Global

December 12, 2024 @ 7:50 am By Omar Faridi  |  

Crypto industry firms Circle Internet Group Inc. and Binance have joined forces in a partnership announced at Abu Dhabi Finance Week that will expand adoption of USDC and support the development of the global digital assets and wider financial services ecosystem. With the growth and… Read More

December 12, 2024 @ 7:49 am By Omar Faridi  |  

Paxos, the regulated blockchain and tokenization infrastructure platform, has partnered with Standard Chartered to enhance Global Dollar (USDG) and Lift Dollar (USDL) reserve management. Through this collaboration, Standard Chartered will provide cash management, trading, and custody services, strengthening the infrastructure supporting the “trusted” digital assets… Read More

December 12, 2024 @ 7:48 am By Omar Faridi  |  

Finbee are reportedly expanding their service geography and launching their first set of services in Poland. Finbee revealed that they are now offering loans for small and medium-sized businesses (SMBs) for up to PLN 200,000 for “up to three years, without collateral.” Tomas Maciulaitis, CEO… Read More

December 11, 2024 @ 6:15 pm By JD Alois  |  

Birchal, an online investment platform based in Australia, says it has raised $2 million in just 29 hours. The self-crowdfunding round was backed by more than 800 investors. Birchal says its own round was the fastest this year and the largest as well. Birchal is… Read More

December 11, 2024 @ 6:00 pm By Omar Faridi  |  

Airwallex reported strong YoY growth across the APAC region as the global payments and financial operating platform for businesses. In Q3, Airwallex delivered an 83 percent revenue increase YoY and grew transaction volume by “49 percent YoY across the APAC region, as well as significant… Read More

December 11, 2024 @ 2:51 pm By Omar Faridi  |  

By the end of 2024, Bank of America (NYSE: BAC) corporate clients will have made over $1 Trillion in payment approvals on the bank’s CashPro App, the mobile app that firms use to manage treasury operations. This will represent a more than 25% year-over-year increase… Read More

December 11, 2024 @ 1:39 pm By Omar Faridi  |  

Consensys shared the findings of its opinion survey on crypto and web3, conducted online by online research data and analytics technology group YouGov. As a follow-up to the report from 2023, Consensys expanded the scope of the survey, reaching over 18,000 individuals aged 18-65. With… Read More

December 11, 2024 @ 1:38 pm By Omar Faridi  |  

Chainlink, which claims to be the standard for onchain finance, and Coinbase (NASDAQ:COIN) announced  that Coinbase’s Project Diamond—a digital asset platform for institutions—is adopting the Chainlink standard as infrastructure for powering the lifecycle management of tokenized assets. Peregrine, PSG Digital’s regulated business in the ADGM,… Read More

December 11, 2024 @ 10:38 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published a report on central bank digital currencies (CBDCs), more specifically, wholesale central bank Digital Currencies (wCBDCs), which may limit these digital assets to institutional use. While CBDCs continue to be debated and some jurisdictions are actively experimenting… Read More

December 11, 2024 @ 9:52 am By JD Alois  |  

Blink Payment says it is targeting late payments for construction contractors by partnering with Business Pilot. The company points to data that indicates that 74% of construction contractors are affected by late payments. The Fintech said it is integrating with the fitting industry enterprise resource… Read More

December 11, 2024 @ 8:12 am By Omar Faridi  |  

Wayne Pommen, Affirm’s (NASDAQ: AFRM) Chief Revenue Officer, noted that the holiday shopping season is here and for retailers, it’s “make-or-break time.” Pommen also mentioned in a blog post by Affirm that despite recent inflation and economic uncertainty, retail spending is expected to “stay strong.”… Read More

December 11, 2024 @ 7:37 am By Tony Zerucha  |  

A representative from digital identity platform SPACE ID believes the ECB’s [European Central Bank] work on the digital euro leaves plenty to be desired, especially regarding privacy. Alice Shikova made the comments following the release of the ECB’s second progress report. “The ECB’s second progress… Read More

December 11, 2024 @ 7:34 am By Omar Faridi  |  

Utila, the crypto operations platform and enterprise-grade MPC wallet provider, announced a partnership with Twinstake, an “institutional-grade,” non-custodial staking provider to offer TON staking solutions for institutions. This collab empowers institutional investors to participate in TON staking and generate yields on their digital assets. The… Read More

December 10, 2024 @ 10:19 pm By Tony Zerucha  |  

Hackers targeting hackers, vulnerable data centers, and AI-supported employee theft are among Experian’s predictions for the trends that will shape 2025. They are included in Experian’s twelfth annual Data Breach Industry Forecast. Today, cyber hacking and its results are not confined to grown-ups. According to the… Read More

December 10, 2024 @ 10:15 pm By Omar Faridi  |  

Lunar, the Nordic challenger bank, is taking a step to redefine payments for enterprises by over time transitioning its Banking Services division into a new standalone entity within Lunar Group: Moonrise. This move underscores Lunar’s commitment to scaling its operations and unlocking the immense potential… Read More

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

Five in 10 advisors surveyed now reportedly allocate more than 10% of client portfolios to alternative investments, with nine in 10 or 90% planning to boost allocations over next two years, according to an update shared by CAIS. Nine in 10 financial advisors surveyed (92%)… Read More

December 10, 2024 @ 10:08 pm By Omar Faridi  |  

Apollo (NYSE: APO) and Santander announced that Apollo-managed funds and affiliates have agreed to invest in an approximately $370 million portfolio of infrastructure credit. The transaction was led by Apterra, an affiliate of Apollo founded in 2023 that specializes in “financing solutions for infrastructure projects.”… Read More

December 10, 2024 @ 5:02 pm By Omar Faridi  |  

For the second year in a row, the Australian fintech landscape has seen a decline in the number of independent active fintech firms headquartered in Australia, with “a 7% fall between the 2023 and 2024” according to the KPMG Fintech Landscape. As foreshadowed in KPOM’s… Read More

December 10, 2024 @ 3:00 pm By JD Alois  |  

The team at the Cambridge Centre for Alternative Finance (CCAF), along with the WEF [World Economic Forum] and Max Planck Institute, have published a report on Artificial Intelligence (AI), claiming that Agentic AI is poised to revolutionize financial services. Agentic AI is tech that can… Read More

December 10, 2024 @ 12:01 pm By JD Alois  |  

The UKCFA (UK Crowdfunding Association) recently sent a letter to Tulip Siddiq, the Economic Secretary to the Treasury and City Minister, slamming the government for excessive regulations which are crippling the securities crowdfunding industry. It has been widely reported that Bruce Davis, Chair of the UKCFA,… Read More