August 12, 2021 @ 2:44 pm By Tony Zerucha  |  

Data-driven fintech firm Klover today announced the close of $60 million in new funding. Mercato Partners Traverse Fund led the Series A with participation from new and existing investors including Lightbank, Core Innovation Capital and Starting Line. With this financing, Klover will expand the sales,… Read More

August 12, 2021 @ 12:54 pm By Tony Zerucha  |  

ClearSight’s new blockchain-based platform aims to provide improved service for the freelance sector. Blockchain and smart contracts form the basis of the interactive platform. The new rollout is designed to help employers identify and hire freelance professionals who fit available job requirements. The ClearSight ecosystem… Read More

August 11, 2021 @ 7:29 pm By Tony Zerucha  |  

While some form of open banking is on its way to North America, not everyone is familiar with the term, results of a new survey from API management services provider Axway suggest. Open banking is the use of APIs to unlock financial data, enabling third-party… Read More

August 11, 2021 @ 7:19 pm By Tony Zerucha  |  

A new Omdia whitepaper commissioned by fintech solutions provider CR2 discusses the rise of digital wallets and their influence on the unbanked and underbanked and offers recommendations on how incumbent banks can embrace digital wallets to engage with new and existing customers. It cites key… Read More

August 11, 2021 @ 5:51 pm By Tony Zerucha  |  

BUSTA this week announced the launch of its GameFi platform on the Binance Smart Chain. BUSTA will be home to multiple games and tokens with various ways to earn.  Players can stake and hold $BUST while earning rewards as people play and trade. The BUSTA… Read More

August 11, 2021 @ 2:29 pm By Tony Zerucha  |  

Cryptocurrencies and other emerging financial technologies raise concerns with sanctions and compliance professionals, the results of a new survey by the International Compliance Association suggest. Almost half (46 percent) of respondents believe greater training and education is needed around crypto/digital currencies and emerging financial technologies… Read More

August 11, 2021 @ 2:16 pm By Tony Zerucha  |  

Decentralized finance technology services provider AllianceBlock has announced eight new C-level hires. The company’s new Zug-based office plans to create 20 to 30 new jobs by the end of 2021. AllianceBlock’s open-source technology provides regulated financial entities around the globe with the infrastructure and tools… Read More

August 10, 2021 @ 10:17 pm By Tony Zerucha  |  

Aventus Network,  a Layer-2 blockchain protocol that brings scalability, speed, and lower costs to Ethereum transactions – today announced a partnership with gamer social network fruitlab to enable creators and community members to earn revenue and compete for value. With more than 625,000 registered players… Read More

August 10, 2021 @ 10:13 pm By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) this week announced an emergency action charging nine people, including a public company chairman, for their participation in long-running fraudulent schemes that collectively generated hundreds of millions of dollars from unlawful stock sales and caused significant harm to retail… Read More

August 10, 2021 @ 9:51 pm By Tony Zerucha  |  

Traditional financial managers for the mass affluent better keep up with the times or they’ll risk losing those commissions, research from GlobalData suggests. Digital finance has developed a range of solutions for people from all wealth categories, including those at the top. Those services offer… Read More

August 10, 2021 @ 9:44 pm By Tony Zerucha  |  

Cloud-based bill payment technology firm Paymentus has signed a definitive agreement to acquire Payveris, itself a cloud-based bill payment software provider. The price is $152.2 million, with approximately 56 percent in cash and 44 percent in Paymentus Class A common stock. The combination is expected… Read More

August 10, 2021 @ 9:41 pm By Tony Zerucha  |  

Graph Blockchain has entered into a binding letter of intent to acquire Optimum Coin Analyzer, an AI-based crypto coin analytics tool company. Graph will acquire 100 per cent of all issued and outstanding shares of Optimum Coin Analyzer for $5 million in Canadian funds Optimum… Read More

August 10, 2021 @ 9:38 pm By Tony Zerucha  |  

A glitch in the European Central Bank’s payment system left several Eurozone commercial and central banks far off target Monday afternoon. It is the latest in a long run of issues plaguing the program. The Target system, which is supposed to connect commercial and central… Read More

August 10, 2021 @ 4:47 pm By Tony Zerucha  |  

Small business loan approval rates grew slightly between June and July, leaving them at the same percentage as they were this time in 2020, data from Biz2Credit’s Small Business Lending Index shows. Small bank approval rates also improved from 18.9 percent to 19.1 percent over… Read More

August 10, 2021 @ 12:06 pm By Tony Zerucha  |  

Fintech software company Sagent, which modernizes mortgage and consumer loan servicing for American financial institutions, today announced two major strategic deals with digital lending and payments firm Figure. Sagent will power Figure’s mortgage servicing services, and the firms will partner to accelerate Figure’s blockchain vision…. Read More

August 10, 2021 @ 8:35 am By Tony Zerucha  |  

Cybersecurity firm Arkose Labs today unveiled its $1 million Credential Stuffing Warranty. It offers a commercial guarantee against credential stuffing attacks, covering customers up to $1 million in response expenses. The costs covered include legal consultation, forensic services, notification expenses, identity theft, and credit monitoring…. Read More

August 9, 2021 @ 10:00 pm By Tony Zerucha  |  

Seven of the top 15 Canadian industrial sectors saw declines in investment between 2015 and 2019, research from Canadian think tank the Fraser Institute shows. More industries saw declines in capital investment at one time than during any period since 1990. “In a troubling trend,… Read More

August 9, 2021 @ 9:55 pm By Tony Zerucha  |  

EQIFI, a decentralized protocol for pooled lending, borrowing, and investing Ethereum-based cryptocurrencies, stablecoins, and select fiat currencies, has launched its DeFi platform, which includes fixed- and variable-rate lending products, as well as the advanced yield aggregator and interest rate swaps. “We are incredibly excited to… Read More

August 8, 2021 @ 8:36 am By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) has announced charges against Trevor R. Milton, the founder, former CEO and former executive chairman of Nikola Corporation, for repeatedly disseminating false and misleading information about Nikola’s products and technological accomplishments. Milton made the statements mostly through social media…. Read More

August 6, 2021 @ 5:32 pm By Tony Zerucha  |  

Phantom, a multi-chain crypto wallet and browser extension for managing digital assets and accessing Web3 dApps, now offers staking for Solana’s native token, SOL. SOL holders can stake with all available Solana validators directly through the Phantom wallet interface. On Solana’s proof-of-stake network, validators are… Read More