Global

January 5, 2024 @ 12:14 pm By Omar Faridi  |  

Nu Colombia, a subsidiary of Nubank (NYSE:NU) in the country, announced that the Financial Superintendence of Colombia (SFC) has officially approved its application to operate as a financing company. This achievement not only “marks a significant milestone for Nu Colombia but also paves the way… Read More

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

Adyen (AMS: ADYEN), the global financial platform of choice for leading companies, is pleased to announce that the company is entering a partnership with Straumur, a subsidiary of Kvika. Straumur is a payment provider that “processes payments in several verticals on the Icelandic market, including but… Read More

January 5, 2024 @ 11:11 am By JD Alois  |  

The UK is a top Fintech hub recognized globally for its innovation in financial services. The country has always punched above its weight class when it comes to Fintech and in the past led the charge for Fintech funding in all of Europe. A new… Read More

January 5, 2024 @ 9:37 am By Omar Faridi  |  

Digital securities are broadly acknowledged as the future of all securities. Yet, progress has been slow for regulators around the world to craft the needed rules to enable digital to replace existing analog securities. The advent of distributed ledger technology (DLT), or blockchains, is expected… Read More

January 5, 2024 @ 8:54 am By Omar Faridi  |  

Central and Eastern Europe (CEE) is set to become the next “great place” to invest in as Western European businesses “seek new places to nearshore, offshore, or get access to growing consumer markets,” according to an update from iBanFirst. iBanFirst, a global provider of foreign… Read More

January 5, 2024 @ 8:47 am By Omar Faridi  |  

OKX Ventures, the investment arm of OKX, released a detailed report on the current state and future prospects of the stablecoin market. The report provides an in-depth analysis of the stablecoin sector’s growth patterns, innovations, and future directions. Key highlights from the report include: Market… Read More

January 5, 2024 @ 8:44 am By Omar Faridi  |  

Visa (NYSE: V), a digital payments firm, announced the launch of the Visa Web3 Loyalty Engagement Solution. The new value-added service reportedly aims to usher in “the future of customer engagement and loyalty, helping brands meet next-generation customers where they increasingly are – in digital… Read More

January 5, 2024 @ 8:43 am By Omar Faridi  |  

Accenture (NYSE: ACN) has completed the acquisition of 6point6, a U.K. technology consultancy, specializing in cloud, data, and cybersecurity. The acquisition enhances Accenture’s strategy and architecture capabilities, “with a particular emphasis on central government, defense and security, and financial services.” The acquisition was previously “announced… Read More

January 4, 2024 @ 11:08 pm By Omar Faridi  |  

Starknet’ has shared its reflections and 2024 predictions with CI. The selection of reflections and predictions are from key players within the Starknet ecosystem and StarkWare. Starkware is reportedly “the main developer behind StarkNet, a layer-2 blockchain in the Ethereum ecosystem.” Eli Ben-Sasson, co-founder and… Read More

January 4, 2024 @ 11:07 pm By Omar Faridi  |  

Dubai Duty Free, which claims to be one of the largest travel retail operators, announced its partnership with Alipay+ in order “to power a seamless travel and checkout experience for international visitors.” Consumers from South Korea, Singapore, the Philippines, Thailand, Mongolia, Italy as well as… Read More

January 4, 2024 @ 11:05 pm By Omar Faridi  |  

Marco Manoppo, the Research Director at Digital Asset Research, notes that Vitalik Buterin had revealed the Ethereum 2024 roadmap highlighting key priorities. As noted in a post by Manoppo, it has 6 core elements: the Merge, Surge, Scourge, Verge, Purge, and Splurge. As mentioned in… Read More

January 4, 2024 @ 6:10 pm By Omar Faridi  |  

As demand for generative AI in the legal sector increases, Robin AI, the AI-powered legal copilot, today announces that it has raised $26 million in new funding. The Series B investment round is “led by Temasek, a global investment company headquartered in Singapore.” Other investors… Read More

January 4, 2024 @ 5:10 pm By Omar Faridi  |  

Wirex, a Web3 money platform, announced a significant enhancement in its measures to combat Dark Web activities and money mule threats. The company has reportedly “incorporated ZeroFox’s Dark Web Monitoring tool into its system, creating a unified solution.” This way, a combination of human and… Read More

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

CertiK has released its latest report, titled Hack3d: The Web3 Security Report for 2023. CertiK’s Hack3d reports offer deep dives “into the exploits, vulnerabilities, and trends that define blockchain and smart contract security.” According to CertiK, they’re an invaluable resource “for anyone seeking to understand… Read More

January 4, 2024 @ 1:36 pm By Omar Faridi  |  

Jeff Owens, co-founder of Haven1, says that any impact a potential spot bitcoin ETF rejection by the SEC has on the DeFi market will “be temporary and has nothing to do with fundamentals in the space.” However, he says that “in the short term, lower… Read More

January 4, 2024 @ 10:58 am By JD Alois  |  

Bumper, an automobile payments Fintech, has raised $48 million in Series B funding, according to a note from the company. The funding round was led by Autotech Ventures with participation from Shell Ventures, JLR’s InMotion Ventures, Porsche Ventures, and Revo Capital. To date, Bumper has… Read More

January 4, 2024 @ 10:44 am By JD Alois  |  

UK-based Fintech Capital on Tap has selected Damian Brychcy to be its new Chief Executive Officer. Brychcy replaces David Luck, who will become the Executive Chairman of the firm. Brychcy was previously the company’s Chief Product Officer. Luck said he would work closely with Brychcy to… Read More

January 4, 2024 @ 9:34 am By JD Alois  |  

LendInvest Mortgages says it has “drastically” reduced residential rates in an effort to enable first-time buyers and boost its business. For credit-impaired borrowers, LendInvest says rates now start at 5.49% – a reduction of 55 basis points. Paula Mercer, Head of Sales at LendInvest Mortgages,… Read More

January 4, 2024 @ 8:38 am By Omar Faridi  |  

As the new year unfolds, Loqbox, a UK-based financial wellbeing business, reveals compelling insights from a survey of over 2,300 of its members, “indicating a commitment to financial health among Britons in 2024.” Key findings shared by Loqbox with CI: Financial goals to take center… Read More

January 4, 2024 @ 8:31 am By Omar Faridi  |  

Kathy Gormley, the AML Product Manager at Resistant AI, a start-up using machine-learning techniques to protect organizations from fraud, says that APP scams are on the rise, and financial institutions are under pressure to stem the flow of ill-gotten gains from these crimes. The Payment… Read More