October 19, 2024 @ 4:34 pm By Tony Zerucha  |  

This week, XTM launched a Global Workers Payout Program called PayNow. XTM is a provider of payment solutions, including tipping-payout and certified earned wage access (EWA) through QRails AnyDay. The new program empowers temporary workers to open a secure digital bank account to receive earnings,… Read More

October 19, 2024 @ 4:23 pm By Tony Zerucha  |  

Simplismart announced this week a $7 million funding round for its infrastructure, which enables organizations to deploy AI models. The company hopes to position itself as the critical enabler for AI’s transition into mainstream enterprise operations. The Series A funding round was led by Accel,… Read More

October 19, 2024 @ 4:15 pm By Tony Zerucha  |  

The Financial Technology Association (FTA) this week spoke out against the Consumer Financial Protection Bureau’s (CFPB) final interpretive rule on BNPL products. FTA president and CEO Penny Lee said the two organizations share the goal of consumer health. However, the CFPB’s results are inadequate. “Millions… Read More

October 19, 2024 @ 10:17 am By Tony Zerucha  |  

DNA Fund, a player in emerging tech and Web3 investments, has acquired Coral Capital Holdings, an investment management firm that has previously managed millions in the DNA founders’ funds. DNA and its founders have invested in or founded projects such as Tether, EOS, Mastercoin, Bancor,… Read More

October 19, 2024 @ 10:14 am By Tony Zerucha  |  

This week Surfshark released Data Leak Checker, a free, online service that lets users monitor the safety of their personal information. Powered by Surfshark Alert, this tool allows users to check if their personal data has been compromised in a data leak by simply entering… Read More

October 16, 2024 @ 9:24 pm By Tony Zerucha  |  

This week, Strise, an anti-money laundering (AML) automation company, launched The AML Megaminds Report, a resource featuring insights from more than 80 financial crime experts. It includes tidbits from more than 60 hours of conversations from The Laundry, a money laundering podcast. The report uses… Read More

October 16, 2024 @ 9:50 am By Tony Zerucha  |  

FlexFactor, a provider of decline recovery solutions for e-commerce brands, has announced the completion of its $16.8 Series A funding round. The round was led by Bessemer Venture Partners, with additional participation from seed investors. Annual global e-commerce sales exceed $5 trillion, yet failed checkout payments… Read More

October 16, 2024 @ 7:32 am By Tony Zerucha  |  

Recently Xalts announced a deeper collaboration to bring its enterprise-grade real-world asset tokenization platform, RWA Cloud, to the Polygon blockchain network. RWA Cloud provides solutions to enable financial services, governments, and other enterprise developers looking to build digital asset platforms for implementing blockchain, tokenization, and… Read More

October 15, 2024 @ 6:16 pm By Tony Zerucha  |  

Several factors will impact Bitcoin prices, YouHodler markets chief Ruslan Lienkha believes. Lienkha said Bitcoin prices remain in a consolidation and corrective phase following the strong growth seen earlier this year. The weekly chart remains optimistic, showing a bullish flag pattern, often indicating an upward… Read More

October 14, 2024 @ 8:01 pm By Tony Zerucha  |  

Cryptocurrency investors who trusted Mt. Gox with their funds learned this week they’ll have to wait even longer to be repaid. The news was posted on the disgraced platform’s website on Oct. 10. Mt. Gox’s trustee extended the deadline to repay creditors to Oct. 31,… Read More

October 13, 2024 @ 6:17 pm By Tony Zerucha  |  

If financial services companies want to derive value from artificial intelligence (AI), they must define clear use cases and prepare for what’s coming. Asher Lohman helps them do that. Lohman is the vice president of data analytics for Trace3, an integrator, and reseller of enterprise… Read More

October 9, 2024 @ 12:34 pm By Tony Zerucha  |  

This week, Gnosis, architects of the fully EVM-compatible Layer-1 Gnosis Chain, announced the launch of a rewards program it believes will benefit GNO holders, accelerate the mainstream adoption of crypto payments, and generate further stakeholder engagement on the network. Following the recent approval of GIP-110… Read More

October 8, 2024 @ 9:29 am By Tony Zerucha  |  

This past week, Abrigo, a provider of commercial lending software and services for U.S. financial institutions, announced that Abrigo Small Business Lending has emerged from beta. The company said the increased automation improves lenders’ ability to manage increased volumes while still maintaining the human touch when needed…. Read More

October 8, 2024 @ 8:39 am By Tony Zerucha  |  

This week, OwlTing Group, a global blockchain Fintech company, announced plans to implement Visa Direct solutions under a global agreement with Visa to provide real-time cross-border payments for individual and business customers. This agreement allows OwlTing to potentially reach more than 8.5 billion endpoints in… Read More

October 7, 2024 @ 3:15 pm By Tony Zerucha  |  

This week, Canary Capital, a digital asset-focused investment firm, announced its official launch alongside the debut of its first trust offering, the Canary HBAR Trust. Steven McClurg, former co-founder and CIO of Valkyrie Funds, the issuers of the Valkyrie Bitcoin ETF, said he established Canary… Read More

October 7, 2024 @ 9:23 am By Tony Zerucha  |  

EXL [NASDAQ: EXLS], a data analytics and digital operations and solutions company, has launched EXL Insurance LLM, an industry-specific large language model. Building on EXL’s recently announced initiative with NVIDIA AI Enterprise, the EXL Insurance LLM is an industry-specific LLM created to support critical claims and underwriting-related… Read More

October 6, 2024 @ 2:44 pm By Tony Zerucha  |  

As the UK retailers gear up for this year’s Black Friday shopping spree, two of the country’s biggest e-commerce brands reveal how they are tackling the growing problem of customer dishonesty. Fashion retailer River Island and ticketing service Trainline are partnering with fraud prevention platform… Read More

October 5, 2024 @ 6:12 pm By Tony Zerucha  |  

To show the true impact friendly fraud has on retailers, Chargebacks911 has released its 2024 Chargeback Field Report, giving merchants and financial institutions an understanding of the current state of chargebacks and the measures being taken by businesses to help stem the tide of chargeback… Read More

October 5, 2024 @ 6:03 pm By Tony Zerucha  |  

Since the onset of the COVID-19 pandemic, businesses and consumers have been made aware of how shipping delays impact their access to everything from electronics to food to medication. Geopolitical events such as the Russian invasion of Ukraine, Houthi shipping attacks and labor disruptions can… Read More

October 4, 2024 @ 8:41 am By Tony Zerucha  |  

Findings from MoneyLion’s Understanding U.S. Hispanic Financial Literacy & Empowerment 2024 Report show significant gaps between Hispanics and non-Hispanics. With detailed comparisons between Hispanic and non-Hispanic populations in the U.S., the report highlights key disparities in financial education, time constraints, and familiarity with financial products,… Read More