November 30, 2021 @ 3:05 pm By Tony Zerucha  |  

Algofi, a lending market and stablecoin protocol built on the Algorand blockchain, today announced $2.8 million in seed funding during Decipher, Algorand’s annual community conference. Union Square Ventures, Arrington XRP Capital, and Pillar VC led the round, with participation from Y Combinator, Formulate Ventures, and… Read More

November 26, 2021 @ 4:21 pm By Tony Zerucha  |  

Finastra announced this week it has introduced additional alternative reference rates (ARR) and risk-free rates (RFRs) to its Fusion LIBOR Transition Calculator. The move enables banks, corporates and borrowers to calculate ARR in preparation for the end of the majority of LIBOR rates on Dec…. Read More

November 26, 2021 @ 3:07 pm By Tony Zerucha  |  

Decentralized finance (DeFi) protocol Flurry Finance, which offers cross-chain yield farming, will deploy its utility token RHO and its governance token FLURRY on the Polygon network Dec. 1. A trio of RHO tokens – rhoUSDT, rhoUSDC and rhoBUSD will also be available on the same day…. Read More

November 26, 2021 @ 2:05 pm By Tony Zerucha  |  

Digital asset lending infrastructure developer Lendingblock this week released new requirements for their LND Boost tiers. They are effective Dec. 1. Boost tiers are staking devices that come with rewards, with greater benefits coming with the higher levels. They include higher earned interest rates and… Read More

November 26, 2021 @ 2:00 pm By Tony Zerucha  |  

While the DBS Bank motto is “Live more, bank less,” some customers found they could not bank at all after some services were disrupted for days earlier this week. The problem was discovered Tuesday morning when customers began having issues with account logins. Initial communications… Read More

November 26, 2021 @ 11:14 am By Tony Zerucha  |  

BNP Paribas has partnered with SIA, a European payment tech company, to support the launch of co-branded cards with major commercial partners in France and other European countries. SIA’s technology infrastructure will process digital and physical co-branded cards issued by BNP Paribas. The SIA platform… Read More

November 26, 2021 @ 10:21 am By Tony Zerucha  |  

Canadian fintech Borrowell announced this week that more than two million Canadians are now members of its platform. This announcement comes during Financial Literacy Month in Canada, as Borrowell continues its mission to educate and empower consumers to take control of their financial health. “At… Read More

November 26, 2021 @ 9:27 am By Tony Zerucha  |  

POS financing Fintech Kafene has secured $75 million in additional debt and equity to accelerate company growth. The package included a $50 million credit facility from Credit Suisse, with an additional $10 million provided by Hudson Cove Capital Management, an alternative credit asset manager. An… Read More

November 26, 2021 @ 8:15 am By Tony Zerucha  |  

More than 30 per cent of British consumers have entered a new banking relationship with a financial institution or non-bank service provider during the COVID-19 pandemic, according to a new report released from financial technology provider FIS. The FIS PACE Survey examines how UK consumers… Read More

November 25, 2021 @ 2:50 pm By Tony Zerucha  |  

Cryptocurrency trading mobile app TabTrader announced today it closed a $5.8 million Series A round led by BitMEX Ventures. Also participating in the round were Hashkey Capital, Spartan Capital, SGH Capital, SOSV, and Artesian Venture Partners. Based in Amsterdam, TabTrader said it has more than 400,000… Read More

November 25, 2021 @ 1:05 pm By Tony Zerucha  |  

Several Indian business leaders spoke out against what they believe is their government’s overly cautious approach to cryptocurrency regulation. They made the comments during the Mumbai Micro Experience of Fintech Festival India 2021-22. Mrutyunjay Mahapatra, a member of the Governing Council of RBI (Reserve Bank… Read More

November 24, 2021 @ 9:21 pm By Tony Zerucha  |  

Sparrow, a Singapore-based digital assets trading platform, now accepts PayNow transfers for institutional customers, the platform announced today. The PayNow transfer service allows Singaporeans to receive money into their bank account through their National Registration Identity Card (NRIC), which is similar to a Social Security… Read More

November 24, 2021 @ 6:09 pm By Tony Zerucha  |  

MoneyLion, a data-driven, digital financial platform, recently acquired MALKA Media Group, a creator network and content platform. The acquisition helps MoneyLion engage with consumers across all digital and emerging channels, both inside and outside its platform. “This transaction is the evolution of a successful four-year… Read More

November 24, 2021 @ 6:03 pm By Tony Zerucha  |  

Online payment solutions provider Veem recently announced the rollout of Veem Partner Connect program, enabling partners with flexible and configurable integration options. As services continue to shift online, embedded financial products are expected to become the norm for SMBs as they look for simple and… Read More

November 24, 2021 @ 5:20 pm By Tony Zerucha  |  

If you think you’re getting priced out of physical real estate, you’d likely be doing even worse online. This week, Canadian company Tokens.com announced its subsidiary Metaverse Group acquired a 116-parcel, 6,090 square-foot estate in the heart of Decentraland’s Fashion Street district for $2.4 million…. Read More

November 24, 2021 @ 5:12 pm By Tony Zerucha  |  

A recently released report from Temenos, a large banking software provider, on cloud technology adoption in different business sectors attempts to determine why the banking industry has been slower to adopt it than other sectors. The survey of IT executives in the banking sector, conducted… Read More

November 24, 2021 @ 4:40 pm By Tony Zerucha  |  

Cryptocurrency platform Okcoin this week announced the launch of Sats Mode, becoming the first US-licensed exchange to show bitcoin in satoshis (sats), which are equivalent to 100 millionth of a Bitcoin. The feature enables Okcoin customers to view their Bitcoin balance and buy Bitcoin in… Read More

November 24, 2021 @ 2:20 pm By Tony Zerucha  |  

While Stripe does not currently accept cryptocurrencies as payment, the are monitoring the space and could change that policy in the future, its co-founder and president said today. Speaking at the Fintech Abu Dhabi Festival, John Collison noted his company and cryptocurrencies were founded within… Read More

November 24, 2021 @ 12:26 pm By Tony Zerucha  |  

The use of digital services has many applications in the world of finance, especially when you incorporate blockchain technology, and one of the companies using these technologies to benefit business is OARO. Founded in 2017, OARO is a Canadian company with offices in Halifax, N.S.,… Read More

November 24, 2021 @ 12:12 pm By Tony Zerucha  |  

nOFTEN, an NFT marketplace for celebrities and artists, is teaming up with Fashion TV (FTV), an international fashion and lifestyle channel, to promote fashion-focused NFTs. “NFTs are a gold rush for artists and celebrities, churning out mind-boggling pay-outs for early adopters if used right,” FTV… Read More