Kelvin Tan, CEO of audax, Comments on Fintech Industry Trends and Impact of AI and Machine Learning

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  We recently connected with Kelvin Tan, CEO of audax, a corporate venture backed by Standard Chartered Bank. Before transitioning to a full-time career as an entrepreneur, Kelvin held multiple roles at Standard Chartered Bank — from Transaction Banking to Retail Products and Payments to… Read More

 

 




House Financial Services Committee Schedules Hearings on ESG Debacle, DeFi

The House Financial Services Committee has placed two more hearings of note on its calendar. First is a hearing on ESG, or Environmental, Social, and Governance—a buzzy word that took industry by storm only to recede as the nebulous concept emerged as a distracting political… Read More

Cybersecurity Remediation Firm Dazz Raises $59 Million

Dazz, a cybersecurity firm, reports having closed a $50 million funding round. Greylock led the round, which included Cyberstarts, Insight Partners, and Index Ventures. In total, Dazz has raised $110 million in funding. Launched in 2021, Dazz focuses on “legacy vulnerability management” and addressing these… Read More

UK’s Smart Pension Shares Insights on Evolution of Retirement Savings, Makes Key Recommendations

Smart Pension has released a report entitled, “Delivery 2030: A blueprint to transform the UK pension system, deliver the future of retirement and leave no saver behind.” Jamie Fiveash, CEO, Smart Pension UK said: “Today’s workers are navigating the biggest shift in demographics for many… Read More

British Business Investments Announces a Further Commitment to Claret Capital Partners with Co-Investment Fund

British Business Investments announces a further commitment to Claret Capital Partners Limited, with a new co-investment fund. The fund will invest in high-growth technology enabled smaller businesses across the UK. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims to improve… Read More

Bitstamp Says it is Returning Recovered Crypto to Mt. Gox Creditors

Crypto exchange Bitstamp says it has commenced to return digital assets to creditors of the Mt. Gox debacle. A long time in the making, crypto is finally being returned to claimants as part of the bankruptcy process of the once-top crypto exchange. Bitstamp said they… Read More

ClearBank Selected By PayDo to Streamline Service Offerings to UK Clients

ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today announced it has expanded its partnership with PayDo, an Electronic Money Institution (EMI), offering personalised solutions to businesses and individuals with a suite of financial services. The partnership with ClearBank will allow… Read More

P2P Lender Folk2Folk Tops £700 Million in Loans

Peer-to-peer lender FOLK2FOLK has topped £700 million in lending, according to a note from the firm. The company claims to be the largest P2P lender to small businesses in the UK. Launched in 2013, FOLK2FOLK is one of the few remaining P2P lenders. The unique model combines… Read More

UK’s LendInvest Mortgages Enhances Residential Mortgage Products, Reduces Rates up to 35bps

LendInvest Mortgages, the UK’s platform for mortgages, announces the launch of a streamlined range of residential mortgage products, delivering simpler and faster options for homeowners. This enhancement follows the “introduction of improved criteria in June and includes significant rate reductions, making LendInvest’s mortgage offerings more… Read More

The UK Is a Significantly More Entrepreneurial Society than it Was at Start of Millennium – Report

The UK is a significantly more entrepreneurial society than it was at the start of the millennium, the world’s largest survey of entrepreneurship has found. This, according to an update from NatWest. For the first time since the Global Entrepreneurship Monitor records began “a quarter… Read More

UK’s Digital Bank Monzo Introduces Pensions Product

UK challenger bank Monzo is diversifying its product suite with a new pension consolidation solution that tracks old pensions and brings them into one fund. The launch of the product comes after research from Monzo reveals that more than half of UK adults (51%) don’t… Read More




UK’s Digital Bank Zopa Reportedly Adds D•One to Open Banking Ecosystem

D•One, the open banking unit of The ClearScore Group, has announced a partnership with Zopa Bank. The latest integration will see Zopa Bank add D•One to its partners that offer open banking connectivity as well as transaction categorization intelligence. D•One will be focusing on Zopa’s… Read More

Superstate Introduces Crypto Carry Fund (USCC), a New Investment Offering for Institutional Clients

At Superstate, they reportedly develop sophisticated investment solutions for institutional investors, aligning with their mission to modernize the investing landscape. By leveraging blockchain technology’s speed, programmability, and compliance advantages, Superstate reportedly create tokenized products “that meet the evolving demands of the financial sector.” Superstate has… Read More

Nubank Cripto, the Digital Assets Trading Platform, Enhanced with New Features

Nubank (NYSE: NU) announces the expansion of the cryptocurrency price alert service available on Nubank Cripto, the crypto trading platform on the Nubank app. Throughout August, all of the company’s 92 million customers in Brazil “will have access to the feature.” Through the new tool,… Read More

Truvius Launches to Offer Institutional-Grade Digital Assets Investment Platform

Truvius, the company powering systematic investing for digital assets, launched today with $3.2M in funding led by Galaxy Ventures. Truvius’ digital asset investment platform and products deliver institutional quality, transparent sophistication, and “a fiduciary focus for institutions and high-net-worth investors.” The company’s funding also included… Read More

BBVA Teams Up with Telefónica Tech to Enhance Cybersecurity on Global Scale

With the development of this new project, Telefónica Tech has become one of BBVA‘s main strategic partners in cybersecurity. The bank will incorporate the latest advances of the technology company, “supported by its global experience and the advantages offered by intelligence to detect, identify and… Read More

Digital Assets: Copper Adds Support for Token Standards on Internet Computer Blockchain

Copper, one of the industry’s digital asset custodians, announces that it has built on its previous initiative with DFINITY Foundation, a Swiss not-for-profit organization and a major contributor to the Internet Computer (ICP), to enable institutional investors “to securely custody and stake their ICP assets… Read More

Treasury and Financial Services Sector Coordinating Council Release Resources on Practices for Secure Cloud Adoption

The U.S. Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) published a suite of resources to share with financial services institutions on effective practices for their secure cloud adoption journey. These deliverables are the result of a year-long public-private partnership of… Read More

CCTP, a Permissionless Protocol, has Reportedly Moved Over $10 Billion in Stablecoin USDC Between Blockchains Since May 2023

Circle reveals that CCTP, a permissionless protocol, has moved over $10 billion in the stablecoin USDC between blockchains since May of last year. As reported previously, the Cross-Chain Transfer Protocol (CCTP) continues to grow and “power an ever-expanding network of apps, bridges, wallets, exchanges, and… Read More

Australia’s Westpac Introduces Dynamic Virtual Cards for Institutional, Corporate Clients

Westpac is launching Dynamic Virtual Cards for institutional, corporate and government customers, enabling fast and secure ‘tap and go’ payments, giving them greater control. Westpac’s Dynamic Virtual Card can be “used online as well as in-store via digital wallet tap and go transactions.” Jeff Byrne,… Read More

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