July 4, 2022 @ 3:49 pm By Omar Faridi  |  

Brazil’s C6 Bank clients can now make 100% free Pix Saque and Pix Troco transactions across the country. The new functionality “allows operations like these to be carried out in commercial establishments and lottery houses, not just at ATMs, making life easier for users.” Maxnaun… Read More

July 4, 2022 @ 3:47 pm By Omar Faridi  |  

Paysafe (NYSE: PSFE), a specialized payments platform, recently announced its entry into the Arkansas mobile sports-betting market through a partnership with BetSaracen, the sportsbook app from Saracen Casino Resort in Pine Bluff, Arkansas, which is “owned by the Quapaw Tribe, based in Oklahoma.” The partnership’s… Read More

July 4, 2022 @ 12:27 pm By Omar Faridi  |  

Lendio, which claims to be the nation’s “leading” small business financial solutions provider, recently announced it had obtained its SOC 2 certification from the American Institute of CPAs (AICPA) for its small business loan marketplace. As noted in an update shared with CI, SOC 2… Read More

July 4, 2022 @ 11:58 am By Omar Faridi  |  

Ivalua, which claims to be a global “leader” in Cloud Spend Management solutions, recently announced a strategic partnership with C2FO, which is one of the largest global platforms for working capital, “to empower Ivalua customers with enhanced supplier selection and the ability to streamline costs… Read More

July 4, 2022 @ 10:57 am By JD Alois  |  

A member of the Singapore Parliament has inquired as to whether, or not, the government intends on further restrictions on crypto trading. Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS (the Monetary Authority of Singapore) has issued a response. Shanmugaratnam states that this… Read More

July 4, 2022 @ 10:34 am By JD Alois  |  

Uphold, a crypto trading platform that is registered with the UK Financial Conduct Authority (FCA), is calling a bottom in the crypto markets. Since the beginning of 2022, digital assets have tumbled in value. At one point in 2021, crypto hovered around $3 trillion in… Read More

July 4, 2022 @ 10:07 am By JD Alois  |  

FATF (Financial Action Task Force) has issued an update on virtual assets (VAs) and virtual asset service providers (VASPs) and approved standards and implementation. FATF is a global entity but does not have rule-making authority as regulations must be set by members. FATF has pursued… Read More

July 4, 2022 @ 9:24 am By Omar Faridi  |  

Another loan that was issued by Chain Finance has now “been recovered,” according to an update from Debitum. The loan was issued to a Lithuanian licensed financial institution and now “100% of principal amount, interest, and penalty amount for being late have been credited to… Read More

July 4, 2022 @ 9:17 am By Omar Faridi  |  

Just three weeks after (the once leading) cryptocurrency lender Celsius revealed that it was halting withdrawals, platform users are now demanding some answers, according to a report from the WSJ. When crypto-asset lending platform Celsius had suspended customer accounts following a sharp decline in valuations,… Read More

July 4, 2022 @ 9:07 am By Omar Faridi  |  

On June 29, the European Commission and the Ukrainian Association of Fintech for Innovation Companies (UAFIC) and the European Association of Digital Finance (EDFA) supported a project to implement tech solutions that should help Ukrainians — pan-European hackathon “Coding Challenge for Ukraine.” The event’s partner… Read More

July 4, 2022 @ 1:24 am By Omar Faridi  |  

Flowdesk announced that it has secured $30 million in funding from investors such as Eurazeo, Aglaé Ventures, ISAI, Speedinvest, Fabric.vc, Ledger, and Coinbase, and 20 “well-known” business angels, including Alexandre Prot (Qonto), Nicolas Julia (Sorare), Pascal Gauthier (Ledger) and Sébastien Borget (The Sandbox). Established in… Read More

July 3, 2022 @ 11:09 pm By Omar Faridi  |  

Revolut, the global financial super app with over 18 million customers worldwide, has announced the appointment of Sid Jajodia as US CEO. Sid joined Revolut as Chief Banking Officer in July 2021 and will “continue in this role alongside being US CEO, leading the roll… Read More

July 3, 2022 @ 10:24 pm By Omar Faridi  |  

  Analysis of online jobs data has found that digital currency exchange Kraken is “leading” the crypto recruitment charge. The company is looking “to fill over 650 new positions in the past week in the UK and United States.” Further analysis shows that Jack Dorsey’s… Read More

July 3, 2022 @ 10:14 pm By Omar Faridi  |  

Synch Payments, the Irish instant mobile payments provider, recently announced that it has entered into an agreement with European Paytech Nexi as its platform and service provider to help bring the Synch proposition to Irish clients. Synch has reportedly obtained authorization from the Competition and… Read More

July 3, 2022 @ 10:11 pm By Omar Faridi  |  

Global Processing Services (GPS), a global payment tech platform, recently announced the promotion of Joanne Dewar to Vice Chair. Kevin Schultz has also “been appointed as Chief Executive Officer, effective immediately.” Joanne will “maintain her position on the GPS board, where she will focus on… Read More

July 3, 2022 @ 9:27 pm By Omar Faridi  |  

Following the news that non-fungible token (NFT) marketplace OpenSea had suffered a data breach, Kaleb Ells, Analyst on the Thematic Team at GlobalData, a data and analytics company, noted: “This mass data breach highlights that OpenSea is not yet providing the security fundamentals that are… Read More

July 3, 2022 @ 9:17 pm By Omar Faridi  |  

echo3D, a Cloud platform that streamlines the way 3D, AR, and VR content is stored and streamed, has secured an investment of $5.5 million led by Qualcomm Ventures, with participation from Remagine Ventures, Konvoy Ventures, and Space Capital LP. The announcement comes on the heels… Read More

July 3, 2022 @ 9:07 pm By Omar Faridi  |  

Virtual banking tech provider Amount is the latest Fintech firm to trim down its workforce, reducing its employee headcount by around 18%, according to a recent report from TechCrunch. Amount offers retail banking and point-of-sale tech to customers such as Banco Popular, HSBC, Regions Bank… Read More

July 3, 2022 @ 8:37 pm By Omar Faridi  |  

Coinbase Tracer, the analytics division of the digital asset firm Coinbase (NASDAQ:COIN), has reportedly committed to a contract with US Immigrations and Customs Enforcement that will allow the agency to gain access to various features and data caches. This would include historical geo tracking data… Read More

July 3, 2022 @ 8:22 pm By Omar Faridi  |  

Minna Technologies has announced a partnership with Steven, the financial health app touted as the “best way” to keep track of shared expenses and the “best app” for settling debts among friends and family members, by simplifying debts and reminding yourself and friends when to… Read More