August 19, 2024 @ 7:14 am By Omar Faridi  |  

Digital assets firm Gemini has shared a detailed analyst note, addressing the following: When Will The Pain Subside? Examining Signals After the Crypto Sell-Off? In Gemini’s previous analyst note, “Where Are We in The Crypto Cycle?” the crypto firm looked at how macro indicators could… Read More

August 19, 2024 @ 7:12 am By Omar Faridi  |  

FIS (NYSE: FIS), a global firm focused on financial technology, announced that it is unlocking the Neural Payments solution to its clients, expanding the availability of peer-to-peer (P2P) payments by leveraging the company’s global scale and NYCE debit rails to bring this capability to a… Read More

August 19, 2024 @ 4:25 am By Omar Faridi  |  

Auto insurance purchasing volume set a new record for the second consecutive quarter, according to new research from TransUnion (NYSE: TRU). The number of U.S. consumers shopping for auto insurance “was up 7%, compared to Q2 2023 (YoY).” This trend has been driven in recent… Read More

August 18, 2024 @ 11:53 pm By Omar Faridi  |  

According to the Bank of Ireland fraud data for the first half of 2024, the volume of investment fraud attempts has surged by 76% compared to the same period in 2023. Investment fraud happens when fraudsters, “posing as legitimate firms, offer consumers investment opportunities on… Read More

August 18, 2024 @ 9:54 pm By Omar Faridi  |  

ClearBank has shared embedded banking ROI insights from the Forrester Report. ClearBank has, from its inception, been focused on “providing the infrastructure that enables firms to innovate, differentiate and grow.” A core element of that vision is the Embedded Banking proposition “that offers firms the… Read More

August 18, 2024 @ 5:00 pm By Omar Faridi  |  

Moody’s and Elliptic, key players in global compliance and third-party risk management and digital asset risk management respectively, have announced a strategic alliance to revolutionize virtual asset service provider (VASP) screening through the seamless integration of on-chain blockchain data with traditional off-chain data sources. In… Read More

August 18, 2024 @ 4:56 pm By Omar Faridi  |  

NYMBUS, a provider of Fintech solutions, has secured a strategic investment from Gesa Credit Union, a $5.5B+ Washington-based financial institution serving nearly 290,000 members across the Pacific Northwest. This investment will fuel Nymbus’ ongoing mission “to help credit unions create sustainable growth in an increasingly… Read More

August 18, 2024 @ 4:49 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in MyShell through Labs Incubation Season 6. MyShell is a decentralized AI ecosystem converging “an AI model layer that allows everyone to build, share, and own AI Apps.” MyShell was launched in April… Read More

August 18, 2024 @ 4:48 pm By Omar Faridi  |  

SigFig, a digital wealth management solutions and technology provider for financial institutions and their advisors, announced new capabilities, including AI-powered functions, to its financial advisor collaboration platform, Engage. Powering collaborative digital experiences for “the most essential aspects of financial advisor and client relationships, Engage is… Read More

August 17, 2024 @ 3:08 pm By Omar Faridi  |  

Zip (ASX: ZIP), a digital financial services company offering innovative, people-centered products, announced its integration as a payment method for U.S. merchants using Stripe. With the new integration, eligible merchants can easily enable Zip as “a payment method with a single click, which can help… Read More

August 17, 2024 @ 3:06 pm By Omar Faridi  |  

PayQuicker, an enabler of global payouts orchestration, announced a collaboration with Thunes, a global money movement innovator, to expand its e-Wallet payout capabilities worldwide. The collaboration aims to address the increasing demand “for more diverse, and flexible payout methods, especially in emerging markets where e-Wallets… Read More

August 17, 2024 @ 3:04 pm By Omar Faridi  |  

Communify, a Just Build It (JBI) company led by the former founders of InvestCloud, in partnership with Stellex Capital Management, will be combined with Fincentric (formerly known as Markit On Demand), a provider of digital experiences, curating financial data distribution and other solutions, which was… Read More

August 17, 2024 @ 11:22 am By Omar Faridi  |  

Amount, a digital origination and decisioning SaaS platform powering consumer and small business deposit account opening and loan origination, announced the successful close of a $30 million equity capital raise. The company will use the funds to further “invest in its world-class technology and accelerate… Read More

August 17, 2024 @ 11:17 am By Omar Faridi  |  

MIMOS Berhad, the applied research and development arm of the Malaysian Government, has signed an MoU with the Worldcoin Foundation, Tools for Humanity (TFH) and MyEG, an e-government services provider, to integrate Worldcoin technology into the country’s digital infrastructure. The intent of the MoU is… Read More

August 17, 2024 @ 11:16 am By Omar Faridi  |  

Sling Money, an app designed to make the global transfer of money instant, easy and low-cost, today announced a $15 million Series A round led by Union Square Ventures, Ribbit Capital, and Slow Ventures. Sling Money previously raised a $5 million seed round “led by… Read More

August 17, 2024 @ 10:40 am By Omar Faridi  |  

Copper.co, a firm focused on digital asset custody, collateral management, and prime services, is pleased to announce a partnership with Hedera, a decentralized, proof-of-stake public ledger that enables fast, low-cost, and secure transactions for real-world and digital assets. The partnership will broaden access to HBAR,… Read More

August 17, 2024 @ 10:39 am By Omar Faridi  |  

PayPal (NASDAQ: PYPL) and UKG have launched a payroll integration to enable access to payroll funds. U.S. employees whose pay is processed through UKG Pro can “now sign up for a PayPal Balance account and set up PayPal Direct Deposit1 through their employer’s payroll portal,… Read More

August 17, 2024 @ 10:24 am By Omar Faridi  |  

As we cross the halfway of 2024, TWINO online investment platform has provided an update on performance from NetCredit Poland. As shared in a blog post by TWINO, here are the key preliminary financial results: As of now, TWINO notes that there are “over 115,000… Read More

August 17, 2024 @ 3:00 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced that insurance industry veteran Stephen Moss has been appointed to its Board of Directors. Moss brings three decades of industry experience and “is currently Group Head of Financial Lines and Cyber at… Read More

August 16, 2024 @ 9:15 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB) announced unaudited financial results for the second quarter ended June 30, 2024. Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab said: “We continued to harness the strength of the Grab ecosystem, and improved the usage frequency and reliability… Read More