Omar Faridi

China VC Funding Down by 22.5% YoY to $32.3B During Jan-Nov 2024 – Report

A total of 2,313 venture capital (VC) funding deals were announced in China during Jan-Nov 2024, while the total disclosed funding value of these deals stood at $32.3 billion, a new report has revealed. This represents a year-on-year (YoY) decline of 23.1% in VC deal… Read More

European Digital Banking Platform CaixaBank Marks 15 Years of Operations in Turkey

CaixaBank is marking the 15th year of operations of its representative office in Turkey. CaixaBank noted in the announcement that the bank opened the office in 2009 as part of its “international growth strategy” through its international banking network, which has branches and representative offices… Read More

US Investors Becoming Comfortable with Digital Assets as Legitimate Investment Class – Report

CryptoLiteracy.org, an industry initiative enabling consumer education about cryptocurrencies supported by Coinme, announced its 2024 State of Crypto Literacy Survey results. The survey underscores the “crucial” role of knowledge in empowering responsible participation in the digital economy. It found that 98.6% of respondents who self-reported… Read More

Crypto Regulatory Frameworks, Tech Advancements Enabled Privacy and Compliance – Shyft Network Analysis

Shyft Network shared that in 2024, the anticipated collision between regulation and innovation gave way to an “unprecedented” collaboration. This year marked a turning point, Shyft network noted while adding that this is the point where regulatory frameworks and technological advancements joined forces to prioritize… Read More

Digital Assets Platform Bitget Unveils $5 Billion in BGB Token Burn in New Whitepaper

Bitget, the cryptocurrency exchange, and Web3 company, has released a new whitepaper for its native token, Bitget Token (BGB). The update introduces an initiative to burn 800 million BGB tokens—valued at over $5 billion based on current market prices—alongside plans to “expand the token’s utility.”… Read More

Plaid Explains Why Building Internal Key Management System Was Fundamental to Security Strategy

Staying secure means staying ahead of what’s coming, according to Fintech Plaid. At Plaid, they reportedly run hundreds of services across tens of thousands of pods on dozens of Kubernetes clusters hosted in AWS. Shuaiwei Cui and Anirudh (Ani) Veeraragavan noted that their teams ship… Read More

Bank of Ireland Savings and Investment Index Continues to Recover, with Q4 2024 Results Back to Pre-COVID Levels

The Bank of Ireland Savings and Investment Index continues to recover, with Q4 2024 results back to pre-pandemic levels, driven by more consumers feeling it is a good time to save, and an improvement in attitudes to investing. The Index also showed some significant changes… Read More

BillMart Fintech and Eqaro Guarantees to Provide Guarantee Solutions in India

BillMart Fintech and Eqaro Guarantees have teamed up to provide  offer guarantee solutions intended to build more trust between lenders and businesses in the Indian trade finance sector. With this latest collab, Eqaro’s guarantee products will now be integrated into BillMart’s Fintech platform, the firms… Read More

Decentralized Stablecoin Infrastructure Layer M^0 Announces Integration with Usual

M^0, the “decentralized” stablecoin infrastructure layer, announces a strategic integration with Usual, a “decentralized” fiat-backed stablecoin issuer. Usual is leveraging M^0’s infrastructure to create UsualM, a vehicle that will facilitate the use of M^0 as an “alternative collateral structure for Usual products.” This partnership marks… Read More

Saudi Central Bank SAMA Licenses Majd Saudi Payments to Provide Digital Wallet Solutions

The Saudi Central Bank (SAMA) licensed “Majd Saudi Payments” to provide E-wallet solutions. With Majd Saudi Payments, there are now “26 licensed companies offering payment services” in Saudi Arabia. This decision reflects SAMA’s goal to support the payments sector, increase the efficiency of financial transactions,… Read More

UK’s Allica Bank Tops £3B in Lending, £4B in Deposits, Will Continue to Serve Established SMEs

Allica Bank has reportedly surpassed £3 billion in lending and £4 billion in deposits as the UK’s established SMEs flock to the challenger that promises to deliver ‘business banking how it used to be, just better’. Allica, which is the UK’s full-service bank focused on… Read More

US Venture Capital Funding Reaches $125B During Jan-Nov 2024 – Report

The US-based startup ecosystem witnessed announcements of a total of 4,463 venture capital (VC) deals during the period from Jan to Nov 2024 with a disclosed funding value of $125 billion, marking a considerable YoY improvement in total funding value despite a “decline in the… Read More

L1 Blockchain Quai Network Announces Integration with Akash Network

Quai Network, a Layer 1 blockchain built for scalability and decentralized innovation, announces its integration with Akash Network, a key player focused on decentralized cloud computing. This integration combines Quai’s multi-shard blockchain tech with Akash’s decentralized computing infrastructure to enhance blockchain performance, promote “transaction efficiency,… Read More

Digital Banking Platform PDX Global Tests Crypto to Cash Payments Solution PDX Beam

PDX Global, a digital banking and payments developer for the crypto economy, announced a successful round of tests of PDX Beam, the end-to-end payment transaction process and seamless crypto-to-cash payments platform for merchants and consumers. PDX has reportedly launched a live public beta test program… Read More

HeavyFinance Secures Substantial Investments in 2024, Expands Impact Across Europe and Ukraine

2024 has reportedly been a solid year for HeavyFinance, marked by significant milestones, partnerships, and a focus on sustainable agriculture. From securing investments and launching various initiatives to expanding their impact across Europe and Ukraine, the company reports it has made strides in driving the… Read More

Fintech Trumid and MultiLynq Announce Integration of Fixed Income Trading Protocols

Trumid, a financial technology company and leading fixed income electronic trading platform, announced the integration of its fixed income trading protocols into MultiLynq, a provider of electronic fixed income trading connectivity and integration solutions. Through this relationship, clients can now access Trumid’s RFQ and Attributed… Read More

Mobile Gaming Fintech Aghanim Introduces Instant Payouts for Developers

Aghanim, a mobile gaming fintech company, announced a new feature for mobile game developers: Instant Payouts. Founded by Harvard Business School alums with more than 40 years of combined expertise in video games and fintech, Aghanim’s platform ensures developers are now paid instantly, a “stark… Read More

Southeast Asia Experiences Decline in Investments But Fintech and Blockchain Ecosystem Remains Strong – Report

Southeast Asia faced a challenging year in 2024, marked by a “significant contraction” in funding, amid a weak global economy, a new report revealed. According to Tracxn‘s report, prepared by industry analysts, the region’s tech ecosystem experienced a sharp decline in financial inflows and major… Read More

Malware and Phishing Attacks Disguised as Zoom Meeting Links Analyzed by Crypto-focused Firm SlowMist

Recently, several users on X reported a phishing attack disguised as Zoom meeting links, according to an update from SlowMist. In one case, SlowMist pointed out that a victim installed malicious software after clicking on a fake Zoom meeting link, reportedly resulting in the “theft… Read More

Alpaca Shares Key 2024 Milestones, Becomes Self-Clearing Broker-Dealer and Launches Options Trading

Alpaca says it had a landmark year in 2024 as they became a fully self-clearing broker-dealer and launched new features like options trading. Working with financial institutions, Alpaca said they learned the importance of fully integrating brokerage operations stack (such as execution, clearing, and custody… Read More

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