Global

June 9, 2024 @ 10:09 am By Omar Faridi  |  

A group of financial institutions and Web3 innovators have contributed to an in-depth paper on a path to achieve interoperability for tokenized assets across public blockchains, private blockchains and legacy systems. Released recently, “Institutional Interoperability: How Financial Institutions Navigate a Multichain World” addresses how to… Read More

June 9, 2024 @ 10:03 am By Michael Wong  |  

Global payments platform Thredd has partnered with Discover Global Network to expand its network access, thereby enhancing service offerings for its clients. Announced at the Money20/20 event this week, the partnership is set to provide Thredd’s clients with broader operational capabilities, enabling them to introduce… Read More

June 8, 2024 @ 9:35 pm By Omar Faridi  |  

Mihkel Stamm, CEO of Estateguru, says that the firm will reach profitability by the end of the year. Estateguru, a real estate-backed crowdfunding platform, announced several decisions this week that should “enable the company, which has struggled with losses in recent years, to end this… Read More

June 8, 2024 @ 12:22 pm By Omar Faridi  |  

Animoca Brands Corporation Limited, the company advancing digital property rights for the open metaverse, and its subsidiary Bacasable Global Limited, operator of The Sandbox, a user-generated content (UGC) metaverse platform, announced that The Sandbox has raised US$20 million of convertible promissory notes with a US$1… Read More

June 8, 2024 @ 11:26 am By Omar Faridi  |  

Visa (NYSE: V) announced a significant milestone achieved by its tokenization technology, revealing that Visa tokens have generated more than $40 billion in incremental ecommerce revenue for businesses globally and saved $650 million2 in fraud in the last year. Visa also announced it has issued… Read More

June 8, 2024 @ 9:55 am By Omar Faridi  |  

For a long time, the German property industry experienced a boom, but with increasing regulation and rising cost and efficiency pressure, “the pressure on companies to innovate is increasing,” according to report from KPMG. The majority of companies have recognized the need “for more innovation,… Read More

June 8, 2024 @ 9:22 am By Omar Faridi  |  

Customers are prioritizing spending on entertainment while cutting back on home decorating, new data from UK’s NatWest Group has revealed. The latest debit card spending data from NatWest, “comprising the anonymized transactions of almost 10 million customers, shows recreation spending increased 10% (10.21%) in April… Read More

June 8, 2024 @ 9:20 am By Omar Faridi  |  

Jonathan Gurwitz, the Credit Lead at Plaid helping customers incorporate cash flow data to make smarter risk decisions, noted recently that Plaid is announcing its Consumer Report, a new solution that “brings businesses real-time, actionable cash flow data along with credit risk insights through Plaid… Read More

June 7, 2024 @ 6:56 pm By Omar Faridi  |  

10x Banking, the transformational cloud-native SaaS core banking platform has announced a new alliance with Deloitte Australia to further strengthen cooperation in delivering technology-enabled transformation to mutuals. Building on the strategic alliance recently announced with Deloitte UK and US, the move furthers the companies’ commitment… Read More

June 7, 2024 @ 12:45 pm By JD Alois  |  

Seedrs, part of Republic, says it enabled £13 million in the month of May. This is a significant increase compared to the month of April, when £6.5 million was funded. Seedrs separates its activity between primary offerings and secondary transactions as it marketplace for private… Read More

June 7, 2024 @ 9:53 am By JD Alois  |  

While China is skeptical about crypto, Hong Kong is a bit different and more supportive of digital assets. Today, a Memorandum of Understanding (MoU) highlights this fact as Switzeralnd-based Crypto Valley Association (CVA) and Invest Hong Kong (InvestHK) have agreed to partner on Fintech ecosystems… Read More

June 7, 2024 @ 9:42 am By JD Alois  |  

Curve, a digital wallet that aims to challenge entrenched incumbents, has selected Nancy Yaffa as its new CEO for the United States. Based in the UK, Curve operates in 31 different markets, including the UK and European Economic Area countries. Curve’s offering allows users to… Read More

June 7, 2024 @ 9:31 am By Omar Faridi  |  

Mastercard (NYSE: MA) has announced the launch of ‘Mastercard For Fintechs’, the company’s new program designed to support fintechs across Western Europe, equipping them with the tools and expertise to drive ongoing growth and propel them to the next level. ‘Mastercard For Fintechs’ has been… Read More

June 7, 2024 @ 7:16 am By Omar Faridi  |  

A survey of payment professionals by Thunes, a global money movement innovator, and Visa, an enabler of digital payments, reveals conflicted attitudes among Europeans on cross-border payment interoperability, highlighting “the challenges firms face in integrating across multiple markets and systems.” The survey findings reveal that… Read More

June 7, 2024 @ 7:14 am By Omar Faridi  |  

London Stock Exchange Group plc (LSEG) recently announced that Pascal Boillat has been appointed as Chief Operating Officer (COO). Pascal will join the Group on 1 July 2024, reporting to David Schwimmer. Based in New York, Pascal will reportedly “lead LSEG’s global operations division supporting… Read More

June 7, 2024 @ 7:11 am By Omar Faridi  |  

Meniga, a firm focused on Personal Finance Management solutions, recently announced a partnership with Swedish bank Handelsbanken in order to enrich its customer engagement in Norway with personalized financial insights. This partnership is said to “underscore Handelsbanken’s commitment to driving innovation and redefining the customer… Read More

June 6, 2024 @ 4:09 pm By Omar Faridi  |  

The Zurich-based private bank Maerki Baumann & Co. Ltd. has entered into a cooperation with Bitcoin Suisse Ltd., the Swiss provider of crypto financial services. The collaboration will allow the private bank “to utilize the proven crypto expertise of Bitcoin Suisse in managing its crypto… Read More

June 6, 2024 @ 1:54 pm By Omar Faridi  |  

Copper.Co, an institutional digital asset custodian has partnered with 1Token, a crypto-native investment management system provider based in Singapore and Shanghai. This collaboration is set to significantly “improve operational efficiency and security for institutional clients focused on compliance.” Through this integration, 1Token’s “advanced CAM (Crypto… Read More

June 6, 2024 @ 12:58 pm By Omar Faridi  |  

CME Group, the derivatives marketplace, reported its May 2024 market statistics set a new average daily volume (ADV) record of 26 million contracts for the month, “up 4% from May 2023.” The company’s interest rate and metals products also “reached May ADV records, as its… Read More

June 6, 2024 @ 11:50 am By Omar Faridi  |  

The majority (61%) of teachers in the U.S. are stressed about their finances, with many either getting a second job or considering leaving their job for one that pays more, according to new research from DailyPay conducted by The Harris Poll. The new data reveals… Read More