October 17, 2024 @ 8:21 am By Omar Faridi  |  

CSD Prague reportedly received its first European DLT register approval. The Central Securities Depository (CSD) claims that is focused on leading innovation in the European capital market with the introduction of DLT (Distributed Ledger Technology). This technology has the potential to significantly enhance the financial… Read More

October 17, 2024 @ 8:20 am By Omar Faridi  |  

SDX and RULEMATCH deliver a complete, end-to-end, institutional-grade solution for banks and financial institutions. This Swiss-made partnership signals the coming to age of the crypto market, centered around efficiency, security, and compliance. Institutions will be able to trade on RULEMATCH’s platform with post-trade clearing and… Read More

October 17, 2024 @ 8:18 am By Omar Faridi  |  

Fintech Storfund has deepened its partnership with Mangopay, a modular and flexible payment infrastructure provider for platforms. Building on the two companies’ established partnership, Storfund will now leverage Mangopay’s embedded wallet, local accounts, and FX solutions in order to enhance the support it provides on… Read More

October 16, 2024 @ 9:28 pm By Omar Faridi  |  

Fintech firm Plaid has recently launched its Gateway Partner Program in order to drive open banking compliance. Plaid’s blog post noted that the financial services industry is preparing for the release of the final Section 1033 rule mandating that financial institutions provide consumers with “secure… Read More

October 16, 2024 @ 9:21 pm By Omar Faridi  |  

Blockstream has reportedly finalized a $210 million convertible note financing round which has been led by Fulgur Ventures, marking a key shift in its evolution as the global provider of financial infrastructure technology powered by Bitcoin (BTC), the flagship cryptocurrency. The capital injection will be… Read More

October 16, 2024 @ 5:44 pm By Omar Faridi  |  

Brex, the corporate card and spend management platform for startups and enterprises, and Navan, the solution that makes travel and expense easy,  announced a new joint offering with the launch of BrexPay for Navan. This integrated business travel and payments solution brings together Navan’s travel… Read More

October 16, 2024 @ 5:41 pm By Omar Faridi  |  

MARA (NASDAQ: MARA), a global firm focused on leveraging digital asset compute to support the energy transformation, announced that it has secured a $200 million line of credit, “collateralized” by a portion of its bitcoin holdings. MARA explained in an update that it may potentially… Read More

October 16, 2024 @ 5:24 pm By Omar Faridi  |  

Paxos, the regulated blockchain and tokenization infrastructure platform, introduced its new stablecoin payments platform. Stripe’s Pay with Crypto product is powered by Paxos’ stablecoin payments infrastructure, making it easier for merchants to accept stablecoin payments. As a regulated provider of blockchain infrastructure, Paxos’ stablecoin payments… Read More

October 16, 2024 @ 7:47 am By Omar Faridi  |  

Securitize, the firm focused on tokenizing real-world assets, announced that qualified institutions can now convert their USDC to USD via Securitize’s integration with Zero Hash, a crypto and stablecoin infrastructure platform which facilitates conversion between U.S. dollars and digital assets, to subscribe into BlackRock’s USD… Read More

October 16, 2024 @ 7:30 am By Omar Faridi  |  

Klarna is reporting a growth milestone in its company history: more than 100,000 retail partners were added since the month of August 2023, expanding its total network to 600,000+ merchants. Merchants—large and small—are now reportedly choosing Klarna because the network creates a good customer experience… Read More

October 16, 2024 @ 7:27 am By Omar Faridi  |  

The European Securities and Markets Authority (ESMA) noted that the DLT Pilot Regime has started applying in the European Union (EU) as of 23 March 2023. ESMA explained in an update that it provides the legal framework for trading and settlement of transactions in crypto-assets… Read More

October 16, 2024 @ 7:26 am By Omar Faridi  |  

Former FDIC Chair Sheila Bair, Vice Chairman of Partners Capital and former CENTRE Consortium CEO David Puth, and Ripple Executive Chair Chris Larsen have reportedly joined the RLUSD Advisory Board. Ripple, the provider of digital asset infrastructure for financial institutions, announced its exchange partners and… Read More

October 16, 2024 @ 7:25 am By Omar Faridi  |  

Axyon AI, an Italian AI fintech firm which enhances asset manager performance by delivering alpha opportunities via AI-based rankings and AI model strategies, has reportedly closed a further € 2.1 million in funding. This latest investment round had the participation of the US-based venture capital… Read More

October 16, 2024 @ 7:19 am By Omar Faridi  |  

Zopa Bank has reportedly teamed up with John Lewis Money, the financial services arm of John Lewis Partnership, in order to provide personal loans to its 23 million customers. The partnership will see Zopa embed in the John Lewis Money website its personal loan product,… Read More

October 15, 2024 @ 10:02 pm By Omar Faridi  |  

Sarwa reportedly offers options trading to their customers, becoming one of the “first” fintech platforms in the Middle East to do so. Sarwa and Alpaca’s partnership has grown since 2021, and they are pleased to acknowledge Sarwa’s efforts and progress on achieving this first-to-market milestone…. Read More

October 15, 2024 @ 9:30 pm By Omar Faridi  |  

Crypto.com and BENEFIT, the company that’s focused on FinTech and electronic financial transactions services in Bahrain, have recently announced they will begin discussions on combining their expertise and help expand the digital assets and fintech ecosystem in Bahrain. The companies signed an MOU at the… Read More

October 15, 2024 @ 5:40 pm By Omar Faridi  |  

The European generative AI market is growing steadily, providing considerable opportunities, however, firms need to still overcome key challenges to ensure people feel comfortable with the tech. This, according to an update from Deloitte. Trust, which is considered to be a cornerstone of “widespread” acceptance,… Read More

October 15, 2024 @ 5:31 pm By Omar Faridi  |  

This latest collaboration is reportedly designed to streamline the security token issuance process, thus offering issuers as well as investors with an efficient and secure experience. As noted in a blog post, Regtech company Sumsub is pleased to announce a strategic collaboration with Polymath, which… Read More

October 15, 2024 @ 11:40 am By Omar Faridi  |  

Cedric Iggiotti, VP Product, Screening at ThetaRay noted recently that in an era where financial institutions face growing pressure from regulators, Starling Bank’s enforcement action by the UK’s Financial Conduct Authority (FCA) serves as an important reminder: a robust compliance framework isn’t just a regulatory… Read More

October 15, 2024 @ 9:11 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has fined TSB Bank plc (TSB) £10.9 million over the “treatment” of customers in financial difficulty. The FCA leveled the penalty on the bank for allegedly failing to ensure customers in arrears were “treated fairly.” The FCA further noted that… Read More