Global

February 3, 2024 @ 10:35 am By Omar Faridi  |  

Kaldi App, whose developers are on a mission is to transform the savings habits of Gen Z & Millennials by getting them to save earlier & better, has raised £472,875 from 140 investors at the time of writing with 25 days left in the firm’s crowdfunding… Read More

February 2, 2024 @ 5:42 pm By Omar Faridi  |  

The new SIX Reference Rate Crypto Indices and SIX Real-Time Crypto Indices cover the major crypto assets Bitcoin (BTC) and Ethereum (ETH), giving a comprehensive snapshot of the market and its performance. Built on a transparent rules-based methodology, the indices aim to “foster clarity and… Read More

February 2, 2024 @ 5:39 pm By Omar Faridi  |  

CyberCube, the enabler of cyber risk analytics for the insurance industry, marked the end of a positive year of strong growth, “surpassing 100 insurance organizations licensing CyberCube solutions.” As the cyber insurance market grows in size and sophistication, analyzing, assessing, and quantifying the impact of… Read More

February 2, 2024 @ 2:46 pm By Omar Faridi  |  

Wirex, a Web3 money app, is pleased to introduce early access to WPay, which is describe as a decentralized payment network, utilizing the capabilities of the Wirex platform. WPay reportedly solves problems “related to intermediaries, custody risks, and slow, expensive settlements.” With WPay, users can… Read More

February 2, 2024 @ 2:31 pm By Omar Faridi  |  

Corvus Insurance, the cyber underwriter powered by a proprietary AI-driven cyber risk platform, today released its Q4 2023 Ransomware Report. Featuring data collected from ransomware leak sites, the report shows “that while Q4 attacks were down slightly from Q3 2023, ransomware activity for the year… Read More

February 2, 2024 @ 2:29 pm By Omar Faridi  |  

Cryptocurrency exchange Binance has reportedly frozen $4.2 million in XRP tokens that are said to be tied or linked to this past week’s $120 million exploit. This, according to an update shared via social media by Binance CEO Richard Teng. Teng noted via X that… Read More

February 2, 2024 @ 12:34 pm By JD Alois  |  

Upstream, part of MERJ, is reporting over 12,500 users. MERJ, a stock exchange based in Seychelles, is regulated by the Financial Services Authority. Self-described as a “global stock exchange for digital securities,” Upstream is an online platform that enables investors to trade shares in IPOs,… Read More

February 2, 2024 @ 10:53 am By JD Alois  |  

The Australian Securities and Investments Commission (ASIC) has received a “court-enforceable” decision addressing the operations of Elepay (Elevare Pay Easy Pty Ltd), a buy now pay the later provider (BNPL). According to a statement issued by ASIC, Elepay failed to Target Market Determination (TMD) before… Read More

February 2, 2024 @ 10:36 am By JD Alois  |  

Property investment platform CrowdProperty has received £ 3 million in funding from Canada-based Flow Capital Corp. The company said the capital infusion will enable it to accelerate its existing innovation and growth plans. CrowdProperty said it is planning some platform upgrades as well as increasing… Read More

February 2, 2024 @ 7:45 am By Omar Faridi  |  

The US Department of Justice (DOJ) has reportedly unsealed indictments that have been made against three people for allegedly stealing more than $400 million from the bankrupt crypto exchange FTX. These three individuals had allegedly carried out a sophisticated SIM-swapping technique in order to gain… Read More

February 2, 2024 @ 7:43 am By Omar Faridi  |  

The “explosion” of generative AI [artificial intelligence] saves the AI sector from the worst of the venture drought, according to an update from CBInsights. The CBInsights team notes that although AI venture activity slowed down in 2023, the sector — and particularly, generative AI —… Read More

February 2, 2024 @ 7:41 am By Omar Faridi  |  

Robinhood (NASDAQ: HOOD) explains that it was founded on a simple idea: that their financial markets should be accessible to all. With customers at the “heart” or core of their decisions, Robinhood claims that it is lowering barriers and “providing greater access to financial information… Read More

February 2, 2024 @ 6:11 am By Omar Faridi  |  

Wealth Dynamix, a provider of Client Lifecycle Management solutions, announced Wealth Dynamix is available on Temenos Exchange, the partner ecosystem of integrated fintech solutions. The Wealth Dynamix solution enables firms “to support the full end-to-end client lifecycle, helping deliver more proactive, efficient and engaging prospecting,… Read More

February 1, 2024 @ 10:34 pm By JD Alois  |  

The European Union (EU) is pursuing a policy to improve the environment for listings on the various European stock exchanges. According to a statement issued today, the European Council and Parliament have now reached a consensus on a “provisional agreement” for a package that will… Read More

February 1, 2024 @ 10:03 pm By Omar Faridi  |  

Plumery, a mobile and digital banking technology provider, and Sumsub, a global full-cycle verification platform, are partnering up, according to a joint statement. Within the partnership, Plumery has integrated Sumsub‘s capabilities “into its new-generation ‘Headless’ digital banking engagement platform, launching first with Sumsub’s Know Your… Read More

February 1, 2024 @ 9:22 pm By Omar Faridi  |  

Kvarn Capital, a digital asset firm licensed under the Finnish Financial Supervisory Authority (FIN-FSA), has chosen Talos as its technology provider to empower Kvarn X, its brokerage platform, to “provide advanced brokerage services to its individual and institutional clients.” This integration includes access to Talos’s… Read More

February 1, 2024 @ 7:58 pm By Omar Faridi  |  

Banco Santander has announced the appointment of Petri Nikkilä as the new global CEO of Openbank and head of the Digital Consumer Bank’s non-auto consumer business. Mr. Nikkilä succeeds Ezequiel Szafir, who “was Openbank’s CEO until last year, and will report to Daniel Barriuso, head… Read More

February 1, 2024 @ 7:48 pm By Omar Faridi  |  

Conferma Pay has partnered with ConnexPay to allow businesses to simplify their payments processes by issuing virtual cards for improved cash flow management. The partnership brings together Conferma Pay’s virtual card ecosystem and ConnexPay’s virtual card issuing engine and real-time funding processes “to create a… Read More

February 1, 2024 @ 3:42 pm By JD Alois  |  

OurCrowd, a global online investment platform catering to smaller (accredited) investors, has announced the launch of its Korea-Israel Venture fund – officially labeled NH-OC Global Open Innovation Fund. OurCrowd offers single-company investment opportunities as well as a growing list of sector funds along with its… Read More

February 1, 2024 @ 12:49 pm By Omar Faridi  |  

Tether Holdings Limited (BVI) released its assurance opinion for the fourth quarter of 2023, conducted by BDO, an independent auditing firm. This attestation reportedly reaffirms “the accuracy of Tether’s Consolidated Reserves Report (CRR) and provides a detailed breakdown of the assets held by the Group… Read More