April 10, 2024 @ 9:25 am By JD Alois  |  

While the number of users benefiting from Open Banking continues to increase worldwide, there is a divergence between the concept of Open Banking and Open Finance – at least according to Salt Edge. Salt Edge is an open banking platform that provides services interested in… Read More

April 10, 2024 @ 8:44 am By JD Alois  |  

Yesterday, Deputy Secretary of the Treasury Wally Adeyemo testified before the Senate Banking Committee. In prepared testimony, Adeyemo called out digital assets—or crypto—and stated that bad actors are using these assets for nefarious activities. Adeymo said: “As we take steps to cut terrorist groups and… Read More

April 9, 2024 @ 2:20 pm By JD Alois  |  

Luxembourg-based Tokeny is expanding into Australia through a partnership with the SILC Group to tokenize real-world assets (RWA). The SLC Group is an alternative asset solutions provider that reports over $2 billion in assets under supervision. Tokeny will provide the tech stack to “upgrade alternative… Read More

April 9, 2024 @ 2:11 pm By JD Alois  |  

New York-based Adro, a Fintech in the neobanking sector targeting international students etc., is reporting at $1.5 million pre-Seed funding round. According to a statement from the company, the funding round led by Era, with participation from Ex Nihilo Ventures and the Cornell Tech Syndicate…. Read More

April 9, 2024 @ 11:37 am By JD Alois  |  

There has been a decades-long trend of smaller banks getting hoovered up by larger banks in the US. Unlike some other countries, the US has thousands of banks—most of them small. But this has been changing as scale counts, and the need to invest and… Read More

April 9, 2024 @ 9:00 am By JD Alois  |  

Battery tech firm Carrar has raised $5.3 million in a Series A funding round. Online investment platform OurCrowd has participated in the funding round. Other investors include Salida, NextGear Ventures along with existing investors, Next Leap Ventures, Drive Digital, Gentherm and more. OurCrowd is a… Read More

April 9, 2024 @ 6:22 am By JD Alois  |  

Advocacy group CryptoUK has added a new member – Mercuryo, a payments provider. Mercury enables payments by supporting businesses with both fiat and crypto solutions via a single API integration. Mercuryo has partnered with digital asset firms like Ledger, MetaMask and Trust Wallet. CryptoUK says Mercuryo… Read More

April 8, 2024 @ 7:45 pm By JD Alois  |  

A young real estate tokenization platform is raising money on Republic. According to the offering page, Reental is seeking $1.24 million in a Reg CF offering. The security is a “Crowd SAFE” with a 20% discount to a future event. The valuation cap has been… Read More

April 8, 2024 @ 7:07 pm By JD Alois  |  

Finzly, a Fintech that aims to provide banking services for both regulated banks, neobanks, Fintechs, etc., has announced the launch of an embedded banking service. Finzly completed a funding round in late 2023, raising $10.05 million in a Reg D offering. In a public release,… Read More

April 8, 2024 @ 11:09 am By JD Alois  |  

Linedata (Euronext Paris: LIN), a France-based Fintech, has acquired DreamQuark – an artificial intelligence (AI) firm that provides services to financial firms like banks and wealth managers. The terms of the acquisition were not revealed. Nicolas Meric, CEO of DreamQuark, said they are thrilled to… Read More

April 8, 2024 @ 10:27 am By JD Alois  |  

Bluevine, a neobank targeting the SME/Small business sector, is touting its business checking plans that actually generate interest for account balances. Bluevine’s APYs range from 2% to 4.25% – depending on the balance. Also, Bluevine offers FDIC insurance up to $3 million. Broken out by… Read More

April 8, 2024 @ 9:53 am By JD Alois  |  

The Luxembourg Stock Exchange (LuxSE) has been recognized as Exchange of the Year pertaining to sustainable development. LuxSE  notes that this makes the exchange a 7-time winner of Environmental Finance’s debt-related ‘Exchange of the Year’ title since 2017. Julie Becker, CEO of LuxSE, commented on… Read More

April 5, 2024 @ 3:09 pm By JD Alois  |  

StartEngine has listed a new securities offering for Fanatics, a company that works with top sports properties by selling apparel, etc., by licensing the brands. Fanatics also has entered the sports betting sector having acquired PointsBet sportsbook. StartEngine notes that Fanatics has already raised $8.9… Read More

April 5, 2024 @ 9:35 am By JD Alois  |  

ZA Bank, one of the first regulated digital banks in Hong Kong, is now supporting stablecoins. Stablecoins are digital assets tied to another asset. Typically, this means fiat currency like the US dollar or Euro, but they can also be tied to other assets like… Read More

April 4, 2024 @ 11:17 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) says the increase in financial transactions in the gaming world is putting users’ information at risk. The agency claims that gaming platforms are not benefitting from the protections of federal law. The CFPB states that it has received consumer… Read More

April 4, 2024 @ 10:28 am By JD Alois  |  

A new report states that digital asset trading hit an all-time high in March. According to information provided CCData, Spot and derivatives trading volume on centralised exchanges rose 92.9% to a new all-time high. The report shares that trading topped $9.12 trillion in March. The… Read More

April 4, 2024 @ 10:17 am By JD Alois  |  

Zilch has announced a partnership with Checkout.com. The “multi-year contract” is expected to boost Zilch’s growth and “accelerate towards their endgame of capturing total share of consumer wallet.” Checkout.com supports 45 currencies and coverage in over 45 markets.  Checkout.com is said to offer fast and… Read More

April 4, 2024 @ 9:48 am By JD Alois  |  

Ethereum Layer 2 blockchain LightLink has closed on a $6.2 million seed round, according to a note from the company. The funding came from MH Ventures and NxGen as well as several “high-profile individual crypto investors.” LightLink aims to provide dApps and enterprise users with… Read More

April 3, 2024 @ 6:18 pm By JD Alois  |  

The House Financial Services Committee has scheduled a hearing on the Securities and Exchange Commission’s (SEC) recent rule change that requires public firms to disclose climate impact. The new ESG-type rules have been controversial at best, with some lambasting the Commission as becoming the Securities… Read More

April 3, 2024 @ 5:00 pm By JD Alois  |  

While everyone understands that securities will inevitably become digital, policymakers have been slow to provide an ecosystem to support the nuances intrinsic to the transition from analog. Eventually, digital securities will become the dominant sector of digital assets, and clear-cut rules are needed. Today, the… Read More