September 17, 2024 @ 9:49 am By Omar Faridi  |  

DIA, the open oracle network, has announced a fully reimagined oracle architecture with ‘Lumina’. Launching its testnet soon, Lumina is designed to “address the persistent lack of truly decentralized and trustless data infrastructure for web3 and aspires to set new standards for oracles, while expanding… Read More

September 17, 2024 @ 9:48 am By Omar Faridi  |  

Chainlink, the industry-standard decentralized computing platform, and ZKsync, an ever expanding verifiable blockchain network secured by math, announced that Chainlink CCIP, the industry-standard cross-chain protocol, is now live on ZKsync’s Era Mainnet. This is the next phase between Chainlink and ZKsync, and is “in line… Read More

September 17, 2024 @ 9:01 am By JD Alois  |  

The Bank for International Settlements (BIS) and the Institute of International Finance (IIF) have selected CaixaBank to work on a project exploring digital payments. CaixaBank will collaborate with the Bank of England, the Bank of France, and others on the initiative. CaixaBank highlights that it is the bank with the… Read More

September 17, 2024 @ 8:51 am By Omar Faridi  |  

Axoni, a provider of trade workflow applications and real-time data replication technology, announced the sale of its Veris post-trade processing business and related intellectual property to the London Stock Exchange Group (LSEG), a global provider of financial markets data and infrastructure. The transaction remains subject… Read More

September 17, 2024 @ 7:58 am By JD Alois  |  

Later this week, the US Federal Reserve, Federal Open Market Committee (FOMC), will reveal how much they will cut benchmark interest rates. This is the first time the Fed will cut rates since 2020. The debate on the rate cut has shifted to whether or… Read More

September 17, 2024 @ 7:37 am By Omar Faridi  |  

R3, the infrastructure platform building digital solutions for financial markets, and Quant, the digital finance pioneer, announce the release of the results of UK Finance’s UK Regulated Liability Network. The report which follows work with UK Finance with eleven of its members and partners on… Read More

September 17, 2024 @ 6:28 am By Omar Faridi  |  

Savr, a Fintech based in Sweden, has secured additional financial investment from Incore Invest, a European investment firm focusing on growth-stage investments, further deepening their ongoing partnership. The strategic investment from Incore Invest “will drive Savr’s latest offering to now include equities, alongside mutual funds… Read More

September 17, 2024 @ 6:22 am By Omar Faridi  |  

Revolut is reportedly preparing for a 2025 launch in India. Potentially targeting millions of India’s consumers in a vital test for the growth strategy of Europe’s most valuable Fintech, Revolut will aim to take advantage of establishing operations in one of the world’s fastest-growing economies. London-headquartered Revolut… Read More

September 16, 2024 @ 11:25 pm By Tony Zerucha  |  

As the U.S. Federal Reserve gathers next week, stakeholders are analyzing the potential effect of an interest rate cut. Whatever the board decides, Ivey Business School Professor Dr. Stephen R. Foerster, CFA, said there will be winners and losers. Foerster said lower ones tend to… Read More

September 16, 2024 @ 10:23 pm By Tony Zerucha  |  

Fintech Huma, a self-described PayFi network, has raised $38 million in funding. Distributed Global led the equity round, with participation from Hashkey Capital, Folius Ventures, the Stellar Development Foundation, and TIBAS Ventures, CVC arm of İşbank, the largest private bank in Turkiey. Part of this… Read More

September 16, 2024 @ 9:40 pm By JD Alois  |  

Hedera has announced the launch of an “all in one” asset tokenization studio. The platform is designed to streamline the tokenization process. Hedera is a high-performance, permissioned DLT network governed by a global council. The studio is an open-source toolkit for the “configuration, issuance, and… Read More

September 16, 2024 @ 9:20 pm By Omar Faridi  |  

Maybank, a dedicated banking partner to more than 1 million small and medium enterprises across ASEAN, today announced a strategic investment in Funding Societies | Modalku (Funding Societies), which is said to be the largest unified digital finance platform for micro, small and medium enterprises… Read More

September 16, 2024 @ 8:53 pm By Omar Faridi  |  

PGIM, the $1.33 trillion global investment management business of Prudential Financial, Inc., has received Financial Services Permission (FSP) to operate in Abu Dhabi Global Market (ADGM) and has opened a new office in Abu Dhabi, “located in the heart of the city’s financial district.” Establishing… Read More

September 16, 2024 @ 6:10 pm By JD Alois  |  

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

September 16, 2024 @ 5:37 pm By Omar Faridi  |  

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

September 16, 2024 @ 5:36 pm By Omar Faridi  |  

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

September 16, 2024 @ 5:16 pm By JD Alois  |  

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

September 16, 2024 @ 4:23 pm By Omar Faridi  |  

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

September 16, 2024 @ 2:15 pm By Omar Faridi  |  

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

September 16, 2024 @ 12:13 pm By JD Alois  |  

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