Global

December 18, 2024 @ 12:00 pm By Omar Faridi  |  

Sumsub is announcing its partnership with Darkex, a blockchain platform renowned for its commitment to trust and security. This collab sets a benchmark for user experiences and compliance in the blockchain space. Sumsub will equip Darkex with verification and anti-money laundering (AML) capabilities, ensuring fast onboarding;… Read More

December 18, 2024 @ 10:03 am By JD Alois  |  

The UK Payment Systems Regulator (PSR) has published a report on Authorized Push Payment (APP) scams and how to avoid them. In brief, a fraudster pilfers money illicitly when it tricks targets into sending money to its account. The trick is presenting what looks like… Read More

December 18, 2024 @ 8:57 am By Omar Faridi  |  

KPMG UK has commented on the recently released UK GDP data. Yael Selfin, Chief Economist at KPMG UK, noted: “GDP growth stalls amid growing uncertainty. GDP growth remained disappointing, showing no progress for five consecutive months, due to weaker activity across a broad swathe of the… Read More

December 18, 2024 @ 8:04 am By Omar Faridi  |  

Raisin, a platform for savings and investments, has partnered with open banking Fintech Salt Edge to strengthen its compliance with UK regulations, ensuring secure financial solutions for clients. Raisin operates across the European Union, UK, and US, offering customers access to “competitive” interest rates and… Read More

December 18, 2024 @ 8:02 am By Omar Faridi  |  

Retail investors are optimistic that the bull market will continue throughout next year, with Amazon emerging as the most “popular” stock among the ‘Magnificent 7’, according to the Retail Investor Beat from trading and investing platform eToro. The research study, shared by eToro, which surveyed… Read More

December 18, 2024 @ 7:56 am By Omar Faridi  |  

Tether, which claims to be the largest digital asset companies in the world (as well as being one of the most profitable), has invested in StablR, the European stablecoin provider. Tether’s investment into StablR signals its commitment to the European market and its support for… Read More

December 17, 2024 @ 11:42 pm By Omar Faridi  |  

As part of its ongoing commitment to supporting the Ukrainian community, global fintech company Revolut has announced that its app is now available in the Ukrainian language. This move comes around two years after Revolut started offering payment services to refugees fleeing Ukraine and the… Read More

December 17, 2024 @ 9:19 pm By Omar Faridi  |  

Talos, the provider of institutional trading and portfolio technology for digital assets, has partnered with Crypto Risk Metrics to provide Talos’s regulated clients with ESG data to meet their sustainability disclosure requirements under the EU’s MiCA (Markets in Crypto Assets) Regulation. With the entry into… Read More

December 17, 2024 @ 9:18 pm By Omar Faridi  |  

OKX has partnered with Kemet Trading, the digital asset derivatives trading platform for institutions, in order to provide clients with access to Kemet’s derivative trading infrastructure. The collaboration now reportedly provides institutional clients with Kemet’s position, risk and portfolio management capabilities. As institutional participation continues… Read More

December 17, 2024 @ 5:48 pm By Omar Faridi  |  

FinCrime Dynamics reports that it secured seed funding to improve financial crime prevention processes with AI and synthetic data. More than 3 million cases of fraud are reported in the UK every year, shockingly it accounts for “nearly 40% of all reported crime.” To tackle… Read More

December 17, 2024 @ 5:47 pm By Omar Faridi  |  

Visa (NYSE: V) says that with Visa Direct, funds transferred to U.S. bank accounts will be available within 1 minute or less starting in April 2025. Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in… Read More

December 17, 2024 @ 4:49 pm By Omar Faridi  |  

Ripple, the provider of digital asset infrastructure for financial institutions,  announced that Ripple USD (RLUSD) will be available on global exchanges starting, December 17, 2024. RLUSD is described as an “enterprise-grade,” USD-denominated stablecoin created with trust, utility, and compliance at its core, backed by Ripple’s… Read More

December 17, 2024 @ 1:25 pm By Omar Faridi  |  

Digital identity verification is a term that is evolving and often given different definitions, according to an update from Juniper Research. Juniper Research considers digital identity to be defined more formally as follows: ‘A digital representation of an entity; this can be one or more… Read More

December 17, 2024 @ 11:17 am By Omar Faridi  |  

Dark web threads discussing crypto-drainers – malware designed to drain cryptocurrency wallets – saw a rise in 2024, as revealed by the Kaspersky Security Bulletin. Kaspersky reported a “40% spike” in corporate database ads on a prominent dark web forum, highlighting cybercriminals’ “growing focus on… Read More

December 17, 2024 @ 11:00 am By JD Alois  |  

Morgan Stanley (NYSE:MS) has decided to partner with Wise (LSE:WISE) to improve international transfers. Wise is a UK-based Fintech or neobank that started as a low-cost provider of payments and transfers and now offers additional banking features. Morgan Stanley is a prominent investment bank and… Read More

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