December 7, 2021 @ 6:05 pm By Tony Zerucha  |  

Layer 2 scaling solution Nahmii recently announced its first verifiers are running full nodes on Nahmii’s network. Last month’s Nahmii 2.0 mainnet launch marked was a milestone for Ethereum’s future of scalable, user-friendly, and secure applications, the company said. Verifiers, including DARMA Capital, Delta Blockchain… Read More

December 7, 2021 @ 5:08 pm By Tony Zerucha  |  

Hummingbird Regtech, a provider of risk and compliance technology, this week announced the company has raised $30 million in Series B funding. The raise brings the total venture backed funding total to $41.8 million, and follows Hummingbird’s $8.2 million Series A in 2020. This new… Read More

December 7, 2021 @ 3:20 pm By Tony Zerucha  |  

New analysis from leading online pension provider PensionBee reveals men’s average quarterly contribution amounts increased by 32 per cent, from £801 in Q3 2020 to £1,058 in Q3 2021. Women’s average quarterly contribution amounts also increased by 15 per cent in the same period, from… Read More

December 7, 2021 @ 3:17 pm By Tony Zerucha  |  

Cryptocurrency options trading platform PowerTrade has released Power Protocol (aka Power Pro), a decentralized derivatives protocol with a set of features including span portfolio margin across all products, multi-collateral USD-contracts, derivatives trading tools, and an RFQ protocol, all available via mobile (IOS and Android) and… Read More

December 6, 2021 @ 11:49 am By Tony Zerucha  |  

New research published by open banking platform Tink reveals an increase in spending among Europe’s financial executives, with 47 per cent saying their open banking budgets have risen in 2021. This follows a challenging year in 2020, where financial institutions battled budget restrictions against the… Read More

December 6, 2021 @ 11:11 am By Tony Zerucha  |  

While Amazon’s (NASDAQ:AMZN) recent decision to stop accepting Visa (NYSE:V) credit card payments in January is causing some short-term disruption, it’s a calculated move, Forter’s head of strategic partnerships for EMEA and APAC Neil Smith said recently. Beginning Jan. 19, 2022, Amazon will no longer… Read More

December 3, 2021 @ 9:35 pm By Tony Zerucha  |  

Payments and API banking solutions company Cashfree Payments this week announced an equity investment of $15 million in Telr, a Saudi  Arabia and United Arab Emirates-based payment service provider. With this investment, Cashfree becomes one of the largest shareholders in the company. Cashfree said this… Read More

December 3, 2021 @ 6:28 pm By Tony Zerucha  |  

Ritholtz Wealth Management and WisdomTree today announced the launch of the RWM WisdomTree Crypto Index designed to provide retail investors, via a financial advisor, access and diversified exposure to cryptoassets. The index has been licensed to Onramp Invest and is available for financial advisors using… Read More

December 3, 2021 @ 4:54 pm By Tony Zerucha  |  

Umbrella Network, a decentralized Layer-2 oracle solution, today announced its launch on Avalanche, providing the ecosystem access to high-scale and low-cost oracles. Avalanche is designed as a highly scalable ecosystem, with the aim of delivering near-instant transaction finality while levying low transaction fees. It has… Read More

December 3, 2021 @ 3:12 pm By Tony Zerucha  |  

Facebook – Meta (NASDAQ:FB) announced today it will begin testing Split Payments on Messenger next week. They tout it as a method to improve the ability to split bills like dinners or rent. To begin, users should click “Get Started” in a group chat or… Read More

December 3, 2021 @ 2:08 pm By Tony Zerucha  |  

The State of Ohio this week passed five bills into law, including the Business Fairness Act, and one authorizing the state to use blockchain and distributed ledger technology. Governor Mike DeWine signed the bills into law including House Bill 177, sponsored by Representatives Rick Carfagna… Read More

December 1, 2021 @ 8:04 pm By Tony Zerucha  |  

Asian cryptocurrency payments company TripleA has been granted a digital payment token license by the Monetary Authority of Singapore (MAS). TripleA is the first standard payment institution to receive this license, the company said. The designation allows TripleA to provide end-to-end cryptocurrency payment services for… Read More

December 1, 2021 @ 5:22 pm By Tony Zerucha  |  

Americans are the most common target of payment card fraud, based on details for sale on the dark web, new research published this week by NordVPN shows. The company analyzed 4.5 million payment card details belonging to citizens of 140 countries that were found by… Read More

December 1, 2021 @ 2:53 pm By Tony Zerucha  |  

SMEs across the United Kingdom are somewhat optimistic consumer demand will soon rise, the results of a survey by fintech MarketFinance suggest. MarketFinance asked 2,000 SME owners across the UK about their outlook for 2022 and beyond, gauging their short and long-term plans for business… Read More

December 1, 2021 @ 2:25 pm By Tony Zerucha  |  

SunTec Business Solutions and Mambu this week announced a partnership with plans to integrate its complete revenue management solution with Mambu’s cloud banking platform. As part of this partnership, SunTec’s pricing, billing, and benefits management solutions will be available to banks for integration into the… Read More

December 1, 2021 @ 1:46 am By Tony Zerucha  |  

Assetz Capital has provided a £2.3 million commercial mortgage to Roseberry View Lodges. The capital infusion allows the luxury holiday site to refinance an existing development facility and fund five new lodges in North Yorkshire. In a statement, the company said the loan follows 18… Read More

November 30, 2021 @ 10:39 pm By Tony Zerucha  |  

GajiGesa, an Indonesia-based company that offers financial wellness solutions that include the Earned Wage Access (EWA) program, today announced a $6.6 million pre-Series A round. New contributors to the round include MassMutual Ventures, January Capital, Wagestream, Oliver Jung, Patrick Walujo, Chee-Yann Wong, RS. Bunda Group,… Read More

November 30, 2021 @ 9:30 pm By Tony Zerucha  |  

Endowus, a digital wealth app based in the Fintech hotbed of Singapore, this week announced it has raised $27 million. The new capital infusion brings its total 2021 raise to $50 million. Prosus Ventures and EDBI led the round, with contributions from Z Holdings and… Read More

November 30, 2021 @ 6:48 pm By Tony Zerucha  |  

South Korea’s Shinhan Bank today announced it has completed the development of a proof-of-concept, with a global megabank outside of Korea, to improve the remittance process through the use of stablecoins. It is built on the Hedera network, leveraging stablecoins and focused on international remittances…. Read More

November 30, 2021 @ 4:49 pm By Tony Zerucha  |  

Fundbox, the AI-powered financial platform for small businesses, has closed a $100M Series D funding round at a $1.1 billion valuation. This latest round was led by Healthcare of Ontario Pension Plan (HOOPP), joined by existing investors Allianz X, Khosla Ventures, and The Private Shares… Read More