Global

June 10, 2024 @ 4:21 am By Omar Faridi  |  

Quantexa, the global enabler of Decision Intelligence (DI) solutions for the public and private sectors announced that it is partnering with Databricks, the data and artificial intelligence (AI) company, to enable customers “to deploy its Decision Intelligence Platform and Data Management, Customer Intelligence, Risk Management,… Read More

June 9, 2024 @ 5:38 pm By Omar Faridi  |  

Payhawk, the global spend management solution that helps businesses manage company cards and payments at scale across 32 countries, announced its Q1 2024 business performance results and the launch of its Summer Edition product release that “brings flexibility to the way companies manage spend.” Q1… Read More

June 9, 2024 @ 4:11 pm By Omar Faridi  |  

The total market cap of the top 10 Bitcoin-based non-fungible tokens (NFTs), comprising Ordinals and Runes, has surged “to $1.03 billion, with a daily average trading volume of $2.25 million in May 2024, proving their increasing prominence in the world of Web3.” This, according to… Read More

June 9, 2024 @ 4:10 pm By Omar Faridi  |  

Project mBridge continues its development and has reached the minimum viable product (MVP) stage, while broadening its international reach. The project aims to explore a multi-central bank digital currency (CBDC) platform “shared among participating central banks and commercial banks, built on distributed ledger technology (DLT)… Read More

June 9, 2024 @ 4:08 pm By Omar Faridi  |  

NYMBUS, a provider of cloud-based financial technology solutions, is pleased to announce the appointment of Nate Whaley as Chief Revenue Officer (CRO). With a diverse career spanning over four decades, Nate reportedly “brings a wealth of experience and a track record of driving sales and… Read More

June 9, 2024 @ 2:14 pm By Omar Faridi  |  

Juniper Research has recently shared the top 3 uses of next-gen tech in Core Banking. The Juniper Research team notes in a report that the core banking systems market “is well established; however, technological innovation, such as cloud infrastructure, is driving innovation in this sector.”… Read More

June 9, 2024 @ 10:49 am By Omar Faridi  |  

PitchBook has provided a comprehensive update focused on the retail Fintech sector. PitchBook provides insights in its report on Deal value: Retail fintech VC deal value continued to be muted, “declining 15.3% YoY and 30.8% QoQ to $1.9 billion in Q1 2024.” Aside from the… Read More

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