Global

July 16, 2023 @ 11:42 am By Omar Faridi  |  

Key findings and insights from primary research on the evolution and growth of the gig economy workforce were released by the study’s supporter, PayQuicker, an innovative financial technology firm focused on the global payouts market. The research, conducted by gig economy experts Dr. Robert A. Peterson,… Read More

July 16, 2023 @ 11:37 am By Omar Faridi  |  

Iberpay and Spanish banks such as BBVA, Santander and CaixaBank have carried out the first test of this pioneering service in Europe in anticipation of the official entry into force, on November 28th, of the new One-Leg-Out Instant Credit Transfer (OCT Inst) scheme of the… Read More

July 15, 2023 @ 8:37 pm By Omar Faridi  |  

CFIT, the Centre for Finance, Innovation and Technology, announced that its initial ‘Open Finance Coalition’ will demonstrate the power of leveraging financial data to deliver better financial outcomes to consumers and SMEs. It also announced the first coalition partners who have “committed to progressing Open… Read More

July 15, 2023 @ 7:56 pm By Omar Faridi  |  

On June 6, 2023, the US Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase (NASDAQ:COIN) primarily about a small number of assets listed on their platform, but also their retail staking services. The same day, state securities agencies in ten states – Alabama,… Read More

July 15, 2023 @ 3:18 pm By Omar Faridi  |  

Clear Street, a New York-based independent prime broker, announced that it intends to enter the futures clearing market with the acquisition of React Consulting Services, LLC and its proprietary, cloud-native futures clearing platform, BASIS. BASIS will be integrated “into Clear Street’s existing cloud-native clearing, settlement,… Read More

July 15, 2023 @ 10:33 am By Omar Faridi  |  

Socure, the provider of digital identity verification and fraud solutions, launched “The Socure Identity Challenge” to advance accurate and equitable digital identity verification in government. Federal, state and local government agencies are invited “to take the challenge and learn how new approaches to digital identity… Read More

July 15, 2023 @ 10:31 am By Omar Faridi  |  

Australians are spending on average nearly $600 less online than they were a year ago, according to the latest Digital Economy Index from global financial platform Airwallex. The Airwallex Quarterly Digital Economy Index “records year-to-date spending per adult, as well as quarter-by-quarter snapshots of the… Read More

July 15, 2023 @ 10:29 am By Omar Faridi  |  

LendInvest (AIM: LINV), which claims to be the UK’s leading platform for mortgages, has today launched a new, “market-leading” Buy-to-Let range as it looks to back landlords in this challenging market. LendInvest is supporting landlords “to get back into the market with rates starting from… Read More

July 14, 2023 @ 6:45 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues, is pleased to announce the appointment of their own Eleanor Hughes as Binance’s General Counsel. In her new role, Eleanor will “oversee the company’s global legal affairs alongside a team of… Read More

July 14, 2023 @ 11:40 am By Omar Faridi  |  

Gemini Fund Solutions (GFS) says it is the one of the leading providers of custody, clearing/settlement, trading, and other capital markets services that have been specifically designed “for crypto exchange-traded funds (ETFs), closed-end funds (CEFs), and other fund vehicles.” Founded in 2020, GFS is reportedly… Read More

July 14, 2023 @ 11:30 am By Omar Faridi  |  

Volante Technologies, which claims to be the global leader in cloud payments modernization, has deepened its existing partnership with KPMG LLP by “developing a new ISO 20022 maturity model to help payment service providers determine ISO adoption readiness.” Within the next four years, it is… Read More

July 14, 2023 @ 9:27 am By Omar Faridi  |  

Despite a persistent interest in crypto assets, a majority of investors don’t prioritize the metrics experienced crypto traders tout when assessing the viability and attractiveness of crypto assets, according to a new Digital Disclosure Survey from global Fintech platform, Broadridge Financial Solutions (NYSE: BR). The… Read More

July 14, 2023 @ 9:21 am By Omar Faridi  |  

On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. As noted via social media, the team claims they contacted the MPC node operators and… Read More

July 14, 2023 @ 9:15 am By Omar Faridi  |  

Webull Corporation, the owner of the Webull trading platform, announced the launch of its retail brokerage services in the UK. Through licensed financial services trading firm Webull Securities (UK) Ltd., a subsidiary of Webull, residents of the UK can now trade U.S.-listed equities and fractional… Read More

July 14, 2023 @ 9:01 am By Omar Faridi  |  

Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced its expansion into Brazil, with a new partnership with Latin American banking-as-a-service platform Fitbank and network certification with Visa. As part of Marqeta’s partnership with Fitbank, the company “will both be a Marqeta customer, using… Read More

July 14, 2023 @ 5:58 am By Omar Faridi  |  

ION, which claims to be a global leader focused on trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announces that Raiffeisen Bank International (RBI) has “implemented ION’s new ISO 20022 solution.” A corporate and investment bank in Austria and… Read More

July 13, 2023 @ 11:41 pm By Omar Faridi  |  

The Bank of London announces it has submitted its formal application for a European Union (EU) Banking Licence and “commits to €200M investment and hiring 300 people in Luxembourg over the next five years.” The formal application has been jointly “lodged with the European Central… Read More

July 13, 2023 @ 10:36 pm By Omar Faridi  |  

The Core PCE index is revealed today. Therefore Bitcoin could reach $36 000, with another 2 key indicators suggesting potential growth opportunities in the background, according to  crypto hedge fund manager Thomas Kralow. Here are 3 key catalysts for Bitcoin’s growth: Thomas Kralow, a crypto… Read More

July 13, 2023 @ 9:47 pm By Omar Faridi  |  

Analysts at Pitchbook have shared key insights covering major developments in Fintech and the payments sector. As noted in the report from Pitchbook, shares of recently publicly traded fintech & payments IPOs “rose by 21.2% in Q2, notably outperforming the Nasdaq’s 12.8% and S&P 500’s… Read More

July 13, 2023 @ 3:37 pm By JD Alois  |  

Ripple scored a victory today as the courts have now ruled that the sale of XRP on crypto exchanges did not violate US securities law in a partial win for the digital asset firm. The ruling helped to drive the value of XRP higher –… Read More