March 28, 2025 @ 8:34 am By Omar Faridi  |  

Cryptocurrency has evolved from a niche concept to a global financial phenomenon, with adoption rates soaring across continents. According to a recent analysis, research findings, and updates shared by Bitpanda Technology Solutions, approximately 562 million people—6.8% of the world’s population—now own crypto assets as of… Read More

March 28, 2025 @ 6:05 am By Omar Faridi  |  

Stable Sea, a stablecoin liquidity and orchestration company that facilitates stablecoin offramping to global markets, announced a $3.5 million funding round led by Kindred Ventures with participation from Ludlow Ventures, DFS Lab, The Venture Dept. and The Fintech Fund. The proceeds from the funding round… Read More

March 27, 2025 @ 2:34 pm By Omar Faridi  |  

BlackRock (NYSE: BLK) has gone live with a “customizable” public-private model portfolio within a Unified Managed Account (UMA). The models are powered by GeoWealth’s UMA technology and supported by iCapital’s underlying technology capabilities.” The launch marks the “first” time a customizable model portfolio that includes… Read More

March 27, 2025 @ 2:32 pm By Omar Faridi  |  

Circle is pleased to announce that USDC and CCTP V2 are now live on Linea, reportedly making it the “first” blockchain to upgrade from Bridged USDC Standard to native USDC. According to stablecoin issuer Circle, this latest milestone enhances liquidity, security, and capital efficiency for… Read More

March 27, 2025 @ 9:49 am By Omar Faridi  |  

Equifax (NYSE: EFX) has launched a new solution, The WorkNumber Report Indicator, enabled by the Equifax Cloud to empower lenders by delivering a  Equifax credit report with an indicator of “employment status earlier in the mortgage qualification process.” The current lending environment requires a fuller view… Read More

March 27, 2025 @ 8:31 am By Omar Faridi  |  

In a move to help lenders leverage open banking enabled consumer-permissioned transaction data, Experian announced the launch of Cashflow Score. The solution is the latest in a list of products that may be used to make lending decisions and provides “up to 25% lift in predictive… Read More

March 27, 2025 @ 7:29 am By Omar Faridi  |  

TransUnion (NYSE: TRU) announced it completed a FedRAMP Ready assessment for TruValidate solutions for government, which help public agencies interact with American public users to help protect against fraud. The Federal Risk and Authorization Management Program (FedRAMP) is a government-wide program that provides “a standardized… Read More

March 27, 2025 @ 6:29 am By Omar Faridi  |  

Stripe, the financial infrastructure platform for businesses, announced that CLEAR—an identity verification platform trusted by over 30 million customers—is moving its payments and billing to Stripe. CLEAR is known for its flagship membership, CLEAR Plus, which uses biometrics to “speed up identity verification at airports.”… Read More

March 27, 2025 @ 6:28 am By Omar Faridi  |  

Block (NYSE: XYZ), the fintech co-founded by Jack Dorsey, announced a significant workforce reduction, laying off 931 employees—approximately 8% of its total staff. Known for its subsidiaries Square, Cash App, and TIDAL, Block framed the layoffs as a strategic move to enhance organizational efficiency rather than… Read More

March 27, 2025 @ 6:27 am By Omar Faridi  |  

Akur8, the artificial intelligence (AI)-based pricing solution dedicated to insurers, announces today that the Covéa Group, an insurance provider in France, has chosen its platform to optimize its pricing processes. This collaboration will enable Covéa to accelerate its pricing cycles, enhance the “accuracy of its… Read More

March 27, 2025 @ 6:26 am By Omar Faridi  |  

The rise of cryptocurrency has not only disrupted traditional finance but also presented new avenues for illicit activity. However, as detailed in Chainalysis’ report, the transparency of blockchain technology has both advantages and certain drawbacks. Chainalysis explained in the update that while criminals move billions… Read More

March 27, 2025 @ 6:25 am By Omar Faridi  |  

Fenergo, the provider of AI-powered solutions for Know Your Customer (KYC), Anti-Money Laundering (AML) and Client Lifecycle Management (CLM), announced that it has partnered with Aduro Advisors, LLC, a  US-based fund administrator serving venture capital and private equity firms. This collaboration reinforces Aduro’s commitment to… Read More

March 26, 2025 @ 4:09 pm By Omar Faridi  |  

Nubank Crypto, part of Nubank (NYSE: NU), announced that clients will have access to new coins. The tokens Cardano (ADA), NEAR Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO) will “complement Nubank’s crypto investment portfolio, which already includes 16 other options such as Bitcoin, Ether,… Read More

March 26, 2025 @ 4:04 pm By Omar Faridi  |  

Trulioo, an identity platform with proven global coverage for person and business verification, announced across-the-board advances in its Identity Document Verification from innovation around AI and machine learning models. Trulioo has found advanced fraud techniques – such as ID alterations and deepfakes – account for… Read More

March 26, 2025 @ 3:59 pm By Omar Faridi  |  

Further expanding their partnership, CME Group and Google Cloud announced that they are piloting solutions for wholesale payments and tokenization of assets. CME Group has reportedly completed the first phase of integration and testing of Google Cloud Universal Ledger (GCUL), a distributed ledger from Google… Read More

March 26, 2025 @ 3:58 pm By Omar Faridi  |  

The World Economic Forum’s Global Retail Investor Outlook 2024 released confirms a sustained shift towards younger retail investors. Spanning 13 economies, the research finds that 30% of Gen Z start investing in early adulthood – “compared to 9% of Gen X and 6% of Baby… Read More

March 26, 2025 @ 3:57 pm By Omar Faridi  |  

Kin Interinsurance Network, one of the reciprocal exchanges managed by Kin, the direct-to-consumer, digital home insurance provider, announced the successful closure of a $300 million catastrophe bond transaction through Hestia Re Ltd., “marking the reciprocal exchange’s third venture into the insurance-linked securities (ILS) market.” The… Read More

March 26, 2025 @ 11:01 am By Omar Faridi  |  

The growing popularity and widespread adoption of cryptocurrencies and digital payment systems, along with CBDCs, has led to a global conversation about the future of money. Canada is also looking into these transformative trends. Central banks worldwide, including the Bank of Canada (BoC), are exploring… Read More

March 26, 2025 @ 9:32 am By Omar Faridi  |  

With almost one year elapsed since Bitcoin’s 4th halving, miners have endured a period of stabilization, adapting to “reduced block rewards, tighter margins, and shifting operational dynamics.” This, according to a research report that focuses on Bitcoin’s evolving narrative from peer to peer cash, as… Read More

March 26, 2025 @ 9:32 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, has passed $1 billion of In Force Premium (IFP). According to the announcement from Lemonade, this marks a significant milestone for the Insurtech company, coming just 8.5 years after selling its first… Read More