General News

March 3, 2022 @ 8:27 am By Omar Faridi  |  

Dr. Emin Gün Sirer has a “major beef” with the crypto economy: “It’s not growing fast enough.” As mentioned in an update shared by Mastercard, Dr. Sirer is an early crypto innovator who co-founded the blockchain startup Ava Labs with the goal of digitizing the… Read More

March 3, 2022 @ 8:25 am By Omar Faridi  |  

Goldman Sachs (NYSE: GS) is reportedly moving forward with its embedded finance plans. The investment bank’s collaboration with General Motors (GM) (NYSE: GM). This is the most recent step taken to capitalize on this growing Fintech trend. Goldman Sachs had taken over issuing the General… Read More

March 2, 2022 @ 6:17 pm By Omar Faridi  |  

Subspace Labs, the developer of Subspace Network, recently revealed that they have finalized a $32.9 million financing round that was led by Pantera Capital along with contributions from Coinbase Ventures, Crypto.com, Alameda Research, ConsenSys Mesh, and KR1. Other investors reportedly include: Hypersphere Ventures, Stratos Technologies,… Read More

March 2, 2022 @ 3:19 pm By Omar Faridi  |  

Most US consumers are in enough credit card debt and they might do anything to “go back in time and change the outcome of their financial situation,” according to research shared by Fintech firm TrueAccord. TrueAccord notes that a survey of 2,000 general population Americans… Read More

March 2, 2022 @ 3:02 pm By Omar Faridi  |  

The team at HMBradley reveals that they recently detected a cyberattack on their systems. In this type of attack, often referred to as a “credential stuffing attack”, the perpetrator attempts “to gain access to a customer’s account using login credentials illegally obtained from another source.”… Read More

March 2, 2022 @ 10:01 am By JD Alois  |  

The Ukraine government as well as other NGOs and media firms have utilized cryptocurrency to quickly, and instantly raise dearly needed funds as the Russian war against Ukraine devastate the country. Yesterday, CI reported that more than $36 million had been donated to Ukraine via… Read More

March 1, 2022 @ 3:34 pm By Omar Faridi  |  

Frost Bank, which is one of the largest banks based in Texas, has partnered with Plaid, a data network powering the digital financial ecosystem, in order to help Frost clients “securely and easily integrate their accounts and finances online.” Via its mobile app and online… Read More

March 1, 2022 @ 11:41 am By JD Alois  |  

As of today, over $36 million has been donated to various Ukrainian organizations, including directly to the Ukrainian government along with non-profits supporting efforts while unprovoked war rages with Russia. The Ukrainian government, The Return Alive Foundation, UkraineDAO, and Binance Charity’s Ukraine Emergency Fund lead… Read More

March 1, 2022 @ 9:48 am By JD Alois  |  

The British Business Bank has published its Small Business Finance Markets Report 2021/22.  According to the report, over £14  billion was invested in equity offerings during the first three quarters of 2021 – surpassing all of 2020. The British Business Bank is a development bank… Read More

March 1, 2022 @ 12:01 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), part of the University of Cambridge, has launched a new public-private collaboration involving banks, public agencies, and private organizations aiming to provide insight into the emerging digital asset ecosystem. The mission is to help guide public opinion, inform… Read More

February 28, 2022 @ 10:29 pm By JD Alois  |  

Invest Lithuania, the country’s Investment Promotion Agency supporting firms interested in tapping into the European market, has created a section of their website providing information for Ukrainians that are fleeing the war with Russia. Invest Lithuania states: “We would like to assure you that Lithuania… Read More

February 28, 2022 @ 3:11 pm By Omar Faridi  |  

Betterment at Work recently confirmed the introduction of its Student Loan Management solution, and that it has entered into an agreement to acquire the partner and customer relationships of Gradvisor, a platform that offers “personalized” college savings plans. These two product offerings are meant to… Read More

February 28, 2022 @ 2:52 pm By Omar Faridi  |  

The UK government’s Help to Grow scheme has seen “painfully slow” uptake from small businesses – “despite the current economic landscape leaving many of them in desperate need of support,” according to an update shared with CI. Mikkel Velin, Co-CEO of B2B embedded lending provider… Read More

February 28, 2022 @ 10:36 am By JD Alois  |  

The US Department of Treasury has issued a statement today following a flurry of international actions over the weekend that sought to cut off Russia from global markets while freezing assets of certain individuals and other entities. Treasury said the actions were taken following the… Read More

February 28, 2022 @ 10:16 am By JD Alois  |  

The not-for-profit group, the Financial Technology Association (FTA) has hired Tom Davis as Vice President of Membership and Development. According to a statement distributed by the FTA, Davis brings more than a decade of experience in directing, marketing, and developing membership-based organizations to his role… Read More

February 27, 2022 @ 9:39 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) notes that they have made enhancements to the SME Financing Guarantee Scheme. The Financial Secretary confirmed in the 2022-23 Budget today (23 February) that the application period for the 80% Guarantee Product, the 90% Guarantee Product and the Special… Read More

February 27, 2022 @ 4:43 pm By JD Alois  |  

While the humanitarian crisis grows in Ukraine and Russia’s unprovoked war rages on, the European Union (EU) announced that selected Russian banks have been removed from the SWIFT messaging system. While the names of the bank were not immediately available, any on the list will… Read More

February 26, 2022 @ 5:02 pm By JD Alois  |  

The Society for Worldwide Interbank Financial Telecommunication or SWIFT, is in the news quite a bit as of late as discussions are ongoing as to whether Russia should be disconnected from the platform following its unprovoked invasion of Ukraine and ongoing war terrorizing the country…. Read More

February 24, 2022 @ 3:49 pm By JD Alois  |  

Russia’s unprovoked attack on Ukraine has shocked the world. For weeks now, many have expected Russian forces to cross the border to occupy part or all of Ukraine while some thought threat of war was just posturing by Russian President Vladamir Putin. In recent hours… Read More

February 24, 2022 @ 11:12 am By JD Alois  |  

  As Russian President Vladimir Putin shocked the world with his horrific invasion of Ukraine, many nations enacted economic sanctions to punish the rogue country as Europe entered a state of war. Following Putin’s effective annexation of Donetsk and Luhansk (Donetsk and Luhansk People’s Republics… Read More