January 20, 2022 @ 11:17 pm By Tony Zerucha  |  

Direxion today launched a series of exchange-traded funds (ETFs) designed to give investors access to fintech, oil services and the S&P 500. Unveiled today are the Direxion Daily FinTech Bull 2X Shares (Ticker: FNTC), Direxion Daily Oil Services Bull 2X Shares (Ticker: ONG) and Direxion Daily… Read More

January 20, 2022 @ 10:51 pm By Tony Zerucha  |  

Data management company Coalesce this week emerged from stealth with the launch of the Coalesce Data Transformation platform. Coalesce aims to simplify the modelling, cleansing, governance, and documentation of data by analytics efficiency and flexibility. Coalesce also announced it has raised $5.92 million in seed… Read More

January 20, 2022 @ 9:52 pm By Tony Zerucha  |  

A European logistics real estate fund managed by the Singapore-regulated Elite Partners Capital has completed a €520-million sale of its entire portfolio to a fund managed by the US private equity firm Blackstone Group. Launched in early 2020, Elite Logistics Fund I is a two-year,… Read More

January 20, 2022 @ 8:41 pm By Tony Zerucha  |  

Cardano, a rival cryptocurrency to Ethereum, is likely to hit all-time highs of $2 before the end of 2022, predicts deVere Group CEO Nigel Green. The bullish guess comes as Cardano (ADA), the fifth-largest crypto, has jumped by almost 50 per cent in seven days… Read More

January 20, 2022 @ 5:16 pm By Tony Zerucha  |  

Folks Finance, a capital markets protocol for borrowing and lending built on the top of the Algorand blockchain, today announced the closing of its $3 million seed funding round, led by Borderless Capital with participation from a group including Jump Crypto, ParaFi Capital, Coinbase Ventures,… Read More

January 20, 2022 @ 4:36 pm By Tony Zerucha  |  

Tax company H&R Block is looking to “spruce” up its bottom line with a new digital banking option targeting its millions of underbanked clients The company today launched Spruce, a mobile banking platform that includes a spending account with a debit card, and a connected… Read More

January 20, 2022 @ 3:14 pm By Tony Zerucha  |  

Banking software company Temenos this week launched its buy now, pay later (BNPL) banking service. This offering will open up new revenue opportunities for banks and fintechs through the use of alternative credit products. Temenos BNPL, combined with patented Explainable AI, can help banks create… Read More

January 20, 2022 @ 11:39 am By Tony Zerucha  |  

Fintech firm Milo this week announced its new crypto mortgage, a move it believes will make it easier for cryptocurrency investors to deploy their digital assets in the purchase of US real estate. They expect it to become available in the coming weeks. Milo clients will… Read More

January 19, 2022 @ 4:05 pm By Tony Zerucha  |  

  Like many Fintech entrepreneurs, Tokeny CEO Luc Falempin, was immediately excited when he read the Bitcoin whitepaper, so much that he devoted his career to using blockchain technology to make financial markets available to everyone. A few years later, Falempin is well on his… Read More

January 18, 2022 @ 10:43 pm By Tony Zerucha  |  

The Network for Greening the Financial System (NGFS) this week announced the appointment of the Monetary Authority of Singapore’s (MAS) managing director Ravi Menon as their new chair. He will serve for a two-year term. Formed at the Paris One Planet Summit in December 2017 by… Read More

January 18, 2022 @ 9:20 pm By Tony Zerucha  |  

Telenor Group, a provider of tele, data, and media communication services across Asia and the Baltics, this week announced it will be selling its 51 per cent stake in Digital Money Myanmar, a digital payment solutions provider that is also known by the name Wave… Read More

January 18, 2022 @ 6:37 pm By Tony Zerucha  |  

Payment technology platform Global Processing Services this week announced the closure of its latest funding round at an upsized total of more than $400 million. Joining the frays are global investment firm Temasek and American growth equity outfit MissionOG. The funds will be used for new… Read More

January 18, 2022 @ 5:56 pm By Tony Zerucha  |  

The Monetary Authority of Singapore (MAS) today took steps to effectively ban the advertising of cryptocurrencies to the general public. The guidelines cover payment institutions, banks and other financial institutions, as well as applicants under Singapore’s Payment Services Act. Services included in the directives are… Read More

January 16, 2022 @ 2:19 pm By Tony Zerucha  |  

Many Brits’ holidays will cost far more than necessary given the lack of knowledge around foreign exchange (FX) charges and international transaction costs, according to research by Opinium that was commissioned by bank challenger Tally. Four out of seven (57 per cent) people don’t know banks… Read More

January 16, 2022 @ 12:42 pm By Tony Zerucha  |  

Propine, a Singapore-based, Monetary Authority of Singapore-licensed digital asset custodian, has entered into a partnership with XinFin (XDC), a Singapore-based hybrid blockchain platform to provide on-chain custody for the XDC Network. The partnership will allow the XDC ecosystem to see security and fully compliant and… Read More

January 15, 2022 @ 4:17 pm By Tony Zerucha  |  

Archethic, a blockchain network, has launched the Archethic Lab web portal, featuring a series of tools that help users and developers to join the project’s ecosystem. The website contains links to the platform’s testnet and mainnet beta, regular video tech updates, and all the tools… Read More

January 15, 2022 @ 12:45 pm By Tony Zerucha  |  

Blockchain venture studio Draper Goren Holm recently announced an investment in Mavryk Finance, a decentralized, non-custodial, community-governed platform. Mavryk Finance allows users to borrow, earn, and unlock the world from legacy financial systems. “We’re thrilled to welcome Mavryk Finance into our family as Alex Davis… Read More

January 14, 2022 @ 5:27 pm By Tony Zerucha  |  

Payment technology firm Nuvei this week announced the release of its latest white paper Mystery to Opportunity: The Future of Crypto Payments. It discusses the potential of cryptocurrencies as a viable payment method in e-commerce and considers possible adoption scenarios that could unfold in the near future…. Read More

January 13, 2022 @ 7:09 pm By Tony Zerucha  |  

FundThrough, an invoice payment fintech platform, this week announced the acquisition of BlueVine’s invoice factoring business. The company said the acquisition fast tracks the company’s strategic focus on embedded finance and its expansion efforts in the U.S. market, doubling the number of U.S. clients that… Read More

January 13, 2022 @ 5:43 pm By Tony Zerucha  |  

The American Blockchain Political Action Committee this week appointed Michael Onghai to its board of advisors. A former CEO of Looksmart, Onghai is also a seed investor in Coinbase, FundersClub, and Upflex. He currently is principal and seed investor in Alpha Sigma Funds, and a… Read More