Global

October 8, 2024 @ 8:25 am By Omar Faridi  |  

Fidelity International, Mercer, Penny and Pension Lab have reportedly joined the industry coalition of “potential” operators of commercial pensions dashboards, working with government and regulators in order help support the launch of various dashboards for UK consumers. As explained in the update, dashboards provide consumers… Read More

October 8, 2024 @ 8:22 am By Omar Faridi  |  

Real-time cross-border payments are gaining significant momentum as global consumers increasingly rely on them for seamless transactions, according to a recent research study. Many consumers depend on them to send funds close ones, while others use them to purchase goods, underscoring their importance in the… Read More

October 8, 2024 @ 8:21 am By Omar Faridi  |  

Fintech Storfund has announced a partnership with TikTok Shop that will introduce the first fully embedded cash flow solution in a major US marketplace. This change is expected to benefit sellers on the social media app. Referred to as Daily Advance, the product should reportedly… Read More

October 8, 2024 @ 8:16 am By Omar Faridi  |  

iCapital, the fintech platform driving the alternative investment marketplace for the wealth management industry, announces that it has surpassed $200 billion in global platform assets. Increased demand for private market funds has led to this milestone and boosted the growth of client assets on iCapital’s… Read More

October 7, 2024 @ 6:38 pm By Omar Faridi  |  

Volante Technologies, a payments-as-a-service (PaaS) software provider, recently announced that it was recognized for providing Wholesale Payment Systems. According to Volante, payments modernization efforts will improve instant payments, cross-border payments, and extended data capacities, yet are bottlenecked by both educational shortcomings as well as regulatory challenges…. Read More

October 7, 2024 @ 6:26 pm By JD Alois  |  

Funding Circle US, previously part of Funding Circle UK, was acquired by iBusiness Funding LLC, part of Ready Capital (NYSE:RC), earlier this year. When the sale was announced, Funding Circle CEO Lisa Jacobs said,: “We are pleased to have reached an agreement with iBusiness Funding, one… Read More

October 7, 2024 @ 3:43 pm By Omar Faridi  |  

Robinhood Crypto, from Robinhood Markets (Nasdaq: HOOD), has recently launched cryptocurrency transfers across European markets. Robinhood Crypto customers residing in Europe are now able to deposit as well as withdraw 20+ cryptocurrencies, and will reportedly be able to earn a 1% deposit match for a… Read More

October 7, 2024 @ 3:20 pm By Omar Faridi  |  

Investment platform PeerBerry has shared its latest update for the month of September 2024. European investing platform PeerBerry notes that investors have reportedly funded €44.96 million worth loans in just the past month, which is actually 2% less than those reported in August. According to… Read More

October 7, 2024 @ 12:59 pm By Omar Faridi  |  

Ryan Lee, Chief Analyst at Bitget Research recently explained that Bitcoin (BTC), the flagship cryptocurrency, has grown steadily to become a major global asset, one whose market cap is impacted significantly by global events. For instance, Ryan Lee of Bitget Research, noted that the ongoing… Read More

October 7, 2024 @ 12:12 pm By Omar Faridi  |  

Coinbase Global Inc. (NASDAQ:COIN) will reportedly delist all “unauthorized” stablecoins from its digital assets exchange in the European Economic Area by the end of this year. This could be a potential setback for digital tokens such as Tether’s USDT. As widely reported, the European Union… Read More

October 7, 2024 @ 9:26 am By Michael Wong  |  

Institutional investors and wealth managers are forecasting a significant increase in the launch of new digital asset funds this year, as traditional financial institutions show heightened interest in the sector, according to a report by London-based Nickel Digital Asset Management. The research indicates that approximately… Read More

October 7, 2024 @ 9:24 am By Omar Faridi  |  

Digital bank Revolut is reportedly calling for Facebook and Instagram’s owner Meta (NASDAQ:META) to share reimbursement of alleged fraud victims. UK-headquartered Revolut recently released their latest Consumer Security and Financial Crime Report. Revolut explained that the update has revealed that Meta platforms are identified as… Read More

October 7, 2024 @ 9:21 am By Omar Faridi  |  

Sygnum is launching a web3 wallet recovery module built on Safe via the Safe{RecoveryHub}. According to Sygnum Bank, this solution makes self-custody wallet recovery reliable and user-friendly. Given more than 900K ETH (USD 2.27 billion) estimated as inaccessible to users, and losses due to forgotten… Read More

October 7, 2024 @ 9:09 am By Omar Faridi  |  

Starling Bank‘s recent £29 million fine shows the true cost of “cutting corners” on digital ID verification, according to Regtech and Fintech industry professionals. As reported just last week, this past Wednesday 2nd October, the UK’s challenger bank Starling had been fined nearly £30 million… Read More

October 7, 2024 @ 8:45 am By Omar Faridi  |  

Backbase, the creator of the Engagement Banking Platform, marked the recent opening of its global headquarters at Oosterdoksstraat 114 in Amsterdam. According to the engagement banking Fintech firm, this move is more than just a change of address; it represents another significant step forward in… Read More

October 7, 2024 @ 8:42 am By Omar Faridi  |  

CCData has shared their latest Stablecoins & CBDCs Report which offers an analysis of some of the key developments surrounding the evolving stablecoins ecosystem and CBDCs or central bank digital currencies. In September of this year, the total market cap of stablecoins surged by a… Read More

October 6, 2024 @ 6:29 pm By Omar Faridi  |  

PitchBook has shared an extensive update that takes a closer look at European Unicorns (firms / startups valued at $1 billion or more). PitchBook recently shared the following key insights and takeaways from their comprehensive research report: Critical / important questions emerge, as 54% of… Read More

October 6, 2024 @ 6:23 pm By Omar Faridi  |  

SlowMist has shared its latest 2024 Q3 MistTrack Stolen Funds Analysis. Every day, SlowMist / MistTrack claims that it receives numerous requests for assistance from victims seeking help in tracking and recovering stolen/lost funds. According to the update, these cases often involve significant funds, with… Read More

October 6, 2024 @ 6:21 pm By Omar Faridi  |  

In the second edition of “Stablecoin Policy 101,” digital assets firm Paxos take a careful look at the landscape for stablecoin regulation in the United States, examining state versus federal regulation of stablecoin issuers as well as the overall impact each regulatory pathway has on… Read More

October 6, 2024 @ 2:44 pm By Tony Zerucha  |  

As the UK retailers gear up for this year’s Black Friday shopping spree, two of the country’s biggest e-commerce brands reveal how they are tackling the growing problem of customer dishonesty. Fashion retailer River Island and ticketing service Trainline are partnering with fraud prevention platform… Read More