April 22, 2024 @ 8:16 am By Omar Faridi  |  

Digital payments are becoming the cornerstone of the cross-border, international digital money transfer and remittances market “with numerous disruptor MTOs (Money Transfer Operators) making strong progress,” the Juniper Research team noted. Juniper Research has explained that cross-border transfer has evolved from being “solely a sphere… Read More

 Tagged cbdcs, payments, research, stablecoins, virtual currencies

April 22, 2024 @ 6:58 am By Tony Zerucha  |  

The American Fintech Council, an industry association representing fintech companies, BaaS banks and credit unions, announced this week that Continental Finance has become its newest member. Continental Finance works to provide a variety of services to customers who have been long forgotten by traditional financial… Read More

 Tagged american fintech council, Continental Finance, Phil Goldfeder, Stephen McSorley

April 21, 2024 @ 12:38 pm By Omar Faridi  |  

CME Group, the derivatives marketplace, announced that its quarterly international average daily volume (ADV) reached a record 7.4 million contracts in Q1 2024, up 2% year on year. Reflecting all trading reported from outside the United States, volume was driven “largely by 38% growth in… Read More

 Tagged cme group, derivatives, financial services, trading

April 21, 2024 @ 10:45 am By Omar Faridi  |  

Montran, a global enabler of capital markets infrastructure, announces the successful launch of the new Central Securities Depository (CSD) platform at the Banco de la República de Colombia. This deployment marks a significant milestone in “modernizing the Colombian financial market infrastructure.” José Escobar, General Manager… Read More

 Tagged colombia, montran

April 21, 2024 @ 10:29 am By Omar Faridi  |  

Andreessen Horowitz has reportedly raised $7.2B for the following venture strategies: American Dynamism ($600M), Apps ($1B), Games ($600M), Infrastructure ($1.25B), and Growth ($3.75B). This marks an important milestone for the firm. When Marc and Ben Horowitz started the firm in 2009, the conventional wisdom in… Read More

 Tagged a16z, andreessen horowitz, venture capital

April 21, 2024 @ 8:24 am By Tony Zerucha  |  

This week WorldFirst, a digital payment and financial services platform for global businesses, launched WorldTrade, a payment solution for global sourcing to bolster the security and speed of cross-border payment for international SMEs that procure goods from suppliers based in China. WorldTrade employs smart contract-fulfillment… Read More

 Tagged china, Ma Qisheng, payments, worldfirst, WorldTrade

April 21, 2024 @ 4:30 am By Omar Faridi  |  

ISDA has released a whitepaper from ISDA Future Leaders in Derivatives (IFLD), its professional development program for emerging professionals in the derivatives market. The whitepaper, GenAI in the Derivatives Market: a Future Perspective, was reportedly “developed by the third cohort of IFLD participants, who began… Read More

 Tagged derivatives, generative ai, isda, research

April 20, 2024 @ 6:33 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) has opened registration for its fourth edition of the Investment Immersion Program (IIP) as from Wednesday, April 17, 2024 for six weeks. The program is an apprenticeship that aims “to employ and develop local investment professionals.” The program, which comprises… Read More

 Tagged mena, SAMA, saudi arabia

April 20, 2024 @ 10:34 am By Omar Faridi  |  

Allica Bank says it is on a mission to give established businesses in the UK the banking they deserve. Allica Bank explains that it aims to “offer no-nonsense business banking built especially for firms with 5-250 employees, providing dedicated relationship manager support backed up with… Read More

 Tagged allica bank, clearbank, uk, united kingdom

April 20, 2024 @ 7:52 am By Omar Faridi  |  

SRM Europe, a subsidiary of SRM (Strategic Resource Management, Inc.) providing business advisory services across the United Kingdom and Europe, is pleased to announce the acquisition of Accourt Payments Specialists, a provider of payments consulting and strategic services. With a strong track record in payments,… Read More

 Tagged acquisition, srm europe, uk, united kingdom