Global

December 16, 2023 @ 5:26 pm By Omar Faridi  |  

Visa (NYSE: V), an enabler of digital payments, announced it has entered into a definitive agreement to acquire a majority interest in Prosa, a payments processor in Mexico, to accelerate “the adoption of secure and innovative digital payments in the country.” Under the agreement, Prosa… Read More

December 16, 2023 @ 5:25 pm By Omar Faridi  |  

Revolut, the financial global super app with over 35 million customers worldwide, has announced that its customers have raised over £1 million in order “to support refugees around the world through UK for UNHCR, the UN Refugee Agency’s national partner for the UK.” The milestone… Read More

December 16, 2023 @ 5:22 pm By Omar Faridi  |  

In a key development for wholesale finance and digital asset markets, the initiation of the Sterling Fnality Payment System (£FnPS) brings together the institutional quality of central bank funds in a systemic wholesale payment system with the functionality and resilience of blockchain tech. Lloyds Banking… Read More

December 16, 2023 @ 1:33 pm By Michael Wong  |  

The International Monetary Fund (IMF) Managing Director’s recent visit to Korea highlighted the urgency of establishing stringent regulations for the cryptocurrency sector. Addressing a conference in Korea, Kristalina Georgieva emphasized the critical need for robust rules in managing the risks associated with digital currencies, drawing… Read More

December 16, 2023 @ 9:49 am By Omar Faridi  |  

U.S. retail investors are more scared about the prospect of losing money than possibly missing out on the next big opportunity according to new research from trading and investing platform eToro. eToro’s Rethinking Risk research reveals “that 61% of U.S. retail investors say that their… Read More

December 16, 2023 @ 8:44 am By Michael Wong  |  

The online lending sector in India is witnessing a significant upswing, as highlighted in a recent report by the Fintech Association for Consumer Empowerment (FACE). The report details a notable annual growth of 39% in digital loan disbursement volumes and a 43% increase in value,… Read More

December 16, 2023 @ 8:41 am By Omar Faridi  |  

Promon, the provider of application shielding technology responsible for recently uncovering FjordPhantom, an emerging cyber threat targeting banks in Southeast Asia, reveals the findings of its research into “the susceptibility of the world’s top banking apps to this sophisticated new strain of malware.” In September… Read More

December 16, 2023 @ 5:45 am By Omar Faridi  |  

The e-commerce enablement startup ecosystem has reportedly experienced a modest contraction in both deal value and count in Q3, “totaling $1.6 billion across 93 deals, decreases of 16.3% and 17.0%, respectively,” according to a recent update from Pitchbook. Pitchbook noted that both figures “reflect more… Read More

December 15, 2023 @ 6:15 pm By Omar Faridi  |  

Deloitte announced expanded collaborations with academic institutions, including MIT Sloan School of Management, NYU Stern Executive Education and Center for Sustainable Business, and most recently, Arizona State University, to “create a differentiated, integrated learning program intended to enhance Deloitte professionals’ ability to help guide clients… Read More

December 15, 2023 @ 5:05 pm By Omar Faridi  |  

The Swiss credit fintech Teylor and digital asset custody and tokenization provider Taurus launch the Teylor ledger-based security, aiming “to make SME credit accessible as an asset class.” Teylor originates and manages SME loans “through its Teylor credit platform.” By tokenizing part of this credit… Read More

December 15, 2023 @ 3:20 pm By Omar Faridi  |  

ClearBank announced that it is appointing former Starling Bank and Barclays executive Megan Cooper as Chief Product Officer. Cooper will reportedly “lead ClearBank’s product management team and develop product strategy.” ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, recently confirmed in… Read More

December 15, 2023 @ 3:05 pm By Omar Faridi  |  

The British Business Bank has launched an asset-based lending variant of the Recovery Loan Scheme. The asset-based lending variant aims to “broaden the support available for small businesses in the UK to access finance through the Recovery Loan Scheme, making use of a broad range… Read More

December 15, 2023 @ 11:50 am By Omar Faridi  |  

Digital asset firm Gemini is introducing their 2024 Crypto Trend Report. Before they explore the innovation and “promise” they see on the horizon, Gemini thinks it’s important to reflect on a volatile and challenging 2023. As mentioned in a blog post by Gemini, reverberations from… Read More

December 15, 2023 @ 11:24 am By JD Alois  |  

The ERC3643 Standard has achieved Final Status in the Ethereum Improvement Proposal (EIP), according to a note from Tokeny. Tokeny is a digital asset enabler that is focused on digital securities. The company has already partnered on billions of dollars of issued securities. This past… Read More

December 15, 2023 @ 11:08 am By JD Alois  |  

UK-based Seedrs, now a part of Republic, is poised to expand its services across the European Union. Previously, Seedrs has listed issuers based in the EU, but needed to dance around jurisdictional rules in each member state. Now, with the advent of ECSPR – or… Read More

December 15, 2023 @ 10:22 am By Omar Faridi  |  

Trustly, a global enabler of Open Banking Payments, is pleased to announce that it is seeing steady  adoption of its Real-Time Payments (RTP) service and has reportedly become one of the “largest” originators on the RTP network. Specifically, Trustly’s RTP volume reportedly “grew 29% in… Read More

December 15, 2023 @ 8:43 am By Omar Faridi  |  

As expected by most crypto industry participants, the US Securities and Exchange Commission (SEC) has postponed its decision on whether to greenlight a spot Ethereum (ETH) exchange-traded fund (ETF), which had been proposed by Invesco and Galaxy Digital. As part of a December 13, 2023… Read More

December 15, 2023 @ 8:00 am By Omar Faridi  |  

Coinbase International Exchange is set to introduce spot markets. Coinbase (NASDAQ:COIN) has officially announced the next phase of their Coinbase International Exchange expansion – the launch of non-US spot markets “for eligible customers.” This latest development is designed to address “the unique needs and demands… Read More

December 15, 2023 @ 7:56 am By Omar Faridi  |  

Jameson Lopp, co-founder and CTO at Casa, has shared key insights after the widely reported Ledger hack / security breach that appears to be impacting a large number of DeFi platforms and dApps, with some unconfirmed reports indicating major losses of crypto funds. Lopp, who… Read More

December 15, 2023 @ 7:55 am By Omar Faridi  |  

Meniga, a firm focused on personal finance management solutions, which has delivered work for large banks and financial institutions, announced that it has raised €15 million in Series D funding. The new investment round has “included European banks, Groupe BPCE and Crédito Agrícola, and the… Read More