Global

November 30, 2024 @ 1:59 pm By Omar Faridi  |  

European Fintech firm Solaris in reportedly seeking additional funding to maintain its operations. The German banking-as-a-Service (BaaS) platform is said to looking for an emergency capital injection of £100 million. Solaris reportedly aims to put its business up for sale should it fail to acquire… Read More

November 30, 2024 @ 1:53 pm By Omar Faridi  |  

The latest 2024 Cyber Risk Index from Embroker reportedly shows coverage confidence increase, even as startups fear AI’s (artificial intelligence) shadow. Embroker‘s 2024 Cyber Risk Index is focused on revealing how founders are approaching cyber risk and “how they feel about coverage.” As cyberattacks continue… Read More

November 30, 2024 @ 1:12 pm By Omar Faridi  |  

dLocal, the cross-border payment platform specializing in high-growth markets, marks a regulatory milestone by becoming a certified Payment Initiation Service Provider (PISP) in Brazil, authorized by the Central Bank. This certification enables dLocal to facilitate Pix payments directly within the Open Finance ecosystem, enhancing the… Read More

November 30, 2024 @ 12:09 pm By Omar Faridi  |  

Copper, a digital asset custody, collateral management, and prime services provider, has partnered with Marinade Finance, a self-custodial automation tool for Solana staking that helps SOL holders find the highest staking rate on Solana. This strategic partnership integrates Copper’s infrastructure “with Marinade Finance, one of… Read More

November 30, 2024 @ 11:06 am By Omar Faridi  |  

The European Commission (EC) adopted rules for the core functionalities and certification of the European Digital Identity (eID) Wallets under the European Digital Identity Framework. As noted in the update shared by the EC, this is considered to be a major step towards Member States… Read More

November 30, 2024 @ 9:05 am By Omar Faridi  |  

The European Central Bank (ECB) and Norges Bank signed an agreement for Norway to join the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. This will reportdly make the Norwegian krone the fourth currency available for settlement in TIPS, along with the euro, the Swedish krona… Read More

November 30, 2024 @ 9:02 am By Tony Zerucha  |  

This week, Partior, a blockchain-based Fintech for real-time clearing and settlement, announced that Deutsche Bank joined its Series B funding round as a strategic investor, bringing the total investment to $80 million. The funds are earmarked for product development and geographical expansion. This marks the close… Read More

November 30, 2024 @ 8:59 am By Omar Faridi  |  

A total of 984 venture capital funding deals were announced in India during January-October 2024 which was a YoY improvement of 5.8% in deal volume. This, according to an update from GlobalData. Notably, the total disclosed funding value of these deals in India surged by… Read More

November 29, 2024 @ 1:33 pm By Omar Faridi  |  

The UK’s Competition and Markets Authority (CMA) letter to Monzo focuses on issues related to the digital bank allegedly breaching Parts 3, 7, 8 and 12 of the Retail Banking Order. CMA finds breaches of Parts 3, 7, 8 and 12 of the Retail Banking… Read More

November 29, 2024 @ 1:14 pm By Omar Faridi  |  

Min Teo, Managing partner and co-founder at Ethereal Ventures (previously investments at Consensys) noted that they are pleased to be working with the team at Bleap App. Bleap enables users to connect their Web3 wallet to their pre-paid debit card with a “seamless” mobile-first neobank… Read More

November 29, 2024 @ 1:03 pm By Omar Faridi  |  

Labor violations, unlawful money lending, consumer protection violations and cybercrime are becoming as common as “bloated waistlines,” and “unwanted presents” during the holiday season as recorded instances across these categories surge in the last three months of the year. This, according to historical analysis by… Read More

November 29, 2024 @ 10:25 am By JD Alois  |  

Crypto exchange Bitstamp is partnering with LTP to provide liquidity and credit solutions for institutional-grade crypto trading. LTP is a prime brokerage that serves sophisticated investors in accessing liquidity, along with speed and efficiency. LTP believes the partnership will enhance liquidity for its clients while… Read More

November 29, 2024 @ 9:27 am By Omar Faridi  |  

At Tether, they have claimed to be dedicated to fostering a “robust” and innovative blockchain ecosystem for all Tether tokens that they issue. To fulfill this commitment, Tether has stated it is continuously assessing its stablecoin offerings, ensuring a balance between “maintainability” and usage while prioritizing… Read More

November 29, 2024 @ 8:41 am By Omar Faridi  |  

Global fintech SumUp, which claims to be one of the fastest-growing fintech companies, has achieved a key milestone by reportedly processing more than 1 billion transactions on an annual basis. The milestone is said to mark a significant moment in the company’s journey of helping… Read More

November 29, 2024 @ 8:33 am By Omar Faridi  |  

Investment platform Lightyear announces that it received direct authorization from the Financial Conduct Authority (FCA) earlier this year, and will be relaunching for consumers and businesses in the UK, with FSCS protection, ISAs and more. Lightyear has been regulated in the UK as an appointed… Read More

November 29, 2024 @ 8:30 am By Omar Faridi  |  

Rarimo, a zero-knowledge (ZK) identity protocol, has announced the closing of a $2.5 million strategic funding round, with investors including Ethereum co-founder Vitalik Buterin and other key web3 founders. Referred to as the Vision Round, this founder-only raise was designed to course-correct the current direction… Read More

November 29, 2024 @ 8:29 am By Omar Faridi  |  

NordVPN has shared insights on “unmasking” dark web deals. The team at NordVPN have looked at what tools and scams are trending among hackers this holiday / shopping season. According to the update, dark-minded hackers are able to find scam and phishing kits as well… Read More

November 28, 2024 @ 1:40 pm By Omar Faridi  |  

Commonwealth Bank of Australia (CBA) has outlined how artificial intelligence is helping to transform the experiences it delivers to its 10 million-plus customers. At a key update in Sydney, the CBA reportedly showcased the role technology and AI are playing in delivering a number of… Read More

November 28, 2024 @ 12:32 pm By Omar Faridi  |  

Estateguru noted that a new law expands options for Estonian investors to use investment accounts for crowdfunding. According to a blog post by Estateguru, the legislative amendment passed in the Estonian Parliament last week will now allow the “use of investment account funds for crowdfunding.”… Read More

November 28, 2024 @ 11:21 am By Omar Faridi  |  

Organizations must prepare for the growing risk of unplanned technology outage events, driven by a rise in cloud service provider outages and an increased frequency of industry-wide Single Point of Failure events, CyberCube has cautioned. CyberCube, a provider of advanced cyber risk analytics, stated in… Read More