General News

October 22, 2022 @ 2:56 pm By Omar Faridi  |  

The agreement between Danske Bank and the consortium of banks behind Vipps to merge MobilePay and Vipps has been “approved by all relevant authorities, including the EU Commission.” The parties expect “to complete the transaction during the fourth quarter of 2022.” The merger was “announced… Read More

October 22, 2022 @ 2:49 pm By Omar Faridi  |  

UK-based challenger bank Atom has appointed Andrew Marshall as the company’s chief financial officer. He will be replacing Atom co-founder David McCarthy whose departure was first reported  in September of this year. Marshall has reportedly worked at Atom for the past six years, holding several… Read More

October 21, 2022 @ 3:44 pm By Omar Faridi  |  

Bookkeep, the “smarter” accounting automation platform, announced a $6.6 million seed+ round of funding led by Fin Capital, “with participation from existing investors TTV Capital, Argonautic Ventures, Lerer Hippeau, Haymaker Ventures, and others.” This investment round brings Bookkeep’s total funding “to $10 million, following a… Read More

October 21, 2022 @ 10:23 am By Omar Faridi  |  

UBS (SWX: UBSG) and Microsoft (NASDAQ: MSFT) announced a landmark expansion of their partnership “to accelerate UBS’s public cloud footprint over the next five years.” Through this transformational initiative, UBS plans “to have more than 50% of its applications, including critical workloads, running on Microsoft… Read More

October 21, 2022 @ 8:22 am By Omar Faridi  |  

Binance.US, the U.S. partner to the largest crypto exchange and “America’s home” to buy, sell, trade, convert and stake digital assets, announced the appointment of former Federal Bureau of Investigation agent, BJ Kang, “as the company’s first Head of Investigations.” In this role, BJ will… Read More

October 20, 2022 @ 9:02 pm By Omar Faridi  |  

Virtual currency trading company CrossTower continues to pursue a potential deal to acquire the assets of the once-leading and now-bankrupt Voyager Digital Ltd. out of bankruptcy, a lawyer for CrossTower noted at a court hearing on Wednesday (October 19, 2022). John Ashmead, CrossTower’s lawyer, a… Read More

October 20, 2022 @ 7:57 pm By Omar Faridi  |  

American Express (NYSE: AXP) and Cvent (Nasdaq: CVT), a meetings, events, and hospitality technology provider, introduced enhanced features to the Cvent Event Marketing & Management platform that “further expand virtual payment capabilities, leveraging American Express’ integrated budget management and payment automation solutions.” The enhanced features… Read More

October 20, 2022 @ 6:07 pm By Omar Faridi  |  

ZSuite Tech, a financial technology company that powers financial institutions with unbound digital accounts encompassing escrow, subaccounting, sub-ledgering, FBO and trust accounts for commercial clients, announced Manasquan Bank successfully deployed ZEscrow, the industry’s “first” completely digital commercial escrow solution, and ZRent, an automated rent and… Read More

October 20, 2022 @ 3:30 pm By Omar Faridi  |  

Chase, the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), announced it is giving Secure Banking customers more flexibility “over how they manage their money by providing access to direct deposits up to two days early.” Beginning this month, Secure… Read More

October 20, 2022 @ 9:46 am By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) has issued a statement hammering the UK Competition and Markets Authority (CMA) for its activity that will have “a chilling effect on America’s startup ecosystem.” This past week, the CMA claimed that the acquisition by Facebook (Meta)… Read More

October 20, 2022 @ 8:18 am By Omar Faridi  |  

Nuri was founded in 2015 under the name Bitwala with the purpose “to make Bitcoin spendable.” Over the years, the business has “gone through several transformations and re-positionings, ups and downs,” until it has become Nuri, the bank account “to grow your money.” The team’s… Read More

October 19, 2022 @ 8:52 pm By Omar Faridi  |  

Colt Technology Services has announced the successful completion of a pioneering cloud colocation Proof of Concept (PoC), which demonstrates “the viability of hosting and distributing multicast data in the cloud for global Capital Market customers.” The testing represents “a step towards greater on demand services… Read More

October 19, 2022 @ 8:50 pm By Omar Faridi  |  

The Binance NFT Marketplace is pleased to be the official sales platform of an exclusive NFT collection created by the Kharkiv Art Museum in Ukraine. This cultural institution is “home to around 25,000 works of fine art, and the museum’s collection is recognized as one… Read More

October 19, 2022 @ 12:41 pm By Omar Faridi  |  

GoCardless, which claims to be a global leader in direct bank payments, has signed Crowdz, the small and mid-sized enterprise (SME) finance platform, “as its latest customer as the company looks to integrate open banking to enhance its ability to drive equitable access to finance… Read More

October 18, 2022 @ 6:39 pm By JD Alois  |  

a16z (Andreessen Horowitz) has relaunched its Crypto Startup School (CSS), while expanding the program into a crypto accelerator, according to a blog post. a16z is one of the best-known VCs in Silicon Valley. While backing various industry sectors, including Fintech, a16z has emerged as a… Read More

October 18, 2022 @ 3:20 pm By Omar Faridi  |  

Backbase’s entrepreneurial culture is driving organic growth across the world, in terms of revenue and customers, as the company’s mission “to re-architect banking around the customer through Engagement Banking is gaining global traction.” That culture, growth and mission were externally “validated by the €120 million… Read More

October 18, 2022 @ 8:05 am By Omar Faridi  |  

New crypto protocols are increasingly focused on platform security from their onset, “knowing that trust is key to standing out and building critical momentum at launch,” according to an update from Anchorage Digital. It should come as no surprise, then, that they “are increasingly partnering… Read More

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