Round 2: SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Shares Plunge

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Following the revelation of charges filed against Binance and its founder, the Securities and Exchange Commission (SEC) has filed similar charges against Coinbase (NASDAQ:COIN) – the US’s only publicly traded crypto exchange. The charges against Coinbase include operating an unregistered securities exchange, acting a broker,… Read More




Finsemble, Glue42 Merge to Become, the Interoperability Platform for Capital Markets

Finsemble and Glue42 announce the two firms have merged, “bringing together the best in desktop interoperability technology and automated workflows.” The merger positions the new firm,, “as the industry leader in interoperability for capital markets and beyond.” brings together the technologies of both… Read More

UK Fintech Griffin Secures $13.5M via Series A Led by MassMutual Ventures

Griffin, the UK’s full-stack Banking as a Service platform, announced that it has raised $13.5 million (£11 million) in a Series A funding round “led by global VC firm, MassMutual Ventures, with participation from existing investors Seedcamp, Notion Capital and EQT Ventures.” This investment round… Read More

Digital Identity: Veriff, Inverid to Expand ID Verification Capabilities

Veriff, a global identity verification provider, announced at Money 20/20 Europe its partnership with Inverid, the first Near Field Communication (NFC)-based mobile identity verification technology, in order “to bolster the company’s existing identity verification offerings.” Inverid’s ReadID’s identity verification solution “verifies identities through government-issued identity… Read More

C6 Bank Introduces Carbon Footprint Product, Powered by Thought Machine’s Core Banking Tech

C6 Bank announces that its new carbon footprint product which launched last month running on Thought Machine’s cloud-native core banking technology, Vault Core, has offset more than 900 tonnes of carbon. ‍The carbon footprint offering, “built at record speed in under six months, makes C6… Read More

Fraud Prevention Platform Sift Expands Partner Program, Enhancing Digital Trust, Safety Delivery to New Regions

Sift, a firm focused on Digital Trust & Safety, announced a significant expansion of its worldwide partner program. The Sift Partner Program “extends Sift’s fraud prevention platform to a network of businesses worldwide, and across key industry verticals.” The expanded program “supports business models and… Read More

BNY Mellon’s Pershing X Introduces Wove, a Wealth Management Platform

BNY Mellon’s Pershing X, a technology provider within BNY Mellon | Pershing (NYSE: BK), debuted Wove, a wealth management platform that integrates the technology tools advisors use into a single, data-driven platform. Pershing X President Ainslie Simmonds, said: “When building Wove, we went beyond just… Read More

Australian Payments Plus (AP+) Supports Government’s Plan for the Nation’s Payments System

AP+ reportedly says that it welcomes the Australian Federal Government’s Strategic Plan for Payments System. Australian Payments Plus (AP+) confirms that it “supports the Government’s Strategic Plan for the Australian Payments System.” According to an update shared with CI, the plan is critical “for driving… Read More

BitGo Confirms Acquisition of Prime Trust, Signs Term Sheet to Acquire 100% of Firm

BitGo has signed a term sheet to acquire the equity of Prime Core Technologies, the parent company of Prime Trust. Both companies provide services such as custody to digital asset firms. Earlier today, rumors filtered out about a deal with BitGo being in the works… Read More

Zelle Says Not Our Fault Following Double Transfers by Chase

Last week, Chase (NYSE:JPM) experienced a significant problem as some online banking accounts saw Zelle transfers apparently sent out twice. For some smaller accounts, this led to overdrafts and a negative balance – something most consumers and businesses wants to avoid. After several hours of… Read More

Rumors Indicate Prime Trust on the Brink, BitGo May Acquire

According to multiple rumors and reports, Prime Trust, a top infrastructure provider in the crypto sector, could be on the brink of failure or acquisition. A recent Tweet claims to have knowledge that Prime Trust is close to insolvency. So this is in regards to… Read More


UKG Enhances Multi-Country Payroll with Agreement to Acquire Immedis

To transform multi-country payroll with the HCM industry’s most adaptable, intelligent experience for multinational businesses, UKG Inc., a provider of HR, payroll, and workforce management solutions for all people, has reached an agreement to acquire Immedis, a global payroll provider with technology and services supporting… Read More

Tip of the Iceberg? Big Real Estate Firm Walks Away from Two Hotels in San Francisco

It has been widely reported that a big real estate investment firm has walked away from two hotels in San Francisco. One hotel, the Hilton, was the largest in the city, with almost 2000 rooms. The other hotel, Parc 55, is home to over 1000… Read More

Zumo Founder Comments on FCA Crypto Marketing Rules

As was previously covered, the UK Financial Conduct Authority (FCA) has proposed new marketing rules for crypto offerings. The rules aim to largely align with current financial product requirements while also incorporating a “cooling off period.” In brief, digital asset investors must acknowledge they can… Read More

LatAm based Crypto Firm Bitso Advances with ‘Test that Matters,’ Makes Initial Results Available to Public

Bitso, the crypto-powered financial services company in Latin America, today made public the progress of its “Proof that Matters” with which it “shows its solvency with cryptographic technology in all Bitcoin and Ether assets held on its platform, through the Zero-Knowledge Proof developed by Proven… Read More

BNPL: Affirm Receives Big Boost as Amazon Adds Credit Option for Purchasers

Affirm (NASDAQ: AFRM) has received a significant boost as Amazon (NASDAQ:AMZN) one of the largest retailers in the world, has added this buy now pay later (BNPL) option to purchasers on the Amazon platform. Shareds in Affirm jumped following the news. Omar Soudodi, director of… Read More

Senator Lummis Slams SEC’s Enforcement Action Against Coinbase

Senator Cynthia Lummis, one of the most crypto-supportive members of the US Senate, has issued a statement regarding the Securities and Exchange Commission’s (SEC) decision to file an enforcement action against Coinbase (NASDAQ:COIN) – a company the SEC approved to go public. Lummis said the… Read More

Crowdfunding: SeedBlink Expands into Germany, Austria and Switzerland

SeedBlink, a European securities crowdfunding provider, has expanded into the DACH countries – Germany, Austria, and Switzerland. SeedBlinke, based in Bucharest, has been announcing operations across different EU countries in recent months. SeedBlink pitches its services as a “co-investment platform,” allowing VC money to pair… Read More

Fintech Plum, the Smart Money App, to Launch “Interest” Offering

Plum, the “smart money” app, is reportedly planning to launch a new “Interest” offering in Q3, so customers can benefit more quickly and directly from rising central bank rates. Plum customers in the UK and EU will be able “to hold their money in government-backed… Read More

iBanFirst Introduces Local USD Accounts to Support Firms in their US Expansion Efforts

At a time when the EUR/USD pair has never been so sensitive to market fluctuations, iBanFirst is now offering its clients “the possibility of opening local accounts in USD to facilitate the transfer of flows from European SMEs to the US.” It can be particularly… Read More

Personal Financial Management Becomes New Frontier for Bank, Credit Card Apps, J.D. Power Report Claims

After more than a decade of significant investment in mobile apps and websites, many U.S. banks and credit card providers have mastered the basics of digital transaction management and are now turning their attention to more advanced “super tools.” According to a series of recent… Read More

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