Global

January 17, 2025 @ 3:34 pm By JD Alois  |  

Upstream, “a stock exchange for digital securities,” says it is now accepting Tethere – USDT or USDC dollar-based stablecoins. USDT os the largest stablecoin by market cap at $137.5 billion. USDC is the second largest. Upstream is part of MERJ, a regulated stock exchange based… Read More

January 17, 2025 @ 1:39 pm By Omar Faridi  |  

Over one-third of UK adults say they have £25,000 or more in cash savings, according to research from Starling Bank, and it seems that “putting money aside for life goals is the key to building up a savings pile.” Starling Bank noted that 36% of… Read More

January 17, 2025 @ 11:47 am By Omar Faridi  |  

Airwallex announced several milestones in its global expansion strategy: securing a payment institution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder. With these two licenses secured,… Read More

January 17, 2025 @ 11:24 am By JD Alois  |  

MiCA, or markets in crypto markets regulation, aims to create bright-line rules in Europe to enable digital asset innovation. While not regulating digital securities, MiCA covers just about everything else, including stablecoin regulation. The EU wants to encourage the development of new products and services… Read More

January 17, 2025 @ 10:26 am By Omar Faridi  |  

Yael Selfin, Chief Economist at KPMG UK noted that the UK economy emerges from downturn while “risks of further headwinds rise.” Yael Selfin from KPMG also mentioned the UK GDP returned to growth after two consecutive months of decline, with “growth potentially accelerating in 2025.” They… Read More

January 17, 2025 @ 10:17 am By JD Alois  |  

Estateguru, an online investment platform for small loans, said that investors received over €36 million in repayments during Q4 of 2024. This includes both principal and interest, with €3 million earned as interest by investors. During the quarter, investors funded €20.6 million in loans, each… Read More

January 17, 2025 @ 7:39 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) reported “record-breaking” enforcement actions in 2024, while the value of fines issued by the Financial Conduct Authority (FCA) more than tripled year-on-year, according to SteelEye’s annual fine tracker. To create its annual… Read More

January 17, 2025 @ 7:37 am By Omar Faridi  |  

PensionBee, a firm focused on the consumer retirement market, has launched its new Climate Plan that sets a “clear” standard for climate-focused pensions. UK’s PensionBee explained that this plan not only excludes fossil fuel producers but also “commits to continually reducing the total intensity of… Read More

January 17, 2025 @ 7:36 am By Omar Faridi  |  

LendInvest Mortgages (LSE: LINV), a fintech platform dedicated to specialised lending, has announced the release of a suite of new and enhanced products designed to better serve the diverse needs of today’s borrowers. Recognizing that not all borrowers fit the traditional lending mold, these updates… Read More

January 16, 2025 @ 7:02 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is partnering with Northeastern University in Vancouver to accelerate cybersecurity innovation and expand Canada’s technology workforce. Through 715,000 CAD, the collab will establish the Mastercard Professorship Fund and the Mastercard Vancouver Scholarship, initiatives designed to advance research and create “opportunities for women, BIPOC… Read More

January 16, 2025 @ 7:01 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for client lifecycle management (CLM), know your customer (KYC) and transaction monitoring, announced  the findings of its report on financial institution enforcement actions. Global regulatory fines in 2024 saw a decline in value from “$6.57 billion in 2023 to… Read More

January 16, 2025 @ 7:00 pm By Omar Faridi  |  

Mini Apps are putting the power of the growing World Network community on “full display.” As noted in a blog post, there are currently more than 22 million people on World Network, including 10,247,382 verified humans. As of January 2025, Mini Apps were seeing as… Read More

January 16, 2025 @ 5:15 pm By Omar Faridi  |  

TransUnion (NYSE: TRU) latest research finds “shifting preferences” in communication channels and increased investments in AI tools Utilizing data to drive the right approach in a rapidly changing environment is becoming “more impactful to recovery and collections performance than ever.” Those that do will be… Read More

January 16, 2025 @ 1:43 pm By Omar Faridi  |  

From a 7-year low in dealmaking to M&A gaining steam, industry researchers break down key changes in the fintech landscape using CBInsights data. Fintech funding and dealmaking declined again year-over-year (YoY) in 2024, hitting their “lowest levels in 7 years,” the report from CBInsights revealed…. Read More

January 16, 2025 @ 12:00 pm By JD Alois  |  

Blackrock (NASDAQ:BLK), the world’s largest asset manager, reported over $11.6 trillion in assets as of the fourth quarter – a record amount. The growth in assets fueled a rise in earnings of $1.67 billion, or an EPS of $10.63, from $1.38 billion, or an EPS… Read More

January 16, 2025 @ 11:01 am By Omar Faridi  |  

CoinGecko noted in a report that Bitcoin’s fourth halving in 2024 marked the start of the cryptocurrency market’s fourth bull cycle, though “not in ways many had anticipated.” CoinGecko pointed out that the web3 and digital assets market’s momentum was significantly driven by macroeconomic policy… Read More

January 16, 2025 @ 10:57 am By Omar Faridi  |  

In the Web3 space, new tokens are constantly emerging, the team at CertiK noted while pointing out that these new tokens may not be safe and could pose certain (serious) risks for holders and traders. CertiK revealed that in the past few months, their security… Read More

January 16, 2025 @ 9:11 am By Omar Faridi  |  

European investment platform Bondora noted recently that the year 2024 ended with growth. According to a blog post by Bondora, December marked another month of sustainable increases, with loans issued by Bondora AS, part of the Bondora Group, increasing by “11.2% month-on-month, reaching a total… Read More

January 16, 2025 @ 8:17 am By Omar Faridi  |  

Ares Management Corporation (NYSE: ARES), a global alternative investment manager, announced today the final closing of its sixth commingled European direct lending fund, Ares Capital Europe VI. With total commitments of €17.1 billion, the Fund closed above its €15 billion target and reached its hard… Read More

January 16, 2025 @ 8:15 am By Omar Faridi  |  

DARAG Group, a legacy acquirer with a focus on the European and UK market, and wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of wefox Group, announced the transfer of a run-off “portfolio including Motor Damage and Third Party Liability, Private Liability and Property business across… Read More