August 1, 2023 @ 7:23 pm By Omar Faridi  |  

The new platform reportedly provides fast account set-up, easy online access to 13 international equity markets and brokerage rates from USD$5. CommSec has also reduced brokerage fees “for Australian share trading to $5 for trades under $1,000 and is introducing three new ETFs to CommSec… Read More

August 1, 2023 @ 4:33 pm By Omar Faridi  |  

Jack Henry (Nasdaq: JHKY) announced that Machias Savings Bank, a $2.4 billion-asset mutual savings bank, has selected Jack Henry in order “to modernize its technology stack and help it continue delivering high-level customer service as the bank grows.” Founded in 1869, Machias Savings Bank is… Read More

August 1, 2023 @ 4:25 pm By Omar Faridi  |  

InRoads Credit Union, which claims to be a leader in innovative member experiences and an Eltropy customer, recently shared that by leveraging Eltropy‘s Video Banking solution, the Portland, Ore.-based credit union “achieved a 0% fraud rate, effectively safeguarding members and defeating fraudulent impersonations.” Kim Preston,… Read More

August 1, 2023 @ 2:00 pm By JD Alois  |  

The Association of Online Investment Platforms (AOIP) has sent a letter to Congress asking policymakers to move forward legislation that aims to support access to capital for smaller firms and entrepreneurs. The AOIP was created to advocate on behalf of online capital formation for private… Read More

August 1, 2023 @ 12:03 pm By Omar Faridi  |  

Clearpool is pleased to announce the expansion of its decentralized lending marketplace to Polygon’s zkEVM solution, providing users “with high-speed transactions, increased diversification and greater capital efficiency.” Two permissionless lending pools, “opened by market makers Fasanara and Portofino, Clearpool’s borrowers since March 2023, are now… Read More

August 1, 2023 @ 11:55 am By JD Alois  |  

The Baltic states have gained the largest percentage of private equity and venture capital out of the European Union and the UK, according to a recent report. S&P Global Market Intelligence says Latvia, Lithuania, and Estonia had the highest percentages in their respective private business… Read More

August 1, 2023 @ 11:45 am By Omar Faridi  |  

Bluevine, the provider of small business banking solutions, announced the launch of its new accounts payable (AP) offering to help business owners and their teams simplify business payments management from within their Bluevine Business Checking accounts. With accounts payable through Bluevine, business owners can now… Read More

August 1, 2023 @ 9:11 am By Omar Faridi  |  

An improvement in jobs and sales growth across UK small businesses in June “has been largely offset by increasing late payments and a slowdown in wages growth,” according to the latest data from global small business platform Xero. Xero’s Small Business Index, based “on anonymized… Read More

August 1, 2023 @ 8:56 am By Omar Faridi  |  

European Depositary Bank (EDB), the Luxembourg-headquartered provider of banking, depositary, and custody solutions, announces its appointment by Aarna Capital Limited to deliver Digital Banking solutions. Aarna Capital is a multi-asset brokerage firm, “operating from Abu Dhabi Global Markets (ADGM) and offering customers access to futures,… Read More

August 1, 2023 @ 8:53 am By Omar Faridi  |  

Treasury Prime, an embedded banking software company, announced it is partnering with Academy Bank to bring embedded finance services to its customers in the financial services industry. This partnership addresses the increasing demand “for flexible and scalable solutions that effectively meet the evolving needs of… Read More

August 1, 2023 @ 8:02 am By Omar Faridi  |  

The Fintech Open Source Foundation (FINOS), the foundation of open innovation in financial services and part of the Linux Foundation, announced the formation of an open standard project, based upon an approach developed by FINOS Platinum Member Citi, in order “to describe consistent controls for… Read More

August 1, 2023 @ 8:00 am By Omar Faridi  |  

Optty, which claims to be the world’s first universal payments platform, announced a new partnership with Triple-A, a licensed crypto payment gateway, to add cryptocurrency as a payment option on the platform. As the central hub connecting and streamlining a robust global network of Buy… Read More

August 1, 2023 @ 7:19 am By Omar Faridi  |  

CAPE Analytics, which claims to be the leader in AI-powered geospatial property intelligence, is pleased to announce its partnership with Intermap Technologies, a global firm focused on 3D geospatial products and intelligence solutions via its powerful suite of software applications. CAPE says that it will… Read More

July 31, 2023 @ 7:27 pm By Omar Faridi  |  

Enclave Markets, which claims to be the world’s first fully encrypted exchange (FEX) that combines the best parts of centralized and decentralized finance, announced that it has entered into a strategic partnership with Hidden Road Partners, the global credit network for institutions. As a result… Read More

July 31, 2023 @ 7:24 pm By Omar Faridi  |  

Global Fintech revenue is expected to increase around 6x from current levels between 2021 and 2030 and could hit $1.5 trillion. The APAC region is expected to claim a significant portion of that total, representing around 40% of international Fintech revenue or totaling about $600… Read More

July 31, 2023 @ 5:01 pm By JD Alois  |  

SoFi (NASDAQ:SOFI) saw its shares hit a new 52-week following quarterly results that topped analyst expectations. SoFi is a diversified Fintech that started life as an online lender – first targeting refinanced student loans – but has branched out into other financial verticals, including a… Read More

July 31, 2023 @ 4:44 pm By Omar Faridi  |  

Insurtech firm bolttech says it is pleased to share that the international insurance technology company has appointed Stuart Watson as its Director, Insurance Exchange, Asia. In his new role, Stuart will “lead business development for bolttech’s embedded insurance and marketplace propositions in the region, working… Read More

July 31, 2023 @ 4:23 pm By Omar Faridi  |  

Passage reports that it has raised $6 million in order to launch an AI-driven Virtual World Builder. Funds were reportedly raised through private sale of its PASG token and will now “go towards the continuous development of the Passage world building platform, built with Cosmos… Read More

July 31, 2023 @ 4:16 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues, is pleased to announce that their Dubai subsidiary, Binance FZE, has reportedly become the first exchange “to receive the Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority… Read More

July 31, 2023 @ 1:29 pm By Omar Faridi  |  

The first six months of 2023 were difficult for the fintech market globally, “with both total funding and the number of deals dropping, from US$63.2 billion across 2,885 deals in H2’22 to US$52.4 billion in across 2,153 deals in H1’23.” The cloud of uncertainty permeating… Read More