Omar Faridi

UAE’s Largest Real Estate Firm Emaar Launches New Token Developed on JPMorgan’s DLT Platform Quorum

United Arab Emirates (UAE)-based real estate firm Emaar Properties has launched a new blockchain token-based referral and loyalty platform. Emaar, the developer of Burj Khalifa, the world’s tallest building, and the Dubai Mall, intends to use the EMR token to reward its customers, according to… Read More

European Banking Authority Announces New Deadline for Payment Security Rules

The European Banking Authority (EBA), a regulatory agency that performs stress tests on European banks to increase transparency in the region’s financial system and identify weaknesses in institutions’ capital structures, has extended the deadline for the migration to Strong Customer Authentication (SCA) to December 31,… Read More

Deputy Governor of France’s Central Bank Says Lawmakers Should Develop Standardized Crypto Regulations

Denis Beau, deputy governor of Banque De France, the nation’s central bank, says that lawmakers should develop a comprehensive global regulatory framework for digital assets. Beau, whose comments came during a speech at an Official Monetary and Financial Institutions Forum (OMFIF) conference in London on… Read More

Bank of England Reports that Machine Learning Methods in Financial Services Could Enhance Business Processes

A report from the Bank of England (BoE) notes that the application of machine learning (ML) methods in the financial services sector could enhance routine business processes.  Improved software and hardware and increasing volumes of data have enhanced the pace of ongoing ML development, BoE’s… Read More

Betterment for Advisors Takes a Unique Approach to Active Investments

Robo investment advisors have threatened to make human advisors obsolete and the rise in passive investments may lead to less demand for active management. However, a recent partnership between Betterment and Dimensional Fund Advisors (DFA) indicates that there may still be a need for certain… Read More

Jason Urban: DrawBridge Lending CEO Discusses Risk and Compliance for Lending Capital to Bitcoin Holders

Earlier this month, DrawBridge Lending (dba DBL Digital), a digital asset lending, borrowing and investment management firm, partnered with Kingdom Trust, a qualified custodian providing a self-directed IRA incorporating several digital assets with property and traditional asset investments. DBL Digital and Kingdom Trust aim to… Read More

Blockchain Secuirty Firm CipherTrace Launches Comprehensive Virtual Asset Tracing Capability

CipherTrace, the leading provider of cryptocurrency intelligence and blockchain security, announced on October 15 the launch of a comprehensive virtual asset tracing capability.  According to a press release shared with Crowdfund Insider, CipherTrace customers can trace Bitcoin (BTC) transactions and over 700 digital tokens following… Read More

Report: Southeast Asia’s Growing Internet Economy Is Driving Fintech Adoption

Southeast Asia’s internet and e-commerce economy is growing steadily due to the widespread use of mobile phones. The region’s middle class has also been growing, according to a recent report compiled by Google, Temasek and Bain & Company. Published earlier this month, the e-Conomy SEA… Read More

Fintech Investments in Singapore Surged 69% from Previous Year to $735 Million

Investment in Fintech-related projects in Singapore increased significantly during the first nine months of this year. It was mainly led by fundraising rounds for payment companies and insurtech startups with a shift toward mature firms. As of October 2019, the combined value of Fintech deals… Read More

Grayscale Posts Record-Breaking Quarter, Attracts Over $250 Million into its Investment Products

Digital Currency Group (DCG) subsidiary Grayscale Investments, the largest institutional holder of Bitcoin (BTC), has published its Digital Asset Investment Report for third quarter 2019. The firm’s report highlights its record-breaking quarter. During Q3 2019, Grayscale attracted $254.9 million into its investment products, which is… Read More

Grayscale Receives Regulatory Clearance from FINRA to Offer Publicly-Traded Digital Currency Fund

New York-based Grayscale Investments has obtained regulatory approval from the Financial Industry Regulatory Authority (FINRA) to list the first publicly-traded digital currency index fund. According to a press release, the company’s Digital Large Cap Fund (DLC) will be listed on over-the-counter (OTC) markets and trade… Read More

Financial Giant HSBC Is Planning to Relaunch First Direct to Attract Younger Customers and Compete With Digital Challengers

HSBC, one of the world’s largest banking and financial services organizations, is planning to embrace new technologies and relaunch its “First Direct” brand in order to attract younger clients while competing with digital challengers. According to the Financial Times, the London-headquartered financial institution is considering… Read More

Dutch Fintech Safened that Offers Digital KYC Checks Rebranded as Fourthline

Dutch Fintech firm Safened will be rebranding as Fourthline in order to comply with new know-your-customer (KYC) requirements. Safened has conducted digital identity checks for many clients, including established banks and financial services companies like Allianz, N26, and Wirecard. A team of experienced industry professionals… Read More

Report: 5G Technology Will Significantly Impact Banking and Smart City Development

5G (fifth generation cellular network technology) is expected to significantly improve several key sectors of society. The newly developed 5G tech offers 10 times faster speeds compared to 4G networks.  5G also enables higher network connection density in terms of the number of online devices… Read More

SimplyVital Receives $225,000 Grant from US National Science Foundation to Research Blockchain Protocols

Brighton, Massachusetts-based blockchain startup SimplyVital Health, Inc. was awarded a $225,000 grant by the US National Science Foundation (NSF) to conduct research on integrating different distributed ledger technologies (DLT). According to the release, SimplyVital will work on integrating the open-source Nexus protocol with the Graphene… Read More

Decentralized Communication Firm New Vector Raises $8.5 Million to Drive Adoption for Messaging Protocol Matrix

UK-based decentralized communication company New Vector raised $8.5 million to help drive adoption for an alternative messaging protocol, called Matrix. The Matrix protocol has been designed to enable secure communication through end-to-end encrypted messaging platforms such as Riot.IM, which is an alternative to Slack, Telegram,… Read More

Facebook’s Subsidiary Calibra Is Being Sued for Trademark Infringement By Mobile Banking Developer Current

Facebook’s subsidiary Calibra is being sued for trademark infringement by Current, the developer of a mobile banking app. The complaint was submitted on October 10 in the US District Court for the Southern District of New York. It alleges that Calibra’s logo is quite similar… Read More

Fintech Ripple’s Xpring Invests $750,000 to Integrated XRP With BRD’s Crypto Wallet

Mobile wallet developer BRD is partnering with Fintech Ripple’s Xpring to promote XRP adoption. The companies revealed on October 11 that Xpring is planning to invest approximately $750,000 into BRD in order to develop the “internet of value.” As part of the strategic partnership, BRD… Read More

Blockchain-based Trade Finance Platform Marco Polo Is Testing Its First Trade Deal Between Russia and Germany

Marco Polo, a trade finance blockchain that has partnered over 20 banks, is testing its first trade deal between Germany and Russia. The company’s pilot was announced on October 11.  Russian’s Alfa-Bank and Novolipetsk Steel Company (NLMK) will take part in the pilot. Germany’s Commerzbank… Read More

Report: Corporate Treasurers Say Cloud Computing, plus AI & Big Data Will Be Most Important Tech Advancement to Impact their Industry

Corporate treasurers believe that advancements in cloud computing will be one of the most important technological developments to impact their industry in the coming years. Big Data analytics and artificial intelligence (AI) are also expected to improve standard business processes. The Deutsche Bank-supported Economist Intelligence… Read More

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