Global

January 8, 2024 @ 8:21 am By Tony Zerucha  |  

The United Kingdom’s Financial Conduct Authority (FCA) has imposed fines on three money transfer firms after they admitted to fixing prices charged to consumers in Glasgow, Scotland. Dollar East (International Travel & Money Transfer) Ltd; Hafiz Bros Travel & Money Transfer Limited; and LCC Trans-Sending… Read More

January 8, 2024 @ 8:18 am By Omar Faridi  |  

Global Fintech Airwallex has reportedly announced the appointment of Nadav Tamam in order to spearhead its enterprise business focused on Israel and the Middle East region. As reported by news outlets focused on Israel, Tamam has prior experience working at firms like Google as well… Read More

January 7, 2024 @ 6:39 pm By Omar Faridi  |  

Business leaders in the financial services sector are feeling optimistic moving into 2024, according to new research from KPMG UK. The survey of senior executives working in the sector found “that 87% are ‘confident’ when it comes to overall business growth in the first quarter… Read More

January 7, 2024 @ 6:37 pm By Omar Faridi  |  

Heavyfinance CEO Laimonas Noreika has commented on how far the HeavyFinance has come in just a year, and the strides they’ve made in “advancing sustainable agriculture and climate-conscious investments.” The Heavyfinance CEO said that the year commenced with a key achievement — securing €3 million… Read More

January 7, 2024 @ 6:28 pm By Omar Faridi  |  

Norlantic Capital, a cross-border private markets firm, was established specifically to provide next-gen private equity investors—European and U.S. high-net-worth individuals, wealth managers, and family offices—diversified access to one of the most dynamic, diversified, and “fast-growing” markets in the world. The firm claims that it offers… Read More

January 7, 2024 @ 6:21 pm By Omar Faridi  |  

BBVA is looking to spot and train the best in-house talent in the use of the large language models (LLMs) that are behind the success of the likes of ChatGPT, as it drives the exploration of projects based on generative artificial intelligence. To succeed in… Read More

January 7, 2024 @ 6:19 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) claims that it’s on a mission to increase economic freedom for more than 1 billion people. In support of this mission, Coinbase says that it’s focused on “building the most trusted, compliant products and services and expanding their use around the world.” Coinbase‘s… Read More

January 7, 2024 @ 5:30 pm By Omar Faridi  |  

The team at Coincover thinks the crypto industry could be on an upward trajectory heading into 2024 with the anticipation of approval for a Bitcoin ETF and “a remarkable 51% decline in hacks in 2023.” Coincover‘s Head of Legal, Yoann Leokowitz, has recently shared his… Read More

January 7, 2024 @ 5:05 pm By Omar Faridi  |  

Intergiro, a Swedish fintech provider of payment and banking infrastructure, has announced a new partnership with Silverflow, a cloud platform for global card processing. This move will allow Intergiro to “offer its clients enhanced card network functionality, increased processing efficiency, and access to card scheme… Read More

January 7, 2024 @ 4:56 pm By Omar Faridi  |  

Klarna, the AI powered global payments network and shopping assistant, announced  Matthew Miller will join the boards of Klarna Holding AB and its subsidiary, Klarna Bank AB. Miller is “a long-standing Partner at Sequoia focused on early and growth stage investments in technology companies across… Read More

January 7, 2024 @ 4:54 pm By Omar Faridi  |  

Kyle Waters and Tanay Ved from Coin Metrics noted that digital assets rebounded sharply in 2023 as market conditions “improved across the board and institutional interest accelerated alongside the impending launch of a spot Bitcoin ETF.” Looking to 2024, there are a number of important… Read More

January 6, 2024 @ 4:46 pm By Omar Faridi  |  

Every quarter, Carta releases information on the startup ecosystem in their State of Private Markets report. Carta‘s “first cut” of data as close to the end of the quarter as possible has been shred. This initial analysis focuses “on round valuations and cash raised across… Read More

January 6, 2024 @ 4:42 pm By Omar Faridi  |  

The venture market downshifts further in 2023, with dealmaking and funding totals falling to 6-year lows, according to an update shared by CBInsights. Q4’23 was the “harshest” quarter for global VC in 6 years, the CBInsights team noted. However, the down market has “revealed a… Read More

January 6, 2024 @ 4:34 pm By Omar Faridi  |  

Faster, cheaper, and more transparent cross-border payment services have “the potential to improve many lives by supporting economic growth, international trade, global development, and financial inclusion.” This, according to an update shared by the International Monetary Fund (IMF). The Group of Twenty has prioritized such… Read More

January 6, 2024 @ 10:28 am By Omar Faridi  |  

New data from Nationwide shows that cash usage continues “to rise as many households respond to the cost-of-living crisis by budgeting with physical money.” That data also shows where the building society is “the last remaining branch in town, the growth in usage is at… Read More

January 6, 2024 @ 8:22 am By Tony Zerucha  |  

The United Kingdom’s Financial Conduct Authority (FCA) is taking steps to ensure folks maintain access to physical currency in an increasingly digital society. The agency proposed new rules to maintain reasonable access to cash for personal and business customers across the UK. This follows new… Read More

January 6, 2024 @ 8:11 am By Omar Faridi  |  

MultiBit, a dual sided bridge between EVM and bitcoin, has introduced Alchemy Pay’s On-Ramp solution on its website. This integration reportedly enhances user convenience, “enabling them to utilize their chosen fiat payment methods effortlessly to acquire $MUBI token on MultiBit’s platform. Furthermore, the $MUBI token… Read More

January 6, 2024 @ 8:10 am By Michael Wong  |  

KuCoin Labs, the incubator and investment arm of the KuCoin ecosystem, has announced its investment in DeMR, a decentralized Mixed Reality (MR) infrastructure built on the Solana Chain. This development marks the beginning of a comprehensive collaboration focusing on community operations and subsequent product development,… Read More

January 5, 2024 @ 12:23 pm By Omar Faridi  |  

Investment platform Lightyear announces a “record” year of investment activity on the platform. Seeing nearly 20% month-on-month growth in assets under management (AUM), the appetite for investing – despite another rollercoaster year for the public markets – remains high. In 2023, the company also “increased… Read More

January 5, 2024 @ 12:19 pm By Omar Faridi  |  

The most notable crypto narratives in 2023 were focused on initiatives around artificial intelligence (AI), GameFi, and meme coins, which captured “one-third of investor interest,” according to an update shared by CoinGecko. CoinGecko noted in its report that the Solana ecosystem, BRC-20 tokens, and real-world… Read More