Global

July 29, 2024 @ 11:22 pm By Omar Faridi  |  

FTC Chair Lina M. Khan, alongside international antitrust enforcers and the Department of Justice, Antitrust Division, issued a statement affirming a commitment “to protecting competition across the artificial intelligence (AI) ecosystem to ensure effective competition that provides fair and honest treatment for both consumers and… Read More

July 29, 2024 @ 11:21 pm By Omar Faridi  |  

Banxa Holdings Inc. (TSXV: BNXA) is pleased to announce the appointment of Zafer Qureshi as Co-CEO, joining forces with Holger Arians. This strategic move aims to “leverage their combined expertise to propel Banxa into a new era of growth and innovation.” Holger Arians, Chairman and… Read More

July 29, 2024 @ 6:18 pm By Omar Faridi  |  

bunch, a Fintech seeking to private markets, has announced the closing of a $15.5 million Series A funding round. The funding was led by FinTech Collective, along with existing investors including, Cherry Ventures and Motive Ventures. Other investors in the round were Broadhaven Ventures and… Read More

July 29, 2024 @ 2:36 pm By Omar Faridi  |  

NatWest Group plc announces that it1 has entered into an agreement with Metro Bank plc to acquire a £2.5 billion portfolio of prime UK residential mortgages, with a weighted average current loan to value of c.62%. On completion of the transaction2 NatWest Group “expects to welcome… Read More

July 29, 2024 @ 2:35 pm By Omar Faridi  |  

On 25 July 2024, BNP Paribas arranged and placed the first ever Sovereign digital bond issuance for Eurozone and EMEA, the Republic of Slovenia with on-chain settlement using the Banque de France’s (BdF) tokenized Cash solution provided within the European Central Bank’s (ECB) wholesale central… Read More

July 29, 2024 @ 11:24 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a statement affirming its mission to simplify and reduce the cost of firms in need of growth capital. The FCA seeks to reduce the burden on businesses raising money. The announcement follows the new “Consumer Duty,” which… Read More

July 29, 2024 @ 8:33 am By Omar Faridi  |  

Nansen has introduced their ETH ETF Dashboard with real-time tracking of ETF holdings and ETH inflows. Nansen are pleased to officially announce the launch of their public ETH ETF dashboard that allows anyone “to monitor and track real-time ETF balances and ETH ETF onchain flows… Read More

July 29, 2024 @ 7:45 am By Omar Faridi  |  

Oracles have become the Achilles Heel of DeFi – their failures represent the root cause of most hacks. Despite the critical role that the oracle layer plays, innovation within the space has alarmingly lagged behind the broader DeFi ecosystem’s meteoric growth since blockchain’s inception. While… Read More

July 29, 2024 @ 7:39 am By Omar Faridi  |  

Brits’ confidence in their retirement prospects continues to rise, according to PensionBee’s latest Pension Confidence Index. The Pension Confidence Indicator score “surged to +30 immediately following the General Election, up from +22 in March 2024 and significantly higher than -10 in December 2023 and -9… Read More

July 29, 2024 @ 7:36 am By Omar Faridi  |  

XDC Network, the “enterprise-ready” blockchain for global trade finance and RWAs, is pleased to announce its collaboration with Deutsche Telekom MMS. Deutsche Telekom MMS is a subsidiary of Deutsche Telekom, which is said to be “one of the world’s leading integrated telecommunications companies.” The collaboration… Read More

July 29, 2024 @ 7:34 am By Omar Faridi  |  

One Trading, a European crypto-asset exchange, has reportedly been granted an Organized Trading Facility (OTF) License by the Dutch financial market regulator. This license establishes One Trading as “a MiFID II trading venue and marks a significant milestone in the company’s multi-year journey with the… Read More

July 28, 2024 @ 11:43 pm By Omar Faridi  |  

Zafin, the provider of SaaS core modernization and transformation solutions for banks announces that Rabobank a multi-national banking and financial services company, headquartered in the Netherlands with more than 9.1 million customers has selected the Zafin platform to optimize its pricing, billing and invoicing capabilities… Read More

July 28, 2024 @ 10:42 pm By Omar Faridi  |  

Businesses in the UK can access Lightyear’s new business accounts and start putting their money to work through cash interest and investments on the platform. This comes as the neobroker releases analysis “on new Bank of England data highlighting the increase in the total amount… Read More

July 28, 2024 @ 9:24 pm By Omar Faridi  |  

Late payments to UK small businesses surged over the last three months, with payments delayed by more than a week on average, according to the latest Xero Small Business Insights (XSBI) data from Xero, the global small business platform. Payments to small businesses were “made… Read More

July 28, 2024 @ 8:19 pm By Omar Faridi  |  

The Ireland card payments market is forecast to grow by 5.4% to reach EUR95.2 billion ($102.9 billion) in 2024, supported by growing consumer preference for electronic payments, forecasts GlobalData, a data and analytics company. GlobalData’s Payment Cards Analytics reveals “that card payment value in Ireland… Read More

July 28, 2024 @ 5:18 pm By Omar Faridi  |  

UniCredit S.p.A. has announced that it has entered into a binding agreement for the acquisition of the entire share capital of Vodeno Sp. z o.o. and Aion Bank NV/SA. The companies combine an innovative, scalable, and flexible cloud-based platform with banking services based “on Aion’s… Read More

July 28, 2024 @ 5:01 pm By Omar Faridi  |  

Embedded finance provider Weavr has obtained an Electronic Money Institution (EMI) License from the Maltese Financial Services Authority (MFSA) to support its European embedders. Weavr announces that it has “acquired a European e-money license.” The license is significant for both Weavr and the embedded finance… Read More

July 28, 2024 @ 4:42 pm By Michael Wong  |  

Finance leaders from the Group of 20 major economies issued their first-ever joint declaration on Friday, Reuters reported. They committed to cooperating on effectively taxing the world’s wealthiest individuals. However, this unity masks deeper disagreements about the appropriate forum to advance this agenda. In their… Read More

July 28, 2024 @ 4:40 pm By Omar Faridi  |  

VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that Jazz, its digital operator in Pakistan, has secured the country’s largest long-term private sector syndicated credit facility of up to PKR 75 billion (c. USD 270… Read More

July 28, 2024 @ 4:39 pm By Omar Faridi  |  

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Semi-Annual Report: UK FinTech H1 2024. The report, based on Tracxn’s extensive database, “provides insights into the United Kingdom (UK) FinTech space.” The UK FinTech ecosystem was “the second highest globally in terms of… Read More