Global

May 5, 2024 @ 7:45 pm By Omar Faridi  |  

Recent pilot conversion to completely digital cloud-based core banking platform is next step in digital transformation for Atlantic credit unions. A first for the Canadian financial industry, League Data, the CIO and technology partner for Atlantic credit unions, announced that they have successfully converted Brunswick… Read More

May 5, 2024 @ 7:17 pm By Omar Faridi  |  

In a significant development, C2FO, the world’s on-demand working capital platform, announced that its TReDS platform, named C2treds has gone live with India’s largest bank State Bank of India (SBI) and Dabur India Ltd. among the inaugural participants on the platform. This milestone follows the… Read More

May 5, 2024 @ 6:53 pm By Tony Zerucha  |  

Our Crowd portfolio company BioCatch, a global provider of digital fraud detection and financial crime prevention powered by behavioral biometric intelligence, this week announced that Permira Growth Opportunities II, a fund advised by global private equity firm Permira, has agreed to acquire a majority position… Read More

May 5, 2024 @ 5:49 pm By Omar Faridi  |  

Retail investors have been active in the stock market. In fact, there’s been a sharp increase in retail ETF activity in Q1 2024, according to the Autorité des Marchés Financiers (AMF). Each quarter, the Autorité des Marchés Financiers (AMF) in France “provides an overview of… Read More

May 5, 2024 @ 5:45 pm By Omar Faridi  |  

BBVA proposes that Banco Sabadell merge both entities to create a European financial service provider. In a letter addressed to the Board of Directors of Banco Sabadell, BBVA emphasizes that the combination of both entities “would give rise to the most attractive industrial project in… Read More

May 5, 2024 @ 5:33 pm By Omar Faridi  |  

HeavyFinance has signed 300,000 hectares of farmland in western and central Ukraine to its carbon farming program, for a shift over to regenerative agriculture. Once farming practices across this extensive area have been shifted over to nature-based, sustainable and regenerative methods, the farming land “will… Read More

May 5, 2024 @ 3:34 pm By Omar Faridi  |  

This past week, Coinbase (NASDAQ:COIN) reported first-quarter revenue which beat analst forecasts, which is mainly attributed to the Bitcoin, Ethereum and wider crypto markets rally leads to surge in profit Coinbase announced better-than-expected revenue for its Q1 2024 earnings report that was released on Thursday… Read More

May 5, 2024 @ 3:33 pm By Michael Wong  |  

Pantera Capital has announced a significant investment in TON, the Telegram L1 blockchain, signaling a major push to boost cryptocurrency adoption across the globe. Revealed on the social media platform X, this collaboration is set to utilize Telegram’s vast user base of over 900 million… Read More

May 4, 2024 @ 2:02 pm By Omar Faridi  |  

CBInsights says that they mined earnings calls, analyzed business relationships, and dug into investments and acquisitions in order to survey the AI [artificial intelligence] activities of some of the world’s largest companies across industries. For many of the world’s largest companies, AI simply can’t be… Read More

May 4, 2024 @ 1:59 pm By Omar Faridi  |  

CME Group, the derivatives marketplace, reported its April 2024 market statistics set a new average daily volume (ADV) record of 26.5 million contracts for the month, up 33% from April 2023, with double-digit growth across all asset classes. Additionally, interest rate, equity index, foreign exchange… Read More

May 4, 2024 @ 12:37 pm By Omar Faridi  |  

Blockchain firm CertiK reports that during Q1 2024, BNB Chain noted continuous development in its security measures “resulting in a 55.8% decrease in value lost compared to the same period last year.” As stated in a blog post from CertiK, BNB Chain witnessed “a loss… Read More

May 4, 2024 @ 11:01 am By Omar Faridi  |  

Chainalysis, the blockchain intelligence firm, and Chainalysis Government Solutions (CGS), Chainalysis’ wholly-owned subsidiary focused on U.S. government customers, today announced that part of the company’s Crypto Investigations solution – has “achieved an In Process designation from the Federal Risk and Authorization Management Program (FedRAMP) and… Read More

May 4, 2024 @ 10:12 am By Omar Faridi  |  

The Dubai Financial Market (DFM) and SIX, the Swiss Financial Market Infrastructure Group, announced today the signing of a collaboration agreement during the second edition of the Capital Market Summit. The partnership underscores a shared commitment to exploring and implementing collaborative initiatives “aimed at fostering… Read More

May 4, 2024 @ 8:42 am By Omar Faridi  |  

ColCap Financial UK Limited and Molo Tech Limited have completed their first securitization, ‘Molossus BTL 2024-1’. The securitization totals £300 million of prime UK buy-to-let mortgage loans “in England and Wales.” It is a Residential Mortgage-Backed Security (RMBS) transaction. ColCap is a privately-owned, Australian non-bank… Read More

May 3, 2024 @ 7:02 pm By Omar Faridi  |  

A delegation comprising executives from 11 Azerbaijani banks, under the leadership of the Governor of the Central Bank of Azerbaijan, embarked on a mission to the United States. Organized by the U.S.-Azerbaijan Chamber of Commerce (USACC), a Washington, D.C.-based trade association, in partnership with Azerbaijan… Read More

May 3, 2024 @ 6:57 pm By Omar Faridi  |  

Obligate has announced a partnership with XBTO, an enabler of digital assets and crypto finance. This collaboration is launched with the issuance of “a $1 million USDC tokenized bond by BermudAir, marking the beginning of their partnership.” The funds from this issuance will be “utilized… Read More

May 3, 2024 @ 6:33 pm By Tony Zerucha  |  

The 2023 LexisNexis True Cost of Fraud Study – Asia Pacific finds that fraud costs APAC-based businesses nearly quadruple the face value lost in fraudulent transactions. In Australia, 66% of companies reported an increase in fraud in the 12 months prior to the survey, while… Read More

May 3, 2024 @ 10:40 am By Omar Faridi  |  

Over the last decade, Fintech has undergone a significant transformation and period of growth, marked by the digitization and democratization of access to financial services to more Americans. To gain insights into what the future holds, we spoke with Ben Borodach, the co-founder and CEO… Read More

May 3, 2024 @ 10:24 am By Omar Faridi  |  

AccessFintech, the provider of real-time data insights and collaboration across financial markets, is working with BNY Mellon, the global financial services company, to bring a joint solution to the market for addressing foreign exchange (FX) workflow challenges ahead of the forthcoming T+1 settlement regulations. Upcoming… Read More

May 3, 2024 @ 9:11 am By JD Alois  |  

TransferGo, and Tink have announced a partnership to enable international transfers and payments call Pay by Bank. Owned by Visa, Tink is a payments and transfers Fintech that is connected to over 6000 banks. Founded in Sweden, the company also provides banking and lending solutions…. Read More