Global

February 21, 2024 @ 7:14 am By Omar Faridi  |  

Circle is discontinuing support for USDC on the TRON blockchain in a phased transition. Effective immediately Circle will no longer mint USDC on TRON. Circle will support Circle Mint customers’ transfer(s) of USDC “to other blockchains through February 2025.” As Circle only serves business and… Read More

February 21, 2024 @ 7:12 am By Omar Faridi  |  

Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, announced new features to “improve the customer experience and help entrepreneurs easily connect with the global economy.” Oren Ryngler, Payoneer Chief Product Officer,… Read More

February 20, 2024 @ 3:54 pm By Omar Faridi  |  

Gemini are pleased to announce the immediate availability of cross collateral on the Gemini derivatives platform — providing clients with more flexible funding options. With the introduction of cross collateral, clients are no longer “limited to only posting GUSD as collateral to trade derivatives on… Read More

February 20, 2024 @ 12:30 pm By Omar Faridi  |  

Crowdfund Insider recently caught up with Kadan Stadelmann, a blockchain developer, operations security professional, and Komodo Platform’s CTO. As a side note, Komodo, a blockchain interoperability and atomic swap technology leader, recently rebranded its flagship end-user application from “AtomicDEX” to “Komodo Wallet” and its “AtomicDEX… Read More

February 20, 2024 @ 11:07 am By JD Alois  |  

Linked Finance has partnered with the Strategic Banking Corporation of Ireland (SBCI) to lend up to €50 million to Irish SMEs. The loans are said to be issued at a discounted rate. Linked Finance is a peer-to-peer (P2P) lending platform serving smaller firms in Ireland…. Read More

February 20, 2024 @ 9:55 am By Omar Faridi  |  

Luzerner Kantonalbank AG (LUKB), Switzerland’s 3rd largest cantonal bank, has rolled out FM Converge, the markets and risk platform for banks and financial institutions. FM Converge comes from Finmechanics Pte. Ltd., the Singapore headquartered fast growing software company. FM Converge is described as “a high… Read More

February 20, 2024 @ 7:54 am By Omar Faridi  |  

BNP Paribas (EPA: BNP), Europe’s global bank, and its Prime Services business published its annual 2024 Alternative Investment Survey. BNP Paribas’ Capital Introduction Group “surveyed 238 allocators in December 2023 and January 2024, who invest or advise on $1.2 trillion in hedge fund assets.” This… Read More

February 20, 2024 @ 7:51 am By JD Alois  |  

Clarity, a firm that aims to “immunize” businesses from Deepfakes and AI-generated “synthetic media,” has raised $16 million in Seed funding in a round led by Walden Catalyst and Bessemer Venture Partners. In a blog post, the company said they are addressing one of the… Read More

February 20, 2024 @ 7:37 am By Omar Faridi  |  

Temenos AG (SWX:TEMN) says it will pursue an independent examination of the claims of financial irregularities raised by Hindenburg Research in a report shared this past week. Bloomberg reported that the review is expected to take less than 5 months. Temenos did not share who… Read More

February 20, 2024 @ 7:25 am By Omar Faridi  |  

PostFinance is launching a new crypto service for Switzerland. PostFinance is a financial service firm that serves over 2.5 million customers in Switzerland. It aims to assist smaller firms in their transition to digital finance including banking, payments, money management and more. PostFinance claims that… Read More

February 19, 2024 @ 11:36 pm By Omar Faridi  |  

UKs Blend Network, which was once described as a peer to peer (P2P) lending service provider but has now become a specialist development finance lender, recently introduced a bridge product intended to support property developers across the United Kingdom. The Blend Network team has explained… Read More

February 19, 2024 @ 11:11 pm By Omar Faridi  |  

Eleving Group has announced unaudited results for the full year of 2023. The company has provided the following operational and financial information: At the end of 2023, Eleving Group has reportedly “recorded €77.2 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) and €191.1… Read More

February 19, 2024 @ 6:40 pm By JD Alois  |  

Bryan Zhang, the co-founder and Executive Director of the Cambridge Centre for Alternative Finance (CCAF), has been appointed to the Board of the UK Financial Conduct Authority (FCA). Zhang commenced his initial three-year term as a non-executive Director today (February 19, 2024). The FCA is… Read More

February 19, 2024 @ 5:44 pm By Omar Faridi  |  

Executives involved in managing digital assets like digital currencies, digital securities, and stablecoins expect digital asset risks to increase and the regulatory environment to become more complex in 2024, according to a recent Deloitte poll. Related investments at most organizations are expected to remain flat,… Read More

February 19, 2024 @ 5:42 pm By Omar Faridi  |  

Solana‘s recently announced integration with Filecoin is described as a significant move away from centralized storage solutions and a key step towards enhancing the reliability and scalability of the Solana blockchain. Solana developers explain that they are utilizing Filecoin to “make its block history more… Read More

February 19, 2024 @ 11:48 am By Omar Faridi  |  

The latest KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, highlighted that ongoing uncertainty around the economic outlook continued to impact hiring decisions at the start of the year. Permanent placements fell at “a sharp and accelerated pace, while the downturn… Read More

February 19, 2024 @ 11:46 am By Omar Faridi  |  

Fintech firm Deel is pleased to launch the new Adjustments API for Global Payroll and EOR, making your payroll processing experience faster and more accurate. Deel explains that the API lets you automatically “sync expenses, bonuses, and allowances data directly onto Deel, so you’ll only… Read More

February 19, 2024 @ 10:20 am By Omar Faridi  |  

From submitting expenses and defining approval workflows to automated reconciliation and employee reimbursements, your spend management operations likely “include many people and processes, and they need a solution that can address your financial needs,” the team at Payhawk notes. Payhawk wrote in a blog post… Read More

February 19, 2024 @ 10:01 am By Omar Faridi  |  

A study from Juniper Research, the researchers focused on payments markets, has found that savings from the adoption of payment automation systems will “allow reinvestment in revenue-generating activities; driving an 18% growth in UK B2B payments by 2028, from 8.7 billion in 2024.” Automation of… Read More

February 19, 2024 @ 9:20 am By Omar Faridi  |  

Revolut is reportedly preparing to introduce a digital assets exchange that will aim to serve advanced or professional crypto traders. As widely reported, Revolut already provides standard cryptocurrency-focused services to around 30 million clients. The new crypto exchange will reportedly aim to provide competitive fees… Read More