Global

March 26, 2023 @ 3:56 pm By Omar Faridi  |  

The European Securities and Markets Authority (ESMA)’s Digital Ledger Technology (DLT) Pilot regime is applicable from March 23, 2023, according to an update shared with CI. The Pilot reportedly “allows some exemptions from the EU’s MiFIR and CSDR regimes, making it easier for market participants… Read More

March 26, 2023 @ 2:02 pm By JD Alois  |  

OurCrowd, one of the largest digital marketplaces providing access to capital for private firms as well as investment opportunity for smaller investors, has signed a Memorandum of Understanding (MoU) with the government of Uruguay. Under the agreement, OurCrowd will partner with the Ministry of Industry,… Read More

March 26, 2023 @ 1:34 pm By Omar Faridi  |  

Checkout.com, the global payments solutions provider, and Mastercard announced that they will make Mastercard Send available to more Checkout.com customers in the Asia Pacific region, starting in Australia and Hong Kong SAR later this year. The Send service – which “powers real-time payments1 for consumers, gig… Read More

March 26, 2023 @ 12:55 pm By Omar Faridi  |  

Brightflag, the AI-powered legal operations platform, announced the findings from their 2023 Legal Operations Compensation Survey. The annual survey captures data “to help legal operations professionals, General Counsel, and HR leaders to better understand fair market compensation and trends for the legal operations function.” The… Read More

March 25, 2023 @ 4:45 pm By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced a new partnership with U.K. based Pay.com. This partnership will “enhance and expand Pay.com’s automated payment platform into the U.S. and drive additional growth opportunities.” Gilles Gade, Founder, President and CEO of… Read More

March 25, 2023 @ 4:41 pm By Omar Faridi  |  

Dubai International Financial Centre (DIFC), the global financial centre in the MENA and South Asia region, officially announced the launch of its venture building programme, ‘DIFC Launchpad’. The initiative seeks to develop a strong venture building model “that promotes the growth of innovative start-ups and… Read More

March 25, 2023 @ 10:12 am By Omar Faridi  |  

InvestEngine, a platform that partners ETFs with investing techniques— giving users the skills & technology needed to grow their wealth, has raised 104% (£1,306,813) of its £1,250,000 fundraising target via Crowdcube from 378 investors (at the time of writing) with 20 days left in the… Read More

March 25, 2023 @ 7:45 am By Omar Faridi  |  

MetaMask Institutional, the web3 wallet for organizations developed by ConsenSys, and the first multi-custodial institutional web3 offering on the market, launched its institutional staking marketplace in partnership with Allnodes, Blockdaemon, and Kiln. The marketplace will also “leverage ConsenSys’ own technology with ConsenSys Staking (formerly Codefi… Read More

March 25, 2023 @ 7:40 am By Omar Faridi  |  

The Berlin-based Fintech Raisin has raised €60 million in a series E funding round, from existing and new investors. The global savings and investment specialist recently “exceeded 1 million customers, for which a total of €850 million in interest has been generated since founding the… Read More

March 24, 2023 @ 5:18 pm By Omar Faridi  |  

TYB is now available on the Shopify App Store, making it the “first” end-to-end Web3 community-powered loyalty solution available to Shopify’s merchants through an Avalanche-based platform. The app allows Shopify merchants “to implement TYB’s community-integrated-commerce tools to directly connect with and reward fans for taking… Read More

March 24, 2023 @ 5:16 pm By Omar Faridi  |  

Crypto-asset firm Tether claims it has approximately $1.6 billion in excess reserves in order to fully back the issuance of its USDT stablecoin. Tether expects to record a $700 million profit in this latest March 2023 quarter, which will be taking its total excess reserves… Read More

March 24, 2023 @ 11:07 am By Omar Faridi  |  

On a mission to “revolutionize” the way companies collect payments in Latin America, Toku, the platform optimizing collections for subscription companies, announced that it has raised USD $7 million. The investment round was “led by North American venture capital firm F-Prime Capital, accompanied by Wollef,… Read More

March 24, 2023 @ 8:27 am By Omar Faridi  |  

Exit scams, popularly referred to as rug pulls, are “an ongoing criminal scheme in Web3,” according to an update shared by CertiK. CertiK writes in a blog post that a rug pull “involves fraudsters robbing a crypto project by liquidating their holdings without warning and… Read More

March 24, 2023 @ 8:09 am By Omar Faridi  |  

  After trying to evade law enforcement for around six months, Terraform Labs CEO Do Kwon has now been taken into police custody in Montenegro. Kwon and Terraform Labs were responsible for TerraUSD, an aspiring algorithmic stablecoin, and sister crypto Luna, which collapsed last year… Read More

March 24, 2023 @ 7:07 am By Omar Faridi  |  

With signs that strikes may be abating for the time being, new data from small business lender iwoca reveals that UK SMEs have “lost out on 680,000 days of trading per month, due to industrial action.” Cumulatively, this amounts “to four million days of trading… Read More

March 24, 2023 @ 4:59 am By Omar Faridi  |  

Following the acquisition of fraud detection company Nethone in November 2022, Mangopay continues strengthening its payment flow capabilities “by acquiring WhenThen, a payment orchestration and payments automation platform, providing powerful payment acceptance and payment operations to marketplaces and platforms big and small.” Just four months… Read More

March 23, 2023 @ 11:53 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) announced the global launch of the working capital and lending capability on its Straight2Bank (S2B) platform, the Bank’s online banking platform for businesses “to manage their transaction banking needs.” S2B Loans is “a new module which allows clients to initiate and… Read More

March 23, 2023 @ 9:36 pm By Omar Faridi  |  

Bank ABC, which claims to be one of MENA’s major international banks, has signed agreements with Temenos and NdcTech in order “to replace its core banking systems for its retail, corporate and wholesale businesses and power its subsidiary, ila Bank, the MENA region’s fast-growing digital… Read More

March 23, 2023 @ 7:13 pm By JD Alois  |  

As part of the deal to reanimate Credit Suisse, Swiss regulators cut a deal with UBS that included writing down the AT1 bonds to zero. Holders are not pleased. In light of the “numerous inquiries,” Swiss regulator FINMA has issued a statement on wiping out… Read More

March 23, 2023 @ 5:36 pm By Omar Faridi  |  

Nomura‘s digital assets subsidiary, Laser Digital, announces a strategic investment in ClearToken, a startup that will introduce a clearing house to the digital asset marketplace, enabling “the scale and structure required for mass institutional engagement with digital assets.” As part of Laser’s strategic investment, its… Read More