Omar Faridi

Billtrust Partners with Visa to Extend Business Payments Network Collaboration

Billtrust, a firm focused on the B2B order-to-cash and digital payments market, announced that it has extended its collaboration with Visa (NYSE: V), an enabler of digital payments, to support its Business Payments Network (BPN). Visa will continue to offer BPN access to its financial… Read More

Consensys Launches MetaMask Delegation Toolkit to Accelerate Web3 and Blockchain Adoption

Consensys introduced a new chapter in web3 and blockchain adoption with the launch of the MetaMask Delegation Toolkit. The package of developer tools and smart contracts “enables dapps and protocols to build wholly new experiences, while providing robust, granular levels of safety tailored to users’… Read More

insightsoftware Announces Acquisition of LeaseAccelerator, a Provider of Real Estate Lease Administration, Lifecycle Management

insightsoftware, the provider of solutions for the Office of the CFO, announced it acquired LeaseAccelerator, a provider of automated solutions for lease accounting, real estate lease administration, competitive lease sourcing, and lease lifecycle management. The acquisition extends insightsoftware’s market reach in the U.S. and “enhances… Read More

Shell Box and NuPay to Simplify Fuel Payments Across Brazil

Nubank (NYSE: NU) customers across Brazil now have access to a new alternative for fuel payment transactions. Users of the Shell Box app, Shell’s platform for experiences, “can now enjoy the convenience of paying for their fuel using NuPay, an online payment method for Nubank… Read More

Sygnum, a Digital Assets Banking Group, Launches Multi-Asset Instant Settlement Network

Sygnum, a global digital asset banking group, announces the launch of Sygnum Connect, its 24/7 multi-asset instant settlement network. The network settles fiat, digital assets and stablecoin transactions “for institutional investors, liquidity providers, stablecoin issuers, brokers and selected exchanges.” Sygnum Connect fills the current industry… Read More

UK’s Metro Bank Announces Limited Company Buy-to-Let Product as Part of Focus on Becoming Specialist Lender

Metro Bank has recently announced that it launched its first Limited Company Buy-to-Let product as part of its continued focus on becoming a leading specialist lender. Owning a property through a Limited Company structure “can be more tax efficient than owning the same property on… Read More

Judge Denies Coinbase’s Request to Subpoena US SEC Chairman Gary Gensler

Crypto exchange Coinbase (NASDAQ:COIN) and the US Securities and Exchange Commission (SEC) have been clashing with each other during the last few weeks on Coinbase’s subpoena requesting for SEC Chairman Gary Gensler’s personal communicatons and other details from a period prior to him being appointed… Read More

Fintech Sadapay has Reportedly Announced Layoffs while Citing Cost-Cutting Measures After Acquisition, Equity Injection

Pakistan based Fintech firm Sadapay has reportedly laid off around 30% of its employees, which includes sevearl C-suite execs, according to an update shared by local sources. Sadapay claims that the layoffs were made due to cost-cutting measures and the decision was announced during a… Read More

Estateguru CEO Mihkel Stamm Shares Mid-Year Update, Reflecting on Results and Goal to Achieve Profitability

Estateguru has shared their Mid-year 2024 update from their CEO. Estateguru’s CEO, Mihkel Stamm, looks back on the first half of 2024, and provides an extensive “update on the company’s results and plans.” Mihkel Stamm notes that as we look back on the first half… Read More

Digital Prime Technologies Announces Capital Raise via tZERO Securities Platform

Digital Prime Technologies, LLC, an aspiring provider of digital asset technology for financial institutions, has listed a Reg D offering on tZERO. The company claims that its “Tokenet” platform and Prime Solutions products can enable digital asset management. As the offering is under Reg D,… Read More

Global Fintech Ecosystem Secures Nearly $16 Billion in Capital During H1 2024, UK Tops All Other EU Countries Combined – Report

Data generated by Pitchbook and posted by Innovate Finance, a UK-based group that supports the Fintech community, highlights global Fintech funding trends in the first half of 2024. The data includes both equity and debt funding raises. Fintech has been a significant success story “for… Read More

Majority of Gen Z Consumers Reportedly Don’t Earn Enough to Cope with Cost of Living Crisis

46% of Gen Zers (ages 18-27) rely on financial assistance from parents and family, according to new research from Bank of America’s (NYSE: BAC) Better Money Habits financial education team. In addition, 52% of those surveyed said “they don’t make enough money to live the… Read More

DOJ: Crypto Exchange BitMEX Pleads Guilty to Bank Secrecy Act Offense, BitMEX Says Its Old News

Global cryptocurrency exchange BitMEX has pleaded guilty to a Bank Secrecy Act offense, according to the US Department of Justice (DOJ). BitMEX willfully “flouted” U.S. Anti-Money Laundering (AML) laws, claims the DOJ. Damian Williams, the United States Attorney for the Southern District of New York,… Read More

Bank of Ireland Spending Pulse Report Analyzes Debit and Credit Card Spend, Reveals Economic Impact Following Recent Events

After a “record breaking” 3-night run at the Aviva Stadium that left concert goers still trying to ‘Shake Off’ the Taylor Swift effect, the latest Bank of Ireland Spending Pulse analyzing debit and credit card spending reveals the economic impact of her visit. Analyzing 27th… Read More

Crypto Market Downturn Accompanied By DeFi Total Value Locked Experiencing 8.7% Decline in TVL in June – Report

Binance Research has examined key Web3 developments in June 2024 to provide an overview of the ecosystem’s current state. Binance Research analyze the performance of crypto, DeFi, and NFT markets. Despite a strong start to the month of June, the market “encountered major sell-offs and… Read More

Airwallex Research: Majority of Travel Firms See Fragile Margins Eroded by “Inefficient” Payments Systems

Research has revealed 66 percent of travel companies are seeing their profit margins impacted by outdated or complicated payment systems, with nine in 10 expected to prioritize modernising their financial operations this year. In a report released by global payments and financial platform, Airwallex, and… Read More

Venture Capital Fundraising is at Lowest Levels Since 2014 and Continues to Decline – Report

Pilot‘s CFO Services team recently published their Q1 Market update on the Venture Capital landscape. Their main takeaways are as follows: Deal activity in Q1 remained roughly flat QoQ, but varied by segment: pre-seed and seed-stage saw notable declines while late-stage saw moderate increases, with… Read More

TransUnion and Asurint to Provide Compliance Focused Resident Screening Solution to Property Managers

Multifamily property managers face a daunting task when it comes to screening applicants. They need to conduct thorough criminal background checks in “a timely manner, while observing increasingly stringent consumer privacy regulations.” To address this challenge, TransUnion (NYSE: TRU) announced its collaboration with Asurint to… Read More

Fintech Fave Obtains In-Principle Approval for MPI License from Monetary Authority of Singapore

Fave Singapore, operating under the registered entity name Beeconomic Singapore Pte. Ltd. and part of the Pine Labs group today announced that it has received an in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) Licence to offer account… Read More

Alchemy Pay Announces Support for Cash Payments via Crypto On-Ramp Service for Taiwan Consumers

Alchemy Pay, the fiat-payment gateway, now supports cash payments on its On-ramp service for Taiwan users that enhances the convenience of purchasing crypto-assets. Users can now place the order and pay with cash in Taiwan’s local fiat currency, TWD, at popular offline convenience stores “such… Read More

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