Trent Sorbe from FIBT Shares Insights on Regulatory Shortcomings of Banking as a Service (BaaS)

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  Trent Sorbe, Chief Payments Officer at First International Bank & Trust (FIBT), has shared key insights with CI. Kotapay, a division of First International Bank & Trust (FIBT), has launched Kavinu, a direct-to-bank BaaS platform that eliminates the “instability of middleware-reliant models.” By re-centering… Read More

 

 




Capital Ideas: Jim Row, Founder and Managing Partner of Entoro Capital

In the latest episode of Capital Ideas, hosts Nick Morgan and Dara Albright of the Investor Choice Advocates Network (ICAN) sat down with Jim Row, founder and managing partner of Entoro, a technology-enabled investment bank specializing in alternative assets. During the discussion, Row shared his… Read More

Swiss Private Bank Bergos AG and Sygnum Bank to Enhance Digital Asset Custody

Bergos, the independent Swiss Private Bank, is pleased to announce its partnership with Sygnum Bank, a global banking group for digital assets. This collaboration provides the Zurich-based Private Bankā€™s clients withĀ  access to “regulated trading and secure custody of cryptocurrencies.” The range of tradable cryptocurrencies… Read More

UKā€™s Smallest Businesses Unable to Focus on Core Jobs, Juggling Multiple Roles – Report

Research from Xero, the small business platform, has found leaders of the UKā€™s smallest businesses (1-9 employees) and sole traders spend less than half (46%) of the working week on their core jobs. According to the report from Xero, these businesses effectively arenā€™t starting work… Read More

House Select Committee on China Targets Webull and Affiliation with Chinese Communist Party

Webull has garnered some unwanted attention from the US House Select Committee on the Chinese Communist Party, according to a report. Webull is regulated in the US as a broker-dealer. Webull isĀ controlled by China-based holding companyĀ Hunan Fumi Information Technology, and its US operationsĀ are headquartered in… Read More

Nordic Fintech SaveLend Reports Yields for Savings Products

SaveLend Group, an online lender, is reporting that its current savings products are generating average accumulated net return before tax of 6.93% for Balanced and 7.51% for Yield. SaveLend launched these products in May 2023, seeking to improve the customer experience by offering more savings… Read More

Coinshares Says its Bitcoin ETP is Largest in Europe

CoinShares (Nasdaq Stockholm: CS) (OTCQX: CNSRF) is reporting that its CoinShares Physical Bitcoin ETP (ticker: BITC; ISIN: GB00BLD4ZL17) is now the top European Bitcoin physical exchange-traded product (ETP) by assets under management (AUM). Morningstar shows that BITC currently holds almost $1.5 billion in Bitcoin. CoinShares… Read More

UK’s Mortgage Lending and Household Savings Continue to Grow – UK Finance Report

UK Finance released its Household Finance Review for Q3 2024, which explores trends in household spending, saving, and borrowing. According to the update from UK Finance, mortgage lending grew for the second successive quarter, rising by “15 per cent year-on-year, despite the continuing affordability challenges… Read More

Fintech Firm Clear Street Launches in UK After FCA Approval

Clear Street, a cloud-native financial technology firm on a mission to enhance the brokerage ecosystem, announced the launch of Clear Street UK, following recent Financial Conduct Authority (FCA) approval. Clear Street UK was reportedly approved as a Category 1, Ring-dealing member by the London Metal… Read More

Mambu Announces Acquisition of French Payment Technology Provider Numeral

Mambu, a cloud banking platform, announced the acquisition of Numeral, a French payment technology provider for banks and fintechs. The acquisition reportedly aims to strengthen Mambuā€™s position as a key industry player in a move that underscores market confidence and “demand for modern financial experiences.”… Read More

UK’s Digital Bank Zopa Reports ā‚¬80M Raise to Support Growth Ahead of Current Account Launch

Digital bank Zopa reports that it has raised just more than ā‚¬80 million (GBP Ā£68 million) in an equity funding round that has been led by A.P. Moller Holding, along with participation from existing investors. A.P. Moller Holding is reportedly one of the largest direct… Read More




Fintech Risk Represented One of the Highest Advancers in Risk Categories – DTCC Report

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the financial services industry, issued its Systemic Risk Barometer Survey results, identifying Geopolitical Risks, Cyber Risk, U.S. Political Uncertainty and U.S. Presidential Election Outcome, Inflation and U.S. Economic Slowdown as the “top five… Read More

Investors Expect Firms to Deliver Profitability Gains from Generative AI within the Next Year – Report

The pressure is on for companies to turn AI investment into impact, according to PwCā€™s 2024 Global Investor Survey. The majority or 73% of investors say companies should “deploy AI solutions at scale, as overwhelmingly 66% expect the companies they invest in to deliver productivity… Read More

Israel: $8.1 Billion for Startups, M&As Set Record – Report

According to a report from Israel, startups in the country generated $8.1 billion in funding during 2024. At the same time, mergers and acquisitions set a new record at $10.5 billion in deals. The report was published during the annual “2024-2025 Trends and Forecasts” conference,… Read More

MUFG, DWS Group Introduce Private Financing Venture for Project and Infrastructure Asset Investments

Mitsubishi UFJ Financial Group (MUFG), a global firm focused onĀ  financial services, and asset management firm DWS Group (DWS) have launched a venture designed to enhance their respective capabilities in underwriting and distributing infrastructure and alternative credit investments. As stated in the announcement, the parties… Read More

Australian Firms Increasingly Leveraging AI to Enhance Finance Functions, Improve Financial Reporting

Australian companiesā€™ use of AI in their finance functions is growing steadily – and the Return on Investment (ROI) on AI is exceeding, or at least meeting, expectations, a KPMG International study has found. And a quarter or 25% of Australian and overseas organizations are… Read More

Malta Financial Services Authority (MFSA) Assesses Investment Firmsā€™ Knowledge of European Regulations

With the aim of attaining “high” compliance standards within the financial service industry, including the investment sector, the Malta Financial Services Authority (MFSA) conducts a range of supervisory activities using a set of diversified tools, such as “on-site Inspections, off-site work and meetings.” As a… Read More

Zilch Shares Black Friday Shopping Data

Payments Fintech Zilch has distributed information on Black Friday shopping activity. Zilch, based in the UK, is “direct-to-consumer, ad-subsidised payments network (ASPN).” Black Friday is one of the largest consumer purchasing dates of the year. Zilch reports that Black Friday saw its sales more than… Read More

FV Bank Integrates Tether (USDT) for Direct Deposits

FV Bank says it has integrated Tether (USDT) for direct deposits. Tether is currently the largest stablecoin in the world by market capitalization. By adding the dollar-based stablecoin, users may hop between fiat and USDT, which is converted in real-time. FV Bank touts this ability… Read More

SIFMA Release Report on Distributed Ledger, Tokenized Assets Proof of Concept Project – Powered by Digital Asset

The Securities Industry and Financial Markets Association (SIFMA) has released a report on a proof of concept project pertaining to the tokenizstion of assets and distributed ledger technology. By leveraging blockchain, the hope is to improve the efficiency of asset issuance, distribution and management. This… Read More

SEC Investor Advisory Committee to Discuss Alternative Assets and Retail Investors, Arbitration Clauses

Next week, the Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC) will meet to discuss several topics. Perhaps most interesting is the topic of “Mainstreaming of Alternative Assets to Retail Investors.” The second issue is Examining the Use of Mandatory Arbitration Clauses by Registered… Read More

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