Global

June 14, 2024 @ 10:11 am By JD Alois  |  

The securities crowdfunding industry needs to do a better job of highlighting successes for investors as well as embracing the failures. Entrepreneurship generates enormous benefits for society, but investors backing these early-stage firms are taking on a lot of risk. Most startups fail, and some… Read More

June 14, 2024 @ 8:57 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced a range of product and partnership updates for businesses operating in France. This represents Stripe’s largest set of new products “for the French market since launching in the country in 2016.” Starting this summer, Alma, the buy… Read More

June 14, 2024 @ 8:53 am By Omar Faridi  |  

MicroStrategy (NASDAQ:MSTR) recently revealed its plan to sell $500 million in convertible bonds in order to finance the purchase of more Bitcoin (BTC). MicrosStrategy, which presently possesses 214,400 Bitcoin (BTC) valued at about $14.5 billion, holds more than 1% of BTC’s total circulating supply. The… Read More

June 14, 2024 @ 7:33 am By JD Alois  |  

The Securities and Exchange Commission (SEC) reports that Terraform Labs PTE, Ltd. and founder Do Kwon will pay a $4.5 billion penalty as they have been found guilty of a “years-long fraud.”  It was previously reported that the SEC was seeking a $5.3 billion settlement…. Read More

June 13, 2024 @ 10:17 pm By Omar Faridi  |  

MoonPay is pleased to announce that PayPal (NASDAQ: PYPL) is now live to users across the European Union and United Kingdom, following a successful launch in the United States last month. MoonPay users in 24 EU member states and the UK can “now buy cryptocurrency… Read More

June 13, 2024 @ 10:15 pm By Omar Faridi  |  

TransUnion’s (NYSE: TRU) Q2 2024 Consumer Pulse study found that consumer concerns about inflation and interest rates reached their highest levels in two years. Despite these concerns, they come “as 55% of Americans remain optimistic about their household finances over the next year – the… Read More

June 13, 2024 @ 10:14 pm By Omar Faridi  |  

While remittances are a lifeline for millions of migrant workers and their families, Visa’s (NYSE: V) annual “Money Travels: 2024 Digital Remittances Adoption” research report found that humanitarian assistance was “a predominant driver of remittance usage on the send side, with many noting that it… Read More

June 13, 2024 @ 6:18 pm By Omar Faridi  |  

Qred, a bank based in Sweden, states that it is raising the loan limit for small business owners. Customers can now apply for loans “up to 5 million SEK, an increase of 3 million SEK from the previous maximum amount.” The increase is part of… Read More

June 13, 2024 @ 4:25 pm By Omar Faridi  |  

Cboe Global Markets, Inc. (Cboe: CBOE), the derivatives and securities exchange network, announced it is expanding its collaboration with FTSE Russell, a global index provider, to drive products in the digital assets space. This new initiative builds on Cboe and FTSE Russell’s longstanding relationship and… Read More

June 13, 2024 @ 2:11 pm By JD Alois  |  

Financement Participatif France (FPF) – the French crowdfunding association, and France Fintech (FFT) have announced a merger of the two organizations. According to a note from the two groups, FFT currently represents over 350 members and 100 partners operating in the Fintech sector. FPF represents… Read More

June 13, 2024 @ 1:12 pm By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, announced the launch of FICC’s interactive, public-facing Capped Contingency Liquidity Facility (CCLF) Calculator. With the expansion of central clearing in U.S. Treasuries “on the horizon and given the size of transactions in the U.S…. Read More

June 13, 2024 @ 12:28 pm By Tony Zerucha  |  

DTCC, a provider of post-trade market infrastructure for the global financial services industry, announced this week that, according to new industry feedback, daily Treasury volumes through its Fixed Income Clearing Corporation (FICC) are expected to rise by more than $4 trillion once the SEC’s expanded U.S. Treasury clearing… Read More

June 13, 2024 @ 12:20 pm By Omar Faridi  |  

Financial technology platform Adyen (ADYEN:AMS) partners with health and fintech Nelly Solutions to develop a financial operating system specifically for the healthcare sector. Adyen will be providing POS terminals, digital payments, bank accounts and corporate credit cards for medical practices. Adyen is focused on its… Read More

June 13, 2024 @ 9:54 am By JD Alois  |  

Year-to-date, Exchange Traded Products (ETPs) that hold digital assets have jumped by 93% assets under management (AUC), up from $49.5 billion at the end of 2023 to $95.4 billion, according to a report. Fineqia (CSE: FNQ) says that the total AUM recorded at the end… Read More

June 13, 2024 @ 8:50 am By Omar Faridi  |  

Latest Regional PMI survey data from NatWest showed a broad-based increase in business activity across the UK in May, with growth being recorded simultaneously in “all 12 nations and regions monitored for the first time in more than a year.” At the same, there was… Read More

June 13, 2024 @ 8:29 am By Omar Faridi  |  

In May, HeavyFinance says that it saw the investor community allocate “a total of €1.04M across 37 agricultural projects” using the European platform. As of the end of May 2024, HeavyFinance reveals that a significant sum of €55.92M was “issued in loans since the inception… Read More

June 13, 2024 @ 8:17 am By Omar Faridi  |  

ClearBank explains that cost-effective access to Faster Payments System (FPS) is offering all the advantages of the UK’s faster payments infrastructure to UK resident customers, without incurring the “costs of being a direct scheme member.” According to ClearBank, there has been significant growth in UK… Read More

June 13, 2024 @ 6:00 am By JD Alois  |  

Blockchain firm IOTA has been selected to participate in the European Blockchain Sandbox. According to a blog post, IOTA will be participating in the Sandbox with its Web3 identification product. IOTA says the solution tokenizes all kinds of identification processes, enabling identity verification in Web3 environments… Read More

June 12, 2024 @ 11:55 pm By Omar Faridi  |  

Santander recently announced that Zinia, its digital consumer finance platform, will become the new consumer finance provider for Apple in Germany. Zinia will aim to offer customers purchasing Apple products “both in Apple stores and online at apple.de the option to defer payments by splitting… Read More

June 12, 2024 @ 10:51 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, saw robust customer growth in Hong Kong, with its transacting customer base increasing by 79% YoY in the first quarter of 2024. Reflecting the strong customer growth, Airwallex Hong Kong also “recorded a 108% YoY… Read More