Global

May 1, 2024 @ 8:04 am By Omar Faridi  |  

OakNorth, which says it is the digital bank for entrepreneurs, by entrepreneurs, has completed a £1.3m loan to Caissa Holdings, in support of its first commercial property acquisition in Scotland. The time-critical deal was completed within a month, “highlighting OakNorth’s execution and delivery capability.” Caissa… Read More

May 1, 2024 @ 8:02 am By Omar Faridi  |  

The Malta Financial Services Authority (MFSA), through its Financial Supervisors Academy (FSA), recently carried out a session focused on “The Future of Securities Supervision: A 2035 Outlook.” Chaired by MFSA Chief Officer Supervision, Christopher P. Buttigieg, the discussion brought together figures from European Union regulatory… Read More

May 1, 2024 @ 7:54 am By Omar Faridi  |  

Monument Bank is pleased to announce a significant milestone in their journey of growth. After reaching £1 billion in deposits on 3rd January this year, they have now reportedly “crossed the £2 billion mark in client deposits this morning, doubling their balances in less than… Read More

April 30, 2024 @ 11:50 pm By JD Alois  |  

Specialty lender Capify has received a $125 million credit facility from Pollen Street Capital. Capify is an online lender that offers financing solutions to SMEs seeking working capital. Originally started in the US, the company also serves the SME market in the UK and Australia…. Read More

April 30, 2024 @ 6:36 pm By Omar Faridi  |  

The majority of Australia’s mid-market businesses are still feeling cautiously optimistic, the annual KPMG Enterprise pre-Budget survey finds. But nearly a quarter say business growth is “being significantly impacted by the cost of living, while cost and margin pressures are the top concern of mid-market… Read More

April 30, 2024 @ 3:58 pm By Omar Faridi  |  

The Federal Trade Commission (FTC) recently issued a key notice, warning consumers of scammers impersonating FTC staff members in “attempts to steal money from innocent victims.” Blockchain firm Chainalysis has analyzed these developments in a comprehensive update. According to the FTC, these scammers typically “fabricate… Read More

April 30, 2024 @ 1:49 pm By Omar Faridi  |  

Compliance teams are facing escalating pressures driven by greater regulatory scrutiny and macroeconomic challenges, according to the 2024 Annual Compliance Health Check Report from SteelEye, the firm behind the industry’s integrated surveillance solution. The survey found that 56% of firms are “investing in communications surveillance,… Read More

April 30, 2024 @ 11:40 am By JD Alois  |  

Earlier this month, Equitise, a securities crowdfunding platform operating in New Zealand and Australia, received an “infringement notice” from the New Zealand Financial Markets Authority (FMA). According to the FMA, Equitise had failed to file its financial statements prior to the deadline, among other concerns about… Read More

April 30, 2024 @ 10:26 am By Omar Faridi  |  

UK small business hiring continued to show signs of recovery in the face of a challenging macroeconomic environment, with employment rising 1.4% year-on-year (y/y) in the first quarter of the year (January-March 2024). According to the latest Xero Small Business Insights (XSBI) data from global… Read More

April 30, 2024 @ 8:46 am By Omar Faridi  |  

Ripple, the provider of enterprise blockchain and crypto solutions, has entered into a strategic partnership with HashKey DX, the Tokyo-based specialized consulting company of the HashKey Group, to introduce XRP Ledger (XRPL)-powered enterprise solutions to the Japanese market. HashKey Group has achieved significant success “with… Read More

April 30, 2024 @ 8:42 am By Omar Faridi  |  

Tether, which claims to be one of the largest companies in the digital asset industry, announced that it has made a strategic investment of $200 million into Blackrock Neurotech, the enabler of Brain-Computer-Interface (BCI) technology, through its newly formed venture division Tether Evo. With this… Read More

April 29, 2024 @ 11:45 pm By Omar Faridi  |  

ETC Group is announcing the launch of its latest Exchange-Traded Product (ETP) on Deutsche Börse XETRA. The ETC Group Core Bitcoin ETP (ticker BTC1; ISIN DE000A4AER62) has “been tailored specifically for benchmark-conscious, long-term buy-and-hold investors, and global institutional investors with extended liquidity and risk management… Read More

April 29, 2024 @ 11:36 pm By Omar Faridi  |  

Digital Asset has released a report highlighting developments related to the tokenization and on-chain adoption of Real-World Assets (RWAs). The report from Digital Asset Research “includes details on centralized industry players and asset class coverage, as well as coverage of select decentralized finance protocols working… Read More

April 29, 2024 @ 10:36 pm By Omar Faridi  |  

A collective sense of measured “optimism” developed throughout Q1 2024, as the S&P 500 recorded its best-performing first quarter since 2019, the FT Partners team noted in a research report covering Fintech ecosystem developments. The Fintech focused research report from FT Partners pointed out that… Read More

April 29, 2024 @ 5:42 pm By Omar Faridi  |  

Carta has released its latest report, titled, State of Pre-Seed: Q1 2024. Carta notes in the research report that fundraising for pre-seed companies “stayed robust in Q1 2024, dominated by SAFEs and convertible notes; valuation caps remained flat.” While commenting on the actual definition/criteria for… Read More

April 29, 2024 @ 3:38 pm By Omar Faridi  |  

Equifax (NYSE: EFX) Workforce Solutions continues to help businesses transform the employee experience with the launch of Forms HQ, a new offering designed to help automate the delivery, completion, and tracking of essential employee forms, “including those related to onboarding, tax withholding, state requirements, annual notices,… Read More

April 29, 2024 @ 2:45 pm By Omar Faridi  |  

Mid-sized banks have a big opportunity to maximize revenue potential and improve client experiences by transitioning to embedded banking, and to realize the full benefits of this transition, they need to leverage virtual ledgers, a report by tech payments company Finzly and Datos found. The… Read More

April 29, 2024 @ 1:55 pm By JD Alois  |  

TerraPay and VM Money Transfer Services (VMTS) have partnered to offer services in Jamaica. According to a company release, the two firms will enable transfers for individuals looking to move money between Jamaica and much of the rest of the world. This new agreement means… Read More

April 29, 2024 @ 1:46 pm By Omar Faridi  |  

The team at digital asset firm OKX is announcing a strategic investment in CARV, which is described as one of the largest modular data layers for Gaming and AI. OKX noted in a blog post that they’re making their new investment in CARV, the largest… Read More

April 29, 2024 @ 11:06 am By JD Alois  |  

Real estate crowdfunding platform GenoCrowd has launched the fourth projectwith the AS Group of companies. The AS Group is a real estate investor, investment manager, and developer based in Berlin with subsidiaries in Hamburg, Leipzig, Magdeburg, Cologne, and Frankfurt am Main. The company focuses on… Read More