August 2, 2023 @ 11:37 am By Omar Faridi  |  

Plinqit, which claims to be the first platform that brings together automated savings, data-driven financial wellness content and virtual account management, has launched a pilot program with support from BMO in order “to help customers achieve financial wellness and savings goals.” BMO, the eighth largest… Read More

August 2, 2023 @ 11:29 am By JD Alois  |  

Eversheds Sutherland is representing an Ad Hoc Committee of Non-US Customers of FTX.com, aiming to protect non-US customers’ interests in the bankruptcy process of FTX. According to a statement from a representative of the Ad Hoc Committee, there are approximately 40 members representing about $2.5… Read More

August 2, 2023 @ 11:00 am By JD Alois  |  

OurCrowd, one of the largest securities crowdfunding platforms in the world, has signed up Airwallex to streamline the investing process.  The Airwallex service was actually integrated several months back, with more than a third of OurCrowd’s funding going through Airwallex, typically completed in under 24… Read More

August 2, 2023 @ 10:30 am By Omar Faridi  |  

Binance, which claims to be the world’s largest virtual currency exchange, was expected to leave China behind when the nation officially made cryptocurrency trading illegal back in 2021. Two years later, clients have reported traded $90 billion worth of crypto-focused assets in China during a… Read More

August 2, 2023 @ 9:21 am By Omar Faridi  |  

ZILO, the UK based Fintech company, announces the go-live of its SaaS technology platform for global transfer agency services. ‍ ZILO has a mission to transform the global transfer agency market improving the technology of custodian banks and outsourcing organizations “thereby enabling them to offer… Read More

August 2, 2023 @ 9:14 am By Omar Faridi  |  

On-chain fund platform Solv Protocol has announced that it has secured $6 million in new funding. The platform received investments from “a variety of institutions, including Laser Digital, a subsidiary of Japanese banking firm Nomura Securities, UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners,… Read More

August 2, 2023 @ 9:10 am By Omar Faridi  |  

Revolut, the global financial super app with more than 30 million customers worldwide, has partnered with the charity match Game4Ukraine, which will take place on August 5th at Stamford Bridge Stadium in London. Two teams lineup, captained by ambassadors of the fundraising platform UNITED24, Andriy… Read More

August 2, 2023 @ 9:07 am By Omar Faridi  |  

Brad Garlinghouse, CEO at Ripple, says that they began sharing detailed reports to voluntarily provide updates of their XRP holdings. Sadly, however, they were used against them in the US Securities and Exchange Commission SEC lawsuit – however, he added that they remain steadfast in… Read More

August 2, 2023 @ 9:05 am By Omar Faridi  |  

FloQast, a provider of accounting workflow automation software created by accountants for accountants, and Crowe LLP, a public accounting, consulting, and technology firm, have announced a strategic alliance “to offer an innovative accounting workflow automation solution, aimed at improving the performance and synergy of accounting… Read More

August 1, 2023 @ 11:02 pm By Omar Faridi  |  

One in ten (11%) retail investors are using artificial intelligence (AI) tools “such as ChatGPT to help pick and alter investments in their portfolio,” according to data from the latest Retail Investor Beat from trading and investment platform eToro. The study of 10,000 retail investors… Read More

August 1, 2023 @ 11:01 pm By Omar Faridi  |  

Qatar FinTech Hub (QFTH), founded by Qatar Development Bank (QDB), has announced the final list of FinTech Startups to join Wave 5 of its Incubator and Accelerator Programs. The series is part of QDB’s efforts “to support startups in their entrepreneurial journey through various programs… Read More

August 1, 2023 @ 10:58 pm By Omar Faridi  |  

Uppsala Security, which claims to be a pioneering digital asset cybersecurity and regulation technology (Regtech) project, recently announced a significant milestone in its mission to protect virtual asset investors. The company signed a momentous “MOU” with Bitcmon, a virtual asset exchange, to enhance response capabilities… Read More

August 1, 2023 @ 10:56 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently launched a public consultation on a revised framework to strengthen surveillance and defence against money laundering (ML) risks in Singapore’s Single Family Office (SFO) sector. The revised framework will aim to “introduce a harmonized class exemption for SFOs… Read More

August 1, 2023 @ 10:55 pm By Omar Faridi  |  

France’s privacy-focused watchdog CNIL stated on Friday (July 28, 2023) that it is well aware of ChatGPT-founder Sam Altman‘s Worldcoin initiative and that the legality of its biometric data collection process appears to “questionable.” Worldcoin, which was officially introduced on Monday, requires clients to offer… Read More

August 1, 2023 @ 10:54 pm By Tony Zerucha  |  

DataVisor, a real-time fraud and risk management platform using AI and machine learning, recently partnered with Q6 Cyber, a cyber and fraud threat intelligence provider. Together, they will centralize relevant threat intelligence data in a single platform to increase fraud detection accuracy. The companies said Q6… Read More

August 1, 2023 @ 10:52 pm By Omar Faridi  |  

Mollie, which claims to be one of the “fastest-growing” financial services providers in Europe, announces a new integration and joint marketing effort with Klaviyo, a marketing automation and customer data platform that “drives revenue growth for businesses of all sizes.” Through the new integration, merchants… Read More

August 1, 2023 @ 10:48 pm By Tony Zerucha  |  

Employee social media communications leave financial institutions at risk, even as U.S. regulators threaten fines, results of a study from compliance services provider Shield and business communications firm LeapXpert show. Only 51% of institutions monitor employee communications over WhatsApp. Even fewer watch SMS, iMessage, LINE,… Read More

August 1, 2023 @ 10:45 pm By Omar Faridi  |  

Kuwait International Bank (KIB) has announced the launch of its Corporate Online Banking platform, heralding “a new phase of financial empowerment and security for its corporate customer.” The launch falls in line with the Bank’s commitment “to digital innovation and expanding its modern banking solutions.”… Read More

August 1, 2023 @ 7:32 pm By Omar Faridi  |  

Corpay, a FLEETCOR (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay’s Cross-Border business has launched Netting Manager, a comprehensive solution that streamlines and automates the settlement process of internal invoices for corporations with global subsidiaries. Netting Manager allows… Read More

August 1, 2023 @ 7:27 pm By Omar Faridi  |  

Lifty, a Web3 gaming platform, has joined forces with IOST in order “to propel the adoption of blockchain technologies among the general public.” This partnership aims “to leverage Lifty’s transparent blockchain analytics and innovative Web3 marketing tools to empower gamers and enhance the gaming experience… Read More