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

 

 




Third Financial’s Mobile App to Provide Real-Time Valuations and Investment Analysis

Third Financial, part of the Nucleus group, has launched a mobile app for iOS and Android devices. It will enable access to all the clientā€™s investments in one place, providing real time valuations across the range of investment wrappers, along withĀ  investment analysis and the… Read More

Gevolut Launches Firestarter ZK Proving Network

Gevulot, a zero-knowledge (ZK) firm building the ZkCloud, this week announced the launch of Firestarter, its first production-ready, universal ZK proving network. Designed to simplify and accelerate proof generation, Gevolut said Firestarter reduces costs by more than 95% compared to current solutions while improving ZK,… Read More

Fintech NAO Raises ā‚¬3.4 Million in Seed Funding, Aims to Become Top Alt Investment Platform

NAO, a Berlin-based Fintech, has raised ā‚¬3.4 million in Seed funding, according to a company statement. The round was said to be led by a family office of a Swiss private investor. The Wealthtech says it is on a mission to become the top investing… Read More

Bitcoin Reaching $100K+ Signals Next Phase of Resilient Bull Run, According to Research Analyst

As the crypto industry had speculated on if and when Bitcoin could hit the $100,000 milestone (which it has now surpassed reaching a high of more than $103,000) analysis by Copper.coā€™s Head of Research Fadi Aboualfa suggests ETF flows could be the driver to get… Read More

CFTC Staff Issues Advisory Related to Use of AI by CFTC-Registered Entities, Registrants

The Commodity Futures Trading Commissionā€™s Divisions of Clearing and Risk, Data, Market Oversight, and Market Participants has recently issued a staff advisory on the use of artificial intelligence in CFTC-regulated markets by “registered entities and registrants.” The advisory reminds CFTC-regulated entities of their obligations under… Read More

The Payments Association: It’s About Time the US Leads World on Crypto

The change in the US administration is expected to usher in a new era of digital asset innovation. During the Biden Administration, there was open hostility toward crypto that went beyond the pursuit of fraud and scams. Many firms sought to be regulated but were… Read More

France: Crowdfunding Platforms Unite as Ulule Acquires KissKissBankBank from La Banque Postale

French crowdfunding platform Ulule has acquired its KissKissBankBank from La Banque Postale for an undisclosed amount, according to reports.Ā  La Banque Postale acquired KissKissBankBank in 2017. At the time of the purchase the CEO of La Banque Postale explained the move as respondingĀ to new consumption… Read More

Nigel Green’s Trends Shaping 2025

AIā€™s growing spectre, geopolitical conflict, and surging energy demand are deVere Group CEO Nigel Greenā€™s three biggest trends shaping 2025. Investors who align their portfolios with these forces are set to capitalize on significant opportunities amid turbulent times. Geopolitical tensions are escalating across multiple regions…. Read More

Brighty Reportedly Secures $10M to Enable Crypto Payments, Expand Business Across Europe

Brighty, a digital finance platform that enables crypto-card payments in the real world, announces a $10 million round from Futurecraft Ventures. The funds will be used to expand its presence in Europe and the UK. Brighty is a personal finance app that combines traditional digital… Read More

Industry Professionals Claim We’ve Only Scratched Surface of What AI Can Do in Fintech

We have just scratched the surface of what AI can do in Fintech, and 2025 will bring “new trends into play,” according to an industry outlook from Giuseppe Sette of Reflexivity and Raahkee Miller of Siebert. CI received insightful comments on the fintech industry’s outlook… Read More




Investor Relations Platform Sightglass Raises $3M

This week, Sightglass, an AI-powered investor relations platform for private markets, announced it has raised aĀ $3 millionĀ seed funding round led by Base10 Partners. Sightglass was founded byĀ Thomas Buley, who was most recently the VP of product at Guideline. The company will use the funding to… Read More

Revolut Focused on Mobilization Period for its UK Bank and Building Out its Board

Revolut UK is focused on building out its Board with two senior appointments. The update from the digital bank comes as Revolut is working through the mobilization period for its UK Bank. According to the announcement from Revolut, Fiona Fry and Sir Peter Estlin join… Read More

Consumer Financial Protection Act Co-Author Applauds California EWA Rule

A co-author of the Consumer Financial Protection Act of 2010 believes Californiaā€™s new earned-wage access (EWA) rule is a positive step that other states can look to when building their own rules. Tom Scanlon is now the general counsel and chief compliance officer at Rain,… Read More

Ethereum (ETH) Reaches $4K But Clear Evidence of Sustained Growth Needed: Crypto Analyst

As Ethereum (ETH), the largest smart contract platform and second-largest crypto-asset by market cap, surpasses the $4000 mark, insights from Nansen, a chain analytics firm, shed light on what this development signifies and what is to be expected going forward. Nicolai Sondergaard, Research Analyst at… Read More

Citi Wealth and Hildebrandt Consulting Examine How Law Firms are Responding to Market Challenges

2025 Citi Hildebrandt Client Advisory reports significant law firm industry revenue growth was driven by increasing demand. Demand was pivotal to growth in 2024, ignited by a diverse range of law firm practices including “litigation, regulatory, bankruptcy.” Optimism will continue as a key theme in… Read More

Web3 Security Incidents Resulted in Over $86 Million in Losses in Past Month – Report

Last month, the total losses from Web3 security incidents have reportedly amounted to appr. $86.24 million. According to the SlowMist Hacked Database, 21 hacking incidents were recorded, resulting in losses of appr. $76.86 million, of which “$25.5 million was recovered.” As mentioned in the update… Read More

Insurers Reap Benefits From Digital Investments: Study

Insurers have learned that investments in app development pay off in happy customers, the J.D. Power 2024 U.S. Claims Digital Experience Study reveals. Auto and home insurers have spent the past year adding dozens of new features and refinements to their mobile apps, such as… Read More

BNP Paribas Wealth Management Shares Key Investment Trends Expected in 2025

BNP Paribas Wealth Management noted that in 2025, investors should keep front of mind a few select trends, especially in a challenging context. First, BNP Paribas noted that lower interest rates will support “leveraged asset classes,” such as real estate, infrastructure and private equity. Furthermore,… Read More

Financially Unhealthy SMB Owners Borrow Off Credit Cards: Study

While 83% of U.S. small businesses expect more good than bad things to happen for their companies, 51% are categorized as financially unhealthy.Ā Among those who are financially unhealthy, 61% are carrying revolving debt on their business credit cards, and Ā 63% are borrowing with those cards… Read More

Finance Automation Firm Tipalti Accelerates Business Growth with Canadian Expansion

Finance automation firm Tipalti announced the launch of its localized solution for the Canadian market and registration as a money services business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), marking a key milestone in its international expansion. Since establishing a… Read More

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