Global

June 8, 2023 @ 1:12 am By Omar Faridi  |  

Payments are one of crypto’s “biggest” and “earliest” use cases, and Binance‘s new partnership with Lyzi is “helping to achieve this goal in more locations.” While many use crypto as an investment, it’s also “a great way to transfer value globally with minimal fees and… Read More

June 7, 2023 @ 10:53 pm By Omar Faridi  |  

Archax, the FCA regulated digital asset exchange, broker, and custodian, today announced the appointment of Ben Zennou as its new Head of Crypto Sales. Reporting into the CRO, Zennou will be “responsible for leading the company’s continued growth in crypto markets, including the establishment of… Read More

June 7, 2023 @ 8:30 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued new rules for crypto promotions. The rules are said to align with other financial services offerings. CryptoUK, an association representing the UK’s digital asset industry, has issued a statement on the marketing rules. Su Carpenter, Director of… Read More

June 7, 2023 @ 7:46 pm By Omar Faridi  |  

Keeta, a new global payments platform offering instant and secure cross-border monetary transactions, announced its official launch with $17 million in funding from investors, including Eric Schmidt and Steel Perlot Management, LLC. Powered by a “highly scalable” proprietary ledger technology, capable of processing more than… Read More

June 7, 2023 @ 7:44 pm By Omar Faridi  |  

OKX, which claims to be the world’s second largest cryptocurrency exchange by trading volume (behind Binance) and a “leading” Web3 technology company, and regulated digital asset custody service provider Komainu, announced that OKX has “joined collateral management platform Komainu Connect, enabling institutional customers to conduct… Read More

June 7, 2023 @ 7:43 pm By Omar Faridi  |  

Trulioo, a global identity verification platform, today released new capabilities that cement its position as the premier source for automated business and person verification workflows. The latest update bolsters Trulioo global leadership by “expanding geographic coverage and localization for person verification and further automating business… Read More

June 7, 2023 @ 7:01 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has introduced new rules for the digital asset or crypto asset industry. The FCA describes the new rules as “tough,” incorporating a “cooling off period” for new investors – commencing on October 8, 2023. The marketing rules are part… Read More

June 7, 2023 @ 3:58 pm By Omar Faridi  |  

The age of embedded finance and digital financial services has reached an inflection point, “with new payments and shopping solutions now commonplace in the US alongside legacy systems,” according to a new survey from Marqeta (NASDAQ: MQ), the global modern card issuing platform. The company’s… Read More

June 7, 2023 @ 11:09 am By JD Alois  |  

CrowdProperty is backing the £16 million development of a former Hallmark Card manufacturing facility that will be transformed into 137 apartments. According to the investment platform, CrowdProperty has agreed to a total development finance facility of £9,250,000 over an 18-month term. The developer is said… Read More

June 7, 2023 @ 9:35 am By Barry James  |  

Reservations, Threats & Benefits In a recent conversation with Danny Kruger, a member of the Treasury Select Committee, we delved into the Bank of England’s Digital Pound Project and the broader implications of Central Bank Digital Currencies (CBDCs). This discussion is particularly timely, given that… Read More

June 7, 2023 @ 8:56 am By Omar Faridi  |  

The Joint Regulatory Oversight Committee (JROC) has recently set out an ambitious program of work “to take forward recommendations for the next phase of open banking in the UK.” This involves “setting up dedicated workstreams to action the six key themes and priorities outlined in… Read More

June 7, 2023 @ 8:52 am By Omar Faridi  |  

Sella is launching the “Artificial Intelligence Business Incubator”, which is described as the the initiative aimed at startups, researchers, entrepreneurial teams, university spin-offs and companies “with projects based on AI technologies in the financial services sector.” “Artificial Intelligence Business Incubator” is currently underway, the international… Read More

June 7, 2023 @ 7:13 am By Omar Faridi  |  

FloQast, a provider of accounting workflow automation software created by accountants for accountants, released the results of its latest market research survey, Compliance and Controls: The State of the Industry, in conjunction with the University of Georgia Consumer Analytics program. With only 26% of participants… Read More

June 7, 2023 @ 5:11 am By Omar Faridi  |  

Microsoft (NASDAQ: MSFT) has reportedly appointed Theo Michalopoulos as General Manager, Financial Services for the United Kingdom. In his role, Theo will be responsible for leading “the Financial Services industry for the UK across banking, capital markets and insurance.” Theo will be joining the Microsoft… Read More

June 6, 2023 @ 11:11 pm By Omar Faridi  |  

Global cross-border payment infrastructure company Thunes and Rawbank, the bank in the Democratic Republic of Congo (DRC), announced a partnership “to facilitate cross-border transaction flows between the DRC and the rest of the world through illicocash.” By partnering with Thunes, Rawbank now “becomes the first… Read More

June 6, 2023 @ 8:52 pm By Omar Faridi  |  

RIBBIT, Inc., the “authority” on alternative bank and payment data, today announces its acquisition of ValidiFI, a provider of fraud, compliance, and risk mitigation solutions. The acquisition will aim to “create the industry’s leading banking and payment data solutions platform, improving the company’s product offering… Read More

June 6, 2023 @ 2:57 pm By Omar Faridi  |  

Tether, the company operating the fintech platform tether.to that powers the first and most “widely used” stablecoin in the world, announced it “has participated in the first round of a new billion dollar renewable energy initiative in El Salvador.” Following on its mission to invest… Read More

June 6, 2023 @ 11:59 am By Omar Faridi  |  

Online fraud and financial crime prevention platform SEON has released its latest ‘Global Banking Fraud Index’, which analyzes “the cost of fraud to banks and other financial institutions around the world in 2023.” Notably, the new review by SEON highlights the following: The value of… Read More

June 6, 2023 @ 11:52 am By JD Alois  |  

Peer-to-peer lender Folk2Folk is reporting its fourth year of profitability. According to the UK-based secured lender, pre-tax profit came in at £1.373 million for its 2022 financial year, marking four consecutive years of profitability. In addition, the company is issuing dividend payments to shareholders for… Read More

June 6, 2023 @ 11:04 am By JD Alois  |  

Regulated crypto exchange LCX has announced the launch of asset-backed NFTs [non-fungible tokens]. LCX has labeled the NFT project as Tiamonds, a service aimed to contractually enforce the bridging of digital and physical assets. Specifically, Tiamonds is a marketplace for diamonds which allows users to… Read More