Global

May 29, 2024 @ 11:26 am By JD Alois  |  

Digital asset firm Uphold is now offering a white-label service for issuers and other platforms to leverage digital assets. The crypto exchange is said to serve “millions” of customers in over 14 different countries. The Uphold-as-a-Service is said to offer services beyond digital asset offerings,… Read More

May 29, 2024 @ 11:18 am By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) announced new leadership appointments that will drive the creation of a new advertising platform and strengthen the company’s consumer value proposition. Mark Grether will reportedly join “on May 28 as SVP, General Manager, PayPal Ads, and John Anderson has joined… Read More

May 29, 2024 @ 9:23 am By JD Alois  |  

While everyone knows that digital securities are the future, the path to shift from the analog past to the digital asset future has been a circuitous path. Today, DTCC, Euroclear, and Clearstreem have announced they are working with the Boston Consulting Group to produce a… Read More

May 29, 2024 @ 8:46 am By Omar Faridi  |  

Karim Haji, Global and UK Head of Financial Services at KPMG, comments on today’s March Money and Credit statistical release from the Bank of England. Karim noted: “A rise in consumer borrowing in March signals that many stretched households continue to battle the cost of… Read More

May 29, 2024 @ 8:20 am By Omar Faridi  |  

The British Business Bank has agreed an £100m increase to its existing ENABLE Guarantee transaction with leading fintech Oxbury Bank – a UK bank with a singular focus on farmers, food production and the rural economy. The original £100m transaction, announced in November 2023, and… Read More

May 28, 2024 @ 7:29 pm By JD Alois  |  

Intelligent Money Ltd., a SIPP provider, has entered administration. The UK Financial Conduct Authority (FCA) posted today that the authorized firm entered administration after the Financial Ombudsman Service upheld the final decision pertaining to the platform’s operations. Simultaneously, the company revealed that Quai Administration Services… Read More

May 28, 2024 @ 3:18 pm By Omar Faridi  |  

WealthKernel, a provider of digital investing infrastructure, announced the appointment of James Dingwall as its new Strategic Regulatory Adviser. With a specialized focus on the Appointed Representative framework, Dingwall is expected to be  “a key role in helping WealthKernel navigate the complex regulatory landscape.” Dingwall… Read More

May 28, 2024 @ 12:18 pm By Omar Faridi  |  

UnaFinancial, the parent company of the Robocash investment platform, announced an upcoming release of the audited special purpose consolidated financial statements for the year ended December 31, 2023. The financial statements have been prepared in “accordance with the International Financial Reporting Standards (IFRS) and audited… Read More

May 28, 2024 @ 11:07 am By Omar Faridi  |  

Pascal Gauthier, CEO at Ledger, says that the shipping of their new device, Ledger Stax, has begun for pre-order customers. Pascal Gauthier from Ledger notes in a blog post that the first pre-orders will be “shipped over the coming weeks, and new orders will be… Read More

May 28, 2024 @ 10:54 am By JD Alois  |  

Swiipr, a “travel Paytech” firm, has announced raising £6 million in a Series A funding round led by Octopus Ventures. TX Ventures and Solano Partners also participated in the funding round. Swiipr aims to provide a service for airlines and their disruption payments systems. The… Read More

May 28, 2024 @ 8:44 am By JD Alois  |  

Linked Finance, an online lender serving Irish SMEs, says it has topped €300 million in loans since its launch. The funding has supported over 4200 smaller firms. For 2024, Linked Finance predicts that it will lend, on average, €115,000 per borrower hitting over £80 million… Read More

May 28, 2024 @ 8:25 am By Omar Faridi  |  

B2C2, a global firm focused on institutional liquidity for digital assets, announces it has partnered with Swissquote, the online banking and financial services provider. Developed by Swissquote, Swissquote Exchange (SQX) is “a central limit order book (CLOB) providing deep liquidity as well as a healthy… Read More

May 28, 2024 @ 8:22 am By Omar Faridi  |  

Velotix, a provider of an AI-driven Data Security Platform (DSP), announces a significant investment from Barclays Bank and Capri Ventures. This investment solidifies Velotix’s position as the choice for financial institutions seeking advanced data security solutions. It underscores Velotix’s innovative “approach to securing structured and… Read More

May 28, 2024 @ 8:20 am By Tony Zerucha  |  

Gnosis, the architects of the fully EVM-compatible Layer-1 Gnosis Chain, this week announced the launch of Metri, an on-chain self-custodial wallet operating within the Gnosis ecosystem, allowing a wider set of users to access a realm of decentralized finance applications. Built on the Gnosis Chain,… Read More

May 28, 2024 @ 8:18 am By Omar Faridi  |  

ESTO Holdings OU, an Estonian payment processor and consumer credit provider, today announced an extension of its partnership with Multitude Bank p.l.c., increasing the debt facility to a total of €20 million. This significant boost will aim to accelerate ESTO’s consistent “growth trajectory to empower… Read More

May 28, 2024 @ 3:12 am By Omar Faridi  |  

Colin Cunningham, Head of Tokenization & Alliances at Chainlink Labs, recalls that it was 2008 and he was in the back half of my economics degree when the global financial crisis struck. Insulated from the world behind college walls, Colin Cunningham says he observed former classmates… Read More

May 28, 2024 @ 2:09 am By Omar Faridi  |  

Invoitix AG, a logistics invoicing and financing platform, has issued a digital bond on the Obligate platform. Deployed on the Polygon PoS blockchain and denominated in EUROe, this issuance aims to refinance invoitix’s logistics invoicing activities, “further solidifying its position in the pan-European road logistics… Read More

May 28, 2024 @ 1:22 am By Omar Faridi  |  

UK Finance recently released their latest fraud report. While sharing insights on this key update, the team at Lending Standards Board has provided their perspective on the findings. For background, the LSB is responsible for overseeing the CRM Code, which has reportedly been the “only… Read More

May 28, 2024 @ 1:02 am By Omar Faridi  |  

The severity of data breach risks rose to the highest level in two years during the first quarter of 2024, increasing 31% from the same period last year. TransUnion (NYSE: TRU) unveiled its analysis of data breach trends while also introducing the company’s new identity… Read More

May 28, 2024 @ 12:19 am By Omar Faridi  |  

Sectors more exposed to AI are experiencing almost five times (4.8x) higher growth in labor productivity, according to PwC’s 2024 Global AI Jobs Barometer, released recently. The report, which analyzed “over half a billion job ads from 15 countries, suggests that AI could allow many… Read More