August 7, 2023 @ 1:35 am By Omar Faridi  |  

Zinia AI, which says that it empowers organizations to optimize their business decisions with Generative AI platform, has secured 131% (£263,927) of its £200,004 target from 217 investors at the time of writing, through Seedrs, with just 5 days left in the initiative’s ongoing crowdfunding campaign…. Read More

August 6, 2023 @ 10:40 pm By Tony Zerucha  |  

Public trust in the data security methods deployed by financial institutions is high, IT security solutions provider Utimaco said in new research. Overall, 64% of people trust their financial institution’s methods. Circles of Trust 2023: Exploring Consumer Trust in the Digital Society surveyed thousands of… Read More

August 6, 2023 @ 10:39 pm By Tony Zerucha  |  

The United States maintained its dubious top spot in data breaches as cybersecurity company Surfshark released its Q2 statistics last week. According to Surfshark, 110.8 million accounts were breached in the quarter. The USA (49.8M) accounts for nearly half of those breaches, with Russia (15.3M),… Read More

August 6, 2023 @ 10:37 pm By Omar Faridi  |  

Regnology, a software provider with a focus on regulatory reporting solutions, announced today that its client Clearstream Banking AG, central securities depository and provider of global post-trade services, has signed on to use its Rcloud technology (powered by Google Cloud Platform (GCP)). While the migration… Read More

August 6, 2023 @ 10:34 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) and Ant Group entered into an agreement to deepen their partnership in driving green and inclusive finance, global fund management and sustainable development. Both parties will jointly contribute “to tackling global issues such as climate change and ocean protection.” Dr. José… Read More

August 6, 2023 @ 10:20 pm By JD Alois  |  

Fasset, a Fintech aiming to support financial inclusion, has launched a “Super App,” reportedly garnering over one million signs ups in the first week. Fasset is a digital asset firm that provides access to tokenized real world assets. The company said that sign ups came… Read More

August 6, 2023 @ 8:34 pm By Omar Faridi  |  

The futures basis, the difference in price between monthly settled bitcoin futures traded on the CME and the spot price of bitcoin, is “showing receding optimism from traders,” the team at NYDIG Research notes. The NYDIG Research team points out that the rolling 1-month futures… Read More

August 6, 2023 @ 8:24 pm By Omar Faridi  |  

Contour, the digital trade finance network, announced that the Singapore office of MUFG Bank, which claims to be Japan’s premier bank is joining its growing digital network. MUFG has a global presence “spanning around 50 markets, while its parent Mitsubishi UFJ Financial Group (MUFG) is… Read More

August 6, 2023 @ 6:03 pm By Omar Faridi  |  

Binance says it is pleased to announce the appointment of our former Global Head of Corporate Compliance Kristen Hecht as their new Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporting Officer (GMLRO) at Binance. As noted in a blog post, Kristen reportedly “brings… Read More

August 6, 2023 @ 5:26 pm By Tony Zerucha  |  

The American Fintech Council (AFC) announced last week that OMB Bank has become its newest member. OMB Bank joins a growing group of Banking-as-a-Service (BaaS) banks focusing on access, transparency, consumer protection and regulatory compliance. “OMB leads by example and is an important voice at… Read More

August 6, 2023 @ 5:17 pm By Omar Faridi  |  

Debitum wants investors to consider investing in Sandbox Funding, a new ABS program that includes 5 loans “to forest and agricultural land company ‘Ozolu Meži’ LTD.” As noted in a blog post by Debitum, loans to the borrower company are “issued to support business operations… Read More

August 6, 2023 @ 4:00 pm By Omar Faridi  |  

Venture funding on Carta inched upward in Q2. Startups combined “to raise more than $15.4 billion in funding during the second quarter of 2023, up 26% from Q1.” In several other areas of the venture landscape, “such as early-stage valuations and late-stage deal counts, the… Read More

August 6, 2023 @ 2:39 pm By Omar Faridi  |  

BaaP (Banking-as-a-Platform) is an operational business model that “puts banks at the forefront of consumers.” In their latest whitepaper, the researchers highlighted “how BaaP can help traditional banks regain their competitive edge against neobanks.” This, according to the Juniper Research team. Through collaboration with innovative… Read More

August 6, 2023 @ 2:37 pm By Omar Faridi  |  

The month of July has shown “promising” growth on Mintos. Total investments saw “a significant increase of €90.8 million worth of Notes funded, and interest earned by investors in July climbed to €4.1 million.” The average interest rate for July “stood at 12.7%, translating to… Read More

August 6, 2023 @ 2:34 pm By Omar Faridi  |  

The researchers at Coin Metrics have shared an update, titled, “Decoding the Digital Dollar: Unraveling the Risks of Stablecoins.” Lucas Nuzzi and Kyle Waters from Coin Metrics have noted that earlier this month, the U.S. House Committee on Financial Services convened “to discuss proposed legislation,… Read More

August 6, 2023 @ 2:31 pm By Omar Faridi  |  

Lemonade, Inc. (NYSE: LMND) has released its second quarter 2023 financial results on August 2, 2023. In their Shareholder Letter, Insurance tech firm Lemonade notes that 2023’s second quarter “delivered better than expected top and bottom lines, as well as reinsurance and growth financing programs… Read More

August 6, 2023 @ 2:24 pm By Omar Faridi  |  

Finicast, a modern SaaS enterprise collaborative planning platform that enables teams to work together as they model, plan, forecast, and track performance, announced that it has raised $12.8M in seed funding, led by Celesta Capital. This will be instrumental in “furthering the company’s collaborative planning… Read More

August 6, 2023 @ 2:17 pm By Omar Faridi  |  

MX Technologies, Inc., which claims to be a leader in Open Finance, today released its latest consumer research, which unveiled that more than half of U.S. consumers “have either opened a new account (23%) or considered switching to a new bank (28%) in the past… Read More

August 6, 2023 @ 12:52 pm By Omar Faridi  |  

Delivering on their growth potential, the London Stock Exchange Group (LSEG) reports strong H1 performance with 2023 revenue growth “expected to be towards the upper end of 6-8% guidance.” David Schwimmer, CEO at LSEG, said: “LSEG delivered strong, broad-based growth in the first half. Data… Read More

August 6, 2023 @ 12:33 pm By Omar Faridi  |  

On July 30, 2023, several liquidity pools on Curve Finance were exploited, resulting in approximately $70 million in losses and triggering panic within the DeFi ecosystem, the team at Chainalysis noted. In a blog post, Chainalysis also mentioned that these hacks occurred due to “a… Read More