Global

December 17, 2024 @ 7:35 am By Omar Faridi  |  

UK-headquartered virtual payments services provider Modulr has reportedly entered a contract with HMRC for the provision of Confirmation of Payee (CoP) services, which has been secured under the latest Open Banking Dynamic Purchasing System (DPS). As per the latest agreement, Modulr will aim to offer… Read More

December 17, 2024 @ 7:33 am By Omar Faridi  |  

Societe Generale announces the successful completion of a collateralized market transaction “fully” executed on blockchain via its subsidiary Societe Generale – FORGE. This is reportedly the first repo transaction (Sale and Repurchase Agreement) in digital securities (Security Tokens) with an Eurosystem’s central bank. As explained… Read More

December 17, 2024 @ 7:33 am By Omar Faridi  |  

BitGo, the digital asset custody and security platform trusted by institutions since 2013, today announced it has entered into an agreement with FTX Trading Ltd. and its affiliated debtors to assist in distributing recoveries to both retail and institutional customers in “supported jurisdictions in accordance… Read More

December 16, 2024 @ 5:17 pm By Omar Faridi  |  

PitchBook released their Quarterly Fintech M&A Review, which is tracking big bank M&A activity. PitchBook has shared informative and detailed insights on M&A by the 30 largest US banking institutions and by publicly traded fintech companies. Key takeaways shared by PitchBook from the report: Corporate… Read More

December 16, 2024 @ 5:16 pm By Omar Faridi  |  

Bitcoin (BTC), coined as “Magic Internet Money” is perhaps a “legitimate” investment asset alongside traditional assets such as stocks, commodities, and bonds. This, according to an update from CoinGecko. CoinGecko noted in its latest research report that from its returns over 10 years, Bitcoin (BTC)… Read More

December 16, 2024 @ 5:15 pm By Omar Faridi  |  

Uplink, a decentralized connectivity ecosystem for existing and new internet infrastructure, has announced an implementation on Avalanche, a Layer 1 blockchain and smart contracts platform. The decentralized physical infrastructure network (DePIN) Layer 1 project built on the Avalanche Blockchain, paves the way for “global decentralized… Read More

December 16, 2024 @ 12:40 pm By JD Alois  |  

OurCrowd revealed a new VC investment center in Abu Dhabi to manage deals for its platform while expanding its market back in late 2022.  At the same time, the investment platform announced an AI hub named Integrated Data Intelligence Ltd (IDI), which seeks to develop… Read More

December 16, 2024 @ 10:33 am By Omar Faridi  |  

equipifi, the Buy Now, Pay Later (BNPL) platform for financial institutions, announced its partnership with Synergent, a managed services provider and strategic host of Jack Henry Symitar core processing. As a result of this partnership, Synergent credit unions will be able to launch their own… Read More

December 16, 2024 @ 7:44 am By Omar Faridi  |  

BNP Paribas participated in Eurosystem trials of wholesale settlement DLT solution Eurosystem accelerates innovation and experiments wholesale settlement solutions for DLT transactions with BNP Paribas. BNP Paribas claims that it is at the forefront of financial innovation, testing all three solutions in the Eurosystem’s wholesale… Read More

December 16, 2024 @ 7:43 am By Omar Faridi  |  

The team at Robinhood (NASDAQ:HOOD) noted that 2024 was an important year for Robinhood Crypto—and for the entire crypto industry. As they mark the first year of the launch of Robinhood Crypto in Europe, they take a detailed look back at the milestones they’ve achieved together…. Read More

December 16, 2024 @ 7:42 am By Omar Faridi  |  

Bitget, a global cryptocurrency exchange, and Web3 company, is reportedly exploring the establishment of its Europe regional hub in Lithuania as part of its expansion in the European Union. The move aligns with the EU’s Markets in Crypto-Assets (MiCA) framework, which aims to provide a… Read More

December 15, 2024 @ 9:26 pm By Omar Faridi  |  

Although stablecoins like Tether’s USDT and Circle’s USDC offer considerable benefits to the financial system, addressing their misuse by illicit actors is of the “utmost importance,” according to an update from Chainalysis. Chainalysis explained that it serves a critical role in proactively “assisting in the… Read More

December 15, 2024 @ 6:36 pm By Omar Faridi  |  

A staggering 40% of Solana’s transaction volume is now driven by memecoins, according to an update shared with CI. And yet, the majority of these assets never even reach centralized exchanges (CEXs). Memecoins are increasingly bypassing CEXs altogether, launching and thriving in decentralized finance (DeFi)… Read More

December 15, 2024 @ 5:53 pm By Omar Faridi  |  

Sure has announced a partnership with CU Financial Group, LLC to launch SimpleQuote, a digital insurance solution enabling credit unions to offer their members seamless access to insurance. CUFG is a credit union service organization whose mission is to offer insurance products to credit union… Read More

December 15, 2024 @ 2:54 pm By Omar Faridi  |  

Bitpanda has announced the launch of Bitpanda Fusion, which is described as the newest addition to Bitpanda’s product range that supports active crypto traders. As explained in the announcement, Bitpanda Fusion is said to be the natural evolution of Bitpanda, expanding their suite of products… Read More

December 15, 2024 @ 1:50 pm By Omar Faridi  |  

Fenergo, a provider of AI-powered solutions for Know Your Customer (KYC), Anti-money laundering (AML) transaction monitoring, and Client Lifecycle Management (CLM), reports a profit before tax of “€12.6 million and a 20% increase in software license growth” in its financial results for the year ending… Read More

December 15, 2024 @ 11:31 am By Omar Faridi  |  

Card Industry Professionals – the Grimsby-based card payment solutions provider – has been acquired by Shift4, a US-based firm that is a global enabler of payments and commerce-enabling technology, listed on the New York Stock Exchange (NYSE:FOUR). The deal provides an exit for Mercia Ventures,… Read More

December 15, 2024 @ 10:42 am By Omar Faridi  |  

eBay and Klarna, the AI-powered global payments network and shopping assistant, have announced the expansion of their partnership to key European markets making Klarna’s Buy Now Pay Later (BNPL) payment options available to more eBay shoppers. The move gives eBay buyers more flexibility in how… Read More

December 15, 2024 @ 9:30 am By Michael Wong  |  

Decentralized Bitcoin mining protocol Prosper has acquired over 7,000 ASIC miners from BITMAIN and completed a strategic funding round backed by Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands, according to an announcement. The acquisitions and funding aim to expand Prosper’s institutional-grade Bitcoin hashrate capacity… Read More

December 15, 2024 @ 9:25 am By Omar Faridi  |  

Goose Valley Ventures (GVV), a FinTech-focused VC firm supporting  startups in the Nordic and Baltic regions, is pleased to announce its investment in Lithuanian FinTech Torus, an SaaS intelligence platform for banks and paytechs. With this investment, GVV underscores its commitment to backing startups that… Read More