Global

December 14, 2022 @ 8:31 am By Omar Faridi  |  

In the final run-up to the holidays, fraud prevention company SEON is warning all online businesses “to brace for one last surge in fraud attempts.” That’s because last year, during the week of 12th December, the company’s system “declined more than 100,000 transactions per day… Read More

December 13, 2022 @ 7:27 pm By Omar Faridi  |  

Capchase, which claims to be the leading provider of non-dilutive (debt-based) capital to SaaS companies,  revealed its 2022 growth metrics, announcing it “increased revenue by 250%.” Throughout the year, Capchase was “able to expand its reach by securing additional funding, forging partnerships with leading financial… Read More

December 13, 2022 @ 1:01 pm By JD Alois  |  

Versana has launched a syndicated loan platform, connecting banks, institutional lenders, and service providers to the $5 trillion market. Founding investors in Versana include, JP Morgan, Bank of America, Citi, and Credit Suisse. Versana was originally created to address intrinsic inefficiencies in the US leveraged… Read More

December 13, 2022 @ 12:30 pm By Omar Faridi  |  

Nexo, which claims to be the “leading” regulated institution for digital assets, has announced its registration “with the Ministry of Finance of Poland as a Virtual Assets Service Provider (VASP) in the country.” This development in Poland “builds on the crypto-native FinTech’s longstanding effort to… Read More

December 13, 2022 @ 10:23 am By JD Alois  |  

Wise (LSE:WISE), a global Fintech enabling the movement of money and aspiring neobank, says it will boost its presence in the US to meet the increasing demand of its services. Based in London, Wise states that it plans to increase its headcount by 250 in… Read More

December 13, 2022 @ 9:40 am By Omar Faridi  |  

Compliance and international payroll provider, RemotePass launches a mobile app designed specifically for remote workers, “offering them equal access to financial services and benefits from anywhere in the world.” The RemotePass Super App, which “comes with a virtual and physical payroll card, enables remote workers… Read More

December 13, 2022 @ 8:00 am By Omar Faridi  |  

Driven by vaccination certificates, the need for identity checks in financial services, and the potential of the metaverse, governments across the world “realize the benefits and the importance of digital identity, enabling the technology to take off,” says GlobalData, a data and analytics company. GlobalData’s… Read More

December 13, 2022 @ 7:59 am By Omar Faridi  |  

Blue dot, a tax platform for employee-driven spend for Taxable Employee Benefits analysis and VAT recovery, announced a strategic alliance with KPMG Germany. Through this alliance, KPMG Germany “can now offer the Blue dot Taxable Employee Benefits (TEB) solution directly to their clients, with KPMG… Read More

December 13, 2022 @ 7:52 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed fraud charges against Sam Bankman-Fried, founder and former CEO of FTX. The crypto exchange filed bankruptcy last month as allegations of malfeasance surfaced. In a simultaneous action, the Commodities Futures Trading Commission (CFTC) announced charges as well…. Read More

December 12, 2022 @ 11:11 pm By Omar Faridi  |  

According to Robocash analysts, traditional currency and P2P investments remain the “most promising” assets in 2023. The most “controversial” asset class this year has been cryptocurrency (or crypto-assets), the Robo.cash team wrote in a blog post. To determine the “most favorable” assets for 2023, platform… Read More

December 12, 2022 @ 10:57 pm By Omar Faridi  |  

Adyen (ADYEN:AMS), the global financial technology platform of “choice” for leading businesses, has announced that it has partnered with KodyPay, the fully integrated ordering and payment platform for businesses. Adyen’s financial technology “will support the growth of hospitality businesses by powering seamless payments, data analytics… Read More

December 12, 2022 @ 10:54 pm By Omar Faridi  |  

Sopra Banking Software (SBS), which claims to be a leading technology partner to more than 1,500 financial institutions worldwide, announced it has been “selected as preferred supplier for Bevan Money, a digitally focused start-up who will provide retail mortgage and savings products to the UK… Read More

December 12, 2022 @ 9:17 pm By Omar Faridi  |  

The adoption of open source in the financial services industry is “on the rise, largely led by organizations with Open Source Program Offices (OSPOs), which are more than twice as likely to encourage open source consumption, and nearly three times as likely to encourage open… Read More

December 12, 2022 @ 7:54 pm By JD Alois  |  

Sam Bankman-Fried, the founder and former CEO of FTX, has been placed under arrest in the Bahamas. Bankman-Fried has lived in the Bahamas since FTX became a regulated entity under Bahamanian law. FTX filed for bankruptcy protection last month under US law. Bankman-Fried was arrested… Read More

December 12, 2022 @ 6:26 pm By JD Alois  |  

Earlier today, the European Banking Authority (EBA) posted an update on certain standards that impact open banking services. One change involves authentication for individual users. CI received a comment from Jan van Vonno, Head of Industry Strategy at Tink – a leading open banking platform…. Read More

December 12, 2022 @ 5:59 pm By JD Alois  |  

WealthKernel has partnered with tendy, an educational investment platform for UK teens, according to a company statement. tendy will leverage WealthKernal’s trading and custody services that provide investing in stocks and ETFs. By using tendy, parents can get their children to start investing at a… Read More

December 12, 2022 @ 3:32 pm By JD Alois  |  

Tomorrow’s hearing at the House Financial Services Committee is widely anticipated across the crypto industry. Both current FTX CEO, John J. Ray, III, and former FTX CEO Sam Bankman-Fried, are scheduled to testify on the collapse of FTX. In advance of the hearing, Ray has… Read More

December 12, 2022 @ 12:42 pm By JD Alois  |  

Enerfip, a France-based investment crowdfunding platform operating in the renewable energy sector, has gained approval to operate under ECSPR – European Crowdfunding Service Provider Regulation. Enerfip will now be able to raise capital online across all European Union member states. Issuers may raise up to… Read More

December 12, 2022 @ 12:07 pm By JD Alois  |  

Federal prosecutors are debating whether or not to file charges against the world’s largest crypto exchange – Binance, according to a report by Reuters. The US Department of Justice is undecided as to if they should pursue criminal charges against Binance, with an ongoing investigation… Read More

December 12, 2022 @ 10:25 am By JD Alois  |  

The Bank of England has posted a request for applicants for a contracted service to create a proof of concept digital wallet for a Central Bank Digital Currency (CBDC). The Bank has been investigating the potential for a digital pound, similar to many other central… Read More