Global

August 25, 2024 @ 9:44 pm By Omar Faridi  |  

Carta has shared the VC Fund Performance for Q1 2024. Carta’s inaugural VC fund performance report analyzes benchmarks for more than 1800 funds across six recent vintages. There has been tremendous upheaval in the venture capital markets “since interest rates began to rise in early… Read More

August 25, 2024 @ 9:03 pm By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £6m loan to Gatehouse Hub Ltd to fund the development of 19 industrial logistics units spread over 43,487 sq.ft., and a wellness centre comprising of 6,458 sq.ft. on the outskirts of Burgess Hill in… Read More

August 25, 2024 @ 7:53 pm By Michael Wong  |  

A significant majority of consumers, 78%, in India now prefer to conduct their banking digitally through mobile apps or websites, according to a recent report by Alkami Technology. This shift underscores the broader move towards cashless transactions and contactless payments, trends that have accelerated significantly… Read More

August 25, 2024 @ 7:39 pm By Omar Faridi  |  

Estateguru has shared the Loan portfolio overview for the month of July 2024. As of July 2024, Estateguru‘s loan portfolio has “demonstrated consistent performance, with approximately €8 million in repayments each month.” The 12-month portfolio remains robust, “delivering steady interest payments to our investors.” Of… Read More

August 25, 2024 @ 5:00 pm By Omar Faridi  |  

Global Fintech Thunes noted that the Philippines is swiftly emerging as a fast-growing digital payments hub in Southeast Asia, fueled by significant advancements in its financial sector. Thunes explained in a blog post that government initiatives, particularly from the BSP, have driven “a surge in… Read More

August 25, 2024 @ 11:56 am By Omar Faridi  |  

4 in 5 consumes are spending the most time on X, Telegram and YouTube for crypto, according to an update from CoinGecko. The social media platforms most used for crypto “are X (formerly Twitter), Telegram and YouTube, which represented a combined 84.0% of the crypto… Read More

August 25, 2024 @ 11:17 am By Omar Faridi  |  

Soneium by Sony Block Solutions Labs has officially been introduced in order to support the future of Web3. Soneium, by Sony Block Solutions Labs is “building a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity.” Soneium will connect the… Read More

August 25, 2024 @ 10:09 am By Omar Faridi  |  

Alpaca’s local currency trading API now supports limit, stop, and stop limit for both nominal and fractional order types. Additionally, Local Currency Trading now reportedly “offers extended hours trading to further open financial services to everyone on the planet.” Local Currency Trading API enables businesses… Read More

August 25, 2024 @ 9:40 am By Omar Faridi  |  

The Bank of Israel announces the issuance of an identification code to a second global fintech company that has chosen to operate in Israel as “a participant in a controlled payment system” – Revolut Ltd. Participants in the Israeli payment systems are “identified using a… Read More

August 25, 2024 @ 9:37 am By Michael Wong  |  

Pavel Durov, the Russian-French billionaire founder and CEO of the messaging app Telegram, was arrested at Bourget airport outside Paris on Saturday evening. At one point, Durov sought to issue a native crypto TON (Gram), but following an enforcement action by the Securities and Exchange… Read More

August 25, 2024 @ 6:14 am By Omar Faridi  |  

Workday, Inc. (NASDAQ: WDAY), a provider of solutions to help organizations manage their people and money, and Equifax (NYSE: EFX), a global data, analytics and technology company, today announced a partnership to help make employment and income verifications for Workday customers’ employees easier and faster… Read More

August 25, 2024 @ 5:22 am By Omar Faridi  |  

Checkout.com, a global digital payments provider, announced it is the first payment provider to partner with Google Pay to bring its biometric-based secure payment authentication service to merchants. Checkout.com, which offers authentication to merchants “such as Remitly, will offer Google Pay’s biometric authentication to brands… Read More

August 24, 2024 @ 2:55 pm By Omar Faridi  |  

The SUBSCRIBE alternative investment technology platform that helps institutional and wealth manager firms digitalize, centralize, and operate their complex private market programs is now available to financial advisors affiliated with MML Investors Services, a  independent broker/dealer and investment adviser subsidiary of MassMutual Vaughn Bowman, CFA,… Read More

August 24, 2024 @ 1:47 pm By Omar Faridi  |  

Baton Systems, a global capital markets tech provider orchestrating the optimized settlement of $20-30 billion (USD) in asset value daily, has introduced new treasury management tools designed to optimize intraday liquidity, reduce costly buffers and mitigate risk in real-time. The new liquidity management capabilities offer… Read More

August 24, 2024 @ 11:51 am By Omar Faridi  |  

Superstate Industry Council is welcoming the second cohort of institutions. This diverse group of institutions joins them in “shaping Superstate’s product roadmap and driving the adoption of tokenization within traditional financial services and capital markets.” Since the council’s inception in March 2024, dozens of organizations… Read More

August 24, 2024 @ 11:05 am By Omar Faridi  |  

Consumers across the UK who are using digital financial management tools report being on average “£37.08 better off per month, or £445 better off per year, compared to pre-adoption.” Today, as many as 7.6 million3 Brits are already “using digital financial management tools, meaning this… Read More

August 24, 2024 @ 9:49 am By Omar Faridi  |  

NatWest and Beauhurst’s New Startup Index reports 468,000 new companies started up in the first half of 2024 – a 6% increase compared to the same period last year. In a sign of the strong potential of the UK economy, 468,000 new firms “have started… Read More

August 24, 2024 @ 8:44 am By Omar Faridi  |  

Sygnum, a global digital asset banking group with ~$4.5 billion in client assets, has issued the industry-first syndicated loan backed by Bitcoin (BTC) to premier crypto lender Ledn, which will be used to fund the growth of Ledn’s retail lending operations. Syndicated among Sygnum’s institutional… Read More

August 24, 2024 @ 8:42 am By Michael Wong  |  

Ecofinance, a European financial technology company, has officially forayed into Southeast Asia by launching its operations in the Philippines. The firm introduced a new consumer brand, Honey Loan, as part of efforts to tap into the region’s burgeoning fintech landscape space, according to the announcement…. Read More

August 24, 2024 @ 7:44 am By Omar Faridi  |  

FinTech Wales and Future Finance have joined forces to drive financial innovation. FinTech Wales, the independent membership association and champion of the FinTech and Financial Services industry in Wales, has announced a new community partnership with Future Finance. Future Finance is a collaborative research project,… Read More