By the end of 2024, Bank of America (NYSE: BAC) corporate clients will have made over $1 Trillion in payment approvals on the bank’s CashPro App, the mobile app that firms use to manage treasury operations. This will represent a more than 25% year-over-year increase… Read More
Read more in: Fintech, Global | Tagged bank of america, banking, cashpro app, payments
Consensys shared the findings of its opinion survey on crypto and web3, conducted online by online research data and analytics technology group YouGov. As a follow-up to the report from 2023, Consensys expanded the scope of the survey, reaching over 18,000 individuals aged 18-65. With… Read More
Read more in: Global, Blockchain & Digital Assets | Tagged consensys, Crypto Adoption, Research Study, survey, Web3
Chainlink, which claims to be the standard for onchain finance, and Coinbase (NASDAQ:COIN) announced that Coinbase’s Project Diamond—a digital asset platform for institutions—is adopting the Chainlink standard as infrastructure for powering the lifecycle management of tokenized assets. Peregrine, PSG Digital’s regulated business in the ADGM,… Read More
Read more in: Blockchain & Digital Assets, Global | Tagged chainlink, coinbase, data, distributed ledger technology
Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention announced milestone achievements for its First-Party Fraud Consortium. The consortium seeks to unify firms in order to tackle the multi-industry issue of First-Party Fraud by “pooling data and insights which… Read More
Read more in: Artificial Intelligence, Regtech & Legaltech | Tagged artificial intelligence, digital identity, first-party fraud, friendly fraud, socure
Wayne Pommen, Affirm’s (NASDAQ: AFRM) Chief Revenue Officer, noted that the holiday shopping season is here and for retailers, it’s “make-or-break time.” Pommen also mentioned in a blog post by Affirm that despite recent inflation and economic uncertainty, retail spending is expected to “stay strong.”… Read More
Read more in: Fintech, Global | Tagged affirm, flexible payments, pay over time, research, spending
Utila, the crypto operations platform and enterprise-grade MPC wallet provider, announced a partnership with Twinstake, an “institutional-grade,” non-custodial staking provider to offer TON staking solutions for institutions. This collab empowers institutional investors to participate in TON staking and generate yields on their digital assets. The… Read More
Read more in: Blockchain & Digital Assets, General News, Global | Tagged mpc, staking, ton, twinstake, utila
Lunar, the Nordic challenger bank, is taking a step to redefine payments for enterprises by over time transitioning its Banking Services division into a new standalone entity within Lunar Group: Moonrise. This move underscores Lunar’s commitment to scaling its operations and unlocking the immense potential… Read More
Read more in: Fintech, Global | Tagged digital banking, europe, lunar, nordics
Crypto.com has announced a further acceleration of its plan to offer traditional financial services products with the acquisition of Orion Principals Limited, which is reportedly regulated by the Abu Dhabi Global Market (ADGM). Orion is an Abu Dhabi-based brokerage firm and is reportedly licensed by… Read More
Read more in: Blockchain & Digital Assets | Tagged abu dhabi, acquisition, crypto.com, orion principals
Cross River CEO Gilles Gade has applauded David Sacks’ nomination, calling it a win for Fintech, crypto, and AI regulation. Gilles Gade, Founder and CEO at Cross River Bank, noted that David Sacks’ nomination as ‘AI & Crypto Czar’ could be a pivotal moment for… Read More
Read more in: Blockchain & Digital Assets, Artificial Intelligence, Fintech, Opinion, Politics, Legal & Regulation | Tagged ai, cross river bank, Crypto Regulations, fintech adoption, insights, perspective
As consumers took advantage of Black Friday and Cyber Monday deals, analysis from TransUnion (NYSE: TRU) found that 4.6% of attempted ecommerce transactions globally were suspected to be Digital Fraud from this Thanksgiving to Cyber Monday. Based on insights from TransUnion’s intelligence network, TransUnion found… Read More
Read more in: Fintech | Tagged digital commerce, fraudulent activities, Research Report, scams
Five in 10 advisors surveyed now reportedly allocate more than 10% of client portfolios to alternative investments, with nine in 10 or 90% planning to boost allocations over next two years, according to an update shared by CAIS. Nine in 10 financial advisors surveyed (92%)… Read More
Read more in: Fintech, Global, Investment Platforms and Marketplaces | Tagged alternative investments, cais, insights, research
Apollo (NYSE: APO) and Santander announced that Apollo-managed funds and affiliates have agreed to invest in an approximately $370 million portfolio of infrastructure credit. The transaction was led by Apterra, an affiliate of Apollo founded in 2023 that specializes in “financing solutions for infrastructure projects.”… Read More
Read more in: Global | Tagged apollo, europe, investments, santander
Earlier this year, Payments Canada reportedly conducted a public consultation on proposed changes to Rule H6, which provides the framework for processing bill payment remittances via the Automated Clearing Settlement System (ACSS). The proposed changes aim to improve operational efficiency, the ability to embrace technological… Read More
Read more in: Canada, Fintech | Tagged bill payment, clearing sysystem, payments canada, remittances
For the second year in a row, the Australian fintech landscape has seen a decline in the number of independent active fintech firms headquartered in Australia, with “a 7% fall between the 2023 and 2024” according to the KPMG Fintech Landscape. As foreshadowed in KPOM’s… Read More
Read more in: Global, Fintech | Tagged australia, fintech adoption, kpmg
Taxbit noted that the IRS has released an updated draft, but “likely final,” version of Form 1099-DA. According to the update shared by Taxbit, the revised form includes one primary update to the prior draft released earlier this year that “aims to streamline compliance for… Read More
Read more in: Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged digital assets, irs, taxbit, taxes
After challenging years, a trend reversal appears to be emerging in the German market for mergers and acquisitions (M&A), according to an update from KPMG Germany. KPMG Germany noted in a research study that 65 per cent of companies initiated and completed more deals in… Read More
Read more in: Global, General News | Tagged germany, m&a, mergers and acquisitions, Research Report
Centana Growth Partners, a growth equity firm investing in the future of finance, announced the closing of its third fund, Centana Growth Partners III, L.P. with $600 million in capital commitments from limited partners. Coinciding with Centana’s 10-years of operations, this milestone marks a decade… Read More
Read more in: Fintech, Global | Tagged centana growth partners, investing
UK’s PensionBee noted that pension funds could be headed for another year of strong returns in 2025, according to predictions from investment banks, including JP Morgan, Morgan Stanley, and Bank of America. PensionBee explained in a blog post that the bull run in US stocks is expected to continue while other… Read More
Read more in: Fintech, Global, Strategy | Tagged outlook 2025, pensionbee, pensions, uk, united kingdom
Bitpanda has just announced that the platform now offers access to over 500 cryptocurrencies, setting a new standard in crypto investing. Bitpanda noted that this milestone cements their position as the European crypto platform for investors looking to diversify and “capitalize on the growing opportunities… Read More
Read more in: Blockchain & Digital Assets, Fintech, Global, Investment Platforms and Marketplaces | Tagged austria, bitpanda, crypto-assets, europe, investing
GFO-X announces ABN AMRO Clearing, IMC, Standard Chartered Bank and Virtu Financial as partners ahead of launch in Q1 2025. GFO-X is the UK’s regulated and centrally cleared trading venue dedicated to digital asset derivatives. GFO-X has been working with these partners to deliver the… Read More
Read more in: Blockchain & Digital Assets, Fintech, Global | Tagged abn amro, gfo-x, standard chartered, uk, united kingdom, virtu financial
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