August 15, 2023 @ 11:35 pm By Omar Faridi  |  

Debitum notes that July is one of the quietest months in the investment world, however, the firm has been “very active” during this time. During July, Debitum reveals that they have: added new ABS assets from Sandbox Funding to the platform, offered to invest on… Read More

August 15, 2023 @ 10:51 pm By Omar Faridi  |  

From today, TSB is taking applications for fintechs to participate in its third annual TSB Innovation Labs Program – “as the bank and Fintech Scotland encourage a new round of fintech collaboration.” Under the program, winning Fintechs will officially partner “with TSB to offer innovative… Read More

August 15, 2023 @ 8:50 pm By Omar Faridi  |  

iWallet, a fintech startup, developed a payment app for businesses and is one of the first processing apps to integrate FedNow, the newest, real-time mobile check deposit technology by the end of 2023. The real-time mobile check deposit “provides businesses instant payments and peace of… Read More

August 15, 2023 @ 8:48 pm By Omar Faridi  |  

In the countdown to the opening of the Asian Games, Ant Group is expanding multiple cross-border digital payment options for international travelers as the Official Prestige Partner of Asia’s largest sports event in 2023. As a native of Hangzhou, the host city of the Games… Read More

August 15, 2023 @ 8:40 pm By Omar Faridi  |  

By the end of 2022, the value of net assets per average resident of Europe reached €50,000, according to an update from Robocash. According to a report from Robocash, the largest share is occupied “by conservative instruments with noticeably growing alternative sources of financing.” Analysts… Read More

August 15, 2023 @ 5:56 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) has announced its official entry into the Canadian market, “backed by the integration of Interac payment rails, with banking and payment partners, enabling seamless fund transfers, and the introduction of Coinbase One – a 30-day trial offering zero trading fees, enhanced staking rewards,… Read More

August 15, 2023 @ 2:50 pm By JD Alois  |  

The Chair of the House Financial Services Committee, Representative Patrick McHenry, along with other Committee Republicans, have sent a letter to the Chair of the SEC, Gary Gensler, as well as the FINRA President Robert Cook, questioning the relationship with Prometheum and the approval for… Read More

August 15, 2023 @ 12:56 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), which claims to be an industry leader in Bitcoin (BTC) mining and data center hosting, reported financial results for the three-month period ended June 30, 2023. The unaudited financial statements and accompanying presentation materials are available on Riot’s official website…. Read More

August 15, 2023 @ 12:42 pm By Omar Faridi  |  

ThriveDX, which claims to be the global leader in cybersecurity and digital skills training, continues its mission to reskill and upskill the global cybersecurity workforce with the launch of a Cybersecurity Apprenticeship Program that will create job opportunities for diverse cyber talent at no-training cost…. Read More

August 15, 2023 @ 11:59 am By Omar Faridi  |  

From paper to plastic to click – the payments game has evolved substantially as consumer demand for convenience “continues to influence innovation,” according to an update from Banxa. Apple Pay has become “an increasingly popular method to purchase crypto, though many onramps that offer it… Read More

August 15, 2023 @ 11:29 am By JD Alois  |  

Amazon (NASDAQ:AMZN) is now offering a more – loan-like product for its credit cardholders, according to the company. In a release, Amazon said that Prime Visa and Amazon Visa holders may pay in equal monthly payments when checking out online using Amazon Pay. Importantly, Amazon… Read More

August 15, 2023 @ 11:14 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has revealed the regulatory framework for compliant stablecoins. Singapore is the top Fintech hub in Asia. MAS is a key collaborator in enabling Fintech innovation. In 2022, MAS kicked off a public consultation on stablecoins, asset-backed digital assets typically… Read More

August 15, 2023 @ 10:02 am By Omar Faridi  |  

Credit scoring is a statistical method employed by lenders to predict the probability an existing and/or prospective borrower or counterparty “will default on loans/credit products, or incur additional charges for repayment, also known as measuring creditworthiness,” the team at Juniper Research explains. Juniper Research also… Read More

August 15, 2023 @ 9:42 am By Omar Faridi  |  

PULSE, a Discover Financial Services (NYSE: DFS) company and operator of the PULSE debit network, has agreed to an extension of its partnership with global analytics software provider FICO (NYSE: FICO). PULSE and FICO collaborate “to deliver fraud-detection technology that reduces losses and risk exposure… Read More

August 15, 2023 @ 9:31 am By JD Alois  |  

Global credit card management firm Marqeta (NASDAQ: MQ) has revealed its “Docs AI,” described as an AI-powered external-facing question and answer tool, which seeks to reduce the amount of time spent on coding and testing tasks by up to 75%. Marqeta Docs AI is a… Read More

August 15, 2023 @ 9:22 am By JD Alois  |  

EstateGuru, an online marketplace for property-backed loans, has partnered with Moody’s to rate the securities offerings listed on the crowdfunding platform. Mihkel Stamm, CEO of Estateguru, said it is very important that investors on crowdfunded offerings have access to the best possible information. He shared… Read More

August 15, 2023 @ 8:50 am By Omar Faridi  |  

FOLK2FOLK, which claims to be the UK’s leading peer-to-peer lending platform connecting Investors with regional and rural businesses, is pleased to announce that its dedicated community of Investors “earned £14.2 million in interest during the last tax year (2022/2023).” According to the firm, this achievement… Read More

August 15, 2023 @ 8:45 am By Omar Faridi  |  

Students off to university for the first time this year could be “the first crop of graduates who face repaying their university debts into retirement,” according to PensionBee, an online pension provider. As noted in a blog post by PensionBee, this year’s Freshers will be… Read More

August 15, 2023 @ 8:43 am By Omar Faridi  |  

Crypto-asset lender Celsius Network on Monday (August 14, 2023) received a US bankruptcy judge’s permission to obtain creditor approval for its ongoing bankruptcy plan, which is presenting a proposal to exit Chapter 11 as a another business entity that would be owned by the firm’s… Read More

August 15, 2023 @ 8:39 am By Omar Faridi  |  

Aegon UK has announced an extended strategic partnership with Nationwide Building Society. Aegon UK will continue to be the ISA and General Investment Account provider of choice for all Nationwide customers, “with the extended partnership seeing the building society transfer its existing financial planning service… Read More