August 27, 2024 @ 10:12 pm By Omar Faridi  |  

Sumsub’s full-cycle verification platform has obtained certification against the UK DIATF. The Digital Identity and Attributes Trust Framework (DIATF) is a set of standards and rules designed to establish trust in digital identity products in the UK. This framework aims to create “a trusted environment… Read More

August 27, 2024 @ 10:11 pm By Omar Faridi  |  

The PhonePe Group reported revenue of INR 5064 Cr for FY23-24 (fiscal year ending March 31, 2024) which represents 74% top-line growth from FY22-23 revenue of INR 2914 Cr. The Group also reported “an Adjusted Profit After Tax (i.e., PAT excluding ESOP costs) of INR… Read More

August 27, 2024 @ 10:10 pm By Omar Faridi  |  

SIX and Diebold Nixdorf are entering into a cooperation to secure the long-term cash supply in Switzerland through innovative approaches. The digitalization of payments is progressing rapidly, and cash and cash supply “are adapting to market changes.” In Switzerland, cash continues to be highly valued… Read More

August 27, 2024 @ 10:09 pm By Omar Faridi  |  

A total of 7,966 deals (mergers & acquisitions (M&A), private equity and venture financing deals) were announced in the Asia-Pacific (APAC) region during January-July 2024, which was a decline of 9.9% compared to the 8,840 deals announced during the same period in previous year, according… Read More

August 27, 2024 @ 7:13 pm By Omar Faridi  |  

Accenture (NYSE: ACN) announced an expansion of its strategic collaboration with Amazon Web Services (AWS) to create Accenture Responsible Artificial Intelligence (AI) Platform powered by AWS to help organizations adopt and scale AI rapidly with trust and confidence throughout their enterprise. The rapid rise of… Read More

August 27, 2024 @ 4:07 pm By Omar Faridi  |  

KOHO claims that it has always built products that help Canadians make financial progress. Now, with the launch of Rent Reporting, KOHO is “making healthy credit more accessible to all.” New and existing KOHO members “who pay rent through KOHO will have rent payments reported… Read More

August 27, 2024 @ 2:40 pm By Omar Faridi  |  

LendingClub Bank, America’s digital marketplace bank and a subsidiary of LendingClub Corporation (NYSE: LC), announced the launch of LevelUp Savings, a high-yield savings account that rewards members with competitive rates for making ongoing monthly deposit contributions. Scott Sanborn, LendingClub CEO said: “We’re excited to offer… Read More

August 27, 2024 @ 2:39 pm By Omar Faridi  |  

Immunefi, the blockchain cybersecurity platform protecting over $190 billion in assets, has just released its Hacks & Token Prices Report, which is said to be the most comprehensive overview of the impact of hacks on the prices of protocols’ native tokens. This research report from… Read More

August 27, 2024 @ 12:15 pm By Omar Faridi  |  

Hex Trust, a provider of digital asset solutions for institutional finance and the Web3 ecosystem, has announced the launch of its inaugural Staking Partner Program. This initiative will feature four infrastructure partners: Chorus One, Kiln, Luganodes and Twinstake. Hex Trust clients will be “able to… Read More

August 27, 2024 @ 8:35 am By Omar Faridi  |  

Revolut has reportedly signed a global Visa Direct agreement for cross-border business transfers. Revolut has joined forces with Visa in order provide business clients with instant card transfers for cross-border transactions. Digital bank Revolut officially announced that it entered an agreement with Visa Direct agreement… Read More

August 27, 2024 @ 8:32 am By Omar Faridi  |  

Bitpanda‘s latest partner, CoinMENA, is a crypto broker in the Middle East. Through their partnership with Bitpanda Technology Solutions (BTS), CoinMENA will enhance trading efficiency on their platform and “expand the range of crypto assets available to its users.” When fully implemented, CoinMENA will have… Read More

August 27, 2024 @ 8:31 am By Omar Faridi  |  

Digital assets firm OKX has released their 22nd consecutive Proof of Reserves (PoR) report, which confirms USD19.8 billion in primary assets backing customer funds. To date, more than 1.8 million customers have reportedly “viewed and used their PoR tool to confirm their assets are backed… Read More

August 27, 2024 @ 8:30 am By Omar Faridi  |  

Binance says it will be listing Eurite (EURI) and introduce EURI zero trading fee promotions as well. Binance reminds users to do their own research before making any trades for the aforementioned token outside Binance in order “to avoid any scams and ensure safety of… Read More

August 26, 2024 @ 10:29 pm By Omar Faridi  |  

Banking Circle, a fully licensed next-generation bank with central bank access, has entered a strategic partnership with Skydo, India’s cross-border payments platform for Micro, Small, and medium-sized Enterprises (MSMEs) and freelancers. The collaboration aims to support Indian businesses “operating globally by providing them with seamless, efficient and cost-effective… Read More

August 26, 2024 @ 10:28 pm By Omar Faridi  |  

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has released the Consultation Paper No. 7 of 2024 containing proposals to enhance its regulatory framework to “allow the issuance of Fiat-Referenced Tokens (FRTs) from the ADGM and invites public feedback and comments on the… Read More

August 26, 2024 @ 10:27 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) has shared insights addressing the following question: Why the presidential election could be decided by young crypto voters? As noted in a blog post by Coinbase, young voters made “the difference in the 2020 U.S. elections and are expected to be a deciding… Read More

August 26, 2024 @ 10:26 pm By Omar Faridi  |  

State Street Global Advisors, Inc, the asset management business of State Street Corporation (NYSE: STT), announced a strategic investment in Raiz Invest Limited (ASX: RZI), an Australian Fintech platform that helps customers grow their wealth by helping them to save and invest. The parties have… Read More

August 26, 2024 @ 10:24 pm By Omar Faridi  |  

Backbase, the global enabler of engagement banking, has successfully delivered a new digital banking platform for MyState Bank to support future growth. The platform represents a significant leap forward in “delivering seamless, customer-centric digital experiences to MyState customers.” MyState has partnered with Backbase “to modernise its… Read More

August 26, 2024 @ 7:22 pm By Omar Faridi  |  

Kaspersky‘s security experts have found seven vulnerabilities in the widely used open-source projects Suricata and FreeRDP. Two of these vulnerabilities, CVE-2024-32664 and CVE-2024-32039, could “potentially allow attackers to execute arbitrary code on a vulnerable system, while others could enable unauthorized memory access.” These vulnerabilities were… Read More

August 26, 2024 @ 7:10 pm By Omar Faridi  |  

Nubank (NYSE: NU) has finalized negotiations for seven new agreements to expand the offering of NuConsignado, its 100% digital payroll loan service. The new contracts include the three branches of “the Brazilian Armed Forces—the Brazilian Air Force, Navy, and Army—as well as the municipalities of… Read More