October 30, 2024 @ 9:46 am By JD Alois  |  

American Fintech Council (AFC) has submitted a comment letter in response to the joint Request for Information on Bank-Fintech Arrangements. The interagency RFI includes the FDIC, OCC and Federal Reserve. The letter states that it is important for these agencies to understand that not all… Read More

 Tagged AFC, american fintech council, regulation, rgi

October 30, 2024 @ 8:49 am By JD Alois  |  

 iCapital has acquired AltExchange, according to a company statement. Terms of the acquisition were not disclosed. AltExchange was created to cater to the private securities market as the sector boomed post 2008. AltExchange caters to wealth managers, family offices etc., aiming to provide a robust… Read More

 Tagged acquisition, altexchange, icapital

October 30, 2024 @ 7:36 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, and TickPick, the modern transparent ticket marketplace transforming the event ticketing industry, announced their partnership to enhance the ticket buying experience for all TickPick customers. TickPick, known for its no service fee policy, best price guarantee,… Read More

 Tagged fintech trends, klarna, payments, virtual payments

October 30, 2024 @ 7:30 am By Omar Faridi  |  

DWS Xtrackers has reportedly become the new crypto ETP issuer at SIX Swiss Exchange. SIX welcomes DWS Xtrackers as the latest issuer of Exchange-Traded Products (ETPs) with “cryptocurrency underlyings.” DWS Xtrackers lists in total two new products, one on Bitcoin and one on Ethereum. With… Read More

 Tagged crypto etps, dws xtrackers, six, Swiss Stock Exchange, switzerland

October 29, 2024 @ 10:49 pm By Omar Faridi  |  

Crime experienced by individuals and households has generally decreased over the last 10 years with some notable exceptions. Latest estimates from the Crime Survey for England and Wales (CSEW) showed that there were an “estimated 9.2 million incidents of headline crime” (which includes theft, robbery,… Read More

 Tagged england, financial crime, research, survey, uk, wales

October 29, 2024 @ 10:48 pm By Omar Faridi  |  

Thunes, which claims to be the Smart Superhighway to move money around the world, announced the launch of its new Pay-to-Card solution, broadening the company’s Global Direct Network’s reach. Via this offering, Thunes now connects Members of its Network to 15 billion cards, including Mastercard,… Read More

 Tagged fintech adoption, payments, thunes

October 29, 2024 @ 10:44 pm By Omar Faridi  |  

Seneschal, the specialist private equity and real estate / real assets fund administrator, has selected LemonEdge, the fund accounting solution for private markets funds, to build its back-office accounting operations to deliver the best services to its fund manager clients at scale. ‍Founded in 2021… Read More

 Tagged lemonedge, real assets, real estate, seneschal

October 29, 2024 @ 10:41 pm By Omar Faridi  |  

Banco Santander, Lloyds Banking Group, and UBS have  completed the first uncleared bilateral margin payments using a digital representation of central bank funds on the Sterling Fnality Payment System (£FnPS). This “real-world” proof-of-concept reportedly “proves” that Fnality can be used to make bilateral margin payments… Read More

 Tagged banco santander, fnality, lloyds banking group, ubs

October 29, 2024 @ 4:53 pm By Omar Faridi  |  

Novaprime, a mortgage technology company dedicated to making homeownership more affordable, has recently announced that it makes its public debut with the launch of its AI-powered Loan Quality Platform. The platform is designed to improve the mortgage process by quickly evaluating loan integrity, “reducing processing… Read More

 Tagged ai, artificial intelligence, homeownership, mortgage technology, novaprime

October 29, 2024 @ 4:48 pm By Omar Faridi  |  

Nium, the global infrastructure for real-time cross-border payments,  announced the launch of Nium Verify, a real-time bank account verification solution for businesses and individual accounts, available across 50 markets. Designed to empower businesses with instant verification of beneficiary bank account details, Nium Verify aims to… Read More

 Tagged Cross-Border Transactions, infrastructure, nium, real-time payments