Global

December 5, 2024 @ 10:30 am By Omar Faridi  |  

  Trent Sorbe, Chief Payments Officer at First International Bank & Trust (FIBT), has shared key insights with CI. Kotapay, a division of First International Bank & Trust (FIBT), has launched Kavinu, a direct-to-bank BaaS platform that eliminates the “instability of middleware-reliant models.” By re-centering… Read More

December 5, 2024 @ 10:15 am By Omar Faridi  |  

Kaspersky’s detection systems have reportedly discovered an average of 467,000 malicious files per day in 2024, marking a “14% increase” compared to the previous year. Certain types of threats saw significant growth with experts “reporting a 33% surge in Trojan detections compared to 2023.” These… Read More

December 5, 2024 @ 8:34 am By Omar Faridi  |  

NatWest Group is reportedly set to launch its Fintech Growth Program, an opportunity for fintech startups to use the resources, expertise and networks of a high-street bank to help them scale-up in a sustainable manner. The program reportedly supports NatWest’s goal of leading the future… Read More

December 5, 2024 @ 8:04 am By Omar Faridi  |  

The cryptocurrency market is rising after several seemingly important development such as the appointment of a new SEC Chair Paul Atkins (a former SEC Commissioner). Bitcoin has finally surpassed the $100,000 mark and continues to reach new highs along with other key BTC ecosystem developments…. Read More

December 5, 2024 @ 7:31 am By Omar Faridi  |  

Triton Debt Opportunities (TDO), the opportunistic credit arm of European investment firm Triton, announced the final close of its third fund (TDO III) in excess of its €1 billion fundraising target. TDO III is 40 percent larger than its predecessor fund, which closed “at €744… Read More

December 4, 2024 @ 11:05 pm By Omar Faridi  |  

Japanese publicly listed firm Metaplanet reportedly aims to secure $62 million for acquiring more Bitcoin with its current holdings sitting at a substantial 1,142 BTC. If Metaplanet succeeds in its plans by securing the funds required, it will then proceed to purchase around 652 more… Read More

December 4, 2024 @ 11:04 pm By Omar Faridi  |  

cheqd, a “decentralized” payment and trust infrastructure provider, has announced a partnership with ID Crypt Global, a digital identity and security company, to integrate identity and security solutions into Apex Digital Exchange (ADEX), a key player in the decentralized finance (DeFi) space. This collab is… Read More

December 4, 2024 @ 11:02 pm By Omar Faridi  |  

When it comes to cybercriminals and threat vectors, “expect the unexpected.” Experian’s Data Breach Industry Forecast noted while sharing key predictions for 2025 covering a range of potential trends with AI at the forefront including growing sources of threats such as “AI-savvy teens and fresh… Read More

December 4, 2024 @ 4:26 pm By Omar Faridi  |  

PwC announced a collaboration agreement with Amazon Web Services (AWS) to help drive innovation using the advancements in cloud and generative AI (GenAI) services. The collaboration will now aim to bring together PwC’s industry insights with AWS’ GenAI services, including Amazon Bedrock, which offers a… Read More

December 4, 2024 @ 4:07 pm By Omar Faridi  |  

Circle has introduced Event Monitoring for its Smart Contract Platform. According to Circle, this feature allows developers to: Subscribe to events emitted on Ethereum Virtual Machine (EVM) blockchains Receive real-time notifications via webhooks Take programmatic action based on these events. Circle added that with Event… Read More

December 4, 2024 @ 10:10 am By JD Alois  |  

Rezolve Ai (NASDAQ: RZLV), a small-cap AI firm that infuses AI within the e-commerce process, is partnering with Tether on retail payments. Tether is the largest stablecoin issuer in the world, and its dollar-based digital asset, USDT, has a market cap of over $135 billion. Rezolve… Read More

December 4, 2024 @ 9:50 am By Omar Faridi  |  

Weavr’s whitepaper, titled “Flexible benefits cards: Employee choice, business control”, highlights the impact that fintech, and embedded finance in particular, is having on business applications, such as those utilized by HR teams for employee benefits schemes. The latest report shared by Weavr has found that… Read More

December 4, 2024 @ 9:48 am By Omar Faridi  |  

From Black Friday through Cyber Monday (BFCM), Stripe reportedly processed 465 million transactions with a total payment volume of over $31 billion. Stripe claims that it was the “largest ever” four-day period on Stripe. Stripe’s public microsite and custom BFCM machine tracked results in real-time,… Read More

December 4, 2024 @ 8:43 am By Omar Faridi  |  

Payment firms are said to be one of the fastest growing customer segments on the Fireblocks Network, with their number reportedly doubling within a year as the share of stablecoins continues to expand steadily. During the last year, Fireblocks claims that it has processed $3… Read More

December 4, 2024 @ 8:40 am By Omar Faridi  |  

Republic, a global online investing platform, will reportedly build Sui Launchpad, a new iteration of its launchpad platform that will enable companies to create utility tokens. Republic is the largest online investment platform in the world, providing opportunities for both retail and sophisticated investors across a spectrum of… Read More

December 4, 2024 @ 8:29 am By Omar Faridi  |  

MORS Software, a firm focused on Treasury, ALM and Liquidity Risk Management solutions, is pleased to announce its latest partnership with Monument Bank, a digital bank based in the United Kingdom. This collaboration signifies Monument Bank’s adoption of MORS Treasury Management System, a solution designed… Read More

December 4, 2024 @ 8:22 am By JD Alois  |  

Birchal, the leading securities crowdfunding platform in Australia (crowd-sourced funding in Aussie) has revealed its first partnership with an outside investor to fund a startup that is listed on its marketplace. Professional investors like VCs or Angels can provide important signalling for retail investors about… Read More

December 3, 2024 @ 11:47 pm By Omar Faridi  |  

The Lloyds Business Barometer has recently found that UK business confidence fell in November, with the index reportedly sliding three points to 41%. Above the long-term average of 29%, the notable change followed a period of sustained “positivity” from UK based businesses, as confidence reached… Read More

December 3, 2024 @ 10:51 pm By Omar Faridi  |  

KPMG UK has joined FinTech Scotland, the cluster management organization for fintech in Scotland. The organizations will work together to help foster innovation, accelerate growth and drive tech adoption “within the Scottish financial technology sector.” KPMG UK’s commitment adds expertise to Fintech Scotland’s cluster continuing… Read More

December 3, 2024 @ 9:45 pm By Omar Faridi  |  

Finfare Inc., a Fintech focused on expense management, is marking its three-years of business operations with a brand refresh and several industry updates/milestones. According to the update shared with CI, the brand revamp reflects the company’s evolution and its commitment to its mission to transform… Read More