September 7, 2024 @ 8:30 am By Tony Zerucha  |  

DriveWealth, a financial technology platform providing Brokerage-as-a-Service, has hired Venu Palaparthi as its chief operating officer. Palaparthi will oversee DriveWealth’s risk and compliance functions, and contribute to the company’s ongoing international expansion. He begins on Sept. 16, reporting to CEO Michael Blaugrund. “We have thoughtfully… Read More

September 7, 2024 @ 6:31 am By Tony Zerucha  |  

Chargeback technology platform Chargebacks911 recently announced the appointment of payments industry entrepreneur Oliver Rajic to the board of directors. In his new role, Rajic will serve as a key advisor to Chargebacks911 and its CEO, Monica Eaton. This includes assisting the company with its expansion… Read More

September 7, 2024 @ 3:59 am By Tony Zerucha  |  

Flutterwave, an African leading payments technology company, has appointed Mitesh Popat as CFO. Popat brings 20 years of global financial services experience across North America, Europe, the Middle East, and Africa, which Flutterwave said will be instrumental in driving its next phase of growth and… Read More

August 25, 2024 @ 6:00 pm By Tony Zerucha  |  

While the Consumer Financial Protection Bureau’s (CFPB) recent interpretive rule on earned wage access (EWA) products has generated plenty of interest, Jason Lee believes history will view it as a small, but inevitable step towards its logical conclusion – zero-fee products. Lee is the founder… Read More

August 21, 2024 @ 10:16 am By Tony Zerucha  |  

Last week, Abrigo, a provider of financial crime prevention and risk management solutions for U.S. financial institutions, today announced survey results revealing how Americans feel about financial fraud, their fears about AI’s impact on fraud, and some enduring misconceptions. The vast majority of Americans (90%) are… Read More

August 20, 2024 @ 10:41 pm By Tony Zerucha  |  

SentBe is preparing to launch its individual small-scale overseas remittance service globally. The move follows the launch of SentBiz KRW Collection for businesses needing Korean Won collection and multi-currency settlements within the Korean market. Targeting those who need to send money outside of their country,… Read More

August 20, 2024 @ 4:42 am By Tony Zerucha  |  

The United States Federal Reserve must go big with a supersized 50-basis-point interest rate cut in September to get ahead of a looming economic storm, advises deVere Group founder and CEO Nigel Green. The warning comes as consumer prices in the US inched up modestly… Read More

August 19, 2024 @ 7:16 am By Tony Zerucha  |  

This past week, Chaos Labs, an on-chain risk management provider, announced a $55 million Series A funding round led by Haun Ventures. The funding round attracted F-Prime Capital, Slow Ventures and Spartan Capital. They join Lightspeed Venture Partners, Galaxy Ventures, Wintermute Ventures, PayPal Ventures, General… Read More

August 18, 2024 @ 6:11 pm By Tony Zerucha  |  

Small business owners are, on average, 42% overconfident in their money management, according to a new survey of more than 750 SMBs by online banking and money management platform Relay and independent research company RKI. This overconfidence score reflects a significant gap between the perception… Read More

August 18, 2024 @ 4:52 pm By Tony Zerucha  |  

This week, Q2 Holdings, a provider of digital transformation solutions for financial services, announced the release of a new Harris Poll consumer report, The Personal Bank: Delivering personalized experiences across generations. The report reveals that consumers across generations have similar perspectives, behaviors, and preferences about banking…. Read More

August 18, 2024 @ 7:11 am By Tony Zerucha  |  

Fears of a bursting AI bubble are overblown, deVere Group founder and CEO Nigel Green believes. Speculation grew following last week’s market turbulence, but Green feels that is premature. “Fear mongers are pointing to the sharp declines in the stock prices of leading AI companies… Read More

August 17, 2024 @ 3:06 pm By Tony Zerucha  |  

This week, Offchain Labs, the team of initial core developers behind Arbitrum and Ethereum consensus client Prysm, announced the launch of Tandem. This first Offchain Labs partner studio will focus on assisting select projects in building blockchain applications. Tandem seeks to nurture partnerships with innovative applications building on-chain,… Read More

August 14, 2024 @ 10:11 pm By Tony Zerucha  |  

Piñata, a rental rewards program designed to help users build and establish credit, has just announced an exclusive partnership with Visa. Piñata Pay is dubbed the first no-fee debit payment solution for renters with credit-card-like rewards. Created to be a responsible alternative to a credit… Read More

August 14, 2024 @ 2:19 pm By Tony Zerucha  |  

Chirp founder and CEO Tim Kravchunovsky believes that even as traditional stock markets have taken a beating, cryptocurrencies are faring quite well (all things considered). Chirp is a decentralized telecommunications network. While the week greeted crypto investors with one of this cycle’s most significant sell-offs,… Read More

August 12, 2024 @ 7:50 am By Tony Zerucha  |  

A report from corporate card and accounts payable platform Ramp shows that companies are willing to invest in AI, especially when it addresses specific issues. While spending remained strong in Q2, some headwinds are forming. Small SMEs raised their spending by 9.4%, with large SMEs… Read More

August 10, 2024 @ 11:01 am By Tony Zerucha  |  

Tax lawyer David W. Klasing warns the IRS anticipates a surge in cryptocurrency-related tax evasion cases. That is driven by anonymity and decentralization, which complicate the ability to track income and enforce laws. “The IRS expects a rise in crypto tax evasion cases as taxpayers file their… Read More

August 10, 2024 @ 10:58 am By Tony Zerucha  |  

This week, the Arbitrum Foundation and global asset manager Franklin Templeton announced the Franklin OnChain U.S. Government Money Fund (FOBXX) is available on Arbitrum, an Ethereum Layer 2 blockchain. Investors can gain exposure to FOBXX in digital wallets through the Benji Investments platform, Franklin Templeton’s proprietary blockchain-integrated… Read More

August 10, 2024 @ 10:54 am By Tony Zerucha  |  

Bitcoin’s recent struggles speak against the notion of it being held as an asset by the United States Treasury, argues the co-founder and CEO of Cerus Markets, a cryptocurrency exchange. Michael Brescia made the comments as Bitcoin shed nearly 18% of its value in one… Read More

August 10, 2024 @ 7:31 am By Tony Zerucha  |  

Torpago, a commercial credit card and spend management provider for banks, has announced the hiring of Chris Boncimino to head business operations. Boncimino will lead business operations with a focus on growth and product development for Torpago’s Powered By program management service. Boncimino’s fintech experience… Read More

August 7, 2024 @ 8:23 am By Tony Zerucha  |  

While Deutsche Telekom’s support for blockchain initiatives is welcome, Chirp founder and CEO Tim Kravchunovsky believes it could go further to help foster wider blockchain adoption. Chirp is a decentralized telecommunications network. Kravchunovsky said Deutsche Telekom should offer more support for budding DePIN projects as… Read More