Global

March 30, 2024 @ 5:36 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, is partnering with Adobe Commerce to deliver flexible online and offline payments solutions to global enterprise merchants operating on Adobe Commerce. The payments partnership enables Adobe Commerce customers “to simplify and scale their… Read More

March 30, 2024 @ 5:34 pm By Omar Faridi  |  

Digital money, when carefully managed, can potentially aid Pacific Island growth and equality, according to an update shared by the IMF. A cautious step-by-step approach would help the region “explore new technologies effectively to deliver economic and social gains while managing risks,” the International Monetary… Read More

March 30, 2024 @ 10:37 am By Omar Faridi  |  

To ensure a “trusted” and secure digital identity for all Europeans, the European Council adopted a new framework for a European digital identity (eID). Mathieu Michel, Belgian Secretary of State for digitization, administrative simplification, privacy protection and the building regulation: The adoption of the European… Read More

March 30, 2024 @ 10:33 am By Omar Faridi  |  

Real World Assets (RWAs) in crypto have a long history, starting with fiat-backed stablecoins such as Tether (USDT), according to an update shared by CoinGecko. However, since the introduction of DeFi in 2020, and the bear market of 2022, a more diverse variety of RWAs… Read More

March 29, 2024 @ 5:51 pm By Omar Faridi  |  

Australian digital wallet provider and payment startup Stables has announced the launch of international remittances for its thousands of users (focusing on the AU-PH Corridor). From today, Stables users in over 130 countries can send Australian Dollars or Philippine Pesos to over 140 million people… Read More

March 29, 2024 @ 4:01 pm By Omar Faridi  |  

Making crypto compliant with existing regulatory frameworks and interoperable with traditional legal and financial systems is “an enormous yet hugely worthwhile task,” according to Binance, which remans the world’s largest crypto exchange in terms of trading volume and overall scope of operations. This, despite having… Read More

March 29, 2024 @ 3:45 pm By Omar Faridi  |  

The AMF is warning the public against several companies proposing “atypical” investments without being authorized to do so The Autorité des Marchés Financiers regularly updates its black lists of new websites and entities “proposing atypical investments to investors in France without being authorized to do… Read More

March 29, 2024 @ 1:42 pm By Omar Faridi  |  

Derivitec, an independent software vendor with a mission to make quality risk analytics universal and affordable, has established an office in New York following a rapid rise in user numbers amongst its US clients. This significant milestone demonstrates Derivitec’s long-term commitment “to supporting some of… Read More

March 29, 2024 @ 12:38 pm By Michael Wong  |  

Pacific Island nations are poised to harness the digital money revolution to enhance their financial systems, improve financial inclusion, and counteract the decline in correspondent banking relationships, according to research conducted by the International Monetary Fund (IMF). The geographic isolation, small size, and distinct challenges… Read More

March 29, 2024 @ 11:43 am By Omar Faridi  |  

HID, a worldwide enabler of trusted identity solutions, in partnership with Temenos, a global provider of banking software solutions, announces a collaboration with Santander International to provide robust and flexible customer authentication for its digital banking platform. Santander International, like all modern financial institutions, “faces… Read More

March 29, 2024 @ 10:14 am By Omar Faridi  |  

The new HCCH Project focused on an extensive study of digital tokens. After the conclusion and decision at its 2024 meeting by the governing body of the HCCH, the Council on General Affairs and Policy (CGAP), the Permanent Bureau has recently begun its work that… Read More

March 29, 2024 @ 9:45 am By Omar Faridi  |  

Integra Insurance and Reinsurance Broking Services is to become the first Turkish broker to roll out CyberCube’s Broking Manager, the cyber risk analytics platform for insurance intermediaries. Integra reportedly holds a key position in the Turkish market “as the leading cyber insurance broker.” It will… Read More

March 29, 2024 @ 8:30 am By Omar Faridi  |  

Manhattan US District Court Judge Jed S. Rakoff has given a major blow to Terraform Labs and its founder Do Kwon. Recently, Judge Rakoff dismissed a mistrial bid that was reportedly related to disclosures regarding the Terraform’s alleged deception. The notable decision was announced during… Read More

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

Alchemy Pay has invested in LaPay UK Ltd, a Fintech dedicated to facilitating international business growth for companies. LaPay holds an Authorised Payment Institution (API) License in the UK “with reference number 914920 and is regulated by the UK Financial Conduct Authority (FCA).” The strategic investment… Read More

March 29, 2024 @ 8:09 am By JD Alois  |  

Monzo, a UK-based digital bank, says it now can accept accounts from Limited Companies owned by other firms. These firms may now apply for a business account. In a blog post, Monzo explains that many Limited Companies are owned by individuals, but as the company… Read More

March 29, 2024 @ 7:58 am By Omar Faridi  |  

The UK’s HM Treasury is reportedly considering or looking into possibly making changes to its existing Anti-Money Laundering and Counter-Terrorist Financing (AMLCFT) framework. This may potentially mean that service providers of non-fungible token (NFT) trading platforms could get added within the applicable regulatory framework. At… Read More

March 29, 2024 @ 7:53 am By Omar Faridi  |  

Coro, the cybersecurity platform purpose-built for small and medium-sized enterprises (SMEs), announced it has secured $100 million in Series D funding led by One Peak, with participation from existing investors Energy Impact Partners and Balderton Capital. This investment round brings the total funds “raised to… Read More

March 29, 2024 @ 7:34 am By Michael Wong  |  

Bavest, a Frankfurt/Munich-based business-to-business fintech firm, has announced raising €1.1 million (about $1.2 million) in a pre-seed funding round, signaling strong market confidence in its innovative financial infrastructure solutions. The investment round draws support from a notable group of backers, including Bitpanda co-founder Christian Trummer,… Read More

March 28, 2024 @ 7:07 pm By Omar Faridi  |  

Talos, the provider of institutional digital asset trading technology, announced its integration with TP ICAP’s Fusion Digital Assets, a UK-regulated spot crypto digital assets exchange registered with the Financial Conduct Authority (FCA). The collaboration between Talos and TP ICAP “underscores a shared objective to promote… Read More

March 28, 2024 @ 2:50 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the world’s largest digital financial services platforms, has just reached the milestone of four million customers in Nubank PJ, which offers solutions for entrepreneurs. This number represents an increase of “around 50% compared to the previous year,… Read More