September 27, 2024 @ 9:17 am By Omar Faridi  |  

Building on its earlier participation in JPM Coin Systems through Onyx by JP Morgan, the firm’s blockchain business unit, First Abu Dhabi Bank (FAB) completed its pilot using Programmable Payments. Programmability is the ability of the system “to execute specific tasks based on defined instructions.”… Read More

 Tagged abu dhabi bank, fab, mena, programmable payments, uae

September 27, 2024 @ 6:38 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, has reportedly opened its new flagship office in Toronto. The expansion reflects Toronto’s growth as the fourth-largest market “for tech talent in North America and reinforces Stripe’s commitment to Canada.” Stripe serves fast-growing Canadian startups and platforms “such… Read More

 Tagged canada, stripe

September 26, 2024 @ 5:29 pm By Omar Faridi  |  

CAIS, the alternative investment platform for independent financial advisors, announced it has expanded its offerings of alternative investment strategies from leading alternative investment managers, deepening the firm’s commitment to making alternative investment products more accessible to wealth management. New managers that have introduced strategies “on… Read More

 Tagged Alternative Investment, cais, investment, wealth management

September 26, 2024 @ 3:50 pm By JD Alois  |  

Anti-Fintech politicians Senator Elizabeth Warren and Senator Chris Van Hollen have forwarded a letter to the Office of the Comptroller of the Currency (OCC), US Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) demanding that bank regulators crack down on Fintechs providing bank-like services. Senators… Read More

 Tagged banking, Chris Van Hollen, elizabeth warren

September 26, 2024 @ 3:20 pm By Omar Faridi  |  

Nu Asset Management, Nubank’s (NYSE: NU) investment fund manager, announces the launch of Nu Ibovespa B3 BR+ (NBOV11), the first ETF on the market indexed to Ibovespa B3 BR+. The new fund is now available for trading on B3. The Ibovespa B3 BR+ is a… Read More

 Tagged brazil, digital financial services, investment fund, latam, nu asset management, nubank

September 26, 2024 @ 12:25 pm By JD Alois  |  

Both London and New York City have long been top global financial centers, and both locales have emerged as Fintech leaders. The sheer size of the US market has helped NYC maintain a significant advantage over London in global rankings, but a report shared today… Read More

 Tagged uk, united kingdom

September 26, 2024 @ 9:50 am By JD Alois  |  

As was previously reported, the US Department of Justice (DOJ) has filed a lawsuit against Visa (NYSE:V) claiming uncompetitive practices that stifle innovation while keeping costs high for consumers. A statement by the Competitive Enterprise Institute (CEI) posted this week counters this argument, claiming the DOJ’s… Read More

 Tagged cei, doj, lawsuit, visa

September 26, 2024 @ 9:39 am By JD Alois  |  

The Digital Lending Association (DLA) says it has elected Patrick Stäuble, founder and CEO of Teylor AG, to its board of directors. Simultaneously, Philipp Kriependorf, co-founder and Managing Director of auxmoney GmbH, and Marco Hinz, Managing Director of CrossLend GmbH, were unanimously re-elected. Tthe DLA… Read More

 Tagged digital lending association, dla, germany

September 26, 2024 @ 9:06 am By Omar Faridi  |  

The UK economy is said to be at a crossroads with weaker than expected growth to leave less room for the Chancellor in the Autumn Budget. This, according to an update from KPMG. According to KPMG in the UK, this weaker growth is set “to… Read More

 Tagged autumn budget, economy, Research Study, uk

September 26, 2024 @ 7:53 am By Omar Faridi  |  

The European Investment Bank (EIB) is providing €220 million in financing to Nexi Group, Europe’s largest PayTech company, to support innovation in the digital payments sector. The agreement was announced in Milano “by EIB Vice-President Gelsomina Vigliotti and Nexi Group CFO Bernardo Mingrone.” Nexi will… Read More

 Tagged digital payments, eib, europe, european investment bank, nexi group