Global

December 23, 2024 @ 11:48 am By Omar Faridi  |  

A review by the LSB (Lending Standards Board) of its registered firms’ application of the Standards of Lending Practice for business customers has identified 102 areas where action has been needed to “bring firms into compliance with the Standards’ requirements.” The LSB’s FCA-recognized Standards of… Read More

December 23, 2024 @ 11:11 am By Omar Faridi  |  

Wealthfront‘s new S&P 500 Direct portfolio combines the performance of the S&P 500 with the benefit of tax savings and is available for just 0.09% – the same price as the “most popular” ETF that tracks the S&P 500. Wealthfront, a tech-driven financial platform, announced… Read More

December 23, 2024 @ 10:42 am By Omar Faridi  |  

Bitso— the financial services company powered by crypto in Latin America—listed on its platform the “enterprise-grade” token Ripple USD (RLUSD), a stablecoin with “1:1 parity” with the US dollar, which will now aim to complement the stablecoin offer now available on Bitso throughout fast-growing region…. Read More

December 23, 2024 @ 7:58 am By Omar Faridi  |  

Santander has recently announced U.S. equity research alliances with Telsey Advisory Group and Vertical Research Partners. These alliances expand Santander Corporate and Investment Banking’s research capabilities in the United States, complementing the Group’s market position in Europe and Latin America. Santander Corporate & Investment Banking… Read More

December 23, 2024 @ 6:56 am By Omar Faridi  |  

KPMG in Germany and Merantix have entered a strategic partnership to accelerate innovation and capitalize on the growing adoption of artificial intelligence across the German and European market. The collab is anchored by KPMG’s investment in Merantix Capital’s AI Fund, which invests in and builds… Read More

December 22, 2024 @ 11:01 pm By Omar Faridi  |  

As 2024 comes to an end, investment platform Bondora has shared key highlights that made 2024 “unforgettable” for them. European investment platform Bondora noted in a blog post that this year was one for the books, and it’s all thanks to their investors, their credit… Read More

December 22, 2024 @ 5:07 pm By Omar Faridi  |  

The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have reportedly greenlighted the acquisition of Transfeera, a fintech that is specialized in various payment solutions for businesses, by PayRetailers, a payments processor. The latest transaction is said to be part… Read More

December 22, 2024 @ 2:59 pm By Omar Faridi  |  

The year 2024 marked another period of consolidation and strategic growth for Brazil’s digital banking platform Nubank (NYSE: NU). The firm surpassed 100 million customers and reaffirmed its prominent position in the market by expanding its presence in the “high-income segment, pursuing international growth” with a… Read More

December 22, 2024 @ 12:56 pm By Omar Faridi  |  

Independent Advisor Solutions Inc. —a wholly owned subsidiary of Wellington-Altus Financial Inc. —is pleased to announce a retail partnership with Apollo (NYSE: APO), a provider of alternative assets and retirement solutions. This latest collab aims to reinforce Independent Advisor Solutions’ dedication to forming deep relationships… Read More

December 22, 2024 @ 12:54 pm By Omar Faridi  |  

Obligate, the provider of blockchain-based capital markets infrastructure,  announced its go-live of private debt product listings on Archax, the UK-regulated digital asset platform. Via this partnership, Archax’s users can access digital debt securities issued on the Obligate infrastructure by firms from the traditional as well… Read More

December 22, 2024 @ 12:54 pm By Omar Faridi  |  

XTransfer, the B2B cross-border trade payments platform, and OCBC, the financial services group in SE Asia, have announced their latest partnership. OCBC China will now aim to leverage the OCBC Group’s regional network and resources in its major markets of Singapore, Hong Kong, Malaysia as… Read More

December 22, 2024 @ 12:50 pm By Omar Faridi  |  

Quai Network, a Layer 1 blockchain built for scalability and decentralized innovation, announces a partnership with Akash Network, a key player focused on decentralized cloud computing. This collab merges Quai’s “multi-shard” blockchain tech with Akash’s decentralized computing infrastructure to enhance blockchain performance, enable transaction efficiency,… Read More

December 22, 2024 @ 10:05 am By Michael Wong  |  

Israeli Fintech company Morning is set to be acquired by Italian software firm TeamSystem for an estimated $150 million, according to sources cited by CTech. The sale represents a major milestone for Morning, which is best known for its “Green Invoice” SaaS platform offering invoicing… Read More

December 21, 2024 @ 7:37 pm By Tony Zerucha  |  

A recent study by ApeX ranked the top ten countries leading in blockchain and cryptocurrency technology, with Singapore taking the lead as a global hub for innovation. The study evaluated countries using a composite index, which reflects blockchain development and adoption through three core metrics: blockchain patents,… Read More

December 21, 2024 @ 3:25 pm By Omar Faridi  |  

Bivial AG is pleased to announce the successful completion of its rebranding from Klarpay AG. According to Bivial AG, this latest transformation represents a “major” milestone in the company’s journey, aligning its identity with its vision to “become a global leader in comprehensive financial solutions… Read More

December 21, 2024 @ 3:11 pm By Omar Faridi  |  

Bank of Ireland clients reportedly spent more in 2024 on Black Friday to Cyber Monday weekend, up a substantial 4.7% on the past year, while spending by Bank of Ireland customers for the month of November 2024 was up as well by a significant 5.6%… Read More

December 21, 2024 @ 3:04 pm By Omar Faridi  |  

Tether, which claims to be the largest company in the digital asset industry with more than 350 million users, announced that it has entered into a definitive agreement to make a strategic investment of $775 million in Rumble (NASDAQ: RUM), a video-sharing platform and cloud… Read More

December 21, 2024 @ 3:02 pm By Omar Faridi  |  

The European Central Bank (ECB) has recently released the results of the latest study on the payment attitudes of consumers in the euro area. Despite the trend towards digital payments, the number of cash payments remains considerable this year, particularly for “small-value and person-to-person payments.”… Read More

December 21, 2024 @ 2:58 pm By Michael Wong  |  

Crypto derivatives platform Binance Futures has introduced the CGPT/USDT Perpetual Contract, highlighting the rising prominence of AI-focused cryptocurrencies in the digital asset landscape. The new offering allows traders to leverage ChainGPT token (CGPT) transactions up to 75x, with USDT as the settlement currency, adding to… Read More

December 21, 2024 @ 2:56 pm By Omar Faridi  |  

Animoca Brands Corporation Limited is pleased to report unaudited financial and business highlights for the 3 months ending on 30 June 2024 as well as the 3 months ending on 30 Sept 2024. Post this reporting period, Animoca Brand notes that as of the end… Read More