Global

August 4, 2024 @ 10:01 pm By Omar Faridi  |  

Iress (IRE: ASX) has announces it has completed the sale of its UK Mortgage Sales & Originations business to Bain Capital Tech Opportunities LP. As announced on 15 March 2024, Bain has “purchased the UK Mortgages business for a total cash consideration of £85m ($A167m)… Read More

August 4, 2024 @ 9:56 pm By Omar Faridi  |  

CBInsights notes in a new report that AI funding has reached $23.2B in Q2’24 — the highest quarterly level on record. CBInsights pointed out that global AI funding “climbed once again in Q2’24, jumping 59% QoQ to hit $23.2B — the highest quarterly level on… Read More

August 4, 2024 @ 9:43 pm By Omar Faridi  |  

Zodia Custody, an institution-first digital asset global custodian whose shareholders include Standard Chartered, SBI Holdings, Northern Trust and National Australia Bank, has partnered with Deribit, which claims to be one of the world’s largest crypto options exchange by volume, and will integrate the exchange into… Read More

August 4, 2024 @ 8:33 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the world’s largest digital banking platforms outside Asia, is helping to streamline the way Brazilians interact with the government’s digital services. Since the partnership began in May, over 3.2 million Nubank customers “have obtained a silver… Read More

August 4, 2024 @ 4:41 pm By JD Alois  |  

Disinformation detector Cyabra will list on the NASDAQ in a SPAC [special purpose acquisition company] deal that will value the company at $70 million. Cyabra is an OurCrowd portfolio company, having raised almost $5 million on the online investment platform. The funding rounds on OurCrowd… Read More

August 4, 2024 @ 4:20 pm By Omar Faridi  |  

Alpaca, an API-focused brokerage that operates a modern infrastructure for stocks, ETFs, options, and crypto trading and serves hundreds of financial services businesses globally, and Citadel Securities, a global market maker, announced an extension of their strategic partnership in Japan to jointly leverage their expertise… Read More

August 4, 2024 @ 4:15 pm By Omar Faridi  |  

Preqin, the global firm focused on providing alternatives data and insight, released its Real Estate Q2 2024: Preqin Quarterly Update report. The report shows that aggregate real estate fundraising “increased by $0.6bn in Q2 2024 to $33bn from $32.4bn in Q1 2024, showing a continued… Read More

August 4, 2024 @ 3:54 pm By Omar Faridi  |  

Building on its promise to provide customers with a best-in-class experience while decreasing compliance risk, Kompliant, a provider of intelligent automation, is further elevating the merchant underwriting process, by announcing a partnership with the Digital Solutions team at Equifax to provide the powerful suite of… Read More

August 4, 2024 @ 6:03 am By JD Alois  |  

Pagaya Technologies (NASDAQ: PGY) says it has inked a deal to acquire Theorem Technology. Pagaya is a credit qualification platform that uses alternative methods and artificial intelligence to provide its service. Its methodologies are said to convert around 30% more customers than traditional methods. Theorem… Read More

August 3, 2024 @ 7:34 pm By Omar Faridi  |  

The Association for Financial Markets in Europe (AFME) released a report titled “Digital Finance in the EU – Priorities for fostering resilient, innovative and competitive financial markets”, presenting its recommendations for supporting the development of capital markets and increased access to finance for the real… Read More

August 3, 2024 @ 5:24 pm By Omar Faridi  |  

Elliptic, a global firm focused on crypto asset risk management, announced integrating support for Hedera’s Stablecoin Studio into its Holistic screening and investigation solutions. This will bring issuers on the platform an additional layer of risk mitigation. This new integration is “supported by The HBAR Foundation, an… Read More

August 3, 2024 @ 5:14 pm By Omar Faridi  |  

Deutsche Bank has launched BASF’s first sustainability-linked payables finance program in Asia, with a focus on its operations in China. The solution meets global standards and has “been tailored to suit local business requirements.” The program will support BASF’s activities in China. The solution provided… Read More

August 3, 2024 @ 5:12 pm By Omar Faridi  |  

UnaFinancial, which is investment platform Robocash’s parent company, is reporting that it has earned $4.7 million in H1 2024. UnaFinancial has issued management accounts “for the first six months of 2024.” The Group focused on expanding its most profitable businesses and “improving operational efficiency across… Read More

August 3, 2024 @ 5:01 pm By Omar Faridi  |  

Provenance Blockchain Foundation, a non-profit organization responsible for developing and growing the public blockchain for financial services, announced the carve-out of Provenance Blockchain Labs, a blockchain development firm building a suite of foundational infrastructure SaaS products that enable asset issuers and servicers to efficiently transact… Read More

August 3, 2024 @ 4:48 pm By Tony Zerucha  |  

The Agri-Business Capital Fund this week announced an investment of €1.1 million in MiCreditoYa Microfinanciera SAS, a microfinance institution operating in the Nariño department in the southwest of Colombia. Access to finance remains a significant challenge in many parts of the world, particularly in rural… Read More

August 3, 2024 @ 4:45 pm By Michael Wong  |  

Payments technology company Flutterwave announced that it has obtained an Enhanced Category Payment Service Provider license from the Bank of Ghana. This development is pivotal in expanding Flutterwave’s footprint across Africa, particularly within Ghana, where it can now offer a full spectrum of direct payment… Read More

August 3, 2024 @ 2:33 pm By Omar Faridi  |  

PitchBook has released their latest Enterpise Fintech ecosystem. PitchBook’s Fintech ecosystem reports notes that deal value and count in Q2 2024 was fairly steady. As stated in the repot, enterprise fintech companies have “secured $4.6 billion in VC funding across 315 deals.” PitchBook pointed out… Read More

August 3, 2024 @ 5:03 am By Tony Zerucha  |  

The Bank of England’s decision to cut interest rates for the first time since the pandemic began has been hailed as “a welcome step in the right direction,” by deVere Group CEO Nigel Green. Green made the comments as the UK central bank unveiled a… Read More

August 2, 2024 @ 10:45 am By JD Alois  |  

Yesterday, Coinbase (NASDAQ:COIN)announced Q2 earnings results which were delivered during a challenging time for markets as economic concerns rise. Coinbase reported a rise in second-quarter revenue as trading volumes at the crypto exchange recovered due to improved market sentiment. While top-line revenues beat estimates, shares… Read More

August 2, 2024 @ 9:10 am By Omar Faridi  |  

At Ledger, their mission is to make digital ownership easy to use without ever compromising on security or self-custody. Ledger says that it aims to “to deliver the best security architecture; resilient by design and without compromise, for individuals and enterprises.” Ledger points out that… Read More