Global

September 1, 2024 @ 2:56 pm By Omar Faridi  |  

UP Fintech Holding Limited (NASDAQ: TIGR), an online brokerage firm focusing on global investors, announced its unaudited financial results for the second quarter ended June 30, 2024. Mr. Wu Tianhua, Chairman and CEO of UP Fintech said the second quarter saw trading volumes increase by… Read More

September 1, 2024 @ 2:53 pm By Omar Faridi  |  

With the inflation rate in the United States “stubbornly” stuck around 3%, more bank customers are trying to find ways to manage the higher cost of goods, “even if their overall financial health has not necessarily improved.” According to J.D. Power, the percentage of U.S…. Read More

September 1, 2024 @ 2:51 pm By Omar Faridi  |  

Crypto.com announced the launch of global retail services, including the ability to provide seamless deposit and withdrawal facilities for millions of retail users of the Crypto.com App from over 90 countries, vastly improving the efficiency and utility of customers’ crypto journeys. Crypto.com’s global retail services… Read More

September 1, 2024 @ 5:35 am By Omar Faridi  |  

AuthenticID, a global company focused on identity verification and fraud prevention solutions, announced the newest release of Smart ReAuth. Smart ReAuth is a reauthentication solution “that leverages a selfie to re-confirm an identity. First released in 2021, this enhanced version offers verifications in less than… Read More

August 31, 2024 @ 6:12 pm By Omar Faridi  |  

Brite Payments, a provider of open banking-based instant payments, announced that SAVR, one of Sweden’s most innovative investment platforms, has integrated Brite Instant Payments, enabling customers to make larger direct money transfers into their accounts both quickly and securely. SAVR is a Swedish fund trading… Read More

August 31, 2024 @ 6:07 pm By Omar Faridi  |  

The World Federation of Exchanges (WFE), the global industry association for exchanges and central clearing counterparties, has released recommendations that establish good practice for crypto-asset custody providers, drawing lessons from traditional financial markets to guide the emerging digital asset space. The ruling against FTX and… Read More

August 31, 2024 @ 3:14 pm By Omar Faridi  |  

Silverflow, a firm providing payment processing technology, has partnered with Halo Dot, a pioneering provider of SoftPOS solutions, to supply businesses with a seamless and powerful payment solution, combining Halo Dot’s SoftPOS application and Silverflow’s cutting-edge processing engine. Silverflow is building upon the decades-old payments infrastructure… Read More

August 31, 2024 @ 3:11 pm By Omar Faridi  |  

Mercuryo, a global payments infrastructure platform, has launched on-ramp services on Ninji Wallet, an “agile” cryptocurrency wallet in the Injective ecosystem with seamless access, robust security and simplified asset management. The collaboration represents a pivotal moment in “enhancing Ninji Wallet’s capabilities, with Mercuryo delivering intuitive… Read More

August 31, 2024 @ 3:09 pm By Omar Faridi  |  

PayPal (NASDAQ: PYPL) has announced an expansion of its global strategic partnership with Fiserv (NYSE: FI) which will streamline how merchant clients of Fiserv enable PayPal experiences for their customers. Building on a longstanding partnership between the two companies covering several products and services and millions of… Read More

August 31, 2024 @ 12:19 pm By Omar Faridi  |  

  Bitcoin will be increasingly used as a reserve asset on the balance sheets of publicly listed companies underlining its growing acceptance as an asset class, according to new global research by London-based Nickel Digital Asset Management, Europe’s regulated and award-winning digital assets hedge fund… Read More

August 31, 2024 @ 7:07 am By Omar Faridi  |  

Galileo Financial Technologies, a financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), is now offering its fintech clients, with fintech Rho as the first to launch, the ability to connect their business customers to Mastercard Smart Data, an expense reporting and analytics suite…. Read More

August 30, 2024 @ 6:05 pm By Omar Faridi  |  

Fintech Conotoxia has introduced cards for its business customers – with a new image. Companies can order multi-currency cards, which can be used to pay in more than 160 currencies worldwide and make payments in 23 without currency conversion. As noted in a blog post,… Read More

August 30, 2024 @ 6:01 pm By Omar Faridi  |  

Comun, a neobank that provides modern banking solutions to immigrants1 in the U.S., announced it has raised $21.5M in its Series A funding round led by Redpoint Ventures with participation from ANIMO Ventures, Costanoa Ventures, FJ Labs, RTP Global, and South Park Commons. The company,… Read More

August 30, 2024 @ 9:38 am By JD Alois  |  

SumUp has appointed a new CEO and CFO while announcing new board members. According to a note from the Fintech, Niall Mac an tSionnaigh is now CEO of SumUp Limited, the Irish operating company, and Alastair Nolan, previously the Group’s CFO Europe, will now serve… Read More

August 30, 2024 @ 8:46 am By Omar Faridi  |  

CME Group said it will further expand its cryptocurrency derivatives offerings by introducing Bitcoin Friday futures (BFF) on September 30, pending regulatory review. Sized at one-fiftieth of one bitcoin, these new weekly futures contracts “will be cash-settled to the CME CF Bitcoin Reference Rate New… Read More

August 30, 2024 @ 8:26 am By Omar Faridi  |  

Freetrade, the “commission free” investment platform, has launched ‘share lending’ to its clients, a new service powered by Sharegain that enables its clients to generate passive income from lending their stocks and ETFs. With Sharegain, Freetrade was able “to launch its securities lending program with… Read More

August 30, 2024 @ 8:25 am By Omar Faridi  |  

UK’s business bank Allica has acquired bridging lender Tuscan Capital, representing Allica’s first foray into the bridging finance market. The Tuscan team, based across the UK, will eventually “integrate fully into the Allica team, benefitting from access to Allica’s funding base and distribution network.” Allica,… Read More

August 30, 2024 @ 8:21 am By Omar Faridi  |  

Over the last seven years, Nium has steadily grown its presence in Lithuania following the approval of its Electronic Money Institution (EMI) license by the Bank of Lithuania in 2017. The license has enabled the fintech “to better serve its European and global business customers… Read More

August 30, 2024 @ 4:44 am By Omar Faridi  |  

SmartStream, says it has launched a new version of the TLM Collateral Management solution. Version 7.0, developed in collaboration “with a tier-one bank customer, introduces new features such as real-time updates of information via versioned APIs across business lines, serving multiple jurisdictions globally.” The expanded… Read More

August 29, 2024 @ 9:43 pm By Omar Faridi  |  

The Insurtech 50 is CB Insights’ annual list of the 50 most promising private insurtech companies in the world. This year’s winners are working on everything from AI assistants to embedded insurance. CB Insights has unveiled the third annual Insurtech 50 — a list of… Read More