Global

August 26, 2023 @ 4:55 pm By Omar Faridi  |  

HSBC (NYSE: HSBC) announced that HSBC Innovation Banking, a business division with services provided by HSBC Bank USA, N.A. and its affiliates, has “expanded its venture debt offering in the U.S. to support companies from Series A through scaled multi-national enterprises.” While HSBC has been… Read More

August 26, 2023 @ 4:11 pm By Omar Faridi  |  

Digital bank N26 announced the integration of popular local payment service iDEAL to its 100% digital banking experience in the Netherlands. Available to the first N26 customers in the Netherlands from today, the new integration will be gradually “rolled out in the market and will… Read More

August 26, 2023 @ 3:32 pm By Omar Faridi  |  

The Addepar platform has shared updates, research insights and client, partner and company developments. In August, Addepar made their Help Center more accessible by “bringing it in-app and introduced group automation to simplify and streamline group management.” Addepar released new research “on manager selection in… Read More

August 26, 2023 @ 3:10 pm By Omar Faridi  |  

  As the banking landscape rapidly evolves, we decided to speak with Amit Dua, President at SunTec, a technology partner that claims to work with the world’s largest banks, helping them to improve their customer experience, pricing strategies, and ESG approach through technology-led solutions. Amit… Read More

August 26, 2023 @ 2:47 pm By Omar Faridi  |  

U.S. lender exposure to synthetic identities is nearly $3 billion; Auto loans reach $1.8 billion representing more than 60% of total exposure to synthetic identities, according to an update from TransUnion (NYSE: TRU). As origination volumes for some credit products slow, a new TransUnion  analysis… Read More

August 26, 2023 @ 10:51 am By Omar Faridi  |  

P2P lending together with “risky assets” has all the potential to become an effective strategy for diversifying investment portfolios in terms of risk and return, according to an update from Robo.cash. Analysts of the Robo.cash platform have reportedly “studied multiple portfolio combinations using the Sharpe… Read More

August 25, 2023 @ 10:18 pm By Omar Faridi  |  

Cypago announced the release of its Cyber GRC Automation (CGA) platform, enhancing the GRC space by bridging the gap between management, security, and operations teams. This announcement follows the company’s $13M in total funding “led by Entrée Capital, Axon Ventures, and Jump Capital, including prominent… Read More

August 25, 2023 @ 10:15 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for client lifecycle management (CLM), released its half-year annual findings on global financial institution enforcement actions, revealing a sharp 88% decline in monetary penalties collected in H1 2023 compared to H1 2022. U.S. financial institutions continued to lead in… Read More

August 25, 2023 @ 10:12 pm By Omar Faridi  |  

Citi (NYSE: C), which claims to be a global leader in foreign exchange (FX) markets, has made a strategic investment in Rextie, Peru’s fintech for FX services. The investment makes Rextie Latin America’s first FX fintech “to receive an investment from one of the largest… Read More

August 25, 2023 @ 10:10 pm By Omar Faridi  |  

Redaptive, Inc., the Energy-as-a-Service (EaaS) leader, has announced it secured $125 million in financing from Deutsche Bank’s US Private Credit & Infrastructure group in order “to help accelerate metering, HVAC, solar, LED, EV, and other efficiency and sustainability solutions.” The warehouse facility provided by Deutsche… Read More

August 25, 2023 @ 9:57 am By JD Alois  |  

Earlier this month, PayPal (NASDAQ:PYPL), a top publicly traded Fintech, announced the launch of a dollar-based stablecoin PayPal USD or PYUSD. The stablecoin is being issued in partnership with Paxos, a top, regulated digital asset firm. Stablecoins are one of the most promising sectors of crypto…. Read More

August 25, 2023 @ 8:56 am By Omar Faridi  |  

B2C2, the crypto liquidity provider servicing institutional clients globally, has successfully completed the acquisition of Woorton, the European firm focused on market making and over the counter transactions in the digital asset industry. This strategic move marks B2C2’s commitment “to enhance client coverage and with… Read More

August 25, 2023 @ 8:52 am By Omar Faridi  |  

Mastercard (NYSE: MA) and digital currency exchange Binance will reportedly be terminating their four cryptocurrency card programs in the South American countries of Argentina, Brazil, and Colombia as well as Bahrain. This will be effective as of September 22, 2023, according to a representative for Mastercard… Read More

August 25, 2023 @ 8:30 am By Omar Faridi  |  

TWINO reveals that it is pleased to share that their first real estate securities project is more than halfway funded. According to TWINO, this achievement underlines “the potential of short-term rental properties as a popular investment type.” For those who’ve already invested, they thank you… Read More

August 24, 2023 @ 10:12 pm By Omar Faridi  |  

OANDA Global Corporation announced that it has acquired a majority interest in Coinpass Limited, a crypto asset firm registered with the United Kingdom’s Financial Conduct Authority (FCA). Coinpass was founded in 2018 in order “to meet a growing demand for fast and secure access to… Read More

August 24, 2023 @ 9:59 pm By Omar Faridi  |  

Datasite, an SaaS-based technology provider for global mergers and acquisitions (M&A) professionals, has completed the acquisition of MergerLinks, a London-based financial data platform used by finance professionals to find deal information, promote credentials and connect with investors, companies, and advisors for capital transactions. The acquisition… Read More

August 24, 2023 @ 3:26 pm By Omar Faridi  |  

Yahoo announced the acquisition of Commonstock, a broker-agnostic social and community-based platform that drives insights for retail investors. The acquisition advances the power of community for Yahoo Finance and “accelerates the brand’s strategy to deliver unparalleled retail investing resources, solutions and experiences to investors of… Read More

August 24, 2023 @ 3:21 pm By Omar Faridi  |  

ComplyAdvantage, the financial crime intelligence company, has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program, a co-sell program for AWS partners that provides software solutions that run on or integrate with AWS. The program helps AWS partners drive new business “by… Read More

August 24, 2023 @ 11:35 am By JD Alois  |  

The founders of crypto mixer Tornado Cash have been hit with criminal charges from the US Department of Justice. The US Attorney for the Southern District of New York has filed charges of money laundering and sanction violations. Yesterday, an indictment was unsealed, charging Roman… Read More

August 24, 2023 @ 10:39 am By Omar Faridi  |  

Backbase, which claims to be the global leader in Engagement Banking, announced today its strategic partnership with SavvyMoney, the company powering innovative credit score solutions, market-leading analytics and personalized loan marketing. Through this partnership, SavvyMoney’s robust credit score solution, Credit Score Insights, will be integrated… Read More