August 24, 2023 @ 10:17 am By JD Alois  |  

Circle has announced that its dollar-based stablecoin, USDC, will be added to six new blockchains including; Base, Cosmos via Noble, NEAR, Optimism and Polkadot, and Polygon PoS. The first five will be added in September, with Polygon joining in October. By adding USDC to these… Read More

August 24, 2023 @ 10:05 am By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Wednesday) the appointment of John Hsu as Managing Director and Group Chief Technology Officer. He succeeds Richard Leung, who will become Group Chief Information Officer. Reporting to Mr Leung, Mr Hsu will reportedly… Read More

August 24, 2023 @ 9:29 am By JD Alois  |  

Yesterday, the Securities and Exchange Commission (SEC) adopted a new set of regulations for Private Fund Advisers. The new rules will require private fund advisers to provide investors with more information and sets a higher bar on compliance. Below, are several perspectives on the new rules… Read More

August 24, 2023 @ 8:44 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged former New Jersey State Correctional Police Officer John A. DeSalvo with fraud in relation to the offering of the “Blazer Token,” which the SEC believes is a “crypto asset security.” At the same time, the US Attorney’s… Read More

August 24, 2023 @ 8:19 am By Omar Faridi  |  

Mambu, the cloud banking platform, has appointed Fernando Zandona as Chief Executive Officer. After serving as interim CEO since June – having previously held the role of Chief Product and Technology Officer at Mambu – Fernando will now “spearhead the business as it enters its… Read More

August 24, 2023 @ 8:06 am By Omar Faridi  |  

Better HoldCo, Inc.  and Aurora Acquisition Corp., a special purpose acquisition company , announced the closing of the previously announced business combination that results in the creation of Better Home & Finance Holding Company, “a publicly traded company with Class A common stock and warrants… Read More

August 24, 2023 @ 8:06 am By Omar Faridi  |  

As the “only” bank in Denmark, Lunar has decided to offer positive interest rates on all types of accounts without any demands for tying up the funds. Lunar is reportedly “removing the upper limit on deposit interest rates, allowing all paying customers access to positive… Read More

August 24, 2023 @ 8:03 am By Omar Faridi  |  

After the start of a successful collaboration in 2022, the Germany-based auxmoney invests in the Dutch credit platform Lender & Spender. With this investment, Lender & Spender is part of the European “success story” of auxmoney. Robert Leclercq, CEO and co-founder of Lender & Spender, … Read More

August 24, 2023 @ 6:28 am By Omar Faridi  |  

Anura Solutions, LLC, an ad fraud solution company, announces its successful completion of its SOC 2 Type 1 audit for 2023. This achievement demonstrates Anura’s dedication to “maintaining the highest standards of data security, operational excellence, and customer trust.” Beth Kahn, Co-Founder and CFO of… Read More

August 24, 2023 @ 6:22 am By Omar Faridi  |  

Salesforce has collaborated with BNY Mellon’s Pershing X, a startup technology unit within BNY Mellon | Pershing, “to build two new client onboarding and engagement apps that will power connected and data-driven experiences for wealth management clients.” When available, the apps will integrate Pershing X’s… Read More

August 23, 2023 @ 10:29 pm By Omar Faridi  |  

Komainu, a regulated digital asset custody service provider built by institutions for institutions, announced that it has been granted the operating license by the Virtual Asset Regulatory Authority (VARA) in Dubai after securing its MVP license last November. Achieving this final step in VARA’s licensing… Read More

August 23, 2023 @ 10:11 pm By Omar Faridi  |  

Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, and Abel Noser Solutions, LLC (ANS) announced a definitive agreement for TT “to acquire ANS, the provider of transaction cost analysis (TCA) for investment managers, brokers, asset owners and consultants, from Abel Noser… Read More

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

Cashfree Payments, India’s payments and API banking solutions company, has launched ‘Vendor Payments’, a comprehensive platform that empowers businesses to streamline and manage their purchase-to-pay cycle, improving efficiency and reducing processing time. ‘ Vendor Payments’ simplifies not only vendor payments, but “other account payables including… Read More

August 23, 2023 @ 6:47 pm By Omar Faridi  |  

FullCircl, the Customer Lifecycle Intelligence (CLI) platform that helps financially regulated businesses do better business, faster, has announced the acquisition of W2 Global Data Solutions, a provider of real-time digital solutions for global regulatory compliance. The acquisition strengthens FullCircl’s compliance suite and accelerates the company’s… Read More

August 23, 2023 @ 6:42 pm By Omar Faridi  |  

Ramp, the finance automation platform designed to help businesses spend less, today announced a $300 million Series D on the back of strong revenue growth, “increasing market share among small and mid-sized businesses, and successful expansion into the enterprise segment over the past year.” Ramp… Read More

August 23, 2023 @ 5:49 pm By JD Alois  |  

The Bank for International Settlements (BIS) has published a paper entitled Financial Stability Risks from Cryptoassets in Emerging Market Economies (EME). As one may surmise, the report addresses the risk of crypto and the impact on traditional financial services, including bank disintermediation. The research was… Read More

August 23, 2023 @ 3:00 pm By JD Alois  |  

A couple of years ago, a new online lending platform – Steward, was launched as the “world’s first CrowdFarming platform.” Steward was founded by Dan Miller, the co-founder of Fundrise, a prominent real estate investment platform. Miller had exited his leadership role at Fundrise and… Read More

August 23, 2023 @ 2:08 pm By JD Alois  |  

In an open meeting of the Commission today, the SEC approved new rules to regulate private fund advisors. The SEC said that the new rules are designed to “protect private fund investors by increasing transparency, competition, and efficiency in the private funds market.” SEC Chairman… Read More

August 23, 2023 @ 1:32 pm By Omar Faridi  |  

EBANX, the technology company specializing in payment solutions for rising economies, announces the appointment of two Vice Presidents to lead its technology and governance initiatives. The announcements represent yet another important step by EBANX on the path of increasingly “strengthening technology and governance at the… Read More

August 23, 2023 @ 1:31 pm By Omar Faridi  |  

Pie Insurance, a tech-enabled provider of workers’ compensation insurance to small businesses, announced it appointed four industry experts to its leadership team. Carla Woodard was promoted “to vice president of claims, Jaime Gilliam-Swartz was appointed to vice president of customer service and operations, Arash Sadati… Read More