Global

July 23, 2024 @ 8:59 am By Omar Faridi  |  

PensionBee Group plc announces the launch of its business in the United States, the world’s largest Defined Contribution pension market, “representing approximately 80% of the global total and $22.5 trillion in assets.” The company’s wholly-owned US subsidiary, PensionBee Inc, is “now registered with the US… Read More

July 23, 2024 @ 8:57 am By Omar Faridi  |  

Nucleus Financial Platforms, one of the UK’s independent, adviser platform groups, has announced Laura Papp and Helen Wallace-Smith have joined into two newly created platform director roles. Both will report to Nucleus Chief Operating Officer (COO), Steve Knight. As Nucleus continues to prepare for the… Read More

July 23, 2024 @ 8:56 am By Omar Faridi  |  

Bitstamp is presenting the latest insights from their June 2024 Lending Performance Report for Bitstamp Earn Lending. Whether you’re new to crypto lending or a seasoned expert, this update from Bitstamp reportedly offers valuable information “on the current lending landscape.” In collaboration with Tesseract, Bitstamp… Read More

July 23, 2024 @ 8:55 am By Omar Faridi  |  

AMF and Banque de France call for a well-anticipated move to T+1 Settlement Cycle. The Autorité des Marchés Financiers (AMF) and the Banque de France specifically call for a well-coordinated and efficient transition “to a T+1 settlement cycle for transactions on securities across the EU.”… Read More

July 23, 2024 @ 8:52 am By Omar Faridi  |  

Ledger is pleased to announce the latest evolution in our partnership with Best Buy. Ledger customers now have the option “to buy a Ledger device online on Ledger.com and pick it up the same day in Best Buy stores across the US.” As a staple… Read More

July 23, 2024 @ 5:37 am By Omar Faridi  |  

Global Relay, the provider of communications compliance solutions for regulated industries, announces its integration between OpenAI’s ChatGPT Enterprise Compliance API and Global Relay’s financial compliance platform. The new compliance capabilities launched by OpenAI in conjunction “with Global Relay’s platform will help customers use OpenAI’s Enterprise… Read More

July 22, 2024 @ 4:54 pm By JD Alois  |  

Online real estate investment platform Waltz Inc. has launched to provide foreign investors with a way to invest in and purchase residential real estate in the US. The online investment platform is said to be available in the following statements: Alabama, Florida, Georgia, Maryland, Mississippi, North Carolina,… Read More

July 22, 2024 @ 4:31 pm By Omar Faridi  |  

Airwallex, the Australia-founded financial platform for modern businesses, has reportedly become the first major payments company to be granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investment Commission (ASIC) to offer businesses access to retail investment products. This is an additional… Read More

July 22, 2024 @ 4:23 pm By Omar Faridi  |  

Exodus and Syrup have revealed a new partnership. Users of the Exodus wallet can now access Syrup and “earn 18% net APY on USDC as well as ‘double Drips’ on their deposit, boosting SYRUP token rewards.” Exodus’ multi-chain desktop and mobile wallet “enables secure peer-to-peer… Read More

July 22, 2024 @ 12:52 pm By Omar Faridi  |  

Fireblocks Off Exchange enables businesses across the world to trade on centralized exchanges without introducing counterparty risk. Today, they’re sharing that Bybit is the newest exchange to integrate with Off Exchange. Bybit, a crypto exchange, joins Deribit, with further integrations to follow. These include BIT,… Read More

July 22, 2024 @ 12:20 pm By Omar Faridi  |  

Approval phishing is an increasingly popular tactic used by criminals to steal funds through different scamming techniques such as fake crypto apps and romance scams (also known as pig butchering), according to an update from Chainalysis. With the approval phishing technique, the scammer tricks the… Read More

July 22, 2024 @ 8:59 am By Omar Faridi  |  

Matías Andrade and Tanay Ved have recently shared key takeaways from a Coin Metrics report which noted that Mt. Gox creditors are finally receiving repayments, “with approximately $9 billion worth of Bitcoin set for distribution in July.” As mentioned in the Coin Metrics report, the… Read More

July 22, 2024 @ 8:54 am By Omar Faridi  |  

Bondsmith, which says it is empowering clients to unlock the full potential of cash with innovative financial solutions via trusted partnerships,  announced that they have joined forces with abrdn in order to launch a fully integrated cash savings solution, providing their clients with even greater… Read More

July 22, 2024 @ 8:53 am By Omar Faridi  |  

Midlands Engine Investment Fund II has announced its first major equity deal. Aircraft robotics firm True Position Robotics has raised £1 million to support business expansion. The British Business Bank has announced the first deal from the Midlands Engine Investment Fund II “with a £1… Read More

July 22, 2024 @ 8:50 am By Omar Faridi  |  

Investment platform Bondora is reporting a key milestone. Bondora reveals that 1 billion Euros have been invested via their platform. This latest achievement has marked a significant point in Bondora’s journey since 2008, and it was made possible by their customers. In order to mark… Read More

July 21, 2024 @ 11:38 pm By Tony Zerucha  |  

Executives from two Fintech companies believe this week’s system outages could hurt SMEs the most and highlight the need for additional resiliency in an increasingly connected world. The past seven days began with an outage at CHAPS. While it was temporary, it significantly affected European… Read More

July 21, 2024 @ 8:20 pm By Omar Faridi  |  

Blockbuster deals to Stripe and AlphaSense buoy an otherwise flat quarter for the Fintech sector, according to an extensive update from CBInsights. On the surface, Q2’24 was a return “to growth for fintech, with funding increasing 19% quarter-over-quarter (QoQ) to $8.9B,” the CBInsights report revealed…. Read More

July 21, 2024 @ 6:54 pm By Omar Faridi  |  

Matera, a banking software provider, announced a $100 million investment from Warburg Pincus, a global growth investor. The investment will be used to fund the company’s “expansion into the North American market and further expand product development.” Founded in Brazil, Matera is a technology “provider… Read More

July 21, 2024 @ 6:49 pm By Tony Zerucha  |  

The co-founder of a cloud platform for global card processing insists that recent payment systems outages are the price the world pays for widely used yet outdated infrastructure. Robert Kraal is the CBDO of Silverflow, which offers a cloud-native solution with a single API for… Read More

July 21, 2024 @ 6:24 pm By Michael Wong  |  

Amid the accelerating shift towards digital banking, nearly half of banking customers in Ghana still favor traditional banking methods, according to the 2024 PwC Ghana Banking Survey Report. The survey reveals that 47% of respondents prefer to conduct their banking transactions through conventional means, highlighting… Read More