Tokenization Platform Centrifuge Comments on MiCA and EU Crypto Rules, Expectations for the US

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MiCA, or markets in crypto markets regulation, aims to create bright-line rules in Europe to enable digital asset innovation. While not regulating digital securities, MiCA covers just about everything else, including stablecoin regulation. The EU wants to encourage the development of new products and services… Read More

 

 




SoFi and PGIM Fixed Income Announce $525M Securitization Agreement, Indicating Demand for Personal Loans

SoFi Technologies, Inc. (NASDAQ: SOFI), a “one-stop shop” for digital financial services that helps members borrow, save, spend, invest and protect their money, announced a $525 million personal loan securitization agreement closed in Q4 2024 with funds and accounts managed by PGIM Fixed Income, one… Read More

EU Digital Operational Resilience Act (DORA) Goes Into Effect

The EU Digital Operational Resilience Act (DORA) is operational as of today. DORA aims to harmonize the rules regardingĀ digital operational resilience that apply to financial services firms like banks and more. DORA seeks to improve the incident reporting methodology with a single network which should… Read More

Upstream Accepts Dollar Based Stablecoin Deposits

Upstream, “a stock exchange for digital securities,” says it is now accepting Tethere – USDT or USDC dollar-based stablecoins. USDT os the largest stablecoin by market cap at $137.5 billion. USDC is the second largest. Upstream is part of MERJ, a regulated stock exchange based… Read More

Over One-Third of UK Adults Have Ā£25K+ in Cash Savings – Starling Bank Research

Over one-third of UK adults say they have Ā£25,000 or more in cash savings, according to research from Starling Bank, and it seems that “putting money aside for life goals is the key to building up a savings pile.” Starling Bank noted that 36% of… Read More

Airwallex Invests in LatAm Growth with Expansion into Brazil and Mexico

Airwallex announced several milestones in its global expansion strategy: securing a payment institution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder. With these two licenses secured,… Read More

Phantom Wallet Reports $150M Funding Round at $3B Valuation

Since Phantom Wallet launched in 2021, their mission was to make crypto safe and easy to use. Thanks to community support, Phantom Wallet says they emerged as one of the worldā€™s widely-used crypto wallets, soaring to the “top” of the App Store charts and welcoming… Read More

Senator Cynthia Lummis Tells FDIC Not to Cover Up Operation Chokepoint Information Regarding Digital Asset Opposition

Senator Cynthia Lummis has sent a letter to the Federal Deposit Insurance Corporation (FDIC) telling the regulator not to destroy any information concerning the agency’s attempt to undermine digital asset innovation. It has been widely reported that the FDIC used its power and influence to… Read More

US Department of Treasury Sanctions Chinese Entities that Hacked Treasury Department, Secretary Yellen’s Computer

China state-affiliated entities have been hacking both public and private organizations in the US for years now. This is part of China’s goal to usurp the US as the world’s top superpower.Ā  In an embarrassing revelation, the US Department of Treasury was hacked, including, apparently,… Read More

UK Industry Professional Says GDP Growth May Be Impacted By Challenging Financial Conditions, Rising Inflation

Yaelā€ÆSelfin, Chief Economist at KPMG UK noted that the UK economy emerges from downturn while “risks of further headwinds rise.ā€ Yael Selfin from KPMG also mentioned the UK GDP returned to growth after two consecutive months of decline, with “growth potentially accelerating in 2025.” They… Read More

Estateguru Says Investors Received ā‚¬36 million in Repayments in Q4

Estateguru, an online investment platform for small loans, said that investors received over ā‚¬36 million in repayments during Q4 of 2024. This includes both principal and interest, with ā‚¬3 million earned as interest by investors. During the quarter, investors funded ā‚¬20.6 million in loans, each… Read More




Financial Technology Association Tells FDIC to Modify Rules on Custodial Deposits

The Financial Technology Association (FTA) has sent a letter to the Federal Deposit Insurance Corporation (FDIC) telling them to modify rules designed to address custodial deposits. The letter was sent in response to proposed rulemaking on the accounts. The FTA says it supports the FDIC’s… Read More

Impossible Cloud Network’s Wawrzinek: Open Sea Data Leak Indictment of Lax Web3 Data Practices

The faults that contributed to the massive data leak on the NFT platform Open Sea back in 2022 came home to roost on Monday when more than seven million email addresses were publicly released. Impossible Cloud Network co-founder Kai Wawrzinek itā€™s a ā€œsad indictment of… Read More

Regtech SteelEye Report: US Enforcement Actions Hit Record High in 2024 as UK FCA Fines Tripled

The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) reported “record-breaking” enforcement actions in 2024, while the value of fines issued by the Financial Conduct Authority (FCA) more than tripled year-on-year, according to SteelEyeā€™s annual fine tracker. To create its annual… Read More

UK’s PensionBee Launches Climate Plan to Set Standard for Climate-focused Pensions

PensionBee, a firm focused on the consumer retirement market, has launched its new Climate Plan that sets a “clear” standard for climate-focused pensions. UK’s PensionBee explained that this plan not only excludes fossil fuel producers but also “commits to continually reducing the total intensity of… Read More

UK’s LendInvest Introduces Residential Mortgage Products and Increases LTV on MUFB BTLs

LendInvest Mortgages (LSE: LINV), a fintech platform dedicated to specialised lending, has announced the release of a suite of new and enhanced products designed to better serve the diverse needs of todayā€™s borrowers. Recognizing that not all borrowers fit the traditional lending mold, these updates… Read More

Fintech DailyPay to Assist Eminence Home Care with Offering Earned Wage Access Benefits to Workers

Eminence Home Care, a home healthcare agency, has partnered with DailyPay to offer its employees the financial wellness benefit of earned wage access. By offering the benefit, Eminence Home Care is empowering its caregivers with choice and control over their earnings to “pay bills, spend,… Read More

Copper Offers Digital Asset Custody Support for Agora AUSD

Copper, a firm focused on digital asset custody, collateral management, and prime services, is pleased to announce a partnership with Agora, the stablecoin issuer of AUSD (the “first” fully collateralized, freely tradable digital dollar). Copper now offers custody support for Agoraā€™s AUSD, a digital dollar… Read More

Mastercard and Northeastern University to Accelerate Cybersecurity Innovation and Expand Canadaā€™s Tech Workforce

MastercardĀ (NYSE: MA) is partnering with Northeastern University in Vancouver to accelerate cybersecurity innovation and expand Canadaā€™s technology workforce. Through 715,000 CAD, the collab will establish the Mastercard Professorship Fund and the Mastercard Vancouver Scholarship, initiatives designed to advance research and create “opportunities for women, BIPOC… Read More

Singaporeā€™s Financial Sector Must Prepare for Regulatory Scrutiny and Enforcement Action – Regtech Fenergo Report

Fenergo, the provider of digital solutions for client lifecycle management (CLM), know your customer (KYC) and transaction monitoring, announcedĀ  the findings of its report on financial institution enforcement actions. Global regulatory fines in 2024 saw a decline in value from “$6.57 billion in 2023 to… Read More

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