General News

October 17, 2022 @ 9:12 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced that Ms. Gillian Tan will be appointed Chief Sustainability Officer “from 17 October 2022, in addition to her current role as Assistant Managing Director (Development & International).” MAS’ current Chief Sustainability Officer, Dr. Darian McBain, will “leave MAS… Read More

October 17, 2022 @ 2:21 pm By Omar Faridi  |  

BIAN, the “independent” not-for-profit association, recently announced its Open-Source Specification tool. Through its Open-Source offering, organizations now “have access to a set of message definitions made freely available for modification and redistribution.” The tool has been “developed to further BIAN’s CORELESS BANKING INITIATIVE, which aims… Read More

October 17, 2022 @ 12:19 pm By Omar Faridi  |  

Brazil’s C6 Bank notes that the purchase of airline tickets has always been one of the main destinations given to the points accumulated by customers registered in bank and credit card loyalty programs. But other ways of using these miles are “starting to become popular.”… Read More

October 16, 2022 @ 6:14 pm By Omar Faridi  |  

CANVAS, a DeFi infrastructure company, is pleased to announce the testnet launch of CANVAS Connect, the Layer 2 scaling solution “built for the digital economy.” CANVAS Connect was “built in partnership with StarkWare, using the company’s STARK Proofs to batch DeFi transactions.” The new service… Read More

October 16, 2022 @ 3:39 pm By Omar Faridi  |  

Launchnodes recently announced the rollout of Geth Nodes for Ethereum staking on AWS, following Ethereum’s successful ‘Merge’ in late September 2022. Using Geth nodes (execution layer clients) on AWS is “a cheap and easy way to enable staking through any consensus layer client when staking… Read More

October 15, 2022 @ 2:32 pm By Omar Faridi  |  

Zumo, the UK-based wallet and crypto-as-a-service enterprise solution provider, has announced at Sibos 2022 that it has “become the latest member of the World Economic Forum’s Crypto Sustainability Coalition.” Part of the wider Crypto Impact and Sustainability Accelerator, the newly formed coalition will explore “how… Read More

October 14, 2022 @ 6:25 pm By Omar Faridi  |  

Forter, the Trust Platform for digital commerce, announced the launch of Smart Claims, a new product offering designed “to help businesses manage chargebacks more effectively.” By connecting order and claims data across different payment systems into a single, consolidated view, Smart Claims “enables merchants to… Read More

October 14, 2022 @ 9:13 am By Omar Faridi  |  

Data solutions provider, Sagacity Solutions Ltd., recently announced its acquisition of data marketing and insight agency, REaD Group Ltd. The acquisition will give clients “a one-stop-shop for clean, accurate and compliant data with … comprehensive insights.” Sagacity will “provide an intelligently informed customer lifecycle proposition… Read More

October 14, 2022 @ 8:57 am By Omar Faridi  |  

Tether, the issuer of the world’s largest stablecoin USDT by market cap, announced on October 13, 2022 that it has “eliminated commercial paper from its reserves, replacing these investments with U.S. Treasury Bills (T-Bills).” This announcement “comes as part of Tether’s ongoing efforts to increase… Read More

October 13, 2022 @ 4:18 pm By JD Alois  |  

Today the SEC’s Small Business Capital Formation Advisory Committee (SBCFAC) held a meeting to address two important topics. The sagging initial public offering (IPO) market and access to capital for vital entrepreneurial markets. Both, are key policy ambitions – more so during a time of… Read More

October 13, 2022 @ 2:23 pm By Omar Faridi  |  

Since Talenthouse completed the acquisition of Coolabi which covers several markets including UK, US and China, both businesses are working together “to deepen Talenthouse’s proposition within the Creator Economy space and diversify its offering amidst an unsteady market.” With market conditions looking to continue in… Read More

October 13, 2022 @ 8:14 am By Omar Faridi  |  

The Digital Pound Foundation is pleased to announce the addition of Modulr to the Digital Pound Foundation’s membership community. Since its inception in 2016, Modulr has “grown to become the leading provider of embedded payments to businesses across the UK and Europe.” Authorized by the… Read More

October 12, 2022 @ 12:47 pm By Omar Faridi  |  

The team at Payable reveals that they’ve raised $6.1 million in order to build a payment operations platform so companies “stop using EBICs, bank files and spreadsheets to move and reconcile money.” With Payable, you can “connect your banks and automate payments from initiation to… Read More

October 12, 2022 @ 10:19 am By Omar Faridi  |  

Railsr, the embedded finance experience platform, has chosen SurePay as its UK Faster Payments (UKFP) Confirmation of Payee (CoP) vendor in order to assist its clients with combatting fraudulent activities and misdirected payments carried out in the United Kingdom. With SurePay, Railsr may now take… Read More

October 12, 2022 @ 10:10 am By JD Alois  |  

The periodic report assessing teen trends produced by Piper Sandler has been distributed this past week. While skipping over digital payment preferences, as outlined in their previous report, the authors did address the crypto trends of teens. The research surveyed 14,500 teens across the country… Read More

October 12, 2022 @ 8:37 am By Omar Faridi  |  

Bluevine, which claims to be the leading provider of holistic banking solutions designed for small businesses and Heard, the financial back-office for therapists in private practice, announced a partnership in order “to provide business checking to mental health professionals.” COVID saw “a twenty percent rise… Read More

October 12, 2022 @ 8:13 am By Omar Faridi  |  

BNP Paribas (EPA: BNP) is pleased to announce the signature of an agreement for the acquisition of Kantox, a Fintech for the automation of currency risk management. FT Partners advised Kantox on its sale to BNP Paribas. Kantox’s software solution has “managed to successfully re-bundle the… Read More

October 11, 2022 @ 10:27 pm By Omar Faridi  |  

Since launching regulated and secure BTC trading in 2015, Gemini says it has been a passionate supporter of Bitcoin and the blockchain ecosystem. Importantly, Gemini provided grants and sponsorships through the Gemini Opportunity Fund to various groups “supporting the Bitcoin Network, including Bitcoin Developers.” In… Read More

October 11, 2022 @ 12:47 pm By Omar Faridi  |  

Barclays is rolling out a new cashback without purchase service, “creating thousands of new locations for consumers to withdraw cash for free.” This is the first time a UK bank has “launched its own cashback without purchase service, made possible by Barclays’ payments franchise and… Read More

October 11, 2022 @ 7:41 am By Omar Faridi  |  

The Financial Stability Board (FSB) recently published the priority themes for the next phase of work under the G20 Roadmap for Enhancing Cross-Border Payments, two years after the Roadmap was launched. The plan reportedly “includes the practical steps to be taken to strengthen external engagement… Read More