystem behind the world’s largest cryptocurrency exchange by… Read More

DLT Science Foundation Announces MiCA Crypto Alliance

The DLT Science Foundation (DSF) is launching the MiCA Crypto Alliance, which is backed by Hedera, Ripple, and the Aptos Foundation. MiCA or Markets in Crypto Assets regulation is a relatively new law approved by the European Union. It aims to create a regulated space… Read More

OurCrowd: Israel’s Most Active Venture Capital Fund

For years, OurCrowd has consistently ranked as a top venture capital fund in Israel. In a recent report issued by KPMG, OurCrowd was once again highlighted as the most active large VC in Israel during the first half of 2024. OurCrowd is an online investment… Read More

Zoho Introduces AI Analytics Solution for Self-Service Business Intelligence

Zoho Corporation, a global technology company, launched a new version of Zoho Analytics—Zoho’s self-service BI and analytics platform. Among more than 100 other enhancements, Zoho Analytics has “developed powerful new AI and ML capabilities, enabling diagnostic insights, predictive analysis, and automated report and dashboard generation.”… Read More

Stablecoin Issuer Circle Collaborates with Sony Block Solutions Lab

Stablecoin issuer Circle has revealed a collaboration with Sony Block Solutions Labs. According to a release, the partnership aims to boost innovation in decentralized tech on Soneium, a public  Ethereum Layer-2 blockchain ecosystem. USDC, Circle’s dollar-based stablecoin, will be integrated into Soneium. Circle explains that… Read More

New Bill Introduced in UK Parliament to Clarify Bitcoin and Crypto’s Legal Status

Tech-savvy owners of Bitcoin and other digital assets will benefit from greater legal protection thanks to an important clarification to the law. This, according to an update released this past week by the UK government. The Property (Digital Assets etc) Bill, introduced in Parliament, will… Read More

Janus Henderson Investors to Partner with Anemoy and Centrifuge on New Tokenized Fund

Janus Henderson Investors is pleased to announce that it will be entering into a new strategic partnership with Anemoy Limited and Centrifuge to manage Anemoy’s Liquid Treasury Fund (LTF), a fully on-chain, tokenized fund issued on Centrifuge’s public blockchain that provides investors with direct access… Read More

Younger UK Consumers are Building Positive Savings Habits, Seeking Ways to Create Secure Financial Future – Report

Despite the financial pressures facing young people, NatWest’s latest Savings Index reveals younger generations are building positive savings habits, breaking traditional taboos around talking about money, and “seeking innovative ways through social media to create a more secure financial future.” Almost nine in ten (86%)… Read More

UK’s Digital Bank Zopa Tops £5 Billion in Customer Deposits

UK’s digital bank Zopa has surpassed £5 billion in customer deposits. The update from Zopa Bank comes four years after getting its banking licence and four months after exceeding its £4 billion deposits milestone. The milestone reflects the convenience, accessibility and competitive rates offered with Zopa… Read More

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