Global

December 7, 2024 @ 2:29 pm By Omar Faridi  |  

World Network claims that it is scaling steadily, and its growth is having a considerable impact on the “success” of Mini Apps developers. Launches in countries like Brazil have seen global World ID verifications “top 8 million” (8,590,580 as of this writing), while the launch… Read More

December 7, 2024 @ 2:28 pm By Omar Faridi  |  

Entrust, a global enabler of trusted payments, identities, and data security, announces a partnership with PetProov, an online platform that verifies pet buyers, breeders, and adopters. The collab will equip the PetProov platform with the Entrust Onfido identity verification (IDV) to bring “transparency, accountability, and… Read More

December 7, 2024 @ 2:27 pm By Omar Faridi  |  

Alkami Technology, Inc. (Nasdaq: ALKT), a cloud-based digital banking solutions provider for financial institutions in the U.S., announced the latest innovation in its Data & Marketing Solutions platform. With this enhancement, Alkami has strengthened its behavioral data tag suite to empower financial institutions with deeper… Read More

December 7, 2024 @ 2:22 pm By Omar Faridi  |  

At Plaid, they’re seeing a renewed interest in businesses expanding into Europe from the United States and from the US into Europe, as “demand for online finance continues to grow.” Nearly nine in ten consumers use fintech tools, according to Plaid’s The Fintech Effect report,… Read More

December 7, 2024 @ 2:20 pm By Tony Zerucha  |  

Political turbulence in Europe and Asia is driving renewed focus on decentralized, non-government-backed currencies like Bitcoin. That is one reason why deVere Group CEO Nigel Green sees the cryptocurrency’s value topping $120,000 in the coming months. Green made the comments in the wake of a… Read More

December 7, 2024 @ 2:18 pm By Tony Zerucha  |  

Blockchain Coinvestors, a blockchain venture fund-of-funds and co-investment program with a combined portfolio of more than 1,250 such enterprises and projects (including more than 110 blockchain unicorns) this week unveiled its bi-annual Meet the Blockchain Unicorns, a comprehensive list of unicorns – including private enterprises… Read More

December 7, 2024 @ 2:16 pm By Omar Faridi  |  

Betterment at Work, a provider of modern, scalable 401(k)s for growing businesses, released the fourth installment of its annual survey on the state of retirement readiness and financial benefits across the U.S. workforce. Betterment’s 2024 Retirement Readiness Report, which examines data from 1,000 full-time U.S…. Read More

December 7, 2024 @ 12:06 pm By Omar Faridi  |  

PrimaryBid, the capital markets technology platform, has facilitated the placing of over £125 million of new investor capital into UK Treasury Bills since launching its Retail Eligible Debt Capital Market Service earlier in 2024. This marks an evolution in UK investor access to products that… Read More

December 7, 2024 @ 12:04 pm By Omar Faridi  |  

SoFi (NASDAQ: SOFI), a firm focused on digital financial services that helps members borrow, save, spend, invest and protect their money, announced access to new private market funds via a relationship with Templum, which operates Templum One, a platform for transacting in private alternatives: The Cosmos… Read More

December 6, 2024 @ 10:08 pm By Michael Wong  |  

Seven crowdfunding and donation platforms in the Netherlands have agreed to provide clearer information about the fees they charge, following action by the Dutch consumer authority ACM. The platforms—Doneeractie, Doneerveilig, Geef.nl, Getfunded, GoFundMe, Steunactie, and Whydonate—will improve transparency around deductions, including value-added tax (VAT), to… Read More

December 6, 2024 @ 12:10 pm By Omar Faridi  |  

Bergos, the independent Swiss Private Bank, is pleased to announce its partnership with Sygnum Bank, a global banking group for digital assets. This collaboration provides the Zurich-based Private Bank’s clients with  access to “regulated trading and secure custody of cryptocurrencies.” The range of tradable cryptocurrencies… Read More

December 6, 2024 @ 12:08 pm By Omar Faridi  |  

Research from Xero, the small business platform, has found leaders of the UK’s smallest businesses (1-9 employees) and sole traders spend less than half (46%) of the working week on their core jobs. According to the report from Xero, these businesses effectively aren’t starting work… Read More

December 6, 2024 @ 11:46 am By JD Alois  |  

Webull has garnered some unwanted attention from the US House Select Committee on the Chinese Communist Party, according to a report. Webull is regulated in the US as a broker-dealer. Webull is controlled by China-based holding company Hunan Fumi Information Technology, and its US operations are headquartered in… Read More

December 6, 2024 @ 10:53 am By JD Alois  |  

SaveLend Group, an online lender, is reporting that its current savings products are generating average accumulated net return before tax of 6.93% for Balanced and 7.51% for Yield. SaveLend launched these products in May 2023, seeking to improve the customer experience by offering more savings… Read More

December 6, 2024 @ 10:44 am By JD Alois  |  

CoinShares (Nasdaq Stockholm: CS) (OTCQX: CNSRF) is reporting that its CoinShares Physical Bitcoin ETP (ticker: BITC; ISIN: GB00BLD4ZL17) is now the top European Bitcoin physical exchange-traded product (ETP) by assets under management (AUM). Morningstar shows that BITC currently holds almost $1.5 billion in Bitcoin. CoinShares… Read More

December 6, 2024 @ 9:02 am By Omar Faridi  |  

UK Finance released its Household Finance Review for Q3 2024, which explores trends in household spending, saving, and borrowing. According to the update from UK Finance, mortgage lending grew for the second successive quarter, rising by “15 per cent year-on-year, despite the continuing affordability challenges… Read More

December 6, 2024 @ 8:59 am By Omar Faridi  |  

Clear Street, a cloud-native financial technology firm on a mission to enhance the brokerage ecosystem, announced the launch of Clear Street UK, following recent Financial Conduct Authority (FCA) approval. Clear Street UK was reportedly approved as a Category 1, Ring-dealing member by the London Metal… Read More

December 6, 2024 @ 8:53 am By Omar Faridi  |  

Mambu, a cloud banking platform, announced the acquisition of Numeral, a French payment technology provider for banks and fintechs. The acquisition reportedly aims to strengthen Mambu’s position as a key industry player in a move that underscores market confidence and “demand for modern financial experiences.”… Read More

December 6, 2024 @ 8:51 am By Omar Faridi  |  

Digital bank Zopa reports that it has raised just more than €80 million (GBP £68 million) in an equity funding round that has been led by A.P. Moller Holding, along with participation from existing investors. A.P. Moller Holding is reportedly one of the largest direct… Read More

December 5, 2024 @ 9:18 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the financial services industry, issued its Systemic Risk Barometer Survey results, identifying Geopolitical Risks, Cyber Risk, U.S. Political Uncertainty and U.S. Presidential Election Outcome, Inflation and U.S. Economic Slowdown as the “top five… Read More