August 14, 2023 @ 12:52 pm By Omar Faridi  |  

Telos announces its partnership with Open Ocean, which claims to be one of the widest reaching decentralized exchange (DEX) aggregators in Web3. From swaps and gas-free limit orders to its powerful v3 API, OpenOcean is “an ‘all-in-one’ crypto-companion every crypto user and platform needs.” Through… Read More

August 14, 2023 @ 12:06 pm By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, today announced it is working with Yonder, the all-in-one platform to automate health insurance and retirement benefits for growing teams, “to enable companies and their UK-based employees to easily administer and… Read More

August 14, 2023 @ 11:59 am By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal, recently announced select operating results through the second quarter ended June 30, 2023. Kin finished the second quarter of 2023 “with $109.7 million in gross written premium, bringing the year-to-date total to $192.9 million.”… Read More

August 14, 2023 @ 11:56 am By JD Alois  |  

DTCC is currently testing T +1 – the new standard for settling trades.  Currently, trades are settled T+2. The last change was in 2017 when traders had three days to settle their securities transactions. CI received a comment from DTCC Managing Director and General Manager,… Read More

August 14, 2023 @ 10:10 am By Omar Faridi  |  

Digital asset firm Gemini is pleased to announce support for XRP Ledger (XRP), adding a new blockchain to Gemini’s growing list of supported networks. XRP is now “available for trading on our API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini Mobile… Read More

August 14, 2023 @ 9:21 am By JD Alois  |  

PayPal (NASDAQ:PYPL) has named Alex Chriss as its new Chief Executive Officer following an extended search to replace Dan Schulman. This is according to a report by CNBC. Chriss is currently GM of the Small Business & Self-Employed Group for Intuit which also includes MailChimp…. Read More

August 14, 2023 @ 9:03 am By Omar Faridi  |  

Nubank (NYSE:NU), which claims to be one of the world’s largest digital financial services platforms, launched Nubank Lar Seguro, a home insurance offering, in partnership with Chubb, the world’s largest publicly traded property and casualty insurer. Nubank Lar Seguro will become “available to eligible customers… Read More

August 14, 2023 @ 8:34 am By Omar Faridi  |  

Worldcoin is described as “an open-source digital identification platform that aims to provide a solution for everyone to verify their human identity and differentiate themselves from AI in the digital space.” As noted in a blog post by Matrixport, the Worldcoin ecosystem reportedly “comprises three… Read More

August 14, 2023 @ 4:49 am By Omar Faridi  |  

Check Point Software Technologies Ltd. (NASDAQ: CHKP), a provider of cyber security solutions globally, signs a definitive agreement to acquire Perimeter 81, a pioneering Security Service Edge (SSE) company. With this acquisition, Check Point will “help organizations accelerate the adoption of secure access across remote… Read More

August 14, 2023 @ 1:46 am By Omar Faridi  |  

July kickstarted what could be the “rebound” after a slow summer for investments and loan originations. Both originations and investments totaled over €14M each in July, according to a recent update from Bondora. As noted in a blog post by Bondora, the API technical error… Read More

August 13, 2023 @ 11:48 pm By Omar Faridi  |  

Pension fund net-zero transition plans are “dramatically” underestimating the risks and opportunities presented by climate change, industry experts claim. A new report from the Economics of Energy Innovation and System Transition (EEIST) project, led by the University of Exeter, argues “for fundamental change in the… Read More

August 13, 2023 @ 11:44 pm By Tony Zerucha  |  

B2B buy now, pay later solutions provider Tabit has partnered with embedded lending multinational company Jifiti to serve Canadian B2B merchants, the companies announced this week. Jifiti’s embedded lending platform was white-labelled for Tabit. Online merchants can download the Tabit plugin from one of several… Read More

August 13, 2023 @ 11:37 pm By Omar Faridi  |  

Tanay Ved, Lucas Nuzzi & the Coin Metrics team have examined the various features and risks associated with DeFi lending in an extensive report. The researchers at Coin Metrics noted that “over the years, the digital asset ecosystem has spawned diverse use-cases.” Among them, decentralized… Read More

August 13, 2023 @ 10:49 pm By Tony Zerucha  |  

While the US Federal Reserve’s recent announcement of a Novel Activities Supervision Program is a step in the right direction, the work is far from over, the leader of the American Fintech Council believes. The Novel Activities Supervision Program is designed to enhance the oversight… Read More

August 13, 2023 @ 10:41 pm By Omar Faridi  |  

The number of cryptocurrency-focused ETFs aiming to launch has exploded in the past two weeks, the team at NYDIG Research noted. NYDIG Research has looked at the implication of these developments, “plus the strategy one fund took to get ahead.” Fintech giant PayPal has entered… Read More

August 13, 2023 @ 10:09 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) revealed an enforcement action against Coinbase (NASDAQ:COIN) back in June. Among other allegations, the SEC claims that Coinbase is operating as an unregistered securities exchange. The SEC targeted Coinbase even though it had clearly approved the firm to become… Read More

August 13, 2023 @ 9:40 pm By Tony Zerucha  |  

LeaseQuery, a financial software provider, this week announced the acquisition of Stackshine, a SaaS spend management platform. Stackshine helps companies track and optimize their software spend and usage. With this acquisition, LeaseQuery said it hopes to address SaaS operations and spend management. With SaaS spending… Read More

August 13, 2023 @ 9:36 pm By Omar Faridi  |  

Monite, the API-first embedded finance company that helps B2B platforms capitalize on hassle-free finance automation for their clients, recently fortified its commitment to become an industry standard by appointing three Fintech professionals. Dan Osburn, a VP of product pivotal to Marqeta’s growth from a $20M… Read More

August 13, 2023 @ 9:24 pm By Omar Faridi  |  

Futureverse, an AI and metaverse technology and content company, and Outlier Ventures, the global web3 investor and accelerator by volume, announce the launch of the Futureverse Base Camp accelerator. The program, which will receive funding from the recently announced Born Ready, a venture fund and… Read More

August 13, 2023 @ 6:48 pm By Omar Faridi  |  

deepset.ai – the enterprise platform for building applications with LLMs – has raised $30 million in funding led by Balderton Capital. The investment round also included participation from existing investors GV (Google Ventures), and Harpoon Ventures. deepset claims that it “solves one of the biggest… Read More