September 9, 2024 @ 10:01 pm By Omar Faridi  |  

Sumsub has announced that Local Data Processing (LDP) capabilities are now available in the Asia-Pacific (APAC) region, specifically in Singapore, Hong Kong, Indonesia, and the Philippines. This infrastructure reaffirms Sumsub’s dedication to “ensuring data privacy and regional compliance, following the successful launch in the MEA… Read More

September 9, 2024 @ 9:58 pm By Omar Faridi  |  

In August 2024, the total losses from Web3 security incidents were estimated to be around $316 million. According to the SlowMist Hacked Archives, 28 hacking incidents were recorded, resulting in approximately $253 million in losses, with $13.58 million being recovered. The incidents were caused by… Read More

September 9, 2024 @ 9:56 pm By Omar Faridi  |  

Student workers could add thousands of pounds to their pension if the Government presses ahead with the extension of automatic enrolment to 18-year-olds, according to new research from PensionBee, the online pension provider. More than half of full-time students “work an average of 14.5 hours… Read More

September 9, 2024 @ 9:55 pm By Omar Faridi  |  

Konrad Fitzpatrick, a mining analyst at Compass Mining, notes that hash price is a critical metric that bitcoin miners use to measure their current and potential revenue. Compass Mining explains in a blog post that hash price is the “amount of bitcoin a miner can… Read More

September 9, 2024 @ 9:54 pm By Omar Faridi  |  

PwC announces the launch of Beacon, an innovative international tax platform that promises to bring agility, efficiency and speed to tax calculations. As global tax regulations continue to evolve, Beacon is designed “to help multinational organizations navigate the complexities of the OECD’s Pillar Two framework,… Read More

September 9, 2024 @ 9:52 pm By Omar Faridi  |  

The release of Deloitte Private’s second report in its Family Office Insights Series – Global Edition, Defining the Family Office landscape, outlines the world of family offices—”what they are, how they’re growing, their future outlook, and more.” As family offices continue rapid global expansion, Deloitte… Read More

September 9, 2024 @ 8:22 pm By Omar Faridi  |  

The payment landscape has evolved at an exponential rate over the past decade, with many payment methods rising to become some of the most used solutions across retail, eCommerce, B2B (Business-to-Business), and P2P (Peer-to-Peer) scenarios. This, according to an update from Juniper Research. Juniper Research… Read More

September 9, 2024 @ 7:22 pm By Omar Faridi  |  

The landscape of Layer–1 blockchains has evolved significantly in recent years. Networks like Bitcoin, Ethereum and Solana form the backbone of the cryptocurrency ecosystem, each offering unique approaches to scalability, security, and decentralization. This, according to a report from Coin Metrics. Coin Metrics pointed out… Read More

September 9, 2024 @ 3:06 pm By Omar Faridi  |  

Luge Capital has announced the closing of $96 million for Luge Capital Fund II, the firm’s second Fintech-focused fund. Luge previously announced a $71M first close of the fund, with “backing from CDPQ, Desjardins, BDC Capital, Sun Life, Industrial Alliance Financial Group (iA), Fonds de… Read More

September 9, 2024 @ 10:34 am By Omar Faridi  |  

In Q2 2024, $1.2 billion was reportedly invested across 106 deals in the insurtech vertical, representing a 27.1% QoQ increase in deal value and a 3.9% QoQ increase in deal count. This, according to an extensive update shared by PitchBook. The research team at PitchBook… Read More

September 9, 2024 @ 10:31 am By Omar Faridi  |  

Habyt says it has successfully closed on a €40 million funding vehicle in led by Mars Growth Capital, a joint venture of MUFG and Liquidity Group. According to the company, thmoney will be used for Habyt‘s expansion strategy, primarily through targeted acquisitions. Founded in Berlin in 2017, Habyt is… Read More

September 9, 2024 @ 8:18 am By Omar Faridi  |  

Ripple and Futureverse, an AI and metaverse technology and content company, have announced plans “to integrate Ripple Custody to enable Futureverse to securely custody its digital assets.” Futureverse will enable “secure, compliant Know Your Customer (KYC) verified access to DeFi via its self-developed Ottó blockchain.” Futureverse… Read More

September 9, 2024 @ 8:17 am By Omar Faridi  |  

In just 11 years, bettervest claims that it has financed 129 sustainable projects across 21 countries, cutting an estimated 2 million+ tons of CO2. As a sustainable crowd-investing platform, they aim to “connect impactful energy projects with investors.” Now they want to “grow together.” bettervest… Read More

September 9, 2024 @ 8:11 am By Omar Faridi  |  

Sedric AI, the compliance-dedicated AI platform for financial institutions, announced it has closed a $18.5 million Series A funding round to further its efforts to transform compliance operations across the industry. The latest funding round, led by Foundation Capital with participation “from Amex Ventures, brings… Read More

September 8, 2024 @ 11:11 pm By Omar Faridi  |  

Siemens has again issued a digital bond in accordance with Germany’s Electronic Securities Act (Gesetz über elektronische Wertpapiere, eWpG). Following the successful issuance of its first digital bond last year, the company is thus continuing to play a key role in “the application of the… Read More

September 8, 2024 @ 10:11 pm By Omar Faridi  |  

Estateguru has introduced Smarter Investing, its new investment portal. The investment landscape is constantly evolving, and at Estateguru, they believe in “staying ahead of the curve.” And so, they are unveiling the beta version of their new Investment Portal. As noted in a blog post by… Read More

September 8, 2024 @ 8:48 pm By Omar Faridi  |  

Over half of Gen Z and Millennials are looking to enter the property market in the next five years, according to an update from Australia’s ubank. New research comes as ubank announces a number of interest rate decreases to its home lending products. In line… Read More

September 8, 2024 @ 7:29 pm By Omar Faridi  |  

    Many hardworking employees are finding themselves trapped in the cycle of high-interest loans, forcing them to deplete their savings or retirement funds and compromise their long-term financial security. When customers were asked by Kashable, a provider of “socially responsible” credit and financial wellness… Read More

September 8, 2024 @ 6:06 pm By Omar Faridi  |  

Avaloq has launched a digital asset platform at Zürcher Kantonalbank. Avaloq states that it has successfully integrated its digital asset platform “at one of Switzerland’s leading banks, Zürcher Kantonalbank (ZKB), in partnership with Fireblocks.” The bank’s new offering addresses growing market demand “for trading and… Read More

September 8, 2024 @ 5:38 pm By Omar Faridi  |  

J.P. Morgan Asset Management announced an enhancement to its Morgan Money platform, a short-term investment management solution with over $300 billion in assets under management (AUM), through a collaboration with Kyriba, a global leader in liquidity performance. This integration aims to streamline liquidity management processes,… Read More