Global

August 8, 2024 @ 10:41 am By Omar Faridi  |  

JP Morgan Payments announced an expanded relationship with PopID to deploy in-store biometric payments to pilot merchants across the United States. The pay-by-face biometric payment solution “allows shoppers to complete transactions more seamlessly, removing the need for customers to pull out their phones or credit cards.”… Read More

August 8, 2024 @ 8:16 am By JD Alois  |  

CapitalRise has originated a £6.3 million loan to facilitate a property in the heart of Mayfair. CapitalRise specializes in prime London real estate financing. This specific townhouse was originally built in 1736 and is a Grade II listed property encompassing 10,707sq.ft. The structury currently includes… Read More

August 8, 2024 @ 8:08 am By JD Alois  |  

Binance is reporting that it has reclaimed more than $73 million in funds pilfered by hacks. The Binance security team is said to have recovered the funds as of July 31st, topping the $55 million recovered in 2023. Binance touts that it has partnered with… Read More

August 8, 2024 @ 8:01 am By Omar Faridi  |  

ThinCats, which aims to help the mid-sized business thrive, has secured £75 million mezzanine funding from CPP Investments. The facility is the latest line of funding “secured by ThinCats and reflects the credit quality of the UK mid-sized businesses ThinCats targets its lending.” CPP Investments’… Read More

August 8, 2024 @ 7:59 am By Omar Faridi  |  

Insurtech funding sees its strongest quarter in over a year despite deal volume sinking to its lowest point since 2016, according to an extensive update from CBInsights. CBInsights notes in its latest repot that global insurtech funding “increased 44% quarter-over-quarter (QoQ) to $1.3B in Q2’24… Read More

August 8, 2024 @ 6:37 am By Omar Faridi  |  

Ares Management Corporation (NYSE:ARES) announced that funds managed by its Credit Group closed “approximately $12.8 billion in U.S. direct lending commitments across 93 transactions during the second quarter of 2024 and approximately $38.3 billion in direct lending commitments across 295 transactions in the 12 months… Read More

August 8, 2024 @ 5:01 am By Omar Faridi  |  

TransUnion (NYSE: TRU) announced its partnership with Snowflake, the AI Data Cloud company, to launch TruIQTM Data Enrichment on Snowflake Marketplace. TruIQ Data Enrichment’s availability on Snowflake Marketplace will “provide joint customers with unlimited, on-demand access to pseudonymized TransUnion credit data in the Snowflake AI… Read More

August 8, 2024 @ 4:05 am By Omar Faridi  |  

Tech Mahindra (NSE: TECHM), a global provider of technology consulting and digital solutions to enterprises across industries, has announced a partnership with Finastra, a global provider of financial software applications and marketplaces, to help corporate banks accelerate their digital transformation journeys. Through the partnership, Tech… Read More

August 7, 2024 @ 9:12 pm By Omar Faridi  |  

Australian digital bank, ubank, has introduced passkeys to improve authentication for customers. Ubank joins a growing number of international online services and payment providers, “along with Australian organizations and government agencies, using passkeys as their login method.” The change in authentication processes comes as Australians lost… Read More

August 7, 2024 @ 3:26 pm By JD Alois  |  

Digital asset firm Bitstamp will partner with Stripe to enable a fiat-to-crypto onramp in the European Union. The collaboration will see the Stripe onramp, a customizable widget powered by Bitstamp. The goal is to simplify the process so developers can incorporate the feature with little… Read More

August 7, 2024 @ 10:01 am By Omar Faridi  |  

We recently connected with Ally Haire, CEO and Founder of Lilypad, which is described as a serverless, distributed computing network for AI, ML, and other computational processes. Recently, it was reported that Elon Musk is going to build a “gigafactory of compute,” and while the… Read More

August 7, 2024 @ 9:40 am By Omar Faridi  |  

The European Union has a productivity problem, according to an update from the International Monetary Fund (IMF). Its people produce nearly 30 percent “less per hour worked than they would have, had real output per hour worked increased in line with that in the United… Read More

August 7, 2024 @ 8:23 am By Tony Zerucha  |  

While Deutsche Telekom’s support for blockchain initiatives is welcome, Chirp founder and CEO Tim Kravchunovsky believes it could go further to help foster wider blockchain adoption. Chirp is a decentralized telecommunications network. Kravchunovsky said Deutsche Telekom should offer more support for budding DePIN projects as… Read More

August 7, 2024 @ 8:20 am By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be the largest digital banking platform outside of Asia, announces the appointment of Tyler Horn as Chief Credit Officer (CCO), effective August 2024. With extensive experience in credit risk management within the financial services industry, Tyler will be “responsible… Read More

August 7, 2024 @ 8:19 am By Omar Faridi  |  

Banking Circle S.A, has received the globally recognized ISO/IEC 27001:2022 certification for information security management systems (ISMS). Underlining the sustained commitment it places “on information security, this certification gives Banking Circle clients continued confidence that it puts legal, regulatory and contractual obligations at the centre… Read More

August 7, 2024 @ 8:17 am By Omar Faridi  |  

Christian Catalini, Co-Founder & Chief Strategy Officer at Lightspark (which enables Open payments for the Internet; Enterprise-grade, fast, secure payments on Lightning) and the Founder at MIT Cryptoeconomics Lab, explains that stablecoins, a novel form of interoperable and programmable money, have the potential “to rewire… Read More

August 7, 2024 @ 8:16 am By Omar Faridi  |  

finova Broker, formerly the eKeeper Group and part of finova, the UK’s cloud-based mortgage and savings provider, has announced its integration with Cashflows, the platform that makes it easier to accept payments digitally. This new feature allows mortgage brokers to “take payments for administration and… Read More

August 7, 2024 @ 8:08 am By Omar Faridi  |  

British pension savers may only support the investment of their retirement funds in UK-based growth businesses “if they demonstrate strong returns,” new research suggests. A third (33%) of Brits believe pension “schemes should only be obliged to invest in UK assets” – as announced in… Read More

August 7, 2024 @ 6:18 am By Omar Faridi  |  

B.TECH Business, a sector of B.TECH, a retailer of consumer electronics and home appliances in Egypt, has signed a cooperation protocol with Foodics Egypt, the  restaurant management and payment solutions in Egypt and MENA. This collaboration aims to supply “all the necessary equipment and tools… Read More

August 6, 2024 @ 2:50 pm By Omar Faridi  |  

Remitly Global, Inc. (NASDAQ: RELY), a provider of digital financial services, has announced the appointment of finance executive Vikas Mehta as Chief Financial Officer, succeeding Hemanth Munipalli, effective August 19, 2024. Munipalli is leaving for family reasons, and will “oversee an orderly transition, remaining with… Read More