March 20, 2025 @ 4:46 pm By Omar Faridi  |  

Multiply Mortgage, the financial technology company that is reportedly making homeownership accessible via employer benefits, announced it raised a $23.5 million Series A funding round, led by Kleiner Perkins. A*, Box Group, Mischief, and Workshop also participated, “bringing the company’s total funding to $27 million.”… Read More

March 20, 2025 @ 4:03 pm By JD Alois  |  

Robinhood  (NASDAQ: HOOD) has announced a new business segment with the launch of a prediction markets hub. The new vertical is operated by Robinhood Derivatives. The hub will enable trading on contracts for what the upper bound of the target Fed funds rate may be… Read More

March 20, 2025 @ 2:17 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has issued a statement on Proof of Work (PoW), a characteristic of some digital assets – most prominently Bitcoin. Proof of Work is a way to validate and mint new crypto. At one time, Ethereum was PoW, but it… Read More

March 20, 2025 @ 12:08 pm By JD Alois  |  

Two financial fraud experts say the Chancellor of the Exchequer, Rachel Reeves, needs to address the growing issue of financial fraud during next week’s Spring Statement. Silvija Krupena, Director of the Financial Intelligence Unit at RedCompass Labs, and Jonathan Frost, Director of Global Advisory at… Read More

March 20, 2025 @ 10:51 am By JD Alois  |  

A new platform called JikoNet aims to establish a network enabling institutions to settle high-volume transactions in real time while minimizing counterparty and liquidity risks. JikoNet leverages Jiko’s bank ledger for seamless USD transactions with instant T-bill trades and enables 24/7 real-time settlement for digital… Read More

March 20, 2025 @ 9:16 am By Omar Faridi  |  

Bitcoin Suisse is pleased to announce a collaboration agreement with SwissLedger, an initiative by the City of Lugano to establish an institutional blockchain for businesses and users in the city. Bitcoin Suisse becomes a “trusted” validator, providing infrastructure as well as organizational, operational, and technical… Read More

March 20, 2025 @ 9:14 am By Tony Zerucha  |  

Officials at Hostinger predict that many financial services jobs will be made redundant by AI and AI agents within five years. With the artificial intelligence market projected to grow from $184 billion in 2024 to $826.7 billion by 2030, businesses are rapidly adopting these technologies to… Read More

March 20, 2025 @ 8:58 am By Tony Zerucha  |  

According to a new report from fraud prevention platform Ravelin, e-commerce merchants are bracing themselves for a significant rise in AI-powered fraud over the next 12 months. The majority (91%) of retailers, travel companies, digital goods providers, and marketplaces are worried about criminals turning to… Read More

March 20, 2025 @ 8:55 am By JD Alois  |  

The Chancellor of the Exchequer, Rachel Reeves, will address Parliament next week with her economic plan, which she will present to policymakers. The Spring Statement is expected to include numerous policy changes aiming to boost economic growth while cutting government costs and associated red tape, which undermines… Read More

March 20, 2025 @ 8:07 am By Omar Faridi  |  

In a restructuring move, Santander UK, the United Kingdom based division of the Spain’s Banco Santander (NYSE: SAN), announced that it will close 95 of its 444 U.K. branches, representing roughly one-fifth of its physical network. The bank has posted a list of the impacted branches… Read More

March 20, 2025 @ 7:55 am By Omar Faridi  |  

Insights from Experian reveal the rise of ‘synthetic fraud’ in the UK. Recent analysis of confirmed fraudulent and potentially fraudulent credit applications shows that there was “an increase of 60% in false identity cases in 2024 when compared to 2023, with the cases now making… Read More

March 20, 2025 @ 7:54 am By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, today announced that it has expanded its partnership with Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, to the U.K. Adyen’s U.K. merchants looking… Read More

March 20, 2025 @ 7:54 am By Omar Faridi  |  

Ethereum, the second-largest cryptocurrency network by market cap and the world’s largest smart contract blockchain, is gearing up for its next major milestone: the Pectra upgrade. Scheduled for late March 2025, this update combines the Prague and Electra phases to optimize both the execution and… Read More

March 20, 2025 @ 7:53 am By Omar Faridi  |  

Under 35s are embracing a ‘spend now, save later’ mindset when it comes to planning ahead in their finances – with a quarter (25%) having £500 or less saved. This, according to research findings from UK’s NatWest. While 18–35-year-old Brits have an “average of £9,579… Read More

March 20, 2025 @ 7:52 am By Omar Faridi  |  

Innovate Finance has responded to the UK Financial Conduct Authority’s (FCA) consultation DP 24/4 on Regulating cryptoassets: Admissions & Disclosures and Market Abuse Regime for Cryptoassets. According to UK Finance, the regime is an important one, essentially regulating so-called “Shit Coins” that offer little or… Read More

March 20, 2025 @ 6:52 am By Omar Faridi  |  

Yesterday, the US Federal Reserve issued its FOMC statement regarding interest rates and the committee voted to keep benchmark rates exactly the same. The announcement was anticipated by markets, the bigger question is when the next rate cut will take pace. The Federal Reserve noted… Read More

March 19, 2025 @ 8:25 pm By Omar Faridi  |  

HashKey Capital has obtained a Type 1 license from the Hong Kong Securities and Futures Commission (SFC), further expanding its regulated capabilities under the SFC. HashKey Capital currently holds a Type 9 license, enabling the firm to “offer asset management products to both retail and… Read More

March 19, 2025 @ 5:28 pm By JD Alois  |  

Republic, the largest online capital formation platform in the world, has revealed a partnership with Hamilton Lane (Nasdaq: HLNE), which will add exposure to Private Equity (PE) on its marketplace. The “first-ever” infrastructure evergreen fund will now be available to US investors for an initial… Read More

March 19, 2025 @ 3:32 pm By Omar Faridi  |  

The Fintech sector has considerable potential, as highlighted in PitchBook’s Q1 2025 Analyst Note. Held in Las Vegas from February 25–27, 2025, the Fintech Meetup event drew over 4,000 attendees and showcased the industry’s untapped opportunities within a $14 trillion global financial services market, of… Read More